GSM Foils IPO Date, Review, Price, Allotment Details (2024)

• IPOWatch Team
• May 21, 2024
• . . No Comments

• IPOWatch Team
• . . No Comments

Table of Contents

GSM Foils Limited is engaged in the business of manufacturing Blister Foils and Aluminium Pharma Foils (also known as “Strip Foils”) which are used in the packing of pharmaceutical medicines including capsules and tablets. This is a primary packaging material that comes in direct contact with the medicine, hence, utmost care is taken about its quality. Over the past few years, they have acquired definite know-how in different types of foils used in pharmaceutical companies. They offer Aluminium foils in different sizes, shapes, and thicknesses to meet the diverse needs of their clients. The range of their products includes plain and printed aluminum foils and strip foils along with alu alu base foils and it ranges from 0.020/ 0.025/ 0.030/ 0.040 micron for coated /ploy laminated/ blister/ strip printed foils.

They are offering products that are quality tested as per industrial standards. As an ISO 9001:2015 certified company, they aim to provide products at a competitive price, therefore, they have invested in suitable manufacturing techniques and have presented a wide assortment of highly demanded products. owing to the allied support of industry-recognized vendors they can source the inventory of raw materials and produce quality products that augment their brand image. With the inhouse capacity of the Coating, laminating, and printing process, they provide their client with quick and cost-effective services, which help them reduce their downtime and execute their packaging line in a systematic manner.

They have developed a manufacturing facility at Gala No 06/106/206/306, Sapphire Building, Diamond Industrial Estate, Vasai East IE, Thane, Vasai, Maharashtra, India, 401208 in 7,973 Sq. feet area with ground plus 3 floors for smooth execution of all the business operations. Their manufacturing facilities are equipped with the necessary tools, machinery, other equipment, and amenities, to support a seamless manufacturing process, hassle-free production, Quality testing, research, storage, and packaging. All their machineries are periodically upgraded and lubricated with experienced personnel to retain the production rate.

Objects of the Issue:

• Funding of capital expenditure towards purchase of Plant and Machineries.
• Funding Working Capital Requirements of our Company
• General Corporate Purpose

GSM Foils IPO Review

• May Apply

GSM Foils IPO Date & Price Band Details

GSM Foils IPO Market Lot

The GSM Foils IPO minimum market lot is 4000 shares with a ₹128,000 application amount.

GSM Foils IPO Dates

The GSM Foils IPO date is May 24 and the IPO close date is May 28. The IPO allotment date is May 29 and the IPO might list on May 31.

You can check IPO subscription status and IPO allotment status on their respective pages.

GSM Foils IPO Form

How to apply GSM Foils IPO? You can apply GSM Foils IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the GSM Foils IPO in the Invest section. The other option you can apply GSM Foils IPO via IPO forms download via the NSE website. Check out the GSM Foils forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.

GSM Foils Company Financial Report

GSM Foils IPO Valuation – FY2023

Check GSM Foils IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Synthiko Foils Limited
• MMP Industries Limited

• Mr. Sagar Girish Bhanushali
• Mr. Mohansingh L Parmar

GSM Foils IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [emailprotected]
Website: http://www.bigshareonline.com

GSM Foils IPO Allotment Status

Check GSM Foils IPO allotment status on Bigshare website URL. Click Here

GSM Foils IPO Lead Managers aka Merchant Bankers

• Shreni Shares Limited

Company Address

GSM Foils Limited
Gala No 06/106/206/306, Sapphire Building,
Diamond Industrial Estate, Vasai East IE,
Thane, Maharashtra, India, 401208
Phone:+9184689 68102
E-mail:[emailprotected]
Website:www.gsmfoils.com

GSM Foils IPO FAQs

Note: The GSM Foils IPO details are announced officially. The IPO grey market premium (GSM Foils IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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