GSM Foils Limited (NSE SME)
May 24, 2024 - May 28, 2024
| Price | ₹32 - ₹32 |
| Premium | ₹6 |
|---|---|
| Lot size | 4000 |
| Allotment | May 29, 2024 |
| Listing | May 31, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 4000 | 128000 | 408 |
| HNI | 2 | 8000 | 256000 | 408 |
Last updated on 28-May-2024 17:00:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 1632000 | 423704000 | 259.62 |
| RETAIL | 1632000 | 403128000 | 247.01 |
| Total | 3264000 | 826832000 | 253.32 |
| Retail Apps | 100782 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹11.15 | @8% ₹12.75 | @9% ₹14.34 | @10% ₹15.93 | @11% ₹17.53 | @12% ₹19.12 |
GSM Foils IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.4% | 1632000 |
| Other | 47.4% | 1632000 |
| Market Maker | 5.1% | 176000 |
| Total No. of Shares | 100.0% | 3440000 |
GSM Foils IPO Details
| Issue Size | 3,440,000 shares (aggregating up to ₹11.01 Cr) |
| Fresh Issue | 3,440,000 shares (aggregating up to ₹11.01 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,371,649 |
| Share holding post issue | 12,811,649 |
| Market Maker portion | 176,000 shares Shreni Shares |
Key Performance Indicator
| KPI | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 23.62% | 19.13% | 9.67% |
| ROCE | 1.60% | 0.34% | 0.20% |
| RONW | 98.27% | 17.11% | 9.66% |
| D/E | 11.13 | 0.29 | 0.33 |
| EPS (basic & Diluted) |
24.66 | 1.71 | 0.97 |
| P/BV | 1.27 | ||
| P/E Pre IPO |
20.98 |
Company Financials
GSM Foils Limited Financial Information (Restated)
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 | Dec 2023 | Mar 2023 | Mar 2022 | 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 | 124.79 | 142.97 | 63.65 | 33.93 |
| Net Worth | 126.99 | 835.73 | 659.06 | 657.82 |
| Reserves | 124.79 | |||
| Borrowing | 1,412.95 | 242.43 | 219.20 | |
| Amount in Lakhs | ||||
About Company
Incorporated in April 2019, GSM Foils Limited specializes in the manufacture of Blister Foils and Aluminium Pharma Foils, also known as "Strip Foils," which are essential for packaging pharmaceutical medicines such as capsules and tablets. Given their direct contact with medicines, the company prioritizes the highest standards of quality. GSM Foils Limited operates a manufacturing facility located in the Sapphire Building in Thane, Vasai, Maharashtra, covering 7,973 square feet across the ground and three floors. This facility is comprehensively equipped with the necessary tools, machinery, and amenities to ensure seamless manufacturing processes, including hassle-free production, quality testing, research, storage, and packaging. The company is ISO 9001:2015 certified, reflecting its commitment to quality management. With a presence across India, GSM Foils Limited serves clients in 13 states and 1 Union territory within the domestic market. As of February 28, 2024, the company employs 39 staff members on a payroll basis.
Strength Factors
Cost-Effective Production: GSM Foils Limited ensures competitive pricing through efficient production processes, allowing for cost-effective manufacturing of high-quality blister and aluminum pharma foils.
Experienced Leadership: The company benefits from experienced promoters and a skilled management team, driving strategic growth and operational excellence.
Advanced Manufacturing Facility: Equipped with state-of-the-art tools and machinery, the well-equipped manufacturing facility in Thane, Vasai, Maharashtra, supports seamless production, quality control, and timely order fulfillment.
Risk Factors
Outstanding Litigation: The company faces certain legal challenges, and an adverse outcome in these litigations could negatively impact its business, reputation, and operational results.
Operational Interruptions: Any slowdown or shutdown of manufacturing operations at the company's facilities could severely affect its business, financial condition, and overall results.
Raw Material Supply: The absence of long-term agreements with suppliers for raw materials poses a risk of availability or quality issues, potentially disrupting production and adversely affecting the company's financial health and operations.
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