GSM Foils Limited (NSE SME)

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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

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Last updated on 28-May-2024 17:00:03

CategoryOfferedAppliedTimes
NIB1632000423704000259.62
RETAIL1632000403128000247.01
Total3264000826832000253.32
Retail Apps100782© 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

About

Category Lot(s) Qty Amount Reserved
Retail 1 4000 128000 408
HNI 2 8000 256000 408
GSM Foils IPO Reservation
Investor CategoryShares OfferedNo. of Shares
Retail47.4%1632000
Other47.4%1632000
Market Maker5.1%176000
Total No. of Shares100.0%3440000
GSM Foils IPO Details
Issue Size3,440,000 shares
(aggregating up to ₹11.01 Cr)
Fresh Issue3,440,000 shares
(aggregating up to ₹11.01 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Share holding pre issue9,371,649
Share holding post issue12,811,649
Market Maker portion176,000 shares
Shreni Shares
Key Performance Indicator
KPIDec-23Mar-23Mar-22
ROE23.62%19.13%9.67%
ROCE1.60%0.34%0.20%
RONW98.27%17.11%9.66%
D/E11.130.290.33
EPS
(basic & Diluted)
24.661.710.97
P/BV1.27
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.

PeriodDec 2023Mar 2023Mar 2022Mar 2021
Assets2,208.181,438.181,050.65720.57
Revenue2,717.876,588.697,185.043,646.23
Profit124.79142.9763.6533.93
Net Worth126.99835.73659.06657.82
Reserves124.79
Borrowing1,412.95242.43219.20
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.

Strength

Weakness

Lead Manager(s)

Address

GSM Foils Limited
Gala No 06/106/206/306, Sapphire Building
Diamond Industrial Estate, Vasai East IE,
Thane- 401208
Phone: +9184689 68102
Email: investors@gsmfoils.com
Website: https://www.gsmfoils.com/

Registrar

Bigshare Services Pvt Ltd
Address: Bigshare Services Pvt Ltd 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis,Makwana Road, Marol, Andheri(E), Mumbai - 400 059