About Company
Incorporated in 1990, Quality Foils (India) Limited is manufacturing and exporting Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible Hoses/pipes. Quality Foil was started by its promoters as a partnership business and later converted into a private company. It has over 30 years of experience in the industry and markets its products under the brand name Quality.
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.
Their only manufacturing unit in Hisar, Haryana, has an annual installed capacity of 12,000 MT. The products have different use cases in steel, power, petrochemicals, sugar, automobile, and other heavy engineering sectors.
Quality Foils (India) Limited products are sold in the domestic and international markets. The company has exported its products to over seven countries, including Germany, the UK, the Philippines, Sri Lanka, Turkey, Poland, and Bogota, Colombia.
| Minimum Investment ₹120,000 / 1 Lots ( 2000 Shares ) | Maximum Investment ₹120,000 / 1 Lots ( 2000 Shares ) |
| Price Range ₹60 | Issue Size ₹4.52 Cr |
| Investor category and sub category Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors | Retail Discount To be announced |
IPO Dates
Important dates with respect to IPO allotment and listing
| IPO Open Date Mar 14, 2023 | IPO Close Date Mar 16, 2023 |
| IPO Allotment Date Mar 21, 2023 | Initiation Of Refunds Mar 22, 2023 |
| Credit Of Shares To Demat Account Mar 23, 2023 | IPO Listing Date Mar 24, 2023 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Non-Institutional Buyers | 464.50 |
| Retail Investors | 259.65 |
| Total | 364.38 |
IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
| Day 1 Mar 14, 2023 | 10.68 | 8.03 | 10.36 |
| Day 2 Mar 15, 2023 | 54.08 | 44.08 | 50.09 |
| Day 3 Mar 16, 2023 | 464.50 | 259.65 | 364.38 |
Quality Foils (India) Ltd. IPO Objective
The company proposes to utilise the funds in the following areas.
- To meet working capital requirements
- General corporate purposes
- Cover issue expenses
Why should you invest in Quality Foils (India) Ltd.?
Here are your top reasons to bid for the Quality Foils (India) Limited IPO.
- Their quality-conscious business model has earned them international recognition, such as ISO 9001:2015 and ISO 45001:2018 from TUV SUD South Asia Pvt. Ltd & Quality Research Organization.
- Instead of diversifying, the company specializes in two core products with multiple use cases.
- They cater to a diverse clientele located in India and abroad. They have been exporting since 2005 to countries in the European Union, Germany, the UK, Philippines, Sri Lanka, Turkey, Poland, and Bogotá Colombia.
Quality Foils (India) Ltd. Noteworthy highlights
- Quality foils earned a profit of ₹205.99 on September 30, 2022.
- The business for Quality Foils comes from new projects and repair and maintenance, ensuring a stronger order book.
IPO Financials
| Particulars | Revenue from Operation (₹ lakh) | Year ending on March 31, 2022 (₹ lakh) | Year ending on March 31, 2021 (₹ lakh) |
|---|---|---|---|
| Revenue from Operation | 10,445.27 | 17,978.58 | 15,146.59 |
| Profit After Tax (PAT) | 205.99 | 161.88 | 95.86 |
| EBITDA | 410.47 | 695.58 | 612.56 |
| Current Asset | 4,843.94 | 5,514.31 | 4,258.43 |
| Current Liabilities | 4,409.03 | 4,910.98 | 4,097.11 |
Know before investing
Strengths
- The company has been in the same business for 30 years, which gives it an edge.
- Plans to expand their global footprint by adding more foreign markets to their existing list.
- In-house teams for quality assurance and R&D to meet and adapt to new technology.
Risks
- Some legal cases are pending against the company promoters.
- A lack of long-term contracts can affect the company’s future cash flow.
- Dependency on a limited number of customers for the majority of revenue.
Please Click Here to Apply Quality Foils India IPO
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