Quality Foils (India) Limited IPO : Company Info.

Quality Foils (India) Limited IPO is set to launch on 14 March, 2023. The company initiated its business operations in 1990. The company deals into manufacturing of Cold Rolled Stainless Coils or Strips and Stainless Steel Flexible Pipes or hoses. It uses the premium quality material as raw material from Jindal Stainless Hisar Limited. Its products offer the brand name Quality and it has a major place into manufacturing of its products in India. 

Its products are used in the manufacturing of Kitchen Sinks, SS Tube and Pipes, Cutlery, Utensils, etc. It is also used for Automotive components for their major application in Sugar, Automobile, Power and many other sectors. 

Quality Foils (India) Limited IPO DETAILS

Quality Foils (India) Limited IPO is set to launch on 14 March., 2023. The subscription timeline extends till 16 March, 2023. The size for the IPO is 4.52 Crore Rs. Shares issued through fresh issue mode are worth 4.52 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 60 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Bigshare Services Private Limited.

Tabular Description of Quality Foils (India) Limited IPO 

IPO OPENING DATE 14 March., 2023
CLOSING DATE FOR IPO 16 March, 2023
ISSUE TYPE Fixed Price Issue
Face Value per share 10 Rs. per share
IPO price band 60 Rs per share
LOT SIZE 2000 shares
MINIMUM ORDER QUANTITY 2000 shares
ISSUE SIZE 4.52 Crore Rs.
OFFER FOR SALE No shares are issued through offer for sale mode.
FRESH ISSUE 4.52 Crore Rs.
LISTING AT NSE SME
LISTING DATE 24 March, 2023

Quality Foils (India) Limited IPO : IMPORTANT DATES

IPO OPENING DATE 14 March., 2023
CLOSING DATE FOR IPO 16 March., 2023
IPO ALLOTMENT DATE 21 March, 2023
REFUNDS 22 March, 2023
DEMAT A/C CREDITED ON 23 March, 2023
IPO LISTING DATE 24 March, 2023

Quality Foils (India) Limited IPO begins for subscription from 14 March., 2023. The IPO subscription would continue till 16 March, 2023. The allotment status for the shareholders who applied would come on 21 March, 2023. The refunds for the ones who did not get allotment would be initiated on 22 March, 2023. The DEMAT accounts of shareholders would be credited on 23 March, 2023. The listing of the company would be accompanied on 24 March, 2023.

Quality Foils (India) Limited IPO : Lead Managers

The lead managers are :

  • Khambatta Services Private Limited

The minimum lot size for the company is decided at  2000 shares. This holding accounts to  120000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :

  Shares Amount
Minimum 2000 shares 120000 Rs.
Maximum 4000 shares 240000 Rs.

OBJECTIVES FOR THE IPO

  • IPO proceeds would be used for general corporate purposes.
  • The money raised will be also utilised for the working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.) 2019-20 2020-21 2021-22
ASSETS 6606 6536 7835
Revenue 15211 12436 18030
PAT 108 96 162

Quality Foils (India) Limited had an asset base of 6606 Lakh Rs in 2020 which increased to 7835 Lakh Rs in 2022. However the same decreased to 6536 Lakh Rs in 2021. The revenue of the firm was 15211 Lakh Rs in 2020 which decreased to 12436 Lakh Rs and then went to 18030 Lakh Rs again in 2022. The profits of the firm were 108 Lakh Rs in 2020 which decreased to 96 Lakh Rs in 2021 and increased to 162 Lakh Rs in 2022. Hence as we can notice the revenue, asset and profit of 2021 year is less than the previous year. However the drop in revenue figure is very big. Still the company managed to stay closer to the profit of 2020. 

PROS

  • Its products offer the brand name Quality and it has a major place into manufacturing of its products in India. 
  • Its products are used in the manufacturing of Kitchen Sinks, SS Tube and Pipes, Cutlery, Utensils, etc. It is also used for Automotive components for their major application in Sugar, Automobile, Power and many other sectors.
  • The company has more than 3 decades of experience in this field. 

CONS

  • The financials of the company are not consistent.

Quality Foils (India) Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

  1. Logging into Zerodha console through its website or KITE platform.
  2. Clicking the IPO link present in the Portfolio section.
  3. Click the Quality Foils (India) Limited IPO button and press the BID button.
  4. Entering the details asked for like UPI ID, Quantity and price.
  5. Submit the application form for the IPO.
  6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

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