Quality Foils IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Mar 16, 2023Let’s have a detailed review of the company and analytics of the Quality Foils IPO release date, IPO offer price, subscription, Quality Foils Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 60 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 2000 Shares |
| Listing Date | Mar 24, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 452 Lakh |
| IPO Size | Rs 452 Lakh |
| Tick Size | 1 |
Quality Foils IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Quality Foils Share Price |
Quality Foils IPO – Summary
The Company was originally formed as a Partnership Firm under the Partnership Act, 1932 (“Partnership Firm”) in the name and style of “Quality Foils” pursuant to Partnership deed dated October 03, 1989.
Quality Foils was thereafter converted from Partnership Firm to a Private Limited Company under the provisions of Companies Act, 1956 with the name and style of “Quality Foils (India) Private Limited” and received a certificate of incorporation dated May 08, 1990 from the Registrar of Companies, NCT of Delhi & Haryana.
The Promoter of this company is : MR. KULDIP BHARGAVA AND MR. TEJASVI BHARGAVA. The lead manager to the issue is KHAMBATTA SECURITIES LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Quality Foils IPO Date
The opening and closing dates of Quality Foils IPO are Mar 14, 2023 and Mar 16, 2023 respectively.
Quality Foils IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 14th Mar | 10.68x | 8.03x | 10.36x |
| 2nd Day – 15th Mar | 54.08x | 44.08x | 50.09x |
| 3rd Day – 16th Mar | 464.50x | 259.65x | 364.38x |
| Shares Offered or Net Issue | 358,000 | 358,000 | 716,000 |
The shares subscribed by the public will be updated here.
Quality Foils IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Quality Foils Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Mar 21, 2023 |
| Refunds Initiation | Mar 22, 2023 |
| Credit of Shares to Demat Account | Mar 23, 2023 |
| Share Listing Date | Mar 24, 2023 |
Quality Foils IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.60
Quality Foils IPO Equity Size
This Initial Public Issue of 754,000 Equity Shares of Rs.10 each for cash at a price of Rs.60 per equity share aggregating to Rs.452 Lakh.
Quality Foils IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 754,000 Equity Shares of Rs.10/ each.
Issue Size: 754,000 Equity Shares of Rs.10 each, aggregating to Rs.452 Lakh
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Quality Foils IPO – Live Performance
The listing date of this IPO is Mar 24, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Quality Foils Share Price |
Quality Foils IPO Grey Market Premium
The Quality Foils Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Quality Foils IPO – Company Overview
Quality Foils (India) Limited is manufacturers and exporters of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible Hoses/pipes.
Their Company use raw material of premium quality i.e. Hot Rolled Stainless Steel Coils/Strips mainly from Jindal Stainless Hissar Limited, Hissar. They sourced our more than 95% of raw material consumed from Jindal Stainless Hissar Limited in last three financial years.
The Company was originally formed as a Partnership Firm under the Partnership Act, 1932 (“Partnership Firm”) in the name and style of “Quality Foils” pursuant to Partnership deed dated October 03, 1989.
Quality Foils was thereafter converted from Partnership Firm to a Private Limited Company under the provisions of Companies Act, 1956 with the name and style of “Quality Foils (India) Private Limited” and received a certificate of incorporation dated May 08, 1990 from the Registrar of Companies, NCT of Delhi & Haryana.
Quality Foils IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 4,998.84 | 5,677.45 | 4,465.01 | 4,412.18 |
| *Total Revenue | 10,471.59 | 18,030.63 | 12,436.67 | 15,210.77 |
| Total Expense | 10,326.64 | 17,808.98 | 12,304.18 | 15,079.18 |
| Profit After Tax | 205.99 | 161.88 | 95.86 | 107.87 |
Earnings per Equity Share (in Lakh)
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 5.29 | 11.56 | 6.85 | 7.70 |
Further, their PAT for the period ended on June 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 205.99 Lakh, Rs. 161.88 Lakh, Rs. 95.86 Lakh and Rs. 107.87 Lakh respectively.
