Quality Foils (India) IPO Particulars & Guidance at Chanakyanipothi.com,
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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
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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 |
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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.
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