URL copied to clipboard

Trending News

GSM Foils Makes Quiet Entry, Lists at IPO Price, Climbs 3% Post-Launch

GSM Foils had a quiet debut on the NSE SME, opening at ₹32. After a subdued start, its share price modestly rose by over 3% during the initial trading.
GSM Foils Makes Quiet Entry, Lists at IPO Price, Climbs 3% Post-Launch
GSM Foils Makes Quiet Entry, Lists at IPO Price, Climbs 3% Post-Launch

GSM Foils experienced a subdued debut on the NSE SME, launching at its initial offering price of ₹32. Despite a quiet start, the share price of GSM Foils modestly increased by over 3% following its initial trading period.

Trade Intraday, Equity and Commodity in Alice Blue and Save 33.3% Brokerage.

GSM Foils IPO, open from May 24 to 28, 2024 with a price of ₹32 per share and a face value of ₹10, had a lot size of 4,000 shares. It was oversubscribed 257.30 times by day 3, with retail at 247.10 and NII at 259.51 times.GSM Foils Limited specialises in producing Blister and Aluminium Pharma Foils for pharmaceutical packaging, providing various sizes and types tailored to client requirements. These foils protect medications from environmental damage and ensure hygienic sealing for unit-dose tablets. They maintain competitive prices and high quality, supported by advanced manufacturing, strong vendor relationships, and comprehensive in-house coating, laminating, and printing capabilities.GSM Foils Limited aims to invest INR 1.11 crore in plant and machinery, INR 7.06 crore for working capital, and INR 2.22 crore for general corporate purposes, ensuring production efficiency, business expansion, and operational growth.

Loading
Read More News
स्टॉक चर्चा में आया: SBI, AXIS और ICICI म्यूचुअल फंड के कंपनी में ब्लॉक डील के जरिए हिस्सेदारी खरीदने से।

स्टॉक चर्चा में आया: SBI, AXIS और ICICI म्यूचुअल फंड के कंपनी में ब्लॉक डील के जरिए हिस्सेदारी खरीदने से।

बड़ी म्यूचुअल फंड्स द्वारा महत्वपूर्ण ब्लॉक डील और हिस्सेदारी खरीदी से कंपनी के भविष्य प्रदर्शन पर सकारात्मक दृष्टिकोण और बढ़ती