Quality Foils (India) Limited IPO (Quality Foils (India) IPO) Detail

Mar 14, 2023 - Mar 16, 2023

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.

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 over three decades of experience in manufacturing stainless steel products.

The deliverables of Quality Foils (India) Limited are offered under the brand name "Quality".

Quality Foils (India) Limited products are sold both in the domestic as well as international markets. The company have exported its products to more than seven countries, including Germany, the UK, the Philippines, Sri Lanka, Turkey, Poland and Bogota Colombia.

The company has one manufacturing plant located in Hisar, Haryana. Manufacturing Facility have a total installed capacity of 12,000 MT per annum for CR Stainless steel coils/strips and 2,00,000 meters per annum for SS Hose pipes.

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 Size754,000 shares
(aggregating up to ₹4.52 Cr)
Fresh Issue754,000 shares
(aggregating up to ₹4.52 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME

Quality Foils (India) IPO Reservation

Other Shares Offered358,000 (50.00%)
Retail Shares Offered358,000 (50.00%)
Market Maker portion38,000 shares (KHAMBATTA SECURITIES LTD.)
Total Shares Offered716,000

Quality Foils (India) IPO Tentative Timetable

Quality Foils (India) IPO opens on Mar 14, 2023, and closes on Mar 16, 2023.

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
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

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

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)

CategorySubscription (times)

Total Application : 46,477 (259.65 times)

Company Financials

Quality Foils (India) Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
Amount in ₹ Lakhs

Quality Foils (India) IPO Key Performance Indicator

KPI Values
P/E (x)4.16
Market Cap (₹ Cr.)17.12

Quality Foils (India) IPO Review (May apply)

[Dilip Davda]  QFIL is a small player in manufacturing cold roll SS stipes/coils/rolls and pipes. It has marked consistent growth in its performance except for the FY21 setback due to the Pandemic. Small paid-up equity post IPO indicates longer gestation for migration to the mainboard. Based on its FY23 super earnings, the issue is lucratively priced while based on FY22 earnings it is fully priced. Well-informed investors may lap it up for the medium to long-term rewards. Read detail review...

Objects of the Issue

The company intends to utilize the proceeds of the Issue to meet the following objects: -

  1. Funding capital expenditure requirements towards purchase of machinery
  2. To meet the working capital requirements of the Company;
  3. General Corporate Purpose;
  4. To meet the Issue Expenses

Quality Foils (India) IPO Prospectus

Quality Foils (India) IPO Rating

Rating:Rated 3.7 stars
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Quality Foils (India) IPO Listing Details

Listing Date Mar 24, 2023
BSE Script Code
Final Issue Price ₹60 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Company Contact Information

Quality Foils (India) Limited
3, Industrial Development Colony,
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/

Quality Foils (India) IPO Analysis

Quality Foils (India) IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 5 0 1

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Quality Foils (India) IPO FAQs

Quality Foils (India) IPO is a SME IPO of 754,000 equity shares of the face value of ₹10 aggregating up to ₹4.52 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Mar 14, 2023, and closes on Mar 16, 2023.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Quality Foils (India) IPO using UPI as a payment gateway. Zerodha customers can apply in Quality Foils (India) IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Quality Foils (India) IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Quality Foils (India) IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Quality Foils (India) IPO opens on Mar 14, 2023 and closes on Mar 16, 2023.

Quality Foils (India) IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Quality Foils (India) IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Quality Foils (India) IPO will be done on Mar 21, 2023, and the allotted shares will be credited to your demat account by Mar 23, 2023. Check the Quality Foils (India) IPO allotment status.

The Quality Foils (India) IPO listing date is on Mar 24, 2023.
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