Quality Foils (India) Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

14 Mar 2023

Close Date

16 Mar 2023

Allotment

21 Mar 2023

Listing Date

24 Mar 2023

Exchange

NSE SME

Price Band

₹60

Listing Price

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Allotment Status

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Price Band

₹60

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

7,54,000 shares (aggregating up to ₹4.52 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

21,00,000 shares

Promoters

Post-IPO Holding

28,54,000 shares

Promoters

P/E (Pre)

4.16x

UPI Deadline

2023-03-16

Mandate

Anchor AllotmentMon, 13 Mar 2023

Basis of AllotmentTue, 21 Mar 2023

Refund InitiationWed, 22 Mar 2023

Demat CreditThu, 23 Mar 2023

Listing DayFri, 24 Mar 2023

UPI Mandate Deadline2023-03-16

Sale TypeFresh Capital

Net Offer to Public7,16,000 shares (aggregating up to ₹4.30 Cr)

Market Maker Quota38,000 shares (aggregating up to ₹0.2280 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Quality Foils (India) Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 16 Mar 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	38,000	—	₹0.23
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	754,000	100%	₹4.52

IPO Shares Offered

Quality Foils (India) Ltd. IPO total issue size: ₹4.52 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	38,000	₹0.23	5.04%
Total	754,000	₹4.52	100.00%

* Based on upper price band ₹60 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹60.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹240,000
Retail (Max — 13 Lots)	13	26,000	₹1,560,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,680,000
B-HNI (Min — 68 Lots)	68	136,000	₹8,160,000

* Issue Price ₹60 × Lot Size 2,000 shares

IPO Schedule

Anchor

13 Mar 2023

✓ Done

IPO Open

14 Mar 2023

✓ Done

IPO Close

16 Mar 2023

✓ Done

Allotment

21 Mar 2023

✓ Done

Refunds

22 Mar 2023

✓ Done

Demat Credit

23 Mar 2023

✓ Done

Listing Day

24 Mar 2023

✓ Done

₹60.00

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Issue ₹60.00 Live Price

About Quality Foils (India) Ltd.

Incorporated in 1990, Quality Foils (India) Limited is engaged in the manufacturing and exporting of Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible Hoses/pipes. The company uses raw materials of premium quality i.e. Hot Rolled Stainless Steel Coils/Strips mainly from Jindal Stainless Hissar Limited.Quality Foils is among India's prospering manufacturers and exporters of Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible hose pipes. The entity has over three decades of experience in manufacturing stainless steel products.The deliverables of Quality Foils (India) Limited are offered under the brand name "Quality".Quality Foils (India) Limited products are sold both in the domestic as well as international markets. The company have exported its products to more than seven countries, including Germany, the UK, the Philippines, Sri Lanka, Turkey, Poland and Bogota Colombia.The company has one manufacturing plant located in Hisar, Haryana. Manufacturing Facility have a total installed capacity of 12,000 MT per annum for CR Stainless steel coils/strips and 2,00,000 meters per annum for SS Hose pipes.

Objects of the Issue

Funding capital expenditure requirements towards purchase of machinery

To meet the working capital requirements of the Company

General Corporate Purpose; and

Quality Foils (India) Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹12,436.7

31-Mar-21

₹18,030.6

31-Mar-22

₹10,471.6

30-Sep-22

Profit After Tax (PAT)

₹95.9

31-Mar-21

₹161.9

31-Mar-22

₹206.0

30-Sep-22

Particulars	30-Sep-22	31-Mar-22	31-Mar-21
Revenue from Operations	10471.59	18030.63	12436.67
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	205.99	161.88	95.86
Net Worth	2237.26	2031.27	1869.39
Total Assets	7135.21	7834.55	6536.53
Reserves & Surplus	1729.39	1891.27	2097.26
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered7,54,000 (100.00%)

Net Offer to Public7,16,000 shares (aggregating up to ₹4.30 Cr)

Reserved for Market Maker38,000 shares (aggregating up to ₹0.2280 Cr)

Pre-Issue Promoter Holding21,00,000 shares

Post-Issue Promoter Holding28,54,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

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Book Running Lead Managers

Khambatta Securities Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Quality Foils (India) Ltd. IPO subscribed? ▲

Quality Foils (India) Ltd. IPO is subscribed 1.00 times by Mar 16, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Quality Foils (India) Ltd. IPO retail subscription status? ▼

The Quality Foils (India) Ltd. IPO retail category is subscribed 1.00 times as of 16 Mar 2023. The retail portion is oversubscribed.

How to subscribe Quality Foils (India) Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 14 Mar 2023 and closes 16 Mar 2023. Min investment: ₹120,000 (1 lot = 2,000 shares). UPI mandate: 2023-03-16.

How many times Quality Foils (India) Ltd. IPO subscribed? ▼

The Quality Foils (India) Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Quality Foils (India) Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 21 Mar 2023. Refunds: on 22 Mar 2023.

When Quality Foils (India) Ltd. IPO will be listed? ▼

The Quality Foils (India) Ltd. IPO listing date is 24 Mar 2023, Friday. Listed on: NSE SME. Issue price: ₹60. Estimated listing: ₹60. GMP: NIL.

When Quality Foils (India) Ltd. IPO close? ▼

The Quality Foils (India) Ltd. IPO closes on 16 Mar 2023, Thursday. UPI mandate: 2023-03-16. Allotment: 21 Mar 2023. Listing: 24 Mar 2023.

Quick Actions

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Live Price LIVE

Last Price₹60.00

Change—

Issue Price₹60.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹60

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹60

Subscribed1.00x

Open Date14 Mar 2023

Close Date16 Mar 2023

Allotment21 Mar 2023

Listing Date24 Mar 2023

ExchangeNSE SME

UPI Deadline2023-03-16