Listed Price₹32.00
Listing Gain+0.00%
Price Band₹32
Lot Size4,000 shares
Min Bid₹1,28,000
Subscription253.32x
Listed Market Snapshot
₹32.00Listed price from market data
+0.00%listing gain
Issue Amount
₹11.01 Cr
Listed Price
₹32.00
Current Price
₹218.95
Registrar
Bigshare Services Private Limited
Timeline•Fixed Price Issue IPO
Open24 May 2024
Close28 May 2024
Allotment29 May 2024
Listing31 May 2024
Quota Reservation Portions
RetailPortion: 16,32,000 shares
47.4%OtherPortion: 16,32,000 shares
47.4%Market MakerPortion: 1,76,000 shares
5.1%Minimum Application Bracket Matrix
Retail1 lots / 4,000 shares
₹1,28,000HNI2 lots / 8,000 shares
₹2,56,000About the Company
GSM Foils Limited started in April 2019 and specializes in making Blister Foils and Aluminium Pharma Foils (also called Strip Foils) used to pack medicines like capsules and tablets. Since these foils directly touch medicines, the company follows top-quality standards to ensure safety. Their manufacturing unit is located in the Sapphire Building, Thane, Vasai, Maharashtra, spread across 7,973 sq. ft. with advanced machinery for production, testing, research, storage, and packaging — all under one roof. The company holds an ISO 9001:2015 certification, proving its dedication to quality. GSM Foils serves customers across 13 states and 1 Union Territory in India, with 39 employees as of February 28, 2024.
Company Promoters
Mr. Sagar Girish BhanushaliMr. Mohansingh L Parmar
Lead Managers
Registrar
Bigshare Services Private Limited