GSM Foils Limited is coming up with an IPO, which consists of a fresh issue of 34,40,000 shares worth INR 11.01 crores. The company aims to fund machinery purchases, working capital, and general corporate purposes for growth.
GSM Foils Limited IPO – Important Dates
| GSM Foils Limited IPO Date | May 24, 2024 to May 28, 2024 |
| GSM Foils Limited IPO Listing Date | May 31, 2024 |
| GSM Foils Limited IPO Price | INR 32 per share |
| GSM Foils Limited IPO Lot Size | 4000 shares |
| GSM Foils Limited IPO Total Issue Size | INR 11.01 crores |
| GSM Foils Limited IPO Basis of Allotment | May 29, 2024 |
| GSM Foils Limited IPO Initiation of Refunds | May 30, 2024 |
| GSM Foils Limited IPO Credit of Shares to Demat | May 30, 2024 |
| GSM Foils Limited IPO Issue Type | Fixed Price Issue IPO |
| GSM Foils Limited IPO Listing At | NSE SME |
GSM Foils IPO – Company Profile
GSM Foils Limited manufactures high-quality Blister and Aluminium Pharma Foils for pharmaceutical packaging, offering various sizes and types to meet client needs, ensuring top quality for direct contact with medicines.
Aluminium Foils protect sensitive pharmaceuticals from environmental factors. They are used for capsules requiring high burst strength. Blister Foils provides unit-dose tablet packaging, ensuring secure, hygienic sealing with heat and print coatings.
They offer competitively priced, quality-tested products. With advanced manufacturing, strong vendor support, and in-house coating, laminating, and printing, they ensure efficient, cost-effective services for clients, enhancing their brand image.
GSM Foils IPO Fundamental Analysis
GSM Foils Limited Technologies’ financial analysis reveals a mixed performance. Revenue decreased over the periods, liabilities rose, profitability and EPS improved, RoNW increased, and total assets grew despite a weakening current ratio and liquidity challenges.
- Revenue Trend: The revenue decreased from ₹7,185.04 lakhs in March 2022 to ₹6,588.35 lakhs in March 2023. The revenue for the current year’s 9-month period ending December 2023 is INR 2,717.87 lakhs, falling short of last year’s benchmark.
- Equity and Liabilities: Liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹63.65 lakhs in March 2022 to ₹124.79 lakhs by December 2023. This improvement in profitability could be a source of confidence for investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹12.58 in March 2022 to ₹24.66 by December 2023, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has grown from 9.66% to 98.27%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has decreased, indicating weakening liquidity and potential challenges in meeting short-term obligations.
GSM Foils IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 December 2023 |
| Revenue (₹ in lakhs) | 7,185.04 | 6,588.35 | 2,717.87 |
| Equity (₹ in lakhs) | 659.06 | 835.73 | 126.99 |
| Expenses (₹ in lakhs) | 7,089.17 | 6,357.14 | 2,551.11 |
| Profit and Loss After Tax (₹ in lakhs) | 63.65 | 142.97 | 124.79 |
| Diluted EPS only (₹) | 12.58 | 28.25 | 24.66 |
| Return on Net Worth (%) | 9.66 | 17.11 | 98.27 |
| NAV per Equity Share (₹) | 130.25 | 165.16 | 25.10 |
| Total Assets (in lakhs) | 1,050.65 | 1,438.18 | 2,208.17 |
| Total Liabilities (in lakhs) | 391.59 | 602.45 | 2,081.18 |
| Debt-Equity Ratio | 0.33 | 0.29 | 11.13 |
| Current Ratio | 3.56 | 2.74 | 1.03 |
GSM Foils Ltd IPO Competitor Analysis
GSM Foils Limited shows solid financial ratios and profitability. Synthiko Foils Limited excels in asset management efficiency. MMP Industries Limited leads in the economic health and key performance indicators, demonstrating robust financial strength.
| Company | CMP (₹) | Face Value (₹) | P/E (₹) | EPS (Basic) (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) |
| GSM Foils Limited | 32 | 10 | 28.25 | 28.25 | 13.26 | 165.16 |
| Synthiko Foils Limited | 66.95 | 5 | 0.95 | 0.95 | 2.85 | 33.36 |
| MMP Industries Limited | 262.05 | 10 | 7.28 | 7.28 | 8.22 | 91.68 |
GSM Foils Limited IPO Objective
The main objective of GSM Foils Limited is to fund capital expenditure for purchasing plant and machinery and to support the company’s working capital requirements, ensuring operational efficiency and sustained growth.
