GSM Foils SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the GSM Foils IPO. Explore GSM Foils IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
GSM Foils Limited is a leading manufacturer of blister foils and aluminum pharma foils, essential packaging materials for pharmaceutical medicines, including capsules and tablets. Originally formed as GSM Foils LLP in April 2019, the company transitioned to GSM Foils Private Limited in June 2023 and subsequently became a public limited company in September 2023. The company focuses on providing high-quality packaging solutions that ensure the protection and preservation of pharmaceutical products. GSM Foils Limited operates from a well-equipped manufacturing facility in Vasai, Maharashtra, and maintains a strong presence across India with a diverse client base.
Key Points:
- Products: Offers a variety of Aluminium foils including plain, printed, and strip foils, with thickness ranging from 0.020 to 0.040 microns, catering to the pharmaceutical sector.
- Manufacturing Facility: Located in Vasai, Maharashtra, the facility spans 7,973 Sq. feet with advanced tools and machinery for efficient production.
- Leadership: Led by Mr. Sagar Girish Bhanushali and Mr. Mohansingh L Parmar, who bring 4 years of expertise in the industry.
- Market Presence: Has a PAN India presence, serving clients across 13 states and 1 Union territory.
- Raw Materials: GSM Foils Limited sources its principal raw materials, including aluminium foils, LDPE films, and various chemicals, from a network of reliable suppliers across 11 states and 2 union territories in India, ensuring consistent quality without relying on long-term contracts.
- Business Strategy: Focuses on quality, competitive pricing, and quick service to reduce client downtime and enhance packaging efficiency.
Objects of the Issue
- Purchase of Plant and Machinery for Existing Manufacturing facility
- Funding Working Capital Requirements of the Company
- General Corporate Purpose
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 24 May - 28 May 2024 |
| IPO Price Band | ₹ 32 per share |
| Fresh Issue | Upto 34,40,000 Shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹ 11.01 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 24 May 2024 |
| IPO Closing Date | 28 May 2024 |
| Basis Of Allotment | 29 May 2024 |
| Refunds | 30 May 2024 |
| Demat Transfer | 30 May 2024 |
| IPO Listing Date | 31 May 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| Total Income | 36.46 | 71.85 | 65.89 | 27.18 |
| Total Expenses | 35.95 | 70.89 | 63.57 | 25.51 |
| Net Profit/Loss | 0.34 | 0.64 | 1.43 | 1.25 |
| NPM (*) | 0.93 | 0.89 | 2.17 | 4.59 |
| Total Assets | 7.21 | 10.51 | 14.38 | 22.08 |
| Total Liabilities | 0.63 | 3.92 | 6.02 | 20.81 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| EPS | 6.71 | 12.58 | 28.25 | 24.66 |
| ROE (%) | 5.30 | 9.67 | 19.13 | 23.62 |
| ROCE (%) | 0.11 | 0.20 | 0.34 | 1.60 |
| D/E Ratio | NA | 0.33 | 0.29 | 11.13 |
| Current Ratio | 10.83 | 3.56 | 2.74 | 1.03 |
| EBITDA MARGIN (%) | 1.98 | 1.83 | 4.31 | 7.46 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| GSM Foils Limited | 65.88 | 1.13 | 28.25 | 13.26 | 165.16 |
| Synthiko Foils Limited | 538.29 | 70.47 | 0.95 | 2.85 | 33.36 |
| MMP Industries Limited | 25.65 | 36.0 | 7.28 | 8.22 | 91.68 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 259.51 |
| Retail Individual Investor (RII) | 247.1 |
| Total | 257.3 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- MR. SAGAR GIRISH BHANUSHALI
- MR. MOHANSINGH L PARMAR
Lead Managers
- Shreni Shares Limited
Company Address
GSM Foils Limited
Gala No 06/106/206/306, Sapphire Building, Diamond Industrial Estate, Vasai East IE, Thane, Maharashtra, India, 401208
Phone: +9184689 68102
Email: investors@gsmfoils.com
Website: www.gsmfoils.com
FAQs
- What is the issue size of the GSM Foils SME IPO?The GSM Foils SME IPO has an issue size of ₹ 11.01 crore. This includes a fresh issue of Upto 34,40,000 Shares and an offer for sale (OFS) of NIL.
- What is the price band of the GSM Foils IPO?The price band for the GSM Foils IPO is ₹ 32 per share.
- What are the bidding dates for the GSM Foils IPO?The GSM Foils IPO will open for bidding on 24 May 2024 and close on 28 May 2024.
- What is the allotment date for the GSM Foils IPO?The allotment date for the GSM Foils IPO is 29 May 2024.
- What is the listing date for the GSM Foils IPO?The listing date for the GSM Foils IPO is 31 May 2024.
- What is the GSM Foils IPO grey market premium?The grey market premium (GMP) for the GSM Foils IPO is currently at ₹6, with an expected listing gain of approximately 18.75%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.