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:
- Cold Rolled Stainless Steel Coils/Strips
- 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 Ended | Total Assets | Total Revenue | PAT | EPS | Net Worth | NAV | Reserves |
| 31-Mar-20 | 6,606.53 | 15,210.77 | 107.87 | 7.70 | 1,773.53 | 84.45 | 1,633.53 |
| 31-Mar-21 | 6,536.53 | 12,436.67 | 95.86 | 6.85 | 1,869.39 | 89.02 | 1,729.39 |
| 31-Mar-22 | 7,834.55 | 18,030.63 | 161.88 | 11.56 | 2,031.27 | 95.73 | 1,891.27 |
| 30-Sep-22 | 7,135.21 | 10,471.59 | 205.99 | 14.71 | 2,237.26 | 106.54 | 2,097.26 |
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 Date | Mar 14, 2023 to Mar 16, 2023 |
| Listing Date | Friday, March 24, 2023 |
| Face Value | ₹10 per share |
| Price | ₹60 per share |
| Lot Size | 2000 Shares |
| Issue Size | 754,000 shares of ₹10 (aggregating up to ₹4.52 Cr) |
| Fresh Issue | 754,000 shares of ₹10 (aggregating up to ₹4.52 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the Offer |
| Retail Shares Offered | 50% of the Offer |
| Company Promoters | Mr. 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.
| Event | Date |
| Opening Date | Mar 14, 2023 |
| Closing Date | Mar 16, 2023 |
| Basis of Allotment | Mar 21, 2023 |
| Initiation of Refunds | Mar 22, 2023 |
| Credit of Shares to Demat | Mar 23, 2023 |
| Listing Date | Mar 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.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹120,000 |
| Retail (Max) | 1 | 2000 | ₹120,000 |
| S-HNI (Min) | 2 | 4000 | ₹240,000 |
Quality Foils IPO Promoter Holding
| Pre Issue Share Holding | 72.80% |
| Post Issue Share Holding | – |
Quality Foils IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹11.56 per Equity Share |
| Price/Earning P/E Ratio | 7.78 |
| 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
| Date | GMP | Kostak | Subject 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.
| Category | Subscription |
| NII | 464.50x |
| Retail | 259.65x |
| Total | 364.38x |
Quality Foils IPO Prospectus
Quality Foils IPO Rating
| Our Rating | 1.0/5.0 |
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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