GSM Foils Limited

About the company

## **About  GSM Foils Limited** Incorporated in 2019, GSM Foils Limited engaged in the business of manufacturing Blister Foils and Aluminium Pharma Foils (also known as “Strip Foils' ') which is used in packing of pharmaceutical medicines which includes capsules and tablets. This is a primary packaging material which comes in direct contact with the medicine, hence, utmost care is taken with regards to its quality. Over the past few years, they have acquired definite know-how in different types of foils used in pharmaceutical companies. They offer aluminium foils in different sizes, shapes and thickness to meet diverse needs of their clients. The range of their products includes plain and printed aluminium foils and strip foils along with alu alu base foils and it ranges from 0.020/ 0.025/ 0.030/ 0.040 micron for coated /ploy laminated/ blister/ strip printed foils. Aluminium Foil or Strip Foils are one of the packaging options for highly sensitive pharmaceutical products that protects the medicines from oxygen, moisture, and other environmental influences. These foils are used in packaging of capsules which requires more bursting strength as they are bigger in size and are used to create a push-through closure with lid film where tablets and capsules are protected perfectly and hygienically. Blister Foils are commonly used as unit-dose packaging for pharmaceutical tablets. Blister foils are suitable for hard packing of medical and pharmaceutical products. It is heat seal coated on the bright side and print-treat coated on the matte side the primary component of blister packs are made from “Formable” web, either plastic or aluminium, the formed cavity or pocket contains the product and the “lidding” seals the product in the package. They have invested in suitable manufacturing techniques and have presented a wide assortment of highly demanded products. owing to the allied support of industry recognized vendors we are able to source the inventory of raw material and produce quality products that augment our brand image. With inhouse capacity of Coating, laminating and printing process, we provide their client quick and cost-effective services, which help them reduce their down time and execute their packaging line in a systematic manner GSM Foils Limited, Prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives: 1. Funding of capital expenditure towards the purchase of Plant and Machineries. 1. Funding Working Capital Requirements of the company. 1. General corporate purposes.     Here are key details about the GSM Foils Limited IPO: Company Name| **GSM Foils Limited**|  | GSM Foils Limited IPO Opening Date| **May 24, 2024** ---|---|---|---|--- Company Established On|**2019**GSM Foils Limited IPO Price band|**₹32 per share**

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   24 May 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   28 May 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   26 May 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   30 May 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   29 May 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   31 May 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.