GSM Foils Ltd IPO

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.

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.

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