GSM Foils Limited

GSMFOILS

₹32-32

per share

Bidding Dates
24-28 May
Min. Investment
₹1,28,000.00
Lot Size
4000 shares
Issue Size
₹11.01 Cr

IPO Timeline

Bidding starts

24 May ‘24

Bidding ends

28 May ‘24

Allotment finalisation*

29 May ‘24

Refund initiation*

30 May ‘24

Demat transfer

30 May ‘24

Listing

31 May ‘24

* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

About GSM Foils Limited

Incorporated in 2019, GSM Foils Limited engaged in the business of manufacturing Blister Foils and Aluminium Pharma Foils (also known as “Strip Foils' ') which is used in packing of pharmaceutical medicines which includes capsules and tablets. This is a primary packaging material which comes in direct contact with the medicine, hence, utmost care is taken with regards to its quality. Over the past few years, they have acquired definite know-how in different types of foils used in pharmaceutical companies. They offer aluminium foils in different sizes, shapes and thickness to meet diverse needs of their clients. The range of their products includes plain and printed aluminium foils and strip foils along with alu alu base foils and it ranges from 0.020/ 0.025/ 0.030/ 0.040 micron for coated /ploy laminated/ blister/ strip printed foils.

Aluminium Foil or Strip Foils are one of the packaging options for highly sensitive pharmaceutical products that protects the medicines from oxygen, moisture, and other environmental influences. These foils are used in packaging of capsules which requires more bursting strength as they are bigger in size and are used to create a push-through closure with lid film where tablets and capsules are protected perfectly and hygienically.

Blister Foils are commonly used as unit-dose packaging for pharmaceutical tablets. Blister foils are suitable for hard packing of medical and pharmaceutical products. It is heat seal coated on the bright side and print-treat coated on the matte side the primary component of blister packs are made from “Formable” web, either plastic or aluminium, the formed cavity or pocket contains the product and the “lidding” seals the product in the package.

They have invested in suitable manufacturing techniques and have presented a wide assortment of highly demanded products. owing to the allied support of industry recognized vendors we are able to source the inventory of raw material and produce quality products that augment our brand image. With inhouse capacity of Coating, laminating and printing process, we provide their client quick and cost-effective services, which help them reduce their down time and execute their packaging line in a systematic manner

GSM Foils Limited, Prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives:

Funding of capital expenditure towards the purchase of Plant and Machineries.
Funding Working Capital Requirements of the company.
General corporate purposes.

Here are key details about the GSM Foils Limited IPO:

Company Name	GSM Foils Limited	GSM Foils Limited IPO Opening Date	May 24, 2024
Company Established On	2019	GSM Foils Limited IPO Allotment Status	May 29, 2024
GSM Foils Limited IPO Closing Date	May 28, 2024	GSM Foils Limited IPO Listing Date	May 31, 2024
Credit of Shares to the Demat Account	May 30, 2024	GSM Foils Limited IPO Lot Size	4000 Shares
GSM Foils Limited IPO Face Value	₹10 per share	GSM Foils Limited IPO to be Listed on	NSE
GSM Foils Limited IPO Issue Size	₹11.01 Cr	GSM Foils Limited IPO Price band	₹32 per share

IPO analysis

Registrar information

Name

Bigshare Services Pvt Ltd

Phone number

+91-22-6263 8200

Email ID

ipo@bigshareonline.com

Red herring prospectus

View documents submitted by company in filing to understand more details about them.

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