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GSM Foils Limited IPO

GSM Foils Limited IPO

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Listed Price: ₹ 32.00 (+0.00%)

GSM Foils Limited's completed its IPO journey with a successful listing on NSE on 31-05-2024. The public offering mobilized 34,40,000 Shares in total capital, comprising 34,40,000 Shares in fresh equity.

The offering was conducted within the price band of ₹32 to ₹32, with minimum application lots of 4000 shares. Investor participation during the 24-05-2024 to 28-05-2024 subscription window determined the final allocation pattern.

The basis of allotment was announced on 29-05-2024, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.

GSM Foils IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
GSM Foils IPO Key Performance Indicator
Company Financials ( In Lakhs )

GSM Foils IPO About Company

GSM Foils Limited started in April 2019 and specializes in making Blister Foils and Aluminium Pharma Foils (also called Strip Foils) used to pack medicines like capsules and tablets. Since these foils directly touch medicines, the company follows top-quality standards to ensure safety. Their manufacturing unit is located in the Sapphire Building, Thane, Vasai, Maharashtra, spread across 7,973 sq. ft. with advanced machinery for production, testing, research, storage, and packaging — all under one roof. The company holds an ISO 9001:2015 certification, proving its dedication to quality. GSM Foils serves customers across 13 states and 1 Union Territory in India, with 39 employees as of February 28, 2024.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


GSM Foils IPO Strength Factors

  1. Affordable Production: GSM Foils Limited offers high-quality blister and aluminum pharma foils at competitive prices through efficient manufacturing processes.
  2. Experienced Team: The company is led by experienced promoters and a skilled management team, ensuring smart business growth and smooth operations.
  3. Modern Manufacturing Facility: The advanced facility in Thane, Vasai, Maharashtra, is equipped with the latest machinery, ensuring top-notch quality, seamless production, and on-time delivery.

GSM Foils IPO Risk Factors

  1. Legal Issues: The company is dealing with some legal cases, and if the outcome is not in its favor, it could harm its business, reputation, and profits.
  2. Factory Operations: Any slowdown or temporary shutdown of the company's manufacturing units could seriously impact its business, finances, and overall performance.
  3. Raw Material Supply: The company doesn't have long-term contracts with raw material suppliers, which could lead to supply shortages or quality issues, affecting production and business performance.

GSM Foils IPO Lead Manager(s)

  • Shreni Shares Limited

GSM Foils IPO Promoter(s)

  1. Mr. Sagar Girish Bhanushali
  2. Mr. Mohansingh L Parmar

GSM Foils IPO Company Details

GSM Foils Limited
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address:

GSM Foils IPO Registrar

Bigshare Services Private Limited
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Phone:

GSM Foils IPO FAQs