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GSM Foils IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Mumbai and caters to Packaging & Disposables sector. Shreni Shares is the merchant banker of GSM Foils IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th March 2024.
GSM Foils IPO open date is 24th May 2024 and close date is 28th May 2024. IPO Allotment Date is 29th May 2024 and Listing date is 31st May 2024.GSM Foils IPO size is Rs 11.01 Cr. crores with IPO price of Rs 32.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Shreni Shares Limited is the book-running lead manager of the GSM Foils IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Shreni Shares Limited for GSM Foils IPO.
GSM Foils IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
GSM Foils IPO, based in Mumbai, operates in the Packaging & Disposables sector with a focus on manufactures Blister Foils and Aluminium Pharma Foils. The company is launching its SME IPO on the NSE EMERGE exchange, using the Fixed Price Issue method. GSM Foils IPO size is ₹ 11.01 Cr. Crores with fresh issue size of Rs 11.01 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for GSM Foils IPO is expected to be 29th May 2024, after the finalization of basis of allotment. Investors can check GSM Foils IPO allotment status on the registrars website, Bigshare Services Private Limited. GSM Foils IPO refund dates are 30th May 2024.
GSM Foils IPO is expected to be listed on 31st May 2024.
The upper price band for the GSM Foils IPO is set at ₹ 32.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on GSM Foils IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the GSM Foils IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 28th May 2024. After submission, funds are blocked until the basis of allotment of GSM Foils IPO is finalised.
The merchant banker for GSM Foils IPO is Shreni Shares Limited . Shreni Shares Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the GSM Foils IPO RHP for further details.
The registrar for GSM Foils IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to GSM Foils IPO through their official website or helpline.
GSM Foils IPO was subscribed 257.30 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 11.01 Cr.
Avg IPO Size (Sector Based)
:
₹ 12.58 Cr.
Sector: Packaging & Disposables
SME IPO so far:
29
Merchant Banker:
Shreni Shares
SME IPO by BRLM so far:
47
City:
Mumbai
SME IPO so far:
280
Revenue (annualised):
₹ 36.24 cr.
PE
Ratio:
24.64x
Average Sector PE Ratio: 16.10x
GSM Foils IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on GSM Foils Financial Review Page
Merchant Banker(s) of GSM Foils IPO: Shreni Shares Limited
GSM Foils IPO subscription was 257.30 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
GSM Foils IPO listed at a listing price of 33.60 against the offer price of 32.00.
The current market price of GSM Foils is 132.10.
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