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IPO

IPO Details


GSM Foils Ltd
Registered Office: Gala # 06/106/206/306 Sapphire, Bld Diamond.Ind.Est Vasai E IE, Thane - 401208, Maharashtra
Phone: +91 84689 68102
Email: investors@gsmfoils.com
Website: www.gsmfoils.com
Initial public offering of 34,40,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of GSM Foils Limited ("GSM" or "The Company" or "The Issuer") for cash at a price of Rs. 32/- per equity share (including a premium of Rs. 22/- per equity share) ("Issue Price") aggregating to Rs. 11.01 crores ("The Issue") of which 1,76,000 equity shares aggregating to Rs. 0.56 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 32,64,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 32/- per equity share aggregating to Rs. 10.45 crores ("Net Issue"). The issue and the net issue will constitute 26.85 % and 25.48 % of the post issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price is 3.2 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
24-May-2024 28-May-2024 ₹ 32.00 ₹ 0.00
Minimum Application for shares in Nos : 4000.0 Further Multiples of : 4000.0
(₹)Cr. Lead Managers to the Issue
Project Cost 10.39 Shreni Shares Ltd
Project Financed through Current Offer 11.01
Post Issue Equity Share Capital 12.81
Issue Price ₹32.00
Projects
Funding of capital expenditure towards purchase of plant and machineries
Funding working capital requirements of the company
General corporate purpose
Promoted By
Sagar Girish Bhanushali
Mohansinghl Parmar
Listing At
NSE - SME
Registrar to the Issue

INDIAN INDICES

Sensex

82,055.11 158.32 (0.19%)

Nifty

25,044.35 72.45 (0.29%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
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24,177.08 487.95(2.06%)