Quality Foils (India) was incorporated on October 03, 1989. The company manufactures and exports cold-rolled stainless steel strips/coils and stainless steel flexible hoses/pipes.
| Bidding Dates |
|---|
| 14 Mar 2023 - 16 Mar 2023 |
| Subscription |
|---|
| 364.38x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 2000 | 754.0 K | ₹60 | 73.58 % | ₹45.2 M | RHP DOC |
Quality Foils IPO SUBSCRIPTION STATUS
16 Mar '23Quality Foils IPO overall subscription rate was 364.38 times the total available shares
Quality Foils IPO retail subscription rate was 259.65 times in the retail segment
Quality Foils IPO non-institutional investor subscription rate was 464.5 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
16 Mar 2023 (Day 3) | 259.65x | 464.5x | - |
15 Mar 2023 (Day 2) | 44.08x | 54.08x | - |
14 Mar 2023 (Day 1) | 8.03x | 10.68x | - |
Quality Foils FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| H1FY23 | 20.6 | 1,044.5 | 84.1 | 100.6 |
| FY22 | 16.2 | 1,797.9 | -17.7 | -41.0 |
| FY21 | 9.6 | 1,239.8 | 39.4 | 37.3 |
| FY20 | 10.8 | 1,514.7 | 61.8 | 51.6 |
Quality Foils IPO SUBSCRIPTION STATUS DETAILS
Quality Foils had 754.0 K shares on offer
Quality Foils IPO offer price was ₹60
Quality Foils IPO minimum Investment was ₹120000
Quality Foils IPO issue size was ₹ 45.2 M
Quality Foils had a minimum lot size of 2000 Shares per application
Quality Foils NUMBER OF SHARES ON OFFER
Quality Foils IPO IMPORTANT DATES
| Issue Open Date | 14 Mar 2023 |
| Issue close Date | 16 Mar 2023 |
| Allotment Date | 21 Mar 2023 |
| Refund Date | 22 Mar 2023 |
| Demat Account Credit Date | 23 Mar 2023 |
| Listing Date | 24 Mar 2023 |
| Listing on Exchange(s) | NSE |
| Quality Foils Allotment Status | Exchange |
Quality Foils IPO subscription opened on 14 Mar 2023, and closed on 16 Mar 2023
IPO allotment for Quality Foils was finalized on Tuesday, 21 Mar 2023
IPO listing for Quality Foils was on NSE on Friday, 24 Mar 2023
Quality Foils IPO LISTING GAINS
| Issue Price (adjusted) | 60.0 |
| Listing Open Price | 100.0 |
| Listing Close Price | 97.7 |
| Listing Gain% | 66.7% |
| Current Gain% | 4.7% |
Quality Foils Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Quality Foils (India) Ltd. | 62.8 | 17.9 | 12.2 | 3.3 | 0.1 | 4.6 | 1.4 | 184.8 | 20.9 | 1.5 | 3.7 | 5.2 | 3.7 |
| APL Apollo Tubes Ltd. | 2020 | 56087 | 45.6 | 0.9 | 2.4 | 22.7 | 13.6 | 23190.8 | 11.6 | 1203.1 | 58.9 | 44.3 | 53.4 |
| Welspun Corp Ltd. | 1848.5 | 48761.7 | 21.1 | 1.4 | 2.8 | 17.6 | 7.9 | 16905.4 | 19.3 | 1613 | -15.5 | 87.5 | 14.9 |
| Usha Martin Ltd. | 516.8 | 15749.1 | 31.1 | 1.2 | 4.1 | 14.1 | 11.1 | 3759.9 | 7 | 466 | 14.4 | 16.6 | 25.4 |
| Vedanta Iron and Steel Ltd. | 37 | 14456.7 | 0 | -191.6 | 0 | 0 | -28.4 | ||||||
| Technocraft Industries (India) Ltd. | 2675.3 | 6065.7 | 21.3 | 1.9 | 2.2 | 14.1 | 8.8 | 2860.8 | 6.1 | 285.3 | 11.4 | 125.8 | 11.4 |
Quality Foils INFORMATION ON IPO ISSUE
About Quality Foils
Quality Foils (India) was incorporated on October 03, 1989. The company manufactures and exports cold-rolled stainless steel strips/coils and stainless steel flexible hoses/pipes.
Object of the Issue
- Funding capital expenditure requirements towards the purchase of machinery
- To meet the working capital requirements of the company
- General corporate purpose
- To meet the issue expenses
Quality Foils - PROMOTERS
| Name |
|---|
| Kuldip Bhargava |
| Tejasvi Bhargava |
Quality Foils Lead Manager to the Issue
Khambatta Securities Limited
ipo@khambattasecurities.com
Quality Foils Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Quality Foils Strengths
International accreditations
The company follows international standard manufacturing practices and has quality benchmarking certifications such as ISO 9001:2015, and ISO 45001:2018 from TUV SUD South Asia and Quality Research Organisation
Specialised production
The company is a CR stainless steel coils/strips and hose pipes manufacturer with its focus on manufacturing CR coils in a single metal category, i.e., stainless steel
Customer diversification
In the domestic market, the company sells its products to end customers as well as manufacturers and traders, while in the international market, it supplies products to manufacturers and traders
Quality Foils Risks
Legal proceedings
The company and group companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have an adverse effect on the business
Dependent on few customers
The company is dependent on a few customers. Any loss of top 10 customers will significantly affect the revenues and profitability
Lower utilisation
The company's capacity utilisation has been low in the past years. It has seen a downward trend in production in the past years, compared to its installed capacity
IPO FAQs
The promoters of the company are Kuldip Bhargava and Tejasvi Bhargava.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 60.0 - 60.0.
The IPO application opens on Mar 14, 2023 and closes on Mar 16, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Mar 21, 2023.
The refund will be credited to your account on Mar 22, 2023.
The allotted shares will be credited to your demat on Mar 23, 2023.
Quality Foils (India) Ltd.’s shares listed on the stock exchanges on Mar 24, 2023.