GSM Foils is engaged in the business of manufacturing blister foils and aluminum pharma foils, which are used in the packing of pharmaceutical medicines, including both capsules and tablets. This is a primary packaging material that comes in direct contact with the medicine; hence, utmost care is taken regarding its quality.
| Bidding Dates |
|---|
| 24 May 2024 - 28 May 2024 |
| Subscription |
|---|
| 240.4x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,28,000 | 1 | 1 | 4000 | 3.4 M | ₹32 | 73.14 % | ₹110.1 M | RHP DOC |
GSM Foils IPO SUBSCRIPTION STATUS
28 May '24GSM Foils IPO overall subscription rate was 240.4 times the total available shares
GSM Foils IPO retail subscription rate was 234.46 times in the retail segment
GSM Foils IPO non-institutional investor subscription rate was 246.34 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
28 May 2024 (Day 3) | 234.46x | 246.34x | - |
27 May 2024 (Day 2) | 98.77x | 28.83x | - |
24 May 2024 (Day 1) | 28.44x | 4.81x | - |
GSM Foils FINANCIALS
| Period | Net Profit (Rs in millions) | Net Premium Earned (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY24 | 17.5 | 381.0 | -24.5 | -25.2 | 7.5% |
| FY23 | 14.3 | 658.8 | 6.0 | -1.1 | 4.3% |
| FY22 | 6.4 | 718.5 | -15.8 | -15.8 | 1.8% |
| FY21 | 3.4 | 364.6 | -9.8 | -10.0 | 2.0% |
GSM Foils IPO SUBSCRIPTION STATUS DETAILS
GSM Foils had 3.4 M shares on offer
GSM Foils IPO offer price was ₹32
GSM Foils IPO minimum Investment was ₹128000
GSM Foils IPO issue size was ₹ 110.1 M
GSM Foils had a minimum lot size of 4000 Shares per application
GSM Foils NUMBER OF SHARES ON OFFER
GSM Foils IPO IMPORTANT DATES
| Issue Open Date | 24 May 2024 |
| Issue close Date | 28 May 2024 |
| Allotment Date | 29 May 2024 |
| Refund Date | 30 May 2024 |
| Demat Account Credit Date | 30 May 2024 |
| Listing Date | 31 May 2024 |
| Listing on Exchange(s) | NSE |
| GSM Foils Allotment Status | Exchange |
GSM Foils IPO subscription opened on 24 May 2024, and closed on 28 May 2024
IPO allotment for GSM Foils was finalized on Wednesday, 29 May 2024
IPO listing for GSM Foils was on NSE on Friday, 31 May 2024
GSM Foils IPO LISTING GAINS
| Issue Price (adjusted) | 32.0 |
| Listing Open Price | 32.0 |
| Listing Close Price | 33.6 |
| Listing Gain% | 0.0% |
| Current Gain% | 294.1% |
GSM 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GSM Foils Ltd. | 126.1 | 161.6 | 9 | 0.1 | 0.6 | 26.6 | 12 | 258.5 | 93.2 | 19.8 | 105.5 | 14.1 | 95.4 |
| Garware Hi-Tech Films Ltd. | 6973 | 16200 | 41.8 | 2.2 | 7.2 | 12.7 | 11.2 | 2185 | 1 | 338.2 | 2.1 | 166.9 | 19 |
| EPL Ltd. | 224.7 | 7198.1 | 18.5 | 2.2 | 1.5 | 13.6 | 7.9 | 4806.5 | 12.9 | 388.9 | 8.3 | 12.1 | 8.3 |
| AGI Greenpac Ltd. | 709.8 | 4592.2 | 12.7 | 3.1 | 1.7 | 14.6 | 9.9 | 2760.4 | 6 | 351.7 | 9.1 | 56 | 4.1 |
| Uflex Ltd. | 488.7 | 3529 | 11.1 | 0.1 | 0.2 | 3.9 | 1.4 | 15513 | 2.1 | 317.1 | 122.8 | 43.9 | 122.7 |
| Polyplex Corporation Ltd. | 1115.9 | 3503.1 | 77.9 | -1 | 0.5 | 1.1 | 0.5 | 7173.4 | 2.8 | 45 | -78.5 | 14.3 | -78.5 |
GSM Foils INFORMATION ON IPO ISSUE
About GSM Foils
GSM Foils is engaged in the business of manufacturing blister foils and aluminum pharma foils, which are used in the packing of pharmaceutical medicines, including both capsules and tablets. This is a primary packaging material that comes in direct contact with the medicine; hence, utmost care is taken regarding its quality.
Object of the Issue
- Funding of capital expenditure towards the purchase of plant and machinery
- Funding working capital requirements of the company
- General corporate purposes
GSM Foils - PROMOTERS
| Name |
|---|
| Sagar Girish Bhanushali |
| Mohansingh L Parmar |
GSM Foils Lead Manager of the Issue
Sherni Shares Limited
shrenishares@gmail.com
GSM Foils Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
GSM Foils Strengths
Cost effective production
The company has implemented a number of measures to guarantee prompt fulfillment and increase cost-effectiveness. In order to ensure cost-effective production, it continuously works to adopt an efficient procurement policy for inputs required for production
Product portfolio
The company's production capacity has gradually increased over the past several years. Its diversified product portfolio allows it to meet customers' requirements as per their needs
Quality assurance
The company is certified with ISO 9001:2015 and is committed to maintaining quality at all steps, from the procurement of raw materials to dispatch
GSM Foils Risks
Outstanding litigation
The company has certain outstanding litigation against it, the adverse outcome of which may adversely affect the business, reputation, and results of operations
Negative cash flows
The company had negative cash flows in the past years. If it is not able to generate sufficient cash flows, it may adversely affect its business and financial operations
Labour intensive industry
The industry in which the company operates is labour intensive and its manufacturing operations may be materially adversely affected by strikes, work stoppages or increased wage demands by the employees or those of the supplier
IPO FAQs
The promoters of the company are Sagar Girish Bhanushali and Mohansingh L Parmar.
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 32.0 - 32.0.
The IPO application opens on May 24, 2024 and closes on May 28, 2024.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 128,000.0, the maximum value for this IPO is Rs 128,000.0.
This IPO will be allotted on May 29, 2024.
The refund will be credited to your account on May 30, 2024.
The allotted shares will be credited to your demat on May 30, 2024.
GSM Foils Ltd.’s shares listed on the stock exchanges on May 31, 2024.