Quality Foils IPO GMP | Details, Date, Price, Review, Size

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Table of Contents

Quality Foils IPO Details ( Quality Foils India IPO Review )

(14 Mar 2023 – 16 Mar 2023)

Quality Foils (India) Limited, established in 1990, specializes in the production and exportation of Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible Hoses/Pipes.

The production process at Quality Foils (India) Limited involves the utilization of premium-quality raw materials, specifically Hot Rolled Stainless Steel Coils/Strips obtained primarily from Jindal Stainless Hissar Limited in Hissar.

With over three decades of experience in the manufacturing of stainless steel products, Quality Foils has established itself as one of India’s thriving manufacturers and exporters of Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible Hose Pipes.

Quality Foils products are divided into two distinct segments:

  1. Cold Rolled Stainless Steel Coils/Strips
  2. Stainless Steel Flexible Hose Pipes

Quality Foils (India) Limited offers its products under the brand name “Quality”. These products are utilized in the manufacturing of SS Tube/Pipe, Utensils, Cutlery, Kitchen Sinks, and Stainless Steel Flexible Hoses.

Moreover, these products find application in the manufacturing of Automobile components and Flexible Hose Pipes for critical applications, including high temperature and medium pressure for Hydraulic Oil, Hot Water, Steam & Gas applications, chemical resistance, exhaust systems of steel, power, petrochemical, sugar, automobile, and numerous other heavy engineering sectors.

Quality Foils Company Product:

  • Cold Rolled SS Coils/Strips
  • Flexible Hose Pipes

Quality Foils IPO Competitive Strength

  • International Accreditations and product approvals
  • Specialized production of Cold Rolled Stainless Steel Coils/Strips and Hose Pipes
  • Multi-fold demand of our Products
  • Customer Diversification

Quality Foils India IPO Financials Performance ( Results )

Quality Foils India Limited Financial Information ( Restated Standalone )

All Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenuePATEPSNet WorthNAVReserves
31-Mar-206,606.5315,210.77107.877.701,773.5384.451,633.53
31-Mar-216,536.5312,436.6795.866.851,869.3989.021,729.39
31-Mar-227,834.5518,030.63161.8811.562,031.2795.731,891.27
30-Sep-227,135.2110,471.59205.9914.712,237.26106.542,097.26

Objective of IPO Issue

  • Funding capital expenditure requirements towards purchase of machinery
  • To meet the working capital requirements of the Company
  • General Corporate Purpose
  • To meet the Issue Expenses

Quality Foils IPO Basic Details

IPO DateMar 14, 2023 to Mar 16, 2023
Listing DateFriday, March 24, 2023
Face Value₹10 per share
Price₹60 per share
Lot Size2000 Shares
Issue Size754,000 shares of ₹10
(aggregating up to ₹4.52 Cr)
Fresh Issue754,000 shares of ₹10
(aggregating up to ₹4.52 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
NII (HNI) Shares Offered50% of the Offer
Retail Shares Offered50% of the Offer
Company PromotersMr. Kuldip Bhargava and Mr. Tejasvi Bhargava
are the Promoters of the company.

Quality Foils IPO Timetable

Quality Foils IPO will open on Mar 14, 2023 and close on Mar 16, 2023. You can join Quality Foils IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

EventDate
Opening DateMar 14, 2023
Closing DateMar 16, 2023
Basis of AllotmentMar 21, 2023
Initiation of RefundsMar 22, 2023
Credit of Shares to DematMar 23, 2023
Listing DateMar 24, 2023

Quality Foils IPO Lot Size

For retail investors in Quality Foils IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹120,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹120,000.

ApplicationLotsSharesAmount
Retail (Min)12000₹120,000
Retail (Max)12000₹120,000
S-HNI (Min)24000₹240,000

Quality Foils IPO Promoter Holding

Pre Issue Share Holding72.80%
Post Issue Share Holding

Quality Foils IPO Valuation – FY2022

Earning Per Share (EPS)₹11.56 per Equity Share
Price/Earning P/E Ratio7.78
Return on Net Worth (RoNW)7.97%
Net Asset Value (NAV)₹95.73 per Equity Share
Upper Price/Book Value (Price/BV) Ratio

Quality Foils Ltd Peer Comparison

In listed markets, we do not have any competitors as we involved in only 2 segments i.e. C R Coils/Strips & Hose Pipes. Some of the listed Companies like Hisar Metal Industries Limited, Jindal Stainless Limited are few of the major players in Indian Cold Rolled Coils/Strips market, all these companies have a wide product portfolio, offering SAW, welded, seamless and stainless-steel pipes and tubes., so we cannot compare our business model/size of business/area of business with those major players.

