GSM Foils IPO Date, Price, GMP, Review, Details
Considering investing in the upcoming GSM Foils IPO? This company manufactures Blister Foils and Aluminium Pharma Foils used in pharmaceutical packaging. It’s a Small and Medium Enterprise (SME) IPO looking to raise ₹11.01 crore. Dive deeper to explore the Issue Price, GMP (Grey Market Premium), Listing Date, and expert analysis to make informed investment decisions.
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Unveiling GSM Foils IPO: A Look at India’s Blister Foil Manufacturer
Calling all investors interested in the pharmaceutical sector! GSM Foils, a manufacturer of Blister Foils and Aluminium Pharma Foils, is launching its initial public offering (IPO) on the NSE SME platform. This Small and Medium Enterprise (SME) IPO aims to raise ₹11.01 crore to fuel its growth. But what exactly does GSM Foils do, and is this IPO worth your consideration? Let’s delve into the details.
GSM Foils plays a crucial role in the pharmaceutical packaging industry. Their Blister Foils and Aluminium Pharma Foils, also known as Strip Foils, are used to package capsules and tablets. As primary packaging material that directly comes in contact with medication, these foils require the highest quality standards to ensure product safety. With the rising demand for pharmaceuticals in India, GSM Foils is poised to benefit from this growing market.
The GSM Foils IPO is scheduled to open for subscription on May 24, 2024, and close on May 28, 2024. The price band is fixed at ₹32 per share, with a minimum lot size of 4,000 shares. Investors seeking to participate in this IPO can find comprehensive details like financials, business overview, and expert analysis online. Remember, keywords like “GSM Foils IPO,” “Blister Foils IPO,” and “Pharmaceutical Packaging IPO” can help you discover in-depth information and make informed investment decisions.
Stay tuned for further insights! In the coming days, we’ll explore the GMP (Grey Market Premium) for the GSM Foils IPO, analyze expert reviews, and assess the potential listing date. By staying informed, you’ll be well-equipped to decide if the GSM Foils IPO aligns with your investment goals.
Objects of the Issue:
Understanding the “Objects of the Issue” is vital before investing in any IPO. It clarifies how the company intends to utilize the funds raised through the public offering. Let’s explore how GSM Foils plans to leverage the capital raised from its IPO:
- Funding Capital Expenditure: A significant portion of the proceeds will likely be directed towards acquiring new plant and machinery. This investment can enhance production capacity, improve efficiency, or introduce new product lines for GSM Foils.
- Working Capital Requirements: The IPO funds can also be used to meet the company’s day-to-day operational needs. This might include purchasing raw materials, managing inventory, or covering employee salaries.
- General Corporate Purposes: Some portion of the capital might be allocated for unforeseen expenses or future strategic initiatives.
GSM Foils IPO Review
- To be updated soon
GSM Foils IPO Date & Price Band Details
| GSM Foils IPO | Date & Price |
|---|---|
| IPO Open: | May 24, 2024 |
| IPO Close: | May 28, 2024 |
| IPO Size: | Approx ₹11.01 Crores, 34,40,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹32 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
GSM Foils IPO Market Lot
Participating in the GSM Foils IPO requires applying for a minimum market lot of 4,000 shares, translating to an investment of ₹128,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 4000 | ₹128,000 |
| Retail Maximum | 1 | 4000 | ₹128,000 |
| S-HNI Minimum | 2 | 8000 | ₹256,000 |
GSM Foils IPO Dates
Mark your calendars! The GSM Foils IPO subscription window opens on May 24th, 2024 and closes on May 28th, 2024. Don’t miss your chance to be a part of this pharmaceutical packaging play.
| IPO Open Date: | May 24, 2024 |
| IPO Close Date: | May 28, 2024 |
| Basis of Allotment: | May 29, 2024 |
| Refunds: | May 30, 2024 |
| Credit to Demat Account: | May 30, 2024 |
| IPO Listing Date: | May 31, 2024 |
GSM Foils IPO Form
Forget paper forms! GSM Foils IPO operates electronically. Apply using the ASBA (Application Supported by Blocked Amount) method directly through your bank’s online platform or your broker’s online portal. ASBA ensures your funds aren’t debited until your shares are allotted, offering a secure and convenient application process.
