Quality Foils (India) Limited IPO
i. Quality Foils (India) Limited is manufacturers and exporters of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible Hoses/pipes. The Company use raw material of premium quality i.e. Hot Rolled Stainless Steel Coils/Strips mainly from Jindal Stainless Hissar Limited, Hissar. The company sourced more than 95% of raw material consumed from Jindal Stainless Hissar Limited in last three financial years.
ii. They are one of the growing manufacturers and exporters of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible hose pipes in India having over thirty years of experience in the manufacturing of stainless-steel products in two broad categories:
i. Cold Rolled Stainless Steel Coils/Strips;
ii. Stainless Steel Flexible Hose Pipes.
iii. Under their brand name “Quality”, they supply their Products i.e. Cold Rolled Stainless Steel Coils/Strips in for manufacture of SS Tube/Pipe, Utensils, Cutlery, Kitchen Sinks, Stainless Steel Flexible Hoses and Automobile components and Flexible Hose pipes to major applications such as high temp & medium pressure for Hydraulic Oil, Hot Water, Steam & Gas applications, chemical resistant, exhaust systems of steel, power, petrochemical, sugar, automobile and many other heavy engineering sectors.
iv. They have one manufacturing plant which is strategically located at 3, Industrial Development Colony, Hisar, Haryana-125005, having total area of 16,239 Sq, yards. (“Manufacturing Facility”) in close around 3-5 kilometers from the main source of raw material i.e. Jindal Stainless Hisar Limited, that helps us in reducing their logistic costs on procurement of raw materials.
v. They sell their products both in the domestic as well as the international markets. In the domestic market, they sell their Products to the manufacturer customers as well as to the traders and in the international market they supply their Products to the manufacturers and traders and through certain marketing representatives.
i. International Accreditations and product approvals
ii. Specialised production of Cold Rolled Stainless Steel Coils/Strips and Hose Pipes
iii. Multi-fold demand of the Products
Objects of the Quality Foils (India) Limited IPO:
Quality Foils (India) Limited IPO Details:
|Open Date:||Mar 14 2023|
|Close Date:||Mar 16 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||4.52 Cr.|
|Lot Size:||2000 Shares|
|Issue Price:||₹ 60 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Mar 24 2023|
Promoters And Management:
Financials of Quality Foils (India) Limited IPO:
|Particulars ( In Crore )||6MFY23||2022||2021||2020|
|Revenue from Operations||104||179||123||151|
|Cost of Materials Consumed||85||157||100||129|
|Change in Inventories||4||-5||3||-1|
|Employee Benefits Expense||2||5||4||5|
|Depreciation & Amortisation||0.74||1||1||1|