Quality Foils (India)
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 14 Mar 2023 – 16 Mar 2023
- Listing date
- 24 Mar 2023
- Face value
- ₹10 per share
- Issue price
- ₹60 per share
- Lot size
- 2,000 shares
- Issue type
- Fixed Price issue
- Total issue size
- ₹4.52 Cr
- Market cap at offer price
- ₹17.12 Cr
- Promoter holding
- 72.80% → 53.57% pre-issue → post-issue
- ISIN
- INE0O1M01015
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Khambatta Securities Ltd.
- Registered office
- 3, Industrial Development Colony, Haryana
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 38,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹60
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,20,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,40,000 |
| S-HNI (max) | 8 | 16,000 | ₹9,60,000 |
| B-HNI (min) | 9 | 18,000 | ₹10,80,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 11.56 | — |
| P/E (×) | 5.19 | — |
| Market cap | — | ₹17.12 Cr |
Key performance indicators
- Return on net worth
- 7.97%
- ROCE
- 12.56%
- Debt / equity
- 2.44
- PAT margin
- 0.88%
- EBITDA margin
- 13.55%
- NAV per share
- ₹1,450.91
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Quality Foils (India)
Quality Foils (India) Limited traces its origins to the partnership firm 'Quality Foils' formed under a partnership deed dated October 03, 1989; it was converted into a private limited company (incorporated May 08, 1990) and subsequently into a public limited company in November 2022 ahead of this IPO. The company operates a single manufacturing facility at 3, Industrial Development Colony, Hisar, Haryana (16,239 sq. yards, located 3-5 km from its principal raw-material supplier Jindal Stainless Hisar Limited), with an 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. Under its 'Quality' brand it manufactures and exports two broad product categories: Cold Rolled Stainless Steel Coils/Strips (precision strips 0.20 mm to 3.50 mm thickness, max width 710 mm) and Stainless Steel Flexible Hose Pipes (DN 10 to DN 250, grades SS304/SS321/SS316L with wire braiding). It makes money predominantly from sales of CR stainless steel strips/coils (about 92-94% of revenue from operations), followed by hose pipes (~3-4%), scrap sales, job work & processing charges and export benefits, selling to domestic manufacturers and traders and exporting since 2005 to countries including Germany, UK, Philippines, Sri Lanka, Turkey, Poland and Bogota Colombia (exports were 2.26% of revenue for the six months ended September 30, 2022). Raw materials (hot/cold rolled coils) were sourced more than 95% from Jindal Stainless Hisar Limited in the last three financial years. In FY2022 the company reported total income of Rs. 18,030.63 lakhs and profit after tax of Rs. 161.88 lakhs.
Company Analysis
from RHPQuality Foils (India) Limited is a manufacturer and exporter of cold rolled stainless steel coils/strips and stainless steel flexible hose pipes, operating in the stainless steel products industry.
Quality Foils (India) Limited traces its origins to the partnership firm 'Quality Foils' formed under a partnership deed dated October 03, 1989; it was converted into a private limited company (incorporated May 08, 1990) and subsequently into a public limited company in November 2022 ahead of this IPO. The company operates a single manufacturing facility at 3, Industrial Development Colony, Hisar, Haryana (16,239 sq. yards, located 3-5 km from its principal raw-material supplier Jindal Stainless Hisar Limited), with an 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. Under its 'Quality' brand it manufactures and exports two broad product categories: Cold Rolled Stainless Steel Coils/Strips (precision strips 0.20 mm to 3.50 mm thickness, max width 710 mm) and Stainless Steel Flexible Hose Pipes (DN 10 to DN 250, grades SS304/SS321/SS316L with wire braiding). It makes money predominantly from sales of CR stainless steel strips/coils (about 92-94% of revenue from operations), followed by hose pipes (~3-4%), scrap sales, job work & processing charges and export benefits, selling to domestic manufacturers and traders and exporting since 2005 to countries including Germany, UK, Philippines, Sri Lanka, Turkey, Poland and Bogota Colombia (exports were 2.26% of revenue for the six months ended September 30, 2022). Raw materials (hot/cold rolled coils) were sourced more than 95% from Jindal Stainless Hisar Limited in the last three financial years. In FY2022 the company reported total income of Rs. 18,030.63 lakhs and profit after tax of Rs. 161.88 lakhs.
Objects of the Issue
- Funding capital expenditure requirements towards purchase of machinery Rs. 151.21 Lakhs p.82
- Working Capital Requirement including margin money Rs. 225.00 Lakhs p.85
- General Corporate Purpose Rs. 36.19 Lakhs p.86
- Issue Expenses Rs. 40.00 Lakhs p.86
Issue Structure
- Total Issue
- Rs. 452.40 Lakhs (Public Issue of 7,54,000 Equity Shares)
- Fresh Issue
- Up to 7,54,000 Equity Shares of face value of Rs. 10/- each for cash at a price of Rs. 60.00 per Equity Share aggregating to Rs. 452.40 Lakhs (includes Market Maker Reservation Portion of 38,000 Equity Shares aggregating Rs. 22.80 Lakhs; Net Issue 7,16,000 Equity Shares aggregating Rs. 429.60 Lakhs)
- Offer for Sale
- N.A. - not applicable as the entire issue constitutes a fresh issue of equity shares
- Price Band
- Fixed Price Issue; Issue Price Rs. 60/- per Equity Share (including share premium of Rs. 50/- per Equity Share); the Issue Price is 6 times the face value
- Lot Size
- 2,000 Equity Shares and in multiples thereof (minimum allotment of 2,000 Equity Shares)
- Face Value
- Rs. 10/- each
Business Model
Revenue comes from manufacturing and sale of Cold Rolled Stainless Steel Coils/Strips (Rs. 16,740.03 lakhs, 93.11% of FY2022 revenue from operations) and Stainless Steel Flexible Hose Pipes (Rs. 675.05 lakhs, 3.75%), supplemented by scrap sales, job work & processing charges, and duty drawback/other export benefits. Products are sold in the domestic market to manufacturer-customers and traders, and internationally to manufacturers/traders via marketing representatives (exports began in 2005; Germany, UK, Philippines, Sri Lanka, Turkey, Poland, Bogota Colombia).
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Kuldip Bhargava | Promoter | 29.66% | 21.82% |
| Mr. Tejasvi Bhargava | Promoter | 5.89% | 4.33% |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.