GSM Foils Company Financial Report
While definitive financial reports for the GSM Foils IPO aren’t publicly available yet, some sources have revealed interesting trends. Reportedly, the company’s revenue saw an 8.3% decrease between March 2023 and March 2022. However, during the same period, their profit after tax (PAT) witnessed a surprising 124.62% jump. This contrasting performance warrants a closer look at the IPO prospectus and financial statements for a clearer picture of GSM Foils’ financial health before making any investment decisions.
GSM Foils IPO Valuation – FY2023
Unfortunately, due to the nature of SME IPOs and the recent date (May 18th, 2024), in-depth financial analysis to determine a definitive valuation for GSM Foils in FY2023 might not be readily available.
However, some resources might offer preliminary insights. Scrutinize the IPO prospectus for metrics like Price-to-Earnings (P/E) ratio or Price-to-Book (P/B) ratio, which can provide a glimpse into the company’s valuation compared to its industry peers. Remember, these are just starting points. Conduct thorough research and consult with financial advisors before making any investment decisions regarding the GSM Foils IPO.
| Earning Per Share (EPS): | ₹28.25 per Equity Share |
| Price/Earning P/E Ratio: | 1.13 |
| Return on Net Worth (RoNW): | 17.11% |
| Net Asset Value (NAV): | ₹165.16 per Equity Share |
Peer Group
- Synthiko Foils Limited
- MMP Industries Limited
Company Promoters
- Mr. Sagar Girish Bhanushali
- Mr. Mohansingh L Parmar
GSM Foils IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Address
GSM Foils Limited
Gala No 06/106/206/306, Sapphire Building,
Diamond Industrial Estate, Vasai East IE,
Thane, Maharashtra, India, 401208
Phone: +9184689 68102
E-mail: investors@gsmfoils.com
Website: www.gsmfoils.com
FAQs – GSM Foils IPO
What is the Issue Size of the GSM Foils IPO?
The GSM Foils IPO aims to raise ₹11.01 crore through a fresh issue of equity shares.
What is the Price Band for GSM Foils IPO Shares?
The price for GSM Foils IPO shares is fixed at ₹32 per share.
When Does the GSM Foils IPO Open for Subscription?
The subscription window for the GSM Foils IPO opens on May 24th, 2024, and closes on May 28th, 2024.
What is the Minimum Investment Required for GSM Foils IPO?
The minimum investment necessitates applying for a market lot of 4,000 shares, translating to ₹128,000.
How Can I Apply for the GSM Foils IPO?
The GSM Foils IPO operates electronically. Utilize the ASBA method through your bank’s online platform or your broker’s online portal.
Where Can I Find the GSM Foils IPO Financials?
While a comprehensive financial report isn’t publicly available yet, some sources reveal an 8.3% decrease in revenue but a 124.62% jump in PAT (Profit After Tax) year-on-year. Scrutinize the IPO prospectus for detailed financials.
How Do I Compare GSM Foils IPO with Similar Companies?
Identify companies manufacturing Blister Foils and Aluminium Pharma Foils or consider the broader pharmaceutical packaging industry for comparison. Analyze revenue growth, profitability, and valuation ratios (P/E, P/B) for informed decision-making.
What is the GMP (Grey Market Premium) for GSM Foils IPO?
Stay tuned! We’ll explore the GMP (Grey Market Premium) for the GSM Foils IPO closer to the subscription date.
When is the Expected Listing Date for GSM Foils IPO?
The GSM Foils IPO is expected to list on the NSE SME platform on May 31st, 2024 (tentative date).
Where Can I Find More Information About the GSM Foils IPO?
Numerous resources offer insights into the GSM Foils IPO. Explore financial websites, news articles, and the company’s IPO prospectus for in-depth details.
