GSM Foils Limited

Company Name	GSM Foils Limited
Open Date	24-05-2024
Close Date	28-05-2024
Exchange	NSE SME
Lot Size	4000 Shares
Issue Price	₹32 per share
Issue Size	34,40,000 shares
Application Amount	₹1,28,000
Recommendation	Avoid

GSM Foils Limited was incorporated in August 2019 as an LLP with its registered office in Thane, Maharashtra. The company manufactures Blister Foils and Aluminium Pharma Foils which are mostly used in the packing of capsules, tablets, etc. The Company has a wide presence by serving across 13 States and 1 Union Territory. As of February 28, 2024, the company had a total of 39 employees on its payroll.

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Financial Summary in Lakhs

For the Period Ended	Mar-21	Mar-22	Mar-23	Dec-23
Total Assets	720.58	1,050.66	1,438.20	2,208.16
Net Assets	657.82	659.06	835.73	126.99
Total Borrowings	-	219.20	242.43	1,412.95
Total Revenue	3,646.23	7,185.04	6,588.68	2,717.87
Profit After Tax	33.92	63.65	142.97	124.79

Tentative Timeline

Opening Date	24-05-2024
Closing Date	28-05-2024
Basis of Allotment	29-05-2024
Initiation of Refunds	30-05-2024
Credit of Shares to Demat	30-05-2024
Listing Date	31-05-2024

Objects of the Issue

Funding of capital expenditure towards the purchase of Plant and machinery.

Funding Working Capital Requirements of the company.

General corporate purposes.

Contact Information

Registered Office	GSM Foils Limited Gala No 06/106/206/306, Sapphire Building Diamond Industrial Estate, Vasai East IE, Thane- 401208
Phone	+9184689 68102
Email	investors@gsmfoils.com
Website	https://www.gsmfoils.com/

Offer Documents

GSM Foils IPO DRHP

GSM Foils IPO RHP

Registrar Details

Name	Bigshare Services Pvt Ltd
Phone	+91-22-6263 8200
Email	ipo@bigshareonline.com
Website	https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Retail Shares Offered	50% of the Net Issue
Other Shares Offered	50% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters)	99.99%
Share Holding Post Issue (Promoters)	73.14%