GSM Foils Ltd, a company that makes aluminum foils for packaging medicines, is launching its IPO on Friday, May 24, 2024. The company aims to raise ₹11 crore through this public offering, which will be open for bidding until May 28, 2024.
About GSM Foils
GSM Foils produces Blister Foils and Aluminium Pharma Foils, used to package capsules and tablets. These foils are crucial as they directly contact the medicines, ensuring their quality is essential.
Key Details of GSM Foils IPO
- IPO Size: ₹11.01 crore
- Type: Fixed price issue
- Shares Offered: 34.4 lakh shares
- Price Per Share: ₹32
- Subscription Period: May 24, 2024, to May 28, 2024
- Allotment Date: Expected on May 29, 2024
- Listing Date: Tentatively on May 31, 2024, on NSE SME
Investment Details
- Minimum Lot Size: 4000 shares
- Minimum Investment for Retail Investors: ₹128,000
- Minimum Investment for HNI: ₹256,000 (8000 shares)
Management and Registrar
- Book Running Lead Manager: Shreni Shares Limited
- Registrar: Bigshare Services Pvt Ltd
- Market Maker: Shreni Shares
This IPO provides an opportunity to invest in GSM Foils, a company that plays a vital role in the pharmaceutical packaging industry.
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