Quality Foils (India) IPO GMP, Price, Dates & Allotment Details 2023
The Quality Foils (India) IPO will open on March 14 and close on March 16, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 4.52 crore through this public offering, consisting of 754,000 shares of face value of ₹ 10 each. Which will be issued at a price of ₹ 60 per share.
Incorporated in 1990. Quality Foils (India) Limited produces and exports Cold Rolled Stainless Steel Strips/Coils as well as Stainless Steel Flexible Hoses/pipes. The company uses raw material of premium quality, i.e., hot-rolled stainless steel coils and strips, mainly from Jindal Stainless Hissar Limited, Hissar. The company has one manufacturing plant that is strategically located at 3, Industrial Development Colony, Hisar, Haryana 125005, with a total area of 16,239 square yards (“Manufacturing Facility”), close to its main source of raw materials, i.e., Jindal Stainless Hisar Limited, which helps in reducing company logistic costs on the procurement of raw materials.
They are one of the growing manufacturers and exporters of cold-rolled stainless steel strips, coils, and flexible hose pipes in India, with over thirty years of experience in the manufacturing of stainless-steel products in two broad categories:
- Cold Rolled Stainless Steel Coils/Strips;
- Stainless steel flexible hose pipes
Objects of the Issue
The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:
- Funding capital expenditure requirements towards the purchase of machinery
- To meet the working capital requirements of the company,
- General corporate purpose;
- To meet the issue expenses
Financial Highlights (Restated)
|Particulars||Period ended on 30th Sep. 2022||FY 2021-22||FY 2020-21||FY 2019-20|
|Profit After Tax||206||162||96||108|
Quality Foils (India) IPO – Details
As per the DRHP filed with SEBI, a total of 7.54 lakh shares will be offered as part of the fresh issue on the NSE Emerge segment. The face value of the shares is ₹ 10. The market maker would receive 38,000 shares of the offering. While Khambatta Securities Limited will be the lead manager for the IPO, Bigshare Services Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so there will be a price at which the securities are offered or allotted is known in advance to the investor.
|Issue Type||Fixed Price Issue IPO|
|IPO Price||₹ 60 per share|
|Face Value||₹ 10 per share|
|Market Lot||2,000 Shares|
|Issue Size||754,000 shares of ₹ 10 (Aggregating up to ₹ 4.52 Crore)|
|Fresh Issue||754,000 shares of ₹ 10 (Aggregating up to ₹ 4.52 Crore)|
|Market Maker Portion||38,000 shares|
|NII (HNI) Shares Offered||50% of the Net Issue|
|Retail Shares Offered||50% of the Net Issue|
|Listing At||NSE SME|
|Company Promoters||Mr. Kuldip Bhargava |
Mr. Tejasvi Bhargava
GMP – Quality Foils (India) IPO
Quality Foils (India)’ IPO GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilize after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates – Quality Foils (India) IPO
The issue opens for subscription on March 14, 2023, and closes for subscription on March 16, 2023 (both days inclusive). The basis of allotment will be finalized on March 21st, 2023, and the refunds will be initiated on March 22nd, 2023. In addition, the demat credits are expected to happen on March 23, 2023, and the stock will list on March 24, 2023, on the NSE SME segment.
|Opening Date||March 14, 2023|
|Closing Date||March 16, 2023|
|Basis of Allotment||March 21, 2023|
|Initiation of Refunds||March 22, 2023|
|Credit of shares to Demat A/c||March 23, 2023|
|Listing Date||March 24, 2023|
Lot Size – Quality Foils (India) IPO
The lot size of the Quality Foils (India) IPO is 2,000 shares. A retail-individual investor can apply for up to lots, i.e. 2,000 shares of ₹ 120,000.
|Retail (Minimum)||1||2,000||₹ 120,000|
|Retail (Maximum)||1||2,000||₹ 120,000|
|HNI (Minimum)||2||4,000||₹ 240,000|
Promoters Holdings – Quality Foils (India) IPO
|Pre-issue Shares Holdings||72.80%|
|Post-issue Shares Holdings||–|
|Download Prospectus (PDF)||IPO DRHP|
|Company Contact Information||Quality Foils (India) Limited|
3, Industrial Development Colony, Hisar, Haryana-125005
Phone: 01662-220327, 28
Email: [email protected]
|IPO Registrar||Bigshare Services Pvt Ltd|
Phone: +91-22-6263 8200
Email: [email protected]
|IPO Lead Manager(s)||Khambatta Securities Limited|
When will the Quality Foils (India) Ltd. IPO open for subscription?
The company intends to raise approximately ₹ 4.52 crores through this public offering, according to the DRHP filed with SEBI. The IPO subscription window will open on March 14 and close on March 16, 2023.
What is Quality Foils (India) Ltd. IPO price?
The Quality Foils (India) Ltd. IPO price is ₹ 60 per share.
What will be the Quality Foils (India) Ltd. IPO lot size?
One lot of the Quality Foils (India) Ltd. IPO contains 2,000 shares of ₹ 120,000.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Quality Foils (India) Ltd. IPO allotment available?
The finalisation of the basis of allotment for the Quality Foils (India) Ltd. IPO will be done on March 21, 2023, and the allotted shares will be credited to your demat account by March 23, 2023. Check the Quality Foils (India) Ltd. IPO allotment status.
When will Quality Foils (India) Ltd. IPO list on exchanges?
The Quality Foils (India) Ltd. IPO shares listing date is March 24, 2023.
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