Quality Foils IPO GMP, Review, Price, Allotment

Last updated on October 25, 2023

Quality Foils IPO description – Quality Foils manufactures and exports Cold Rolled Stainless Steel Strips / Coils and Stainless-Steel Flexible Hoses/pipes. The company uses raw material of premium quality i.e. Hot Rolled Stainless Steel Coils/Strips mainly from Jindal Stainless Hissar.

With over 30 years of experience, the company offers stainless steel products in two broad categories:

i. Cold Rolled Stainless Steel Coils/Strips
ii. Stainless Steel Flexible Hose Pipes.

As on 9 January 2023, the company has exported to more than 7 countries including Germany, UK, Philippines, Sri Lanka, Turkey, Poland, and Bogota Colombia.

Quality Foils’ 16,239 square yards manufacturing plant is strategically located at 3, Industrial Development Colony, Hisar, in around 3-5 km distance from its main source of raw material i.e. Jindal Stainless Hisar. The manufacturing facility has total installed capacity of 12,000 MT per annum for CR Stainless steel coils/strips and 2,00,000 meters per annum for SS Hose pipes.

Promoters of Quality Foils – Mr. Kuldip Bhargava and Mr. Tejasvi Bhargava

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Quality Foils IPO Details

Quality Foils IPO Dates	14 – 16 March 2023
Quality Foils IPO Price	INR 60 per share
Fresh issue	7,54,000 shares (INR 4.52 crore)
Offer For Sale	Nil
Total IPO size	7,54,000 shares (INR 4.52 crore)
Minimum bid (lot size)	2,000 shares (INR 120,000)
Face Value	INR 10 per share
Retail Allocation	50%
Listing On	NSE Emerge

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Quality Foils Financial Performance

	FY 2020	FY 2021	FY 2022	H1 FY 2023
Revenue	151.47	123.98	179.79	104.45
Expenses	150.79	123.04	178.09	103.27
Net income	1.08	0.96	1.62	2.06

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Quality Foils Offer News

• Quality Foils RHP
• Quality Foils Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Allotment Status

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Quality Foils Valuations & Margins

	FY 2020	FY 2021	FY 2022
EPS	5.14	4.56	7.71
PE ratio	–	–	7.78
RONW (%)	6.08	5.13	7.97
NAV	84.45	89.02	95.73
ROCE (%)	13.57	11.89	12.56
EBITDA (%)	4.51	4.94	3.87
Debt/Equity	2.40	2.28	2.44

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Quality Foils IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
23 Mar 2023	25	–	35,000
22 Mar 2023	22	–	32,000
21 Mar 2023	22	–	32,000
20 Mar 2023	18	–	30,000
18 Mar 2023	18	–	28,000
17 Mar 2023	15	–	25,000
16 Mar 2023	12	–	–
15 Mar 2023	15	–	–
14 Mar 2023	12	–	–
13 Mar 2023	12	–	–
11 Mar 2023	15	–	–
10 Mar 2023	22	–	–
9 Mar 2023	27	–	–
8 Mar 2023	25	–	–

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Quality Foils IPO Subscription – Live Updates

Category	Non retail	Retail	Total
Shares Offered	377,000	377,000	754,000
16 Mar 2023	445.47	246.56	346.02
15 Mar 2023	53.19	40.92	47.06
14 Mar 2023	12.03	7.45	9.74

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Quality Foils Offer Lead Manager

KHAMBATTA SECURITIES LIMITED
1 Ground Floor, 7/10, Botawala Building, 9
Bank Street, Horniman Circle, Fort, Mumbai,
Maharashtra – 400 001, India
Phone:  011-41645051, 022-66413315
Email: [email protected]
Website: www.khambattasecurities.com

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Quality Foils Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Telephone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com

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Quality Foils Contact Details

QUALITY FOILS (INDIA) LIMITED
3, Industrial Development Colony,
Hisar, Haryana-125005, India
Phone: 01662-220327 / 28
E-mail: [email protected]
Website: www.qualitygroup.in

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Quality Foils IPO Allotment Status

Quality Foils IPO allotment status is now available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.

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Quality Foils IPO Dates & Listing Performance

IPO Opening Date	14 March 2023
IPO Closing Date	16 March 2023
Finalisation of Basis of Allotment	21 March 2023
Initiation of refunds	22 March 2023
Transfer of shares to demat accounts	23 March 2023
Quality Foils IPO Listing Date	24 March 2023
Opening Price on NSE SME	INR 100 per share (up 66.67%)
Closing Price on NSE SME	INR 97.70 per share (up 62.83%)

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Quality Foils IPO FAQs