Incorporated in 1990, Quality Foils (India) Limited is engaged in the manufacturing and exporting of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible Hoses/pipes.
The company uses raw materials of premium quality i.e. Hot Rolled Stainless Steel Coils/Strips mainly from Jindal Stainless Hissar Limited, Hissar to produce its products.
Quality Foils is among India’s prospering manufacturers and exporters of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible hose pipes. The entity has experience of over three decades in the manufacturing of stainless steel products.
The products of the company are categorized in two segments, which are:
- Cold Rolled Stainless Steel Coils/Strips;
- Stainless Steel Flexible Hose Pipes
The deliverables of Quality Foils (India) Limited are offered under the brand name “Quality”. The products of the company are further used in the manufacturing of SS Tube/Pipe, Utensils, Cutlery, Kitchen Sinks, Stainless Steel Flexible Hoses.
Further, these are used for Automobile components and Flexible Hose pipes for major applications such as high temp & medium pressure for Hydraulic Oil, Hot Water, Steam & Gas applications, chemical resistance, exhaust systems of steel, power, petrochemical, sugar, automobile, and many other heavy engineering sectors.
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 |
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 Details
| IPO Date | Mar 14, 2023 to Mar 16, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹60 per share |
| Lot Size | 2000 Shares |
| Issue Size | 754,000 shares of ₹10 (aggregating up to ₹4.52 Cr) |
| Fresh Issue | 754,000 shares of ₹10 (aggregating up to ₹4.52 Cr) |
| Market Maker portion | 38,000 shares |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Company Promoters | Mr. Kuldip Bhargava and Mr. Tejasvi Bhargava are the Promoters of the company. |
Quality Foils (India) IPO Tentative Timetable
Quality Foils (India) IPO opens on Mar 14, 2023, and closes on Mar 16, 2023. The Quality Foils (India) IPO bid date is from Mar 14, 2023 10.00 A.M. to Mar 16, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Mar 14, 2023 |
| Closing Date | Mar 16, 2023 |
| Basis of Allotment | Mar 21, 2023 |
| Initiation of Refunds | Mar 22, 2023 |
| Credit of Shares to Demat | Mar 23, 2023 |
| Listing Date | Mar 24, 2023 |
Quality Foils (India) IPO Lot Size
The Quality Foils (India) IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹120,000 |
| Retail (Max) | 1 | 2000 | ₹120,000 |
| HNI (Min) | 2 | 4,000 | ₹240,000 |
Quality Foils (India) IPO Promoter Holding
| Pre Issue Share Holding | 72.80% |
| Post Issue Share Holding |
Quality Foils (India) IPO Prospectus
Company Contact Information
Quality Foils (India) Limited
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
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/