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:

1. Cold Rolled Stainless Steel Coils/Strips; 
2. 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:

1. Funding capital expenditure requirements towards the purchase of machinery
2. To meet the working capital requirements of the company,
3. General corporate purpose;
4. To meet the issue expenses

Financial Highlights (Restated)

Particulars	Period ended on 30th Sep. 2022	FY 2021-22	FY 2020-21	FY 2019-20
Net Worth	2,237	2,031	1,869	1,774
Total Assets	7,135	7,835	6,537	6,607
Total Revenue	10,472	18,031	12,437	15,211
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.

Applications	Lots	Shares	Amount
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	–

Miscellaneous Information

Download Prospectus (PDF)	IPO DRHP IPO RHP
Company Contact Information	Quality Foils (India) Limited 3, Industrial Development Colony, Hisar, Haryana-125005 Phone: 01662-220327, 28 Email: [email protected] Website: http://www.qualitygroup.in/
IPO Registrar	Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: [email protected] Website: https://www.bigshareonline.com/
IPO Lead Manager(s)	Khambatta Securities Limited

FAQ’s

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