Quality Foils IPO subscription is to open on Mar 14, 2023 and will close on Mar 16, 2023, the price band of the Quality Foils IPO is fixed at ₹ 60. Quality Foils (India) Limited is manufacturers and exporters of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible Hoses/pipes.
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About Quality Foils
Quality Foils (India) Limited is manufacturers and exporters of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible Hoses/pipes. The company use raw material of premium quality i.e. Hot Rolled Stainless Steel Coils/Strips mainly from Jindal Stainless Hissar Limited, Hissar. Quality Foils (India) sourced the more than 95% of raw material consumed from Jindal Stainless Hissar Limited in last three financial years.
The company is one of the growing manufacturers and exporters of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible hose pipes in India having over thirty years of experience in the manufacturing of stainless-steel products in two broad categories:
i. Cold Rolled Stainless Steel Coils/Strips;
ii. Stainless Steel Flexible Hose Pipes
Objects of the Issue
- Funding capital expenditure requirements towards purchase of machinery
- To meet the working capital requirements of the Company;
- General Corporate Purpose; and
- To meet the Issue Expenses
Quality Foils Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in lakhs) | ||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 7,834.55 | 6,536.53 | 6,606.53 |
| Total income | 18,030.63 | 12,436.67 | 15,210.77 |
| Total Expenses | 17,808.98 | 12,304.18 | 15,079.18 |
| Profit After Tax | 161.88 | 95.86 | 107.87 |
Quality Foils IPO Price – Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 7,54,000 Equity Shares of ₹ 10 (aggregating up to ₹ 452.40 Lakhs) |
| Issue Open Date | 14-Mar-23 |
| Issue Close Date | 16-Mar-23 |
| Issue Type | Fixed Price |
| IPO Price Band | ₹ 60 |
| Face Value | ₹ 10 |
| Market Lot | 2000 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 2000 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE SME |
| NSE Symbol | QFIL |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Quality Foils IPO DRHP & RHP
Quality Foils IPO DRHP
Quality Foils IPO RHP
Quality Foils IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 2000 | ₹ 1,20,000 |
| Maximum | 1 | 2000 | ₹ 1,20,000 |
Quality Foils IPO Lead Managers
- Khambatta Securities Limited
Quality Foils IPO Registrar
Quality Foils (India) IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 14-Mar-23 |
| Bid / Offer Closes on | 16-Mar-23 |
| Finalisation of Basis of Allotment | 21-Mar-23 |
| Initiation of refunds | 22-Mar-23 |
| Credit of the Equity Shares | 23-Mar-23 |
| Listing Date | 24-Mar-23 |
Company Registered Office
3, Industrial Development Colony,
Hisar,
Haryana-125005, India
Website: www.qualitygroup.in
Company Promoters
- Mr. Kuldip Bhargava
- Mr. Tejasvi Bhargava
Quality Foils IPO – FAQS
What is the Quality Foils IPO Price?
The Quality Foils IPO price band is Rs.60 per share
When Quality Foils IPO will open?
The Quality Foils IPO opens on Mar 14, 2023 and closes on Mar 16, 2023
What is the lot size of Quality Foils IPO?
The Quality Foils IPO lot size is 2000 Equity Shares and the minimum order quantity is 2000 Equity Shares
Who is the Registrar for Quality Foils IPO?
The Registrar for Quality Foils IPO is Bigshare Services Private Limited
How to apply in Quality Foils IPO through UPI?
Check the step by step process here – Click here
How to apply in Quality Foils IPO through Zerodha?
Check the step by step process here – Click here
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