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Open
24 May 2024
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Close
28 May 2024
3
Allotment
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Listing
Fri, May 31, 2024
Price Band
₹32 per share
Issue Size
34,40,000 shares (agg. up to ₹11 Cr)
Lot Size
4,000 Shares
Listing Date
Fri, May 31, 2024
Latest GMP
₹6
Est. Gain
18.75%
✦ AI Insight
GMP Trend
31-05-2024₹6Est. ₹38+18.75%
30-05-2024₹6Est. ₹38+18.75%
29-05-2024₹5Est. ₹37+15.62%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 249.89x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 22.08 | 14.38 | 10.51 | 7.21 |
| Total Income | 27.18 | 65.89 | 71.85 | 36.46 |
| Profit After Tax | 1.25 | 1.43 | 0.64 | 0.34 |
| NET Worth | 1.27 | 8.36 | 6.59 | 6.58 |
| Reserves and Surplus | 1.25 | |||
| Total Borrowing | 14.13 | 2.42 | 2.19 | |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Purv Flexipack Ltd. | SME | ₹40.21 Cr | ₹71 | 13.17 | ₹247.00 | +247.89% | ₹48.00 (-1.64%) |
| Kahan Packaging Ltd. | SME | ₹5.76 Cr | ₹80 | 7.74 | ₹159.60 | +99.50% | ₹78.70 (-5.00%) |
| Pyramid Technoplast Ltd. | Mainboard | ₹153.05 Cr | ₹166 | 16.21 | ₹177.65 | +7.02% | ₹160.93 (-2.26%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure towards purchase of Plant and Machineries | 1.11 |
| 2 | Funding Working Capital Requirements of the Company | 7.06 |
| 3 | General Corporate Purpose | 2.22 |
About GSM Foils IPO
Incorporated in April 2019, GSM Foils Limited manufactures Blister Foils and Aluminium Pharma Foils, also known as "Strip Foils," used for packaging pharmaceutical medicines such as capsules and tablets. These foils are primary packaging materials that come into direct contact with the medicine, so utmost care is taken to ensure their quality. The company has established a manufacturing facility at Sapphire Building in Thane, Vasai, Maharashtra, covering an area of 7,973 square feet across the ground plus 3 floors. The manufacturing facilities are fully equipped with tools, machinery, and amenities necessary to support seamless manufacturing processes, hassle-free production, quality testing, research, storage, and packaging. The company is ISO 9001:2015 certified company. The company has a presence across India with clients in 13 states and 1 Union territory in the domestic market. As of February 28, 2024 the company has 39 employees on payroll basis.+ Read More
Contact Details
GSM Foils Ltd. AddressGala No 06/106/206/306, Sapphire BuildingDiamond Industrial EstateVasai East IE, Dist.PalgharPalghar, Maharashtra, 401208+9184689 68102investors@gsmfoils.comVisit Website