Quality Foils (India) Limited IPO

 

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.

Quality Foils (India) IPO Details

Quality Foils (India) IPO is a Fixed Price Issue. The IPO total issue size is Rs 4.52 Cr. The Quality Foils (India) IPO price is ₹60 per share. The IPO will list on NSE SME.

IPO Date	Mar 14, 2023 to Mar 16, 2023
Listing Date	Mar 24, 2023
Face Value	₹10 per share
Price	₹60 per share
Lot Size	2000 Shares
Total Issue Size	754,000 shares (aggregating up to ₹4.52 Cr)
Fresh Issue	754,000 shares (aggregating up to ₹4.52 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	NSE SME
Market Maker portion	38,000 shares

Quality Foils (India) IPO Reservation

Quality Foils (India) IPO a total of 754,000 shares are offered. RII: 358,000 (47.48%), NII: 358,000 (47.48%).

Anchor Investor Shares Offered	-
Market Maker Shares Offered	38,000 (5.04%)
Other Shares Offered	358,000 (47.48%)
Retail Shares Offered	358,000 (47.48%)
Total Shares Offered	754,000 (100%)

Quality Foils (India) IPO Timetable (Tentative)

Quality Foils (India) IPO opens on Mar 14, 2023, and closes on Mar 16, 2023.

IPO Open Date	Tuesday, 14 March 2023
IPO Close Date	Thursday, 16 March 2023
Basis of Allotment	Tuesday, 21 March 2023
Initiation of Refunds	Wednesday, 22 March 2023
Credit of Shares to Demat	Thursday, 23 March 2023
Listing Date	Friday, 24 March 2023
Cut-off time for UPI mandate confirmation	5 PM on Mar 16, 2023

Quality Foils (India) IPO Lot Size

The minimum lot size of this Quality Foils (India) IPO is 2000 shares required is ₹120,000.

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹120,000
Retail (Max)	1	2000	₹120,000
HNI (Min)	2	4,000	₹240,000

Quality Foils (India) IPO Promoter Holding

Mr. Kuldip Bhargava and Mr. Tejasvi Bhargava are the Promoters of the company.

Pre Issue Share Holding	72.80%
Post Issue Share Holding

Company Financials

Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	6,606.53	15,210.77	107.87	1,773.53	1,633.53
31-Mar-21	6,536.53	12,436.67	95.86	1,869.39	1,729.39
31-Mar-22	7,834.55	18,030.63	161.88	2,031.27	1,891.27
30-Sep-22	7,135.21	10,471.59	205.99	2,237.26	2,097.26
Amount in ₹ Lakhs

Key Performance Indicator

Quality Foils (India) IPO Market Cap is Rs 17.12 Cr and P/E (x) is 4.16.

KPI	Values
P/E (x)	4.16
Market Cap (₹ Cr.)	17.12