Accordingly, it is not possible to provide an industry P/E ratio

Quality Foils IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
16 March 2023₹20
15 March 2023₹22
14 March 2023₹22
13 March 2023₹14
12 March 2023₹14
11 March 2023₹14
10 March 2023₹14
09 March 2023₹14
08 March 2023₹0
07 March 2023₹0
06 March 2023₹0
05 March 2023₹0

Quality Foils IPO Detail Video:

Quality Foils IPO Subscription Status (Bidding Detail)

The Quality Foils IPO on Mar 16, 2023 at 7:30:00 PM was subscribed 364.38 times, with the retail category being subscribed 259.65 times, the NII (Non-Institutional Investor) category being subscribed 464.50 times.

CategorySubscription
NII464.50x
Retail259.65x
Total364.38x

Quality Foils IPO Prospectus

Quality Foils IPO DRHPDownload
Quality Foils IPO RHPDownload

Quality Foils IPO Rating

Our Rating1.0/5.0

Quality Foils Compnay Contact Information

Quality Foils ( India ) Limited

Registered Office: 3, Industrial Development Colony, Hisar, Haryana-125005, India.
Tel No.: 01662-220327, 28
E-mail: cs@qualityfoils.com
Website: www.qualitygroup.in
Contact Person: Ms. Meenakshi, Company Secretary and Compliance Officer
PROMOTER OF OUR COMPANY: MR. KULDIP BHARGAVA AND MR. TEJASVI BHARGAVA

Quality Foils IPO Registrar

BIGSHARE SERVICES PRIVATE LIMITED

Registered Office: Office No S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East), Mumbai-400059, India.
Tel: +91 22 62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Babu Rapheal C
SEBI Registration No: INR000001385

Quality Foils IPO Lead Manager

KHAMBATTA SECURITIES LIMITED

Registered Office: 1 Ground Floor, 7/10, Botawala Building, 9 Bank Street,
Horniman Circle, Fort, Mumbai, Maharashtra – 400 001, India
Tel: 011-41645051, 022-66413315
Email: ipo@khambattasecurities.com
Investor Grievance Email: mbcomplaints@khambattasecurities.com
Website: www.khambattasecurities.com
Contact Person: Mr. Chandan Mishra; Mr. Vipin Aggarwal
SEBI Registration No.: INM000011914

Quality Foils IPO FAQs

What is the lot size of Quality Foils IPO?

The total size of Quality Foils IPO is ₹4.52 crores and this is a complete fresh Issue.

When will Quality Foils IPO start?

Quality Foils IPO will Open from 14 March 2023 and IPO will Close on 16 March 2023.

What is the open date of Quality Foils IPO?

Quality Foils IPO will start from 14 March 2023.

What is the last date ( close date ) of Quality Foils IPO?

Quality Foils IPO will close from 16 March 2023.

What is the price band of Quality Foils IPO?

Quality Foils IPO price band is ₹60.

What is the minimum amount required to apply for Quality Foils IPO?

The minimum investment for retailers to apply for Quality Foils IPO is 120,000 and the maximum investment is ₹120,000.

What is going on gray market premium of Quality Foils IPO?

View gray market premium of Quality Foils IPO by Clicking Here

How much is the GMP of Quality Foils IPO?

Watch Quality Foils IPO GMP Today: Click Here

What is the allotment date of Quality Foils IPO?

The allotment date of Quality Foils IPO is 21 March 2023.

How to check allotment status in Quality Foils IPO?

To check the allotment status of Quality Foils IPO, first of all go to the registrar website by clicking here, select your bad Quality Foils IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Quality Foils IPO?

The listing date of Quality Foils IPO is 24 March 2023.

How much will be the listing gain in Quality Foils IPO?

View listing gain of Quality Foils IPO by Clicking Here

How much time Quality Foils IPO is subscribed?

Total 364.38 times subscribed in Quality Foils IPO out of which 259.65 times subscription was done in retail quota and 464.50 times subscription in NII quota.

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Click Here to see how to apply for Quality Foils IPO from Upstox. (step by step)

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