Quality Foils (India) Limited is a company that was established in 1990 and is involved in the production and exportation of Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible Hoses/pipes. The company is renowned for using high-quality raw materials, primarily Hot Rolled Stainless Steel Coils/Strips from Jindal Stainless Hissar Limited. With over three decades of experience in the manufacturing of stainless steel products, Quality Foils has emerged as one of India’s leading manufacturers and exporters in this field.
The company’s success is a result of its commitment to producing top-notch products that meet the highest industry standards. Quality Foils (India) Limited prides itself on using premium raw materials and modern production techniques to manufacture its products. As a result, the company has built a reputation for producing high-quality and durable stainless steel products that are exported to different parts of the world.
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 Size | 754,000 shares (aggregating up to ₹4.52 Cr) |
| Fresh Issue | 754,000 shares (aggregating up to ₹4.52 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Quality Foils (India) IPO Tentative Dates
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 |
Industry Overview
The stainless steel industry in India has been growing steadily over the years, driven by the increasing demand from various end-use industries such as construction, automotive, and household appliances. Quality Foils (India) Limited operates in the stainless steel products manufacturing sector and primarily produces Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible Hoses/pipes.
The Indian stainless steel market is expected to grow at a compound annual growth rate (CAGR) of around 6% during the forecast period 2021-2026. The growth of the market is attributed to the rising demand for stainless steel products from various end-use industries and the growing trend of infrastructure development in the country. Additionally, the increasing use of stainless steel in the automotive industry for lightweight and durable components is expected to boost the market’s growth.
Company Financials
Quality Foils (India) Limited Financial Information (Restated Standalone)
| 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 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/
Quality Foils (India) IPO Lead Manager(s)
- Khambatta Securities Limited (Past IPO Performance)
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