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GSM Foils Ltd
GSM Foils Ltd
Registered Office : Gala # 06/106/206/306 Sapphire,Bld Diamond.Ind.Est Vasai E IE,Thane Maharashtra 401208 Phone : +91 84689 68102
Fax :
Email : investors@gsmfoils.com
Website : www.gsmfoils.com
Initial public offering of 34,40,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of GSM Foils Limited ("GSM" or "The Company" or "The Issuer") for cash at a price of Rs. 32/- per equity share (including a premium of Rs. 22/- per equity share) ("Issue Price") aggregating to Rs. 11.01 crores ("The Issue") of which 1,76,000 equity shares aggregating to Rs. 0.56 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 32,64,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 32/- per equity share aggregating to Rs. 10.45 crores ("Net Issue"). The issue and the net issue will constitute 26.85 % and 25.48 % of the post issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price is 3.2 times of the face value.
Opens On
Closes On
24-May-2024
28-May-2024
Application
Allotment
32.00
0.00
Minimum Application for shares in Nos : 4000.0 Further Multiples of : 4000.0
₹Cr
Lead Managers to the Issue
Project Cost (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
10.39
11.01
12.81
32.00
Shreni Shares Ltd
- Funding of capital expenditure towards purchase of plant and machineries
- Funding working capital requirements of the company
- General corporate purpose
- Sagar Girish Bhanushali
- Mohansinghl Parmar
- NSE - SME
- Bigshare Services Pvt Ltd