Ashok Rathi

GSM Foils Limited IPO Details Date Review 2024

GSM Foils Limited IPO Details. GSM Foils Limited IPO was incorporated in 2019. GSM Foils Limited  IPO subscription opens from 24 May 2024 and issue closes on 28 May 2024. IPO Face value is Rs.10 per share. IPO Issue bid size is Rs32 per share. The minimum lot size is 4000 shares per lot. This is a Fixed Price Issue IPO.

  1. GSM Foils Limited IPO Total Issue Size is, 3,440,000 shares and company wants to aggregate up to ₹ 11.01 Cr.
  2. Company Share Holding, Pre Issue is 9,371,649 shares.
  3. Company Share Holding, Post Issue will be 12,811,649  shares.
  4. This IPO is Listing at NSE SME, on 31 May 2024.

Shreni Shares Limited is the book-running lead manager for the GSM Foils IPO, with Bigshare Services Pvt Ltd serving as the registrar for the issue. Additionally, Shreni Shares acts as the market maker for the GSM Foils IPO.

GSM Foils Limited IPO Timeline :

  1. GSM Foils Limited IPO issue opens on 24 May and closes on 28 May 2024.
  2. Cut Off Time of UPI Payment is, Friday by 5pm on 28 May 2024.
  3. IPO Issue Basis of Allotment is, 29 May 2024.
  4. Who did not get the allotment of shares, Refunds Initiation begins from 30 May 2024.
  5. Who got the allotment, Shares will be Credited in their Demat Account by 30 May 2024.
  6. Finally IPO lists on 31 May 2024. This was the IPO timeline of GSM Foils Limited IPO .

GSM Foils Limited IPO  Reservations for Investor Categories :

Retail Investors Offered Not less than 50% of the Net Shares Issue.

Other Offered Shares Not less than 50% of the Net Issue.

GSM Foils Limited IPO Details Date Review 2024
GSM Foils Limited IPO Details Date Review 2024

GSM Foils Limited IPO IPO Lot Size Minimum to Maximum allotment for Investors :

  1. Retail Investor can apply for Minimum, 1 lot which has 4000 shares and investing amount ₹ 128,000.
  2. Retail Investor Maximum apply for 1 lot, 4000 shares, amount ₹ 128,000.
  3. HNI Investor Minimum 2 lot, 8000 shares, amount ₹ 256,000.

An Intro About GSM Foils Limited IPO Limited:

Founded in April 2019, GSM Foils Limited specializes in the production of Blister Foils and Aluminium Pharma Foils, commonly referred to as “Strip Foils,” which are essential for packaging pharmaceutical medicines like capsules and tablets. As these foils come into direct contact with the medicine, maintaining their quality is of utmost importance.

GSM Foils Limited operates a manufacturing facility located in the Sapphire Building in Thane, Vasai, Maharashtra. This facility spans 7,973 square feet across the ground floor and three additional floors. It is fully equipped with the necessary tools, machinery, and amenities to support efficient manufacturing processes, including production, quality testing, research, storage, and packaging.

The company holds ISO 9001:2015 certification.

If you want to check the current IPO status of the on going IPO than here is the check list for IPO Subscription Status
Once you are satisfied with IPO subscription status and want to check the allotment status than click IPO Allotment Status
With the ongoing process of IPO market you can see the ups and downs of grey market premium here at IPO GMP Grey Market Premium
If you want to check out the listing day gain or loss of any IPO in 2024 or later years than click here IPO Performance Tracker
If you are interesting to know more about IPO than see Mainboard IPO List | SME IPO List | Upcoming IPO in 2024 | Rights Issue | NCD List

How to apply for GSM Foils Limited IPO Subscription ?

There are some simple steps to follow

  • First go to your brokers website and login there
  • 2nd after login see the IPO section and click there
  • 3rd click the GSM Foils Limited IPO  Service Bid button here
  • 4th enter and confirm your UPI id here, Fill quantity and price than submit this application form.
  • 5th Now visit your UPI app page and approve the amount transaction.
  • 6th Now Finally IPO Bidding process is completed. Now you have subscribed for this IPO application


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