GSM Foils IPO Subscription Status, GMP Price Today and More
GSM Foils IPO Subscription Status shows that the company has been subscribed 52.75 times at the time of 16.14 IST on May 27th, NSE Data, and GMP Price Today is Rs 8.
by Damodharan N
Updated May 27, 2024
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GSM
GSM was founded in 2019 and indulges in the manufacturing of blister foils and pharma foils. The company, since its inception, has been trying to improve its market base and clientele.
The company's products have been applauded by pharmaceutical companies for their abrasion resistance and high tensile strength. The company's main line of products includes blister foil, aluminum strip pharma foil, printed aluminum pharma foil, and blister foil slited reel, all of which are primarily used in medicine capsule packing.
The company recently started the IPO (initial public offering) with an issue date of May 24, 2024, and it ends on May 28, 2024. Know its subscription status below from NSE.
GSM Foils IPO Subscription Status
The GSM listed its shares for an IPO on the NSE on May 24, 2024. The company's security type is SME, which is a small and medium company, and it will get listed on the NSE Emerge platform according to SEBI norms and regulations.
The company has been subscribed for more than 52.75 times at the time of 16.14 IST on May 27th, according to NSE Data, and the total size of the issue is 34,40,000 equity shares with a face value of ₹ 10, and the issue price is 3.2 times the face value per equity share.
The total amount is 11.01 crore worth of equity shares. The IPO is offered to three categories based on market capability: retail individual investors (RIIs), non-institutional investors (NIIs), and qualified institutional buyers (QIBs).
Below is the data on bids to subscribe by three broad groups and the number of shares each group bought on May 27th 16.24 IST NSE Live Data.
|
SR. NO. |
CATEGORY |
NO. OF SHARES BID FOR |
|
1 |
Qualified Institutional Buyers (QIBs) |
48,000 |
|
1(a) |
Foreign Institutional Investors (FIIs) |
8,000 |
|
2 |
Non Institutional Investors |
4,27,08,000 |
|
2(a) |
Corporates |
1,76,000 |
|
2(b) |
Individuals (Other than RIIs) |
4,01,32,000 |
|
2(c) |
Others |
24,00,000 |
|
3 |
Retail Individual Investors (RIIs) |
15,90,20,000 |
|
3(a) |
Cut Off |
- |
|
3(b) |
Price bids |
15,90,20,000 |
GSM Foils IPO GMP Today
The GSM GMP (grey market price) for today is Rs 8. The company’s IPO price shows that the company has a favorable view of the market, and the sub2 saudarate is also consistent with 24300, which represents the price at which shares are being brought into the grey market.
The company's expected listing price when it goes online on the NSE Emerge platforms is ₹40, which is a 25% premium over the IPO price of ₹32.
|
GMP Date |
IPO Price |
GMP |
Sub2 Sauda Rate |
Estimated Listing Price |
|
27-05-2024 |
32.00 |
₹8 |
24300 |
₹40 (25%) |
|
26-05-2024 |
32.00 |
₹8 |
24300 |
₹40 (25%) |
|
25-05-2024 |
32.00 |
₹8 |
24300 |
₹40 (25%) |
|
24-05-2024 |
32.00 |
₹8 |
24300 |
₹40 (25%) |
GSM Foils IPO Review
The GSM Foils IPO from the data on NSE and informal Grey market shows that the company will be listed above the IPO listing price in the stock market when it gets listed on NSE emerge platforms which is a dedicated platform for SMEs (Small and Medium enterprise).
The no of subscribers for Qualified Institutional Buyers (QIBs) and Retail Individual Investors (RIIs) data from NSE show the company has a more promising future in the share market with retail individual investors showing greater interest on the company.
So we have to wait and see at least for a quarter or full financial year. And how the share market will take the GSM Foils in this journey ahead.
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GSM Foils IPO Subscription Status - FAQs
1. What does GSM Foils manufacture?
GSM Foils manufactures blister foils and pharma foils for medicine capsule packaging.
2. When is the GSM Foils IPO subscription period? .
The IPO subscription period is from May 24, 2024, to May 28, 2024
3. How many times has the GSM Foils IPO been subscribed to?
The IPO has been subscribed to 52.75 times as of May 27, 2024.
4. What is the GMP (grey market price) of GSM Foils IPO today?
The GMP of the GSM Foils IPO today is ₹8. on May 27th.
5. What is the estimated listing price of GSM Foils shares?
The estimated listing price is ₹40, which is a 25% premium over the IPO price of ₹32.
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