IPO Details

Bidding Dates

14 Mar '23 - 16 Mar '23

Minimum Investment

₹120,000 / 1 Lots ( 2000 Shares )

Price Range


Maximum Investment

₹120,000 / 1 Lots ( 2000 Shares )

Retail Discount

To be announced

Issue Size

₹4.52 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

Mar 14, 2023

IPO Close Date

Mar 16, 2023

IPO Allotement Date

Mar 21, 2023

Initiation Of Refunds

Mar 22, 2023

Credit Of Shares To Demat Account

Mar 23, 2023

IPO Listing Date

Mar 24, 2023

IPO Subscription Details


Day 1Mar 14, 2023

10.68 8.03 10.36

Day 2Mar 15, 2023

54.08 44.08 50.09

Day 3Mar 16, 2023

464.50 259.65 364.38

IPO Subscription Status Live

Investor Category Subscription (Times)
Non-Institutional Buyers 464.50
Retail Investors 259.65
Total 364.38

About Company

The company manufactures and exports cold rolled stainless steel, coil and stainless steel flexible hose pipes. Quality Foil was started by its promoters as a partnership business and later converted to a private company. It has over 30 years of experience in the industry and markets its products under the brand name Quality. 

Their only manufacturing unit in Hisar, Haryana, has an annual installed capacity of 12,000 MT. The products have different use cases in steel, power, petrochemicals, sugar, automobile, and other heavy engineering sectors.

Quality Foils (India) Ltd. IPO Objective

The company proposes to utilise the funds in the following areas.

  • To meet working capital requirements
  • General corporate purposes 
  • Cover issue expenses 

Why should you invest in Quality Foils (India) Ltd.?

Here are your top reasons to bid for the Quality Foils (India) Limited IPO.

  • Their quality-conscious business model has earned them international recognition, such as ISO 9001:2015 and ISO 45001:2018 from TUV SUD South Asia Pvt. Ltd & Quality Research Organisation.
  • Instead of diversifying, the company specialises in two core products with multiple use cases.
  • They cater to a diverse clientele located in India and abroad. They have been exporting since 2005 to countries in the European Union, Germany, the UK, Philippines, Sri Lanka, Turkey, Poland, and Bogotá Colombia.

Quality Foils (India) Ltd. Noteworthy highlights

  • Quality foils earned a profit of ₹205.99 lakh during the period that ended on September 30, 2022.
  • The business for Quality Foils comes from new projects and repair and maintenance, ensuring a stronger order book. 

Quality Foils India Company Financials

Particulars Revenue from Operation (₹ lakh) Year ending on March 31, 2022 (₹ lakh) Year ending on March 31, 2021 (₹ lakh)
Revenue from Operation 10,445.27 17,978.58 15,146.59
Profit After Tax (PAT) 205.99 161.88 95.86
EBITDA 410.47 695.58 612.56
Current Asset 4,843.94 5,514.31 4,258.43
Current Liabilities 4,409.03 4,910.98 4,097.11

Know before investing


  1. The company has been in the same business for 30 years plus which gives it an edge.

  2. Plans to expand their global footprint by adding more foreign markets to their existing list.

  3. In-house teams for quality assurance and R&D to meet and adapt to new technology.


  1. There are some legal cases pending against the company promoters.

  2. A lack of long-term contracts can affect the company’s future cash flow.

  3. Dependency on a limited number of customers for the majority of revenue.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Quality Foils India IPO FAQs

What is Quality Foils (India) Ltd. IPO?

Quality Foil (India) Ltd. IPO of ₹4.52 crore is a fixed price issue. The IPO share price is fixed at ₹60 with a lot size of 2000 equities per lot. The subscription window will open on March 14, 2023. 

When will Quality Foils (India) Ltd. IPO allotment be available?

The basis of the allotment date is March 21, 2023.

What will be the Quality Foils (India) Ltd. IPO lot size?

One lot of Quality Foils (India) Ltd. IPO has 2000 shares.

When will Quality Foils (India) Ltd. IPO open for subscription?

The IPO will open on March 14, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Quality Foils (India) Ltd. list on exchanges?

The listing date of Quality Foils (India) Ltd. on BSE SME is March 24, 2023.

How to check the allotment status of Quality Foils (India) Ltd. IPO?

You can check the allotment status of your IPO application from the Angel One app.

To check the IPO allotment status, enter the application number, DP ID, and PAN number into the app. 

What would be the listing gains on the Quality Foils (India) Ltd. IPO?

Listing gain refers to the difference of the IPO’s opening and offer prices. The listing gain is influenced by changing investors’ interests, global parameters, and short vs long-term outlooks.

I have finished the application process for Quality Foils (India) Ltd. IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date

How to approve the UPI mandate request for Quality Foils (India) Ltd. IPO?

Login to your UPI handle and approve the payment mandate to complete the IPO application process.

Can I submit more than one application for the public issue of Quality Foils (India) Ltd. using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for Quality Foils (India) Ltd. IPO?

The minimum size of the application will be one lot of 2000 shares.