GSM Foils Ltd - IPO

GSM Foils Ltd IPO Details

Initial public offering of 34,40,000 equity shares of face value of Rs. 10/- each (Equity Shares) of GSM Foils Limited (GSM or The Company or The Issuer) for cash at a price of Rs. 32/- per equity share (including a premium of Rs. 22/- per equity share) (Issue Price) aggregating to Rs. 11.01 crores (The Issue) of which 1,76,000 equity shares aggregating to Rs. 0.56 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 32,64,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 32/- per equity share aggregating to Rs. 10.45 crores (Net Issue). The issue and the net issue will constitute 26.85 % and 25.48 % of the post issue paid-up equity share capital of the company.The face value of the equity shares is Rs. 10/- each and the issue price is 3.2 times of the face value.

Objective of issue

Funding of capital expenditure towards purchase of plant and machineries. Funding working capital requirements of the company. General corporate purpose.

GSM Foils Ltd Contact Details

GSM Foils Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investors@gsmfoils.com

Website - www.gsmfoils.com