IPO Details
Bidding Dates
14 Mar '23 - 16 Mar '23
Minimum Investment
₹120,000 / 1 Lots ( 2000 Shares )
Price Range
₹60
Maximum Investment
₹120,000 / 1 Lots ( 2000 Shares )
Retail Discount
To be announced
Issue Size
₹4.52 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Mar 14, 2023
IPO Close Date
Mar 16, 2023
IPO Allotement Date
Mar 21, 2023
Initiation Of Refunds
Mar 22, 2023
Credit Of Shares To Demat Account
Mar 23, 2023
IPO Listing Date
Mar 24, 2023
IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Mar 14, 2023 |
10.68 | 8.03 | 10.36 |
Day 2Mar 15, 2023 |
54.08 | 44.08 | 50.09 |
Day 3Mar 16, 2023 |
464.50 | 259.65 | 364.38 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Non-Institutional Buyers | 464.50 |
| Retail Investors | 259.65 |
| Total | 364.38 |
About Company
The company manufactures and exports cold rolled stainless steel, coil and stainless steel flexible hose pipes. Quality Foil was started by its promoters as a partnership business and later converted to a private company. It has over 30 years of experience in the industry and markets its products under the brand name Quality.
Their only manufacturing unit in Hisar, Haryana, has an annual installed capacity of 12,000 MT. The products have different use cases in steel, power, petrochemicals, sugar, automobile, and other heavy engineering sectors.
Quality Foils (India) Ltd. IPO Objective
The company proposes to utilise the funds in the following areas.
- To meet working capital requirements
- General corporate purposes
- Cover issue expenses
Why should you invest in Quality Foils (India) Ltd.?
Here are your top reasons to bid for the Quality Foils (India) Limited IPO.
- Their quality-conscious business model has earned them international recognition, such as ISO 9001:2015 and ISO 45001:2018 from TUV SUD South Asia Pvt. Ltd & Quality Research Organisation.
- Instead of diversifying, the company specialises in two core products with multiple use cases.
- They cater to a diverse clientele located in India and abroad. They have been exporting since 2005 to countries in the European Union, Germany, the UK, Philippines, Sri Lanka, Turkey, Poland, and Bogotá Colombia.
Quality Foils (India) Ltd. Noteworthy highlights
- Quality foils earned a profit of ₹205.99 lakh during the period that ended on September 30, 2022.
- The business for Quality Foils comes from new projects and repair and maintenance, ensuring a stronger order book.
Quality Foils India Company Financials
| Particulars | Revenue from Operation (₹ lakh) | Year ending on March 31, 2022 (₹ lakh) | Year ending on March 31, 2021 (₹ lakh) |
|---|---|---|---|
| Revenue from Operation | 10,445.27 | 17,978.58 | 15,146.59 |
| Profit After Tax (PAT) | 205.99 | 161.88 | 95.86 |
| EBITDA | 410.47 | 695.58 | 612.56 |
| Current Asset | 4,843.94 | 5,514.31 | 4,258.43 |
| Current Liabilities | 4,409.03 | 4,910.98 | 4,097.11 |
Know before investing
Strengths
3-
The company has been in the same business for 30 years plus which gives it an edge.
-
Plans to expand their global footprint by adding more foreign markets to their existing list.
-
In-house teams for quality assurance and R&D to meet and adapt to new technology.
Risks
3-
There are some legal cases pending against the company promoters.
-
A lack of long-term contracts can affect the company’s future cash flow.
-
Dependency on a limited number of customers for the majority of revenue.
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Quality Foils India IPO FAQs
Quality Foil (India) Ltd. IPO of ₹4.52 crore is a fixed price issue. The IPO share price is fixed at ₹60 with a lot size of 2000 equities per lot. The subscription window will open on March 14, 2023.
The basis of the allotment date is March 21, 2023.
One lot of Quality Foils (India) Ltd. IPO has 2000 shares.
The IPO will open on March 14, 2023.
Retail investors can apply for a minimum of one lot.
The listing date of Quality Foils (India) Ltd. on BSE SME is March 24, 2023.
You can check the allotment status of your IPO application from the Angel One app.
To check the IPO allotment status, enter the application number, DP ID, and PAN number into the app.
Listing gain refers to the difference of the IPO’s opening and offer prices. The listing gain is influenced by changing investors’ interests, global parameters, and short vs long-term outlooks.
The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 2000 shares.
