Quality Foils (India) IPOQuality Foils (India) IPO Particulars & Guidance at Chanakyanipothi.com,
    the Oldest & the most Trusted Investment Blog in India. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 23 Years.

    Quality Foils (India) IPO Guidance:
    The company has good business with reasonable profits. The IPO size is very small, so oversubscription is no issue. The offer price is also reasonable and currently commands grey market premium.  May Apply for listing gains only.

     

    Quality Foils (India) IPO Grey Market updates 
    For latest updates, Click

    Quality Foils (India) IPO Subscription Status
    On 16 March 2023 @ 5.00 (Closed)
    NII:        410000  Shares,  464.50T
    RII:        410000  Shares,  259.65T
    Total:    820000  Shares   364.38T

    Quality Foils (India) IPO Particulars & Guidance: About the business

    Quality Foils (India) Limited is manufacturers and exporters of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible Hoses/pipes. The Company uses raw material of premium quality i.e. Hot Rolled Stainless Steel Coils/Strips mainly from Jindal Stainless Hissar Limited, Hissar. It sourced its more than 95% of raw material consumed from Jindal Stainless Hissar Limited in last three financial years.
    It is one of the growing manufacturers and exporters of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible hose pipes in India having over thirty years of experience in the manufacturing of stainless-steel products in two broad categories:
    i. Cold Rolled Stainless Steel Coils/Strips;
    ii. Stainless Steel Flexible Hose Pipes.
    Under its brand name “Quality”, we supply our Products i.e., Cold Rolled Stainless Steel Coils/Strips in for manufacture of SS Tube/Pipe, Utensils, Cutlery, Kitchen Sinks, Stainless Steel Flexible Hoses and Automobile components and Flexible Hose pipes to major applications such as high temp & medium pressure for Hydraulic Oil, Hot Water, Steam & Gas applications, chemical resistant, exhaust systems of steel, power, petrochemical, sugar, automobile and many other heavy engineering sectors.

    The company has one manufacturing plant which is strategically located at 3, Industrial Development Colony, Hisar, Haryana-125005, having total area of 16,239 Sq, yards. (“Manufacturing Facility”) in close around 3-5 kilometers from its main source of raw material i.e. Jindal Stainless Hisar Limited, that helps us in reducing its logistic costs on procurement of raw materials. Its Manufacturing Facility has CR Coils and Hose divisions with latest product-specific equipment and machineries including tube mills, Hydraulic Corrugator, Mechanical Corrugator, Carrier Braiding Machine, Hose Joining Station, draw benches, swaging machines, pipe straightening machines, TIG/MIG welding systems, etc. As on date, its Manufacturing Facility have total installed capacity of 12,000 MT per annum for CR Stainless steel coils/strips and 2,00,000 meters per annum for SS Hose pipes. Further, it has a sufficient storage facility at our Manufacturing Facility for the purposes of holding inventories of raw material as well as finished products which ensures stability of operations.

    For more information about the company, Click www.qualitygroup.in

    Quality Foils (India) IPO Details
    IPO opens on Tentative  14 March 2023
    IPO closes on   16   March 2023
    Issue Type Book Built Issue IPO
    Issue Size 754000 Sh /Rs 4.52 Cr
    * Fresh Issue 754000 Sh /Rs 4.52 Cr
    * Offer for Sale  – Sh /Rs – Cr
       
    Face Value per share: Rs. 10
       
    Price Band Rs.60
    Employee discount  Rs. 0 per share
    Retail Lot Size  2000 Shares
    Listing will at  NSE Sme
    Shares offered to
      Shares Rs. (Cr)
    QIB (0 %) 
    NII (50 %)  358000 2.15
    RII (50 %) 358000 2.15
    Total Shares  716000 4.30
    Retail portion will be oversubscribed by  179
    Forms
    How much Shares to Apply?
    Min Retail Application 2000 Sh Rs. 120000
    Max Retail Application  4000 Sh Rs. 240000

    Promoters of the IPO
    Mr. Kuldip Bhargava and Mr. Tejasvi Bhargava

    Objects of the IPO:
    The Company proposes to utilize the Net Proceeds from the Issue towards
    1)Funding capital expenditure requirements towards purchase of machinery
    2) To meet the working capital requirements of the Company

    IPO Tentative timetable
    IPO opens on 14   March 2023
    IPO Closes on 16   March 2023
    IPO Allotment on  21 March 2023
    Unblocking of ASBA  22 March 2023
    Credit of Shares 23 March 2023
    Listing on 24 March 2023
    Registered Office of the Company
    3, Industrial Development Colony, Hisar,
    Haryana-125005, India
    IPO Lead Managers 
    KHAMBATTA SECURITIES LIMITED
    Registrar to the IPO
    BIGSHARE SERVICES PRIVATE LIMITED
    IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW
      Rs.in Cr Rs.in Cr Rs. %
    2019-20 152.11 1.08 7.70 6.08
    2020-21 124.37 0.96 6.85 5.13
    2021-22  180.31 1.62 11.56 7.97
    Book Value of the Share on 31.03.2022 Rs.95.73    
    Book Value of the Share after the IPO Rs.-    
    Offer Price   Rs. 60    
    Ratio Analysis
    Upper Price/last EPS 7.78
    Upper price/BV Ratio 2.71
    Upper price/BV after IPO   

    Quality Foils (India) IPO Particulars & Guidance:
    Peer Comparison: 
    In listed markets, the company does not have any competitors as it involved in only 2 segments.

     

    # This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

    Go to Mainboard IPOs Section: Click

    Leave a Reply

    Your email address will not be published. Required fields are marked *