Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
SME IPO Status: Listed [24th May 2024 to 28th May 2024]
GSM Foils IPO, a SME IPO of ₹11.01 Cr was launced on 24-05-2024 to 28-05-2024 and the shares got listed on NSE SME on 31-05-2024.
The public issue of GSM Foils IPO (GSMFOILS) was offered at ₹32.00 per share and the ipo was listed at ₹32.00. It has delivered at par listing .
As the minimum lot size was 4000 shares, the IPO has offered Rs 0.00 per lot loss on listing.
| SME IPO Issue Opening Date: | 24th May 2024 |
| SME IPO Issue Closing Date: | 28th May 2024 |
| SME IPO Issue Price: | ₹32.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹11.01 Cr |
| Fresh Issue: | ₹11.01 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.99% |
| Promoter Holding Post IPO: | 73.14% |
| Allotment Status: | Allotment Status |
| NSE Code: | GSMFOILS |
Get important updates regarding GSM Foils SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 29th May 2024 |
| Refunds Initiation* | 30th May 2024 |
| Credit of Shares to Demat* | 30th May 2024 |
| SME IPO Listing Date* | 31st May 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹32.00 |
| Market Lot: | 4000 Shares |
| 1 Lot Amount: | ₹128000 |
| Min HNI Lots: | 8000 shares (2 lots)- ₹256000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 31-05-2024 | 32.00 | 6 | 18200 | ₹38 (18.75%) | 31-May-2024 10:24 |
Want to start your investment journey, join India’s Pioneer Discount Broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.Open Zerodha Account
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
GSM Foils Limited was established in April 2019 and is engaged in the manufacture of blister foils and pharmaceutical aluminium foils (also known as “strip foils") used for the packaging of pharmaceuticals, including capsules and tablets. As this is a primary packaging material that comes into direct contact with the medicines, great care is taken to ensure its quality.
In recent years, the company has acquired extensive knowledge of the different types of foil used in pharmaceutical companies. It offers aluminium foils in various sizes, shapes and thicknesses to meet the different needs of its customers. The product range includes unprinted and printed aluminium foils and tapes as well as aluminium-based foils and ranges from 0.020/0.025/0.030/0.040 microns for coated/laminated/blister/printed tape foils.
The company has set up a manufacturing facility at Gala No. 06/106/206/306, Sapphire Building, Diamond Industrial Estate, Vasai East IE, Thane, Vasai, Maharashtra, India, 401208 spread over an area of 7,973 square metres with one floor and three floors for smooth execution of all business operations.
The company has an India-wide presence and customer base in 13 states and one Union Territory for the domestic market and beyond in the other 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.
| Incorporation | Sector | IPO Issue Size | Website |
| 2019 | Aluminium, Copper & Zinc Products | ₹11.01 Cr | https://www.gsmfoils.com/ |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,632,000 (50%) | 1,632,000 (50%) | 3,264,000 | |
| 1 | 24th May 2024 19:31 | 5.28x | 31.56x | 18.43x |
| 2 | 27th May 2024 19:31 | 30.46x | 106.12x | 68.35x |
| 3 | 28th May 2024 18:21 | 259.51x | 247.10x | 257.30x |
GSM Foils Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 124.62% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,208.18 | 1,438.18 | 1,050.65 | 720.57 |
| Revenue | 2,717.87 | 6,588.69 | 7,185.04 | 3,646.23 |
| Profit After Tax | 124.79 | 142.97 | 63.65 | 33.93 |
| Net Worth | 126.99 | 835.73 | 659.06 | 657.82 |
| Reserves and Surplus | 124.79 | |||
| Total Borrowing | 1,412.95 | 242.43 | 219.20 | |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| GSM Foils Limited | 28.25 | 165.16 | 1.13 | 13.26 | ||
| Synthiko Foils Ltd. | 0.95 | 33.36 | 70.47 | 2.85 | Standalone | |
| Mmp Industries Limited | 7.28 | 91.68 | 36 | 8.22 | Standalone |
Last Updated on 04-Jun-2024 07:02:49
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase GSM Foils SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply GSM Foils SME IPO with Zerodha.
Alternate approch to apply in GSM Foils SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
GSM Foils SME IPO Review and Important Updates
Other relevant questions :
How to subscribe GSM Foils SME IPO Zerodha? How to purchase GSM Foils SME IPO on Zerodha? GSM Foils SME IPO how to buy Zerodha? GSM Foils SME IPO Zerodha apply. GSM Foils SME IPO purchase Zerodha. GSM Foils SME IPO with Zerodha. GSM Foils SME IPO at Zerodha. GSM Foils SME IPO kite Zerodha. GSM Foils SME IPO using Zerodha. GSM Foils SME IPO via Zerodha.
To subscribe or apply in GSM Foils SME IPO, you can use the following methods:
| GSM Foils SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in GSM Foils SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in GSM Foils SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in GSM Foils SME IPO. Most of the Syndicate Banks provide access to apply in GSM Foils IPO via ASBA process. You must have your net banking access, DP ID information to apply in GSM Foils SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in GSM Foils SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
GSM Foils SME IPO Review and Important Updates
Other relevant question on same topics are:
Where to subscribe GSM Foils SME IPO? Where to apply for GSM Foils SME IPO? How to subscribe GSM Foils SME IPO online? GSM Foils SME IPO where to apply? Where to buy GSM Foils SME IPO online? How to buy GSM Foils SME IPO online? How to purchase GSM Foils SME IPO? How to get GSM Foils SME IPO? How to book GSM Foils SME IPO? How to invest GSM Foils SME IPO? GSM Foils SME IPO kaise buy kare?
GSM Foils SME IPO is going to be list on 31-05-2024. NSE Code for GSM Foils is GSMFOILS.
Other relevant questions:
When GSM Foils SME IPO will be listing? GSM Foils SME IPO NSE listing date?GSM Foils SME IPO date of listing
GSM Foils SME IPO Allotment Date is 29-05-2024.
Other relevant questions:
GSM Foils SME IPO share allotment date?GSM Foils SME IPO allotment date?