- Funding of capital expenditures towards the purchase of Plant and Machinery: The company intends to utilize INR 1.11 crore from the Net Proceeds to purchase additional plant and machinery, enhancing production capacity, efficiency, and quality and thereby meeting growing customer demand and operational goals.
- Funding Working Capital Requirement: The company aims to utilize INR 7.06 crore from the Net Proceeds for working capital requirements to expand business activities, supported by existing bank facilities totaling INR 5 crore as of December 31, 2023.
- General Corporate Purposes: The company will allocate the balance funds of INR 2.22 crores to general corporate goals, including operating expenses, project development, business development, marketing, unforeseen contingencies, and other approved purposes by the Board.
GSM Foils Limited IPO Risks
GSM Foils Limited’s risk includes potential financial implications from litigation, operational disruptions due to equipment failures, accidents, regulatory issues, and susceptibility to external factors affecting manufacturing operations and economic performance.
- The company discloses litigation matters with potential financial implications. Uncertainty exists regarding outcomes, and additional liabilities may arise. Legal actions from various stakeholders, including employees and regulatory bodies, could impact the company’s operations and finances.
- The company’s manufacturing operations face risks, including equipment breakdowns, accidents, regulatory notices, and labor disputes. Any disruptions could lead to operational delays and financial losses and affect business continuity.
- The company’s manufacturing unit in Mumbai, Maharashtra, faces operational risks, including equipment failure, power loss, and compliance issues. External factors like civil disruptions or government policies could further impact operations and financial performance.
GSM Foils Limited IPO – Industry & Market Potential
With robust growth, India’s manufacturing exports reached a record high of US$ 447.46 billion in FY23. By 2030, India’s middle class will have significant global consumption. Capacity utilization in the manufacturing sector shows notable recovery.
The Indian packaging industry, valued at USD 50.5 billion in 2019, is forecasted to reach USD 204.81 billion by 2025, driven by strong growth rates, favorable investment climate, and expanding export opportunities.
The Indian pharmaceutical sector is positioned as a critical player in the global market, with exponential growth expected. Projections indicate a market size of US$65 billion by 2024 and a substantial increase to US$130 billion by 2030, driven by robust exports and innovative advancements.
GSM Foils Ltd IPO – Type of Offer
GSM Foils Limited is coming up with an IPO, which consists of a fresh issue of 34,40,000 shares worth INR 11.01 crores. The company aims to fund machinery purchases, working capital, and general corporate purposes for growth.
GSM Foils Limited IPO Offer Size
The offer size of GSM Foils Limited is INR 11.01 crores, consisting of a fresh issue of 34,40,000 shares. The company seeks to fund machinery purchases, working capital, and general corporate purposes for growth.
GSM Foils IPO Allotment Structure
GSM Foils Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 176,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 176,000 shares for this purpose.
How to apply for a GSM Foils Limited IPO?
To apply for the GSM Foils Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the GSM Foils Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the GSM Foils Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check GSM Foils Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the GSM Foils Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the GSM Foils Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the GSM Foils Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the GSM Foils Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Enterprise (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
GSM Foils Limited Ltd IPO Offer Registrar
The registrar for the GSM Foils Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri East,
Mumbai – 400 093, Maharashtra, India
Tel: 022 – 6263 8200
E-mail: [email protected]
Website: www.bigshareonline.com
GSM Foils Limited Limited IPO – FAQs
The allotment date of the GSM Foils Limited Limited IPO is May 29, 2024.
The price band of the issue is INR 32 per share.
The offer size of GSM Foils Limited is INR 11.01 crores, consisting of a fresh issue of 34,40,000 shares. The company seeks to fund machinery purchases, working capital, and general corporate purposes for growth.
The listing date of HOAC Foods IPO is May 31, 2024.
