GSM Foils IPO GMP is Rs 11.01 crores. The issue is entirely a fresh issue of 34.4 lakh shares. The company has established a manufacturing facility at the Sapphire Building in Thane, Vasai, Maharashtra, covering an area of 7,973 square feet across the ground plus 3 floors. The manufacturing facilities are fully equipped with tools, machinery, and amenities necessary to support seamless manufacturing processes, hassle-free production, quality testing, research, storage, and packaging.

The GSM Foils IPO date for subscription is May 24, 2024, and closes on May 28, 2024. The allotment for the GSM Foils IPO is expected to be finalised on Wednesday, May 29, 2024. GSM Foils IPO will list on NSE SME with a tentative listing date fixed for Friday, May 31, 2024.

GSM Foils IPO price is ₹32 per share. The minimum lot size for an application is 4000 shares. The minimum amount of investment required by retail investors is ₹128,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹256,000.