GSM Foils IPO bidding opened for subscription on May 24, 2024 and will close on May 28, 2024. The allotment for the GSM Foils IPO is expected to be finalized on Wednesday, May 29, 2024. GSM Foils IPO will list on NSE SME with tentative listing date fixed as Friday, May 31, 2024.
IPO Size: 3,440,000 shares (11.01 Cr) Fresh Issue: 3,440,000 shares (11.01 Cr) Subscription Dates: May 24, 2024 to May 28, 2024 Expected Allotment: Wednesday, May 29, 2024 Listing Date (Tentative): May 31, 2024 Price Band: ₹32 per share Retail Investors: ₹.128,000 (4000 shares) Small HNI : ₹.256,000(2 lots, 8000 shares) Big HNI : ₹.1,024,000(8 lots, 32000 shares)
| IPO Date | May 24, 2024 to May 28, 2024 |
| Listing Date | May 31, 2024 |
| Face Value | ₹10 per share per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 3,440,000 shares (aggregating up to ₹11.01 Cr) |
| Fresh Issue | 3,440,000 (aggregating up to ₹11.01 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,371,649 |
| Share holding post issue | 12,811,649 |
| Market Maker Portion | 176,000 Shares |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 1,631,936 (47.44%) |
| Others | 1,631,936 (47.44%) |
| Total Shares Offered | 3,440,000 (100%) |
| Investor Category | Shares Offered *** | Shares Bid for | Total Amount (Rs Cr.)* | Subscription (times) |
|---|---|---|---|---|
| Retail Investors | 1,631,936 | 236,940,000 | 758.21 | 145.19 |
| Others | 1,631,936 | |||
| Total | 3,263,872 | 332,248,000 | 758.21 | 101.80 |
| GMP Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 28-05-2024 | ₹32 | ₹9 | ₹41 (28.13%) | 28-05-2024 12:05 |
| 27-05-2024 | ₹32 | ₹8 | ₹40 (25.00%) | 27-05-2024 01:05 |
| 26-05-2024 | ₹32 | ₹8 | ₹40 (25.00%) | 26-05-2024 12:05 |
| 25-05-2024 | ₹32 | ₹8 | ₹40 (25.00%) | 25-05-2024 12:05 |
| 24-05-2024 | ₹32 | ₹8 | ₹40 (25.00%) | 24-05-2024 12:05 |
| 23-05-2024 | ₹32 | ₹7 | ₹39 (21.88%) | 23-05-2024 12:05 |
| 22-05-2024 | ₹32 | ₹5 | ₹37 (15.63%) | 22-05-2024 12:05 |
GSM Foils Limited IPO opens on May 24, 2024 and closes on May 28, 2024.
| IPO Open Date | Friday, May 24, 2024 |
| IPO Close Date | Tuesday, May 28, 2024 |
| Basis of Allotment* | Wednesday, May 29, 2024 |
| Initiation of Refunds* | Thursday, May 30, 2024 |
| Credit of Shares to Demat* | Thursday, May 30, 2024 |
| Listing Date* | Friday, May 31, 2024 |
| Cut-off time for UPI mandate confirmation | 05:00 pm, May 28, 2024 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹ 128,000 |
| Retail (Max) | 1 | 4000 | ₹ 128,000 |
| HNI (Min) | 2 | 8000 | ₹ 256,000 |
The promoters of the company are Mr. Sagar Girish Bhanushali and Mr. Mohansingh L Parmar.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.14% |
Incorporated in April 2019, GSM Foils Limited manufactures Blister Foils and Aluminium Pharma Foils, also known as "Strip Foils," used for packaging pharmaceutical medicines such as capsules and tablets. These foils are primary packaging materials that come into direct contact with the medicine, so utmost care is taken to ensure their quality.
The company has established a manufacturing facility at Sapphire Building in Thane, Vasai, Maharashtra, covering an area of 7,973 square feet across the ground plus 3 floors. The manufacturing facilities are fully equipped with tools, machinery, and amenities necessary to support seamless manufacturing processes, hassle-free production, quality testing, research, storage, and packaging.
The company is ISO 9001:2015 certified company.
The company has a presence across India with clients in 13 states and 1 Union territory in the domestic market.
As of February 28, 2024 the company has 39 employees on payroll basis.
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
GSM Foils Limited
Gala No 06/106/206/306, Sapphire Building
Diamond Industrial Estate, Vasai East IE,
Thane- 401208
Phone: +9184689 68102
Email: investors@gsmfoils.com
Website: https://www.gsmfoils.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
| Listing Date | May 31, 2024 |
| Final Issue Price | ₹ 32 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 32 | ₹ 32 |
GSM Foils Limited IPO is a main-board FPO of 3,440,000 equity shares of the face value of ₹ 10 per share aggregating up to ₹ 11.01 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000 Shares.
The GSM Foils Limited IPO opens on May 24, 2024 and closes on May 28, 2024.
Retail Investors: ₹.128,000 (4000 shares) Small HNI : ₹.256,000(2 lots, 8000 shares) Big HNI : ₹.1,024,000(8 lots, 32000 shares)
The finalization of Basis of Allotment for GSM Foils Limited IPO will be done on Wednesday, May 29, 2024, and the allotted shares will be credited to your demat account by Thursday, May 30, 2024. Check the GSM Foils Limited IPO allotment status.