Quality Foils Limited -

Quality Foils Limited

Quality Foil India, incorporated in 1990, is a company that is involved in producing and exporting coils, cold-rolled stainless steel coils, and flexible pipes.

To manufacture the products, the company uses these raw materials, including Hot-Rolled stainless steel coils from Jindal Stainless Hissar Limited. They got almost 95% of their raw materials from Jindal Limited in the last 3 fiscal years.

The company has been producing stainless steel products for more than three decades. They have exported to over 7 countries until January 9, 2023, including Bogota Colombia, Turkey, Germany, the UK, the Philippines, Poland, and Sri Lanka.

Their products are divided into two segments:

Stainless steel flexible hose pipes
Cold-rolled stainless steel coils

Here are some products that are manufactured with the company’s products, including stainless steel pipes, kitchen sinks, flexible hoses, utensils, and cutlery.

purpose of issuing an IPO

To meet working capital requirements
to fulfill general corporate expenses
For Additional Purchase of Machinery
To cover up the issue expenses

Company Financials (Amount in lakhs)

Period Ended	Total Assets	Profit After Tax	Net Worth
31-Mar-21	6536.53	95.86	1869.39
31-Mar-22	7834.55	161.88	2031.27
30-Sep-22	7135.21	205.99	2237.26

IPO Details

Opening Date	Mar 14, 2023
Closing Date	Mar 16, 2023
Listing Date	Mar 24, 2023
Face Value	Rs.10 each share
Price	Rs.60 each share
Issue Size	7,54,000 shares
Fresh Issue	7,54,000 shares
Listing At	NSE SME