Quality Foils IPO – Promoters
The Promoter of this company is:
- MR. KULDIP BHARGAVA
- MR. TEJASVI BHARGAVA
List of Related Parties (Key Managerial Personnel)
- Kuldip Bhargava, Chairman cum Executive Director
- Tejasvi Bhargava, Managing Director
- Yashvir Singh, Executive Director
- Sumant Bhatnaga, Independent Director
- Rajinder Kedia, Independent Director
- Uma, Independent Director
Quality Foils IPO – Promoters Holding
- Pre-Issue Share Holding – 72.80%
- Post Issue Share Holding – %
Quality Foils IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 7,54,000 Equity Shares aggregating up to Rs.452.40 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 38,000 Equity Shares aggregating up to Rs. 22.80 Lakh |
| Net Issue to the Public | Up to 7,16,000 Equity Shares aggregating up to Rs. 429.60 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 3,58,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 3,58,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 21,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 28,54,000 Equity Shares |
Quality Foils IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding capital expenditure requirements towards purchase of machinery
2. To meet the working capital requirements of the Company;
3. General Corporate Purpose; and
4. To meet the Issue Expenses
Quality Foils IPO – Business Strategy
- Strengthen our brand value
- Quality Assurance
- Increase geographical presence
- Continue to improve operations
- Continue to improve operating efficiencies through technology enhancements
Quality Foils IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced management and efficient workforce.
- Comprehensive solution provider offering diversified suite of precision products across geographies and end-user industries.
- Scalable business.
- A strong regional presence.
- Consistent track record of growth and financial performance
- Strong long-standing relationships with clients & suppliers within the industry
- Strong, experienced and dedicated senior management team and qualified workforce
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 11.56 | 7.97 | 1450.91 |
| 31-Mar-21 | 6.85 | 5.13 | 1,335.28 |
| Mar-20 | 7.70 | 6.08 | 1,266.81 |
Quality Foils IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| Quality Foils Limited | 10 | [●] | 11.56 | 7.97 | 1450.91 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Quality Foils IPO Lead Managers
| Lead Managers |
| KHAMBATTA SECURITIES LIMITED 1 Ground Floor, 7/10, Botawala Building, 9 Bank Street, Horniman Circle, Fort, Mumbai, Maharashtra – 400 001, India Tel: 011-41645051, 022-66413315 Email: ipo@khambattasecurities.com Investor Grievance Email: mbcomplaints@khambattasecurities.com Website: www.khambattasecurities.com Contact Person: Mr. Chandan Mishra; Mr. Vipin Aggarwal SEBI Registration No.: INM000011914 |
Quality Foils IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai-400059, India. Tel: +91 22 62638200 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Babu Rapheal C SEBI Registration No: INR000001385 |
Quality Foils IPO – Other Details
- Statutory Auditor – V S Jain & Associates, Chartered Accountants
- Legal Counsel to the Company – MR. SANJAY KUMAR ATTRI
- Bankers to the Company – AXIS BANK LIMITED, ICICI BANK LIMITED, and STATE BANK OF INDIA
Quality Foils IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Quality Foils Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Quality Foils IPO Review FAQs
Check out various FAQs related to Quality Foils IPO:
What is the Issue Size of Quality Foils IPO?
The Company is making an initial public offer of 754,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Quality Foils IPO?
The price band for this particular IPO ranges between Rs 60. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Quality Foils IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 14, 2023, while the closing date is set at Mar 16, 2023.
What is the Quality Foils IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Mar 21, 2023, refund initiation is on Mar 22, 2023, credit of shares is on Mar 23, 2023, and share listing date is on Mar 24, 2023.
What is the Quality Foils IPO Listing Date?
Shares of this company shall be listed in the exchanges Mar 24, 2023. The date, when the listing would be done, is stagnant on Mar 24, 2023.
Who is the Registrar of Quality Foils IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Quality Foils?
Here are the promoters of this IPO – MR. KULDIP BHARGAVA AND MR. TEJASVI BHARGAVA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Quality Foils IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Quality Foils good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Quality Foils Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 161.88, 2021 is 95.86, and 2020 is 107.87. PAT from Jun 2022 is 205.99.
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