GSM Foils Limited IPO subscription: Know in-detail insights
Introduction to GSM Foils Limited
GSM Foils Limited specifies the packaging foil production for the pharmaceutical sector. GSM Foils Limited manufactures packaging materials that directly interact with pharma products. This operates in 13 states including one Union Territory.
The Initial Public Offering (IPO) subscription time for GSM Foils Limited is planned to begin on Friday, May 24, and conclude on Tuesday, May 28. The status of the allotment of GSM Foils Limited IPO shares will be confirmed by Wednesday, May 29.
The Initial Public Offering (IPO) for GSM Foils Limited is set to be held on Friday, May 24. The company intends to raise a total of ₹11.01 crore through this Initial Public Offering.
GSM Foils Limited IPO Price Band
The price band and minimum investment amount for retail investors is set at ₹32.00 per share. For HNIs, the minimum investment amount is ₹1.28,000 per lot. The minimum offer size for HNIs is 2 lots of ₹8,000 per lot, amounting to ₹2.56,000 per share.
The GSM Foils Limited IPO is a fresh issue with a total share amount of 34.4 lakh. The total face value of the IPO is ₹10.
GSM Foils Limited has allocated 50% of the total net offer size to retail investors, while the remaining 50% will be allocated to other investors.
GSM Foils IPO dates
The IPO subscription period for GSM Foils Limited is set to begin on Friday, May 24, and conclude on Tuesday, May 28. The status of the allotment of GSM Foils Limited IPO shares is expected to be confirmed by Wednesday, May 29.
Successful bidders will be issued the shares in their demat accounts by May 30. It is anticipated that GSM Foils Limited shares will be made available on the NSE SME platform by May 31.
The lead manager and market maker for this issue is Shreni Shares Limited, while Bigshare Services Pvt Ltd serves as the registrar for the issue.
Objectives of GSM Foils Limited IPO
The funds generated from this public offering will be allocated towards capital expenditures for acquiring plant and machinery. Furthermore, these funds will be utilized to meet the company’s working capital needs and for various general corporate activities.
GSM Foils Ltd. Financial Details
9MFY24
- Revenue: RS 27.18 Crore
- Net Profit: Rs 1.25 Crore
- Net Worth: Rs 1.27 Crore
FY 21
- Revenue: Rs 36.46 Crore
- Net Profit: RS 0.34 Crore
- Net Worth: RS 6.58 Crore
FY22
- Revenue: RS 71.85 Crore
- Net Profit: RS 0.63 Crore
- Net Worth: RS 6.59 Crore
FY23
- Revenue: RS 65.89 Crore
- Net Profit: RS 1.43 Crore
- Net Worth: RS 8.36 Crore
Hence, the GSM Foils IPO subscription period is ready to begin on Friday, May 24, and will wrap on Tuesday, May 28. The status of the allotment of GSM Foils Limited IPO shares is expected to be confirmed by Wednesday, May 29.
