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Quality Foils (India) IPO is a fixed price issue of Rs 4.52 crores. The issue is entirely a fresh issue of 7.54 lakh shares.
Quality Foils (India) IPO bidding started from March 14, 2023 and ended on March 16, 2023. The allotment for Quality Foils (India) IPO was finalized on Tuesday, March 21, 2023. The shares got listed on NSE SME on March 24, 2023.
Quality Foils (India) IPO price is ₹60 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹240,000.
Khambatta Securities Limited is the book running lead manager of the Quality Foils (India) IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Quality Foils (India) IPO is Khambatta Securities.
Refer to Quality Foils (India) IPO RHP for detailed information.
| IPO Date | March 14, 2023 to March 16, 2023 |
| Listing Date | March 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 |
| Share holding pre issue | 2,100,000 |
| Share holding post issue | 2,854,000 |
| Market Maker portion | 38,000 shares Khambatta Securities |
Quality Foils (India) IPO offers 754,000 shares. 358,000 (47.48%) to NII, 358,000 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| 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 opens on March 14, 2023, and closes on March 16, 2023.
| IPO Open Date | Tuesday, March 14, 2023 |
| IPO Close Date | Thursday, March 16, 2023 |
| Basis of Allotment | Tuesday, March 21, 2023 |
| Initiation of Refunds | Wednesday, March 22, 2023 |
| Credit of Shares to Demat | Thursday, March 23, 2023 |
| Listing Date | Friday, March 24, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 16, 2023 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹120,000 |
| Retail (Max) | 1 | 2000 | ₹120,000 |
| HNI (Min) | 2 | 4,000 | ₹240,000 |
| Lot Size Calculator | |||
Mr. Kuldip Bhargava and Mr. Tejasvi Bhargava are the Promoters of the company.
| Share Holding Pre Issue | 72.80% |
| Share Holding Post Issue |
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.
| 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 | |||||
The market capitalization of Quality Foils (India) IPO is Rs 17.12 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 4.16 |
The company intends to utilize the proceeds of the Issue to meet the following objects: -
[Dilip Davda] QFIL is a small player in manufacturing cold roll SS stipes/coils/rolls and pipes. It has marked consistent growth in its performance except for the FY21 setback due to the Pandemic. Small paid-up equity post IPO indicates longer gestation for migration to the mainboard. Based on its FY23 super earnings, the issue is lucratively priced while based on FY22 earnings it is fully priced. Well-informed investors may lap it up for the medium to long-term rewards. Read detail review...
The Quality Foils (India) IPO is subscribed 364.38 times on March 16, 2023 7:30:00 PM. The public issue subscribed 259.65 times in the retail category, times in the QIB category, and 464.50 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 464.50 |
| Retail | 259.65 |
| Total | 364.38 |
Total Application : 46,477 (259.65 times)
| Listing Date | March 24, 2023 |
| BSE Script Code | |
| NSE Symbol | QFIL |
| ISIN | INE0O1M01015 |
| Final Issue Price | ₹60 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹60.00 |
| ₹100.00 |
| ₹95.00 |
| ₹102.00 |
| ₹97.70 |
Quality Foils (India) Limited
3, Industrial Development Colony,
Hisar,
Haryana-125005
Phone: 01662-220327, 28
Email: cs@qualityfoils.com
Website: http://www.qualitygroup.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Quality Foils (India) IPO is a SME IPO of 754,000 equity shares of the face value of ₹10 aggregating up to ₹4.52 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000 Shares.
The IPO opens on March 14, 2023, and closes on March 16, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Quality Foils (India) IPO using UPI as a payment gateway. Zerodha customers can apply in Quality Foils (India) IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Quality Foils (India) IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Quality Foils (India) IPO opens on March 14, 2023 and closes on March 16, 2023.
Quality Foils (India) IPO lot size is 2000 Shares, and the minimum amount required is ₹120,000.
You can apply in Quality Foils (India) IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Quality Foils (India) IPO will be done on Tuesday, March 21, 2023, and the allotted shares will be credited to your demat account by Thursday, March 23, 2023. Check the Quality Foils (India) IPO allotment status.
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