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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹11.01 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹11.01 Cr |
| Fresh Issue | ₹10.44 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹32.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | GSMFOILS |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Shreni Shares Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 4,000 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
| 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 | ||||
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 23.62% |
| ROCE | 1.60% |
| Debt / Equity | 11.13% |
| RoNW | 98.27% |
| PAT Margin | 4.59% |
| Price to Book Value | 1.27 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 1.53 | 1.30 |
| P/E (x) | 20.98 | 24.64 |
| Promoter Holding | 99.99% | 73.14% |
| Market Cap | ₹41.00 Cr. | |
