GSM Foils IPO Allotment Status, Subscription, and IPO Details

The GSM Foils IPO allotment is set for May 29, 2024, with shares priced at ₹32 each. The offering allows bidding for lots of 4000 shares or multiples thereof.
GSM Foils IPO Allotment Status, Subscription, and IPO Details

GSM Foils Limited IPO Allotment Status 

The allotment date for the GSM Foils IPO is set for May 29, 2024, with shares priced at a range of ₹32 per share and a face value of ₹10. The offering consists of lots of 4000 shares, with bids accepted for these lots or their multiples.

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GSM Foils Limited IPO Allotment Status Check 

To ascertain their allocation status for the GSM Foils Limited IPO, investors can easily navigate through steps provided on either the BSE platform or the IPO registrar Bigshare Services’s website.

IPO Allotment Status BSE 

Here are steps to check GSM Foils Limited IPO allotment status on BSE website

Step 1: Visit BSE website 

Step 2: Select ‘Equity’ under the Issue Type

Step 3: Choose GSM Foils Limited from the drop-down menu

Step 4: Enter Application No or PAN

Step 5: Click on ‘I am not a Robot’ and then hit on ‘Submit”

Steps to check GSM Foils Limited IPO allotment status on Bigshares Services website

Step 1: Visit IPO registrar website – Bigshare Services

Step 2: Select ‘GSM Foils’ from the Select Company dropdown menu

Step 3: Choose from PAN, Application No, DP/Client ID, or Account No/IFSC

Step 4: Enter the details as per the option selected

Step 5: Hit the Submit button

Your GSM Foils IPO allotment status will be reflected on the screen.

GSM Foils Limited IPO GMP Today

The GSM Foils Limited IPO GMP (Grey Market Premium) is ₹10 as of May 29.

GSM Foils Limited IPO Subscription Status 

GSM Foils IPO experienced overwhelming investor interest on Day 3, with the issue being subscribed a remarkable 240.40 times. This robust demand underscores the market’s strong confidence in the company’s potential and future growth prospects.

GSM Foils Limited IPO Details

The GSM Foils IPO, valued at ₹11.01 crore, involves issuing 3.44 million new shares at a face value of ₹10, without any offer-for-sale. The proceeds will support general corporate aims, enhance working capital, and fund the acquisition of new equipment. Bigshare Services Pvt Ltd is the registrar, with Shreni Shares Limited managing the IPO and also acting as the market maker.

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