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Open
14 Mar 2023
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Close
16 Mar 2023
3
Allotment
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Listing
Fri, Mar 24, 2023
Price Band
₹60 per share
Issue Size
7,54,000 shares (agg. up to ₹5 Cr)
Lot Size
2,000 Shares
Listing Date
Fri, Mar 24, 2023
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 359.53x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 71.35 | 78.35 | 65.37 | 66.07 |
| Total Income | 104.72 | 180.31 | 124.37 | 152.11 |
| Profit After Tax | 2.06 | 1.62 | 0.96 | 1.08 |
| NET Worth | 22.37 | 20.31 | 18.69 | 17.74 |
| Reserves and Surplus | 20.97 | 18.91 | 17.29 | 16.34 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Earthstahl & Alloys Ltd. | SME | ₹12.96 Cr | ₹40 | 4.22 | ₹57.75 | +44.38% | ₹14.92 (+0.00%) |
| Swastik Pipe Ltd. | SME | ₹62.52 Cr | ₹100 | 11.38 | ₹69.30 | -30.70% | ₹17.10 (+4.91%) |
| Rhetan TMT Ltd. | SME | ₹56.00 Cr | ₹70 | 63.64 | ₹66.50 | -5.00% | ₹30.88 (+2.29%) |
| Mangalam Worldwide Ltd. | SME | ₹65.58 Cr | ₹101 | 20.12 | ₹102.55 | +1.53% | ₹36.65 (-0.54%) |
| Venus Pipes & Tubes Ltd. | Mainboard | ₹165.42 Cr | ₹326 | 21.03 | ₹354.35 | +8.70% | ₹1,813.00 (+2.94%) |
| Hariom Pipe Industries Ltd. | Mainboard | ₹130.05 Cr | ₹153 | 15.15 | ₹231.00 | +50.98% | ₹401.30 (-1.59%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements towards purchase of machinery | 1.51 |
| 2 | To meet the working capital requirements of the Company | 2.25 |
| 3 | General Corporate Purpose; and | 0.36 |
About Quality Foils IPO
Incorporated in 1990, Quality Foils (India) Limited is engaged in the manufacturing and exporting of Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible Hoses/pipes. The company uses raw materials of premium quality i.e. Hot Rolled Stainless Steel Coils/Strips mainly from Jindal Stainless Hissar Limited. Quality Foils is among India's prospering manufacturers and exporters of Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible hose pipes. The entity has over three decades of experience in manufacturing stainless steel products. The deliverables of Quality Foils (India) Limited are offered under the brand name "Quality". Quality Foils (India) Limited products are sold both in the domestic as well as international markets. The company have exported its products to more than seven countries, including Germany, the UK, the Philippines, Sri Lanka, Turkey, Poland and Bogota Colombia. The company has one manufacturing plant located in Hisar, Haryana. Manufacturing Facility have a total installed capacity of 12,000 MT per annum for CR Stainless steel coils/strips and 2,00,000 meters per annum for SS Hose pipes.+ Read More
Contact Details
Quality Foils (India) Ltd. Address3, Industrial Development ColonyHisar, Haryana, 12500501662-220327, 28cs@qualityfoils.comVisit Website