Quality Foils (India) Limited, established in 1990, is a prominent manufacturer and exporter specializing in Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible Hoses/pipes. The company sources its premium-quality raw materials, primarily Hot Rolled Stainless Steel Coils/Strips, from Jindal Stainless Hissar Limited.
With over three decades of experience in manufacturing stainless steel products, Quality Foils has emerged as one of India’s thriving manufacturers and exporters in this industry.
Operating under the brand name “Quality,” the company delivers exceptional products that meet stringent quality standards.
Quality Foils (India) Limited enjoys a robust presence in both domestic and international markets, with product exports to more than seven countries, including Germany, the UK, the Philippines, Sri Lanka, Turkey, Poland, and Bogota, Colombia.
Their manufacturing plant, located in Hisar, Haryana, is equipped with cutting-edge facilities. The plant has a total installed capacity of 12,000 metric tons per annum for CR Stainless steel coils/strips and 2,00,000 meters per annum for SS Hose pipes.
Through a steadfast commitment to excellence and continuous innovation, Quality Foils (India) Limited has established itself as a reliable player in the global stainless steel industry, catering to diverse markets with their premium products.
Quality Foils (india) Limited Stock Quote #
- Open: ₹80.00
- High – Low: ₹80.00 – ₹77.00
- Previous Close: ₹82.50
- Total Traded Value: 24,000
- Updated On: Jul 21, 2023 4:00 PM
Quality Foils (India) IPO Details #
| IPO Date | Mar 14, 2023 to Mar 16, 2023 |
| Listing Date | Mar 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 |
| Market Maker portion | 38,000 shares Khambatta Securities |
Quality Foils (India) IPO Reservation #
| 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 Timetable (Tentative) #
Quality Foils (India) IPO opens on Mar 14, 2023, and closes on Mar 16, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Tuesday, 14 March 2023 |
| Closing Date | Thursday, 16 March 2023 |
| Basis of Allotment | Tuesday, 21 March 2023 |
| Initiation of Refunds | Wednesday, 22 March 2023 |
| Credit of Shares to Demat | Thursday, 23 March 2023 |
| Listing Date | Friday, 24 March 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mar 16, 2023 |
Quality Foils (India) IPO Lot Size #
The Quality Foils (India) IPO lot size is 2000 shares.
| 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 | |||
Quality Foils (India) IPO Promoter Holding #
Mr. Kuldip Bhargava and Mr. Tejasvi Bhargava are the Promoters of the company.
| Pre Issue Share Holding | 72.80% |
| Post Issue Share Holding |
Company Financials #
| 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 | |||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 4.16 |
| Market Cap (₹ Cr.) | 17.12 |
Objects of the Issue #
The company intends to utilize the proceeds of the Issue to meet the following objects: –
- Funding capital expenditure requirements towards purchase of machinery
- To meet the working capital requirements of the Company;
- General Corporate Purpose;
- To meet the Issue Expenses
Quality Foils (India) IPO Subscription Status (Bidding Detail) #
The Quality Foils (India) IPO is subscribed 364.38 times on Mar 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)
Quality Foils (India) IPO Prospectus #
- › Quality Foils (India) IPO DRHP
- › Quality Foils (India) IPO RHP
Quality Foils (India) IPO Listing Details #
| Listing Date | Mar 24, 2023 |
| BSE Script Code | |
| NSE Symbol | QFIL |
| ISIN | INE0O1M01015 |
| Final Issue Price | ₹60 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹60.00 |
| ₹100.00 |
| ₹95.00 |
| ₹102.00 |
| ₹97.70 |
Check IPO Performance…
Company Contact Information #
3, Industrial Development Colony,
Hisar,
Haryana-125005
Phone: 01662-220327, 28
Email: cs@qualityfoils.com
Website: http://www.qualitygroup.in/
Quality Foils (India) IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Quality Foils (India) IPO Lead Manager(s) #
Frequently Asked Questions #
What is the IPO Date and Price for Quality Foils (India) Limited? #
Quality Foils (India) Limited IPO opened on March 14, 2023, and closed on March 16, 2023. The IPO price was set at ₹60 per equity share.
When will Quality Foils (India) IPO be listed on the stock exchange? #
The Quality Foils (India) IPO is scheduled to be listed on the NSE SME on March 24, 2023.
What is the lot size for the Quality Foils (India) IPO? #
The lot size for the Quality Foils (India) IPO is 2000 shares.
What is the total issue size of the Quality Foils (India) IPO? #
The Quality Foils (India) IPO had a total issue size of 754,000 equity shares, aggregating up to ₹4.52 Crores.
How can retail investors apply for Quality Foils (India) IPO shares? #
Retail investors could apply online for Quality Foils (India) IPO shares through banks using the ASBA facility or through the broker using UPI.
What is the subscription status of the Quality Foils (India) IPO? #
The Quality Foils (India) IPO was oversubscribed by 364.38 times for the total issue size.
What is the basis of allotment for Quality Foils (India) IPO? #
The basis of allotment for the Quality Foils (India) IPO was finalized on March 21, 2023.
Can I check the Quality Foils (India) IPO Allotment Status? #
The Quality Foils (India) IPO Allotment Status can be checked by visiting the official website.
Who are the promoters of Quality Foils (India) Limited? #
The promoters of Quality Foils (India) Limited are Mr. Kuldip Bhargava and Mr. Tejasvi Bhargava.
What are the objects of the Quality Foils (India) IPO? #
The company proposes to utilize the net proceeds from the IPO for capex on new machinery, working capital, and general corporate purposes.
Please note that the information provided above is based on the data available. For the latest and most accurate information, please refer to the official sources and websites.
