May 31, 2024
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GSM Foils IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents
GSM Foils IPO Post Listing Review & valuation:
The scrip is listed at Rs. 32, @ premium of 0.00% over the issue price of Rs. 32. The listing has been very much below the expectations of the grey market players. The current Valuation appears to be okay, till the results of the year 2023-24 are announced. If the company can maintain the profitability which it showed in the last financial year, the share is expected to show strong rise.
What is the last GMP of GSM Foils IPO?*
Premium: Rs.6
Min Application Rs.
Subject to Rs.18200
Check Subscription status of GSM Foils IPO
On 28 May 2024 @ 5.00 (Day 3)
Review: Strong trend in RIIs
NII: 259.51 T
RII: 247.10 T
Total: 257.30 T
Application: 100816 (247.10X)
Amount wise Subscription: Rs. 2686.21 Crore
What is the business of GSM Foils ?
GSM Foils Limited is engaged in the business of manufacturing Blister Foils and Aluminium Pharma Foils (also known as “Strip Foils”) which is used in packing of pharmaceutical medicines which includes capsules and tablets both. This is a primary packaging material which comes in direct contact with the medicine, hence, utmost care is taken with regards to its quality. Over the past few years, it has acquired definite know how in different types of foils used in pharmaceuticals companies. It offers Aluminium foils in different sizes, shapes and thickness to meet diverse needs of its clients. The range of its products includes plain and printed aluminium foils and strip foils along with alu alu base foils and it ranges from 0.020/ 0.025/ 0.030/ 0.040 micron for coated /ploy laminated/ blister/ strip printed foils.
Aluminium Foil or Strip Foils are one of the packaging options for highly sensitive pharmaceutical products that protects the medicines from oxygen, moisture, and other environmental influences. These foils are used in packaging of capsules which requires more bursting strength as they are bigger in size and is used to create a push-through closure with lid film where tablets and capsules are protected perfectly and hygienically.
It has developed a manufacturing facility at Gala No 06/106/206/306, Sapphire Building, Diamond Industrial Estate, Vasai East IE, Thane, Vasai, Maharashtra, India, 401208 in 7,973 Sq. feet area with ground plus 3 floors for smooth execution of all the business operations.
The company have PAN India presence with its clientele base in 13 states and 1 Union territory for our domestic market based on sales made for the period ended December 31, 2023, June 26, 2023 and for the financial year ended March 31, 2023, 2022 and 2021in states of Dadra & Nagar Haveli and Daman & Diu, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Puducherry, Sikkim, Tamil Nadu, Telangana and West Bengal.
Get more information about the company @ https://www.gsmfoils.com/
| GSM Foils IPO Details | |
| IPO opens on | 24 May 2024 |
| IPO closes on | 28 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3440000 Shares / Rs 11.01 Crore |
| * Fresh Issue | 3440000 Shares / Rs 11.01 Crore |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 176000 Shares |
| Net offer to Public | 3264000 Shares/ Rs.10.44 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.32 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 4000 Shares |
| Listing will at | NSE SME |
| Shares offered in GSM Foils IPO | ||
| Shares | Rs. (Crore) | |
| QIB (50%) | – | – |
| NII (15%) | 1632000 | 5.22 |
| RII (35%) | 1632000 | 5.22 |
| Total Shares | 3264000 | 10.44 |
| Retail portion will be oversubscribed by | 408 | |
| Forms | ||
| How much Shares to Apply in GSM Foils IPO? | ||
| Min Retail Application | 4000 Shares | Rs. 128000 |
| Min HNI Application | 8000 Shares | Rs.256000 |
Who are the Promoters of GSM Foils IPO?
The company’s Promoters are Mr. Sagar Girish Bhanushali and Mr. Mohansingh L Parmar.
What are the Objects of GSM Foils IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The objects of the present issue of Equity Shares are:
1.Funding of capital expenditure towards the purchase of Plant and Machineries.
2.Funding Working Capital Requirements of the company.
3.General corporate purposes.
| GSM Foils IPO Tentative timetable | |
| IPO opens on | 24 May 2024 |
| IPO Closes on | 28 May 2024 |
| IPO Allotment on | 29 May 2024 |
| Refund Initiation | 30 May 2024 |
| Credit of Shares | 30 May 2024 |
| Listing on | 31 May 2024 |
| Registered Office of the Company GSM Foils Limited Gala No 06/106/206/306, Sapphire Building Diamond Industrial Estate, Vasai East IE, Thane- 401208 |
| Who is the Lead Manager of GSM Foils IPO? Shreni Shares Limited |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
| GSM Foils IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2020-21 | 36.46 | 0.34 | 0.52 | 6.36 |
| 2021-22 | 71.85 | 0.64 | 0.97 | 17.87 |
| 2022-23 | 65.88 | 1.43 | 1.71 | 16.75 |
| Book Value of the Share on | 31.03.2023 | Rs 10 | ||
| BV of the Share at cap price | after the IPO | Rs. 16 | ||
| Offer Price/upper band | Rs. 32 | |||
| GSM Foils IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 18.71 |
| Price/BV Ratio | 3.20 |
| Upper price/BV after IPO | 2 |
How GSM Foils IPO compares with the Peers?
| As per RHP | FV | Total Income | PE Ratio |
| Rs. | In Cr. | @ | |
| GSM Foils | 10 | 18.71 | |
| Synthiko Foils | 5 | 70.47 | |
| MMP Industries | 10 | 36 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
GSM Foils IPO To the point Guidance
GSM Foils Limited is engaged in the business of manufacturing Blister Foils and Aluminium Pharma Foils (also known as “Strip Foils”) which is used in packing of pharmaceutical medicines which includes capsules and tablets both. This is a primary packaging material which comes in direct contact with the medicine, hence, utmost care is taken with regards to its quality. Over the past few years, it has acquired definite know how in different types of foils used in pharmaceuticals companies.
Size: The net offer is of Rs. 10.44 Crore/3264000 shares. Retail portion is Rs. 5.22 crore and it can get one time subscribed with 408 applications. The size of the IPO is small and over subscription may not be an issue.
Financial Snapshot: The company has relatively good topline and net profit is okay/not so impressive. However the shares are offered at reasonable valuation and has left some room for listing gains. May Apply.
Quicklinks
GSM Foils IPO GMP today details?
GSM Foils IPO
GSM Foils IPO FAQs
What is GSM Foils IPO?
GSM Foils is a SME IPO of 344000 equity shares of the face value of Rs. 10 aggregating up to Rs.11.01 Crores. The issue is priced at Rs.32 per share. The minimum order quantity is 4000 Shares.
When will GSM Foils IPO open?
GSM Foils IPO opens on May 24, 2024, and closes on May 28, 2024.
What is the lot size of GSM Foils IPO?
GSM Foils IPO lot size is 1000 Shares, and the minimum amount required is Rs.147000.
How to apply for GSM Foils IPO?
You can apply in GSM Foils IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is GSM Foils IPO allotment?
The finalization of Basis of Allotment for GSM Foils IPO will be done on May 29, 2024, and the allotted shares will be credited to your demat account by May 30, 2024.
When is GSM Foils IPO listing date?
GSM Foils IPO listing date is May 31, 2024.
