GSM Foils Ltd.

GSMFOILS

Equity

NSE

Min. Investment

₹ 32,000.00

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IPO Details

Bidding Dates

24 May 24 - 28 May 24

Price Range ₹

32 - 0

Total Equity

₹ 11.01Cr

Lot Size

4000

Exchange Status

NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

0.00×

Qualified Institutional Buyers

0.00×

Employees

0.00×

Retail Investors

0.00×

Total subscription Rate

0.00×

IPO Timeline

  1. Offer start

    24 May 2024

  2. Offer end

    28 May 2024

  3. Allotment

    29 May 2024

  4. Refund initiation

    30 May 2024

  5. Demat transfer

    30 May 2024

  6. Listing

    31 May 2024

About Company

Established in April 2019, GSM Foils Limited specializes in the production of Blister Foils and Aluminium Pharma Foils, also known as "Strip Foils," which are used for packaging pharmaceutical medicines such as capsules and tablets. As these foils are primary packaging materials that come into direct contact with the medicine, the company ensures their high quality. GSM Foils Limited operates a manufacturing facility located in the Sapphire Building in Thane, Vasai, Maharashtra. The facility spans 7,973 square feet across the ground floor and three additional floors. It is fully equipped with the necessary tools, machinery, and amenities to support efficient manufacturing processes, including production, quality testing, research, storage, and packaging. The company holds an ISO 9001:2015 certification, underscoring its commitment to quality standards. GSM Foils Limited has a nationwide presence, serving clients in 13 states and 1 Union Territory across India.

Year Founded

27-06-2023

Promotor Details

Sagar Girish Bhanushali

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage99.9973.14
Share Capital93709599370959

Offer to Public

34,40,000.00 Cr

Project Details

  • Funding of capital expenditure towards purchase of Plant and Machineries - 11.11cr
  • Funding Working Capital Requirements of our Company - 70.57cr
  • General Corporate Purpose - 22.23cr

Objectives

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

Highlights

  • The company excels in maintaining cost-effective production processes while ensuring timely fulfillment of orders, which enhances customer satisfaction and operational efficiency.
  • GSM Foils Limited benefits from a team of experienced promoters and a skilled management team, providing strong leadership and strategic direction for the company.
  • The company’s manufacturing facility is fully equipped with modern tools, machinery, and amenities, supporting seamless production processes, quality assurance, research, and packaging.
  • GSM Foils Limited is committed to maintaining high-quality standards, as evidenced by its ISO 9001:2015 certification. This focus on quality ensures the reliability and safety of its products, crucial for pharmaceutical packaging.
  • The company offers a diverse range of Blister Foils and Aluminium Pharma Foils, catering to various packaging needs of the pharmaceutical industry. This product diversity helps in addressing different market segments and customer requirements.

Challenges

  • GSM Foils Limited faces several outstanding litigations, and adverse outcomes could negatively impact its business, reputation, and operational results. Legal actions from employees, regulatory bodies, or other stakeholders pose a significant risk to the company's financial stability.
  • The company’s manufacturing operations are vulnerable to equipment failures, power losses, accidents, regulatory notices, and labor disputes. Any such disruptions could cause operational delays, financial losses, and hinder business continuity.
  • The company’s manufacturing facility is located solely in Mumbai, Maharashtra. Any inability to operate or expand within this region due to local disruptions, regulatory challenges, or other factors could adversely affect its business, financial condition, and growth prospects.
  • GSM Foils Limited does not have long-term agreements with its suppliers for raw materials. Any shortage or decline in the quality of these materials could disrupt production and negatively impact the company's financial condition and operational results.
  • The company relies heavily on a few key customers for a significant portion of its revenue. Without long-term contracts with these customers, the loss of one or more major clients could severely affect the company’s business, financial condition, and operational results.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20241,997.16937.16965.09965.097.5329
20256,139.901,281.16965.09965.097.5329