GSM Foils Ltd

About the Company:

GSM Foils Limited is engaged in the business of manufacturing Blister Foils and Aluminium Pharma Foils which is used in packing of pharmaceutical medicines which includes capsules and tablets both. This is a primary packaging material which comes in direct contact with the medicine, hence, utmost care is taken with regards to its quality.

Over the past few years, Company has acquired definite know how in different types of foils used in pharmaceuticals companies. Company offers Aluminium foils in different sizes, shapes and thickness to meet diverse needs of our clients.

Company is offering products which are quality tested as per industrial standards. As an ISO 9001:2015 certified company’s aim is to provide products at a competitive price,and has invested in suitable manufacturing techniques.

With inhouse capacity of Coating, laminating and printing process, Company provides clients with quick and cost-effective services, which help them reduce their down time and execute their packaging line in a systematic manner.

 

 

Company’s Manufacturing Facilities:

Company has developed a manufacturing facility at Gala No 06/106/206/306, Sapphire Building, Diamond Industrial Estate, Vasai East IE, Thane, Vasai, Maharashtra, India, 401208 in 7,973 Sq. feet area with ground plus 3 floors for smooth execution of all the business operations.

Company’s manufacturing facilities are equipped with the necessary tools, machineries, other equipment’s and amenities, to support a seamless manufacturing process, hassle-free production, Quality testing, research, storage and packaging. All our machineries are periodically upgraded and lubricated with experienced personnel so as to retain production rate.

 

 

Company’s Presence:

Company have PAN India presence with our clientele base in 13 states and 1 Union territory for our domestic market based on sales made for the period ended December 31, 2023, June 26, 2023 and for the financial year ended March 31, 2023 in states of Dadra & Nagar Haveli and Daman & Diu, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Puducherry, Sikkim, Tamil Nadu, Telangana and West Bengal.

 

 

Company’s Product Portfolio.

Company’s production capacity has gradually increased over the past several years. Our diversified range of product portfolio allow us to meets the customer’s requirements as per their need.

Company has added range of blister foils and Aluminum Strip Pharma Foil in our portfolio such as Printed Vinyl Monomer Coating and Heat Sealable Coated (VMCH) Aluminum Blister Foil, Blister Foil reels, Printed aluminum pharma foil, Aluminum Strip pharma foils slitted reels etc.

 

 

 

Company’s Product wise Revenue Breakup: (image)

 

 

 

Management Team:

  1. Mr. Sagar Girish Bhanushali (Designation: Chairman & Whole Time Director)
  2. Mr. Mohansingh L Parmar (Designation: Managing Director)

 

 

 

 

Objectives of the Issue:

Fresh Issue: (Rs.11.08 cr)

  • Funding of capital expenditure towards purchase of Plant and Machineries.
  • Funding Working Capital Requirements of our Company.
  • General corporate purposes.

 

 

Financials of the Company:

(in Crores) FY 21 FY 22 FY 23 Upto 31st Dec 23
Revenue 36.46 71.85 65.88 27.17
Net Profit 0.33 0.63 1.42 1.24

 

 

 

Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
GSM Foils Ltd 10 1.71 18.71 17.11% 10
Synthiko Foils Ltd 5 0.95 70.47 2.85% 33.36
MMP Industries Ltd 10 7.28 36.00 8.22% 91.68

 

 

Fund Utilization:

Particulars Amount (Rs. in Crores)
Funding of capital expenditure towards purchase of Plant and Machineries 1.11 cr
Funding Working Capital Requirements of our Company 7.05 cr
General Corporate Purpose 2.22 cr

 

 

 

IPO Details:

Details Info
Issue Opens on 24th May 2024
Issue Closes on 28th May 2024
Issue Price Rs.32
Face Value Rs.10
Minimum Lot 4000 Shares
Minimum Investment Rs. 1,28,000
Issue Constitutes 26.85%
Issue Size Rs.11.08 cr 
Market Cap Rs.41 cr 
Listing at NSE SME
Equity Shares Offered (Fresh) 34,40,000 (Rs.11.08 cr)
Equity Shares Prior to the Issue 93,71,649
Equity Shares after the Issue 1,28,11,649

 

 

 

Important Dates:

Finalization of Basis of Allotment on or Before 29th May 2024
Initiation of Refunds on or Before 30th May 2024
Credit of Equity Shares: on or Before 30th May 2024
Listing Date: on or Before 31st May 2024

 

 

 

IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV) Debt Equity Ratio (D/E)
1.71 18.71 17.11% 10 0.29

Also Read:  Complete List of NSE/BSE Holidays List>>

 

 

Company Contact Info:
GSM Foils Limited
Gala No 06/106/206/306, Sapphire Building,
Diamond Industrial Estate, Vasai East, Thane,
Maharashtra, India, 401208
Tel No.: +91 84689 68102
Email: investors@gsmfoils.com
Website: www.gsmfoils.com

 

Registrar to the Issue:
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093, Maharashtra, India
Tel: 022 – 6263 8200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com

 

Lead Manager to the Issue:
SHRENI SHARES LIMITED
Office No. 217, Hive 67 Icon,
Poisar Gymkhana Road Lokmanya Tilak Nagar
Poisar, Near Raghuleela Mall,
Kandivali West, Mumbai-400067, Maharashtra, India,
Telephone: 022- 2089 7022
E-mail: shrenishares@gmail.com
Website: www.shreni.in

 

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