GSM Foils Ltd

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 packaging 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, the company has acquired definite know how in different types of foils used in pharmaceuticals companies. The Company 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.

Open Demat Account

50years

GSM Foils Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
34.4 LTBA16.32 L93.7 LNSETBA
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
24 May, 2428 May, 244000 TBA Fixed Price - SME31 May, 24

GSM Foils Ltd IPO Details

GSM Foils Ltd IPO Dates

  • 24 May 2024

    Opening date

  • 28 May 2024

    Closing date

  • 29 May 2024

    Basis of
    Allotment

  • 30 May 2024

    Initiation of
    Refunds

  • 30 May 2024

    Credit of
    Shares

  • 31 May 2024

    Listing date

Details

SectorType
SectorAluminium and Aluminium Products
Sub SectorNA
Issue TypeFixed Price - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription Times
QIB0x
NII251.64x
Retail247.1x
Employee0x
Total240.4x

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

GSM Foils Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations1.76TBATBA
EBITDA1.85TBATBA
PAT1.25TBATBA
Total Assets20.95TBATBA
Share Capital0.02TBATBA
Total Borrowings7.39TBATBA
Operating Activities (Net Cash)1.34TBATBA
Investing Activities (Net Cash)0.00TBATBA
Financing Activities (Net Cash)7.39TBATBA
Net Cashflow0.41TBATBA

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About GSM Foils Ltd

GSM Foils Limited was originally formed as Limited Liability Partnership Firm under the name and style of M/s. GSM Foils LLP pursuant to a Certificate of incorporation issued by Registrar of Companies, Central Registration Centre, dated April 05, 2019 with LLP registration number being AAO-7932. M/s. GSM Foils LLP was thereafter converted into a Private Limited Company GSM Foils Private Limited pursuant to the provisions of Chapter XXI of the Companies Act, 2013 and fresh a certificate of incorporation dated June 27, 2023 was issued by Registrar of Companies, Central Registration Centre. Subsequently, the Company has been converted into a public limited company and the name of the Company changed to GSM Foils Limited pursuant to a special resolution passed at the Extra-Ordinary General Meeting of the Company held on July 14, 2023 and a fresh Certificate of incorporation dated September 04 2023 issued by the Registrar of Companies, Mumbai. The Corporate Identity Number of the Company is U43303MH2023PLC405459.

The global packaging industry is developing and expanding day by day and Indian packaging industry is also growing rapidly. This growth is primarily driven by factors like growing pharmaceutical, manufacturing industry, healthcare sector and ancillary in the emerging economies. India's pharmaceutical industry leads globally, renowned for affordable generic drugs and vaccines. With a 9.43% CAGR over nine years, it ranks third in production volume. Diverse segments include generics, OTC meds, bulk drugs, vaccines, biosimilars, and biologics. Notably, India houses the most USFDA-compliant manufacturing facilities and 500 API producers, capturing 8% of the global API market. This industry's growth reflects its adaptability and quality standards, ensuring accessible healthcare solutions worldwide.

Peer Comparison:

  • Synthiko Foils Ltd
  • MMP Industries Ltd

GSM Foils Ltd IPO Key Points

Strengths

  • Cost effective production and timely fulfilment of orders.
  • Experienced Promoters and management team.
  • Well Equipped Manufacturing Facility.
  • Quality assurance and standards.
  • Wide range of its products.

Risk

  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
  • Any disruptions to the supply, or increases in the pricing, of the raw materials, may adversely affect the supply and pricing of its products and, in turn, adversely affect the company's Business, Cash Flows, Financial Condition and Results of Operations.
  • Any slowdown or shutdown of its Manufacturing operations at the company's Manufacturing Facilities could have an adverse effect on its Business, Financial Condition and Results of Operations.

Strategy

  • Expanding its clientele Network by Geographic expansion.
  • Enhancing its Brand Image.
  • Widen its product portfolio.
  • Focus on dealing in quality standard products.
  • Improving Functional Efficiency.

GSM Foils Ltd IPO Key Points

  • Cost effective production and timely fulfilment of orders.
  • Experienced Promoters and management team.
  • Well Equipped Manufacturing Facility.
  • Quality assurance and standards.
  • Wide range of its products.

How To Apply for GSM Foils Ltd Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

GSM Foils Ltd's IPO offers shares for up to ₹ 0 L It begins on May 24, 2024 and ends on May 28, 2024.

The price of GSM Foils Ltd IPO ranges between ₹0 to ₹0 per share.

The GSM Foils Ltd IPO opens on May 24, 2024 and closes on May 28, 2024.

The allotment for the GSM Foils Ltd IPO will be finalised on May 29, 2024. The shares will be listed on BSE and NSE on May 31, 2024.

The minimum lot size for GSM Foils Ltd IPO is 4000 shares, priced between ₹0 to ₹0 per share.

The GMP (Grey Market Premium) of GSM Foils Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of GSM Foils Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The GSM Foils Ltd IPO is getting listed on the BSE and NSE. Bidding opens on May 24, 2024, and closes on May 28, 2024. The allotment is finalised on May 29, 2024.

To apply for the GSM Foils Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.