GSM Foils Limited

Company Profile
Company Name GSM Foils Limited
Open Date 24-05-2024
Close Date 28-05-2024
Exchange NSE SME
Lot Size 4000 Shares
Issue Price ₹32 per share
Issue Size 34,40,000 shares
Application Amount ₹1,28,000
Recommendation Avoid
GSM Foils Limited was incorporated in August 2019 as an LLP with its registered office in Thane, Maharashtra. The company manufactures Blister Foils and Aluminium Pharma Foils which are mostly used in the packing of capsules, tablets, etc. The Company has a wide presence by serving across 13 States and 1 Union Territory. As of February 28, 2024, the company had a total of 39 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 720.58 1,050.66 1,438.20 2,208.16
Net Assets 657.82 659.06 835.73 126.99
Total Borrowings - 219.20 242.43 1,412.95
Total Revenue 3,646.23 7,185.04 6,588.68 2,717.87
Profit After Tax 33.92 63.65 142.97 124.79

Tentative Timeline

Opening Date 24-05-2024
Closing Date 28-05-2024
Basis of Allotment 29-05-2024
Initiation of Refunds 30-05-2024
Credit of Shares to Demat 30-05-2024
Listing Date 31-05-2024

Objects of the Issue

Funding of capital expenditure towards the purchase of Plant and machinery.
Funding Working Capital Requirements of the company.
General corporate purposes.

Contact Information

Registered Office GSM Foils Limited Gala No 06/106/206/306, Sapphire Building Diamond Industrial Estate, Vasai East IE, Thane- 401208
Phone +9184689 68102

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Retail Shares Offered 50% of the Net Issue
Other Shares Offered 50% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 99.99%
Share Holding Post Issue (Promoters) 73.14%

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