India Foils is foolers scrip.
This company is loss making company for the last 3 years.
BIFR ordered and got re listed in NSE and BSE on friday.

It was trading in September 2008 havig face value Rs 10 with market price of Rs 13 and 90% capital reduced and present FV Rs 1 got listed at Rs 12 and gone upto Rs 23 per share.

FV Rs 10 avable in Sept 2008 for Rs 13
and peoples are buying the same in June 2009
FV Rs 1 for Rs 20/-

it looks like India Foils FV Rs. 10 buying for
Rs 200/-

Loss making company, BIFR order, Pre eq Rs 28 crs and after restructure paid up cap Rs 2.8 crs with FV Rs.1 (one)
No Dividends for 3 years
Bulk deals are happing with great brokers. What is this

dear

do u know this company is going to as big as ess dee as said by the promoters..they will make this co. profitable r they would have not investred apprx 250 crores dude

Trading will resume in India Foils (BSE code - 509684) post the reduction in share capital on June 19, 2009, as per the data available on the BSE website.

The brief particulars of reduction in share capital are as mentioned below:

a) The reduction in share capital of the Company was approved by the Hon`ble BIFR, vide its order dated August 18, 2008.

b) Effective Date: September 08, 2008

c) The issued, subscribed and paid-up equity capital of the company before the scheme of reduction in share capital was Rs 2834.73 lakh consisting of 2,83,47,363 equity shares of face value of Rs 10 each fully paid up.

d) The issued, subscribed and paid-up capital of the company post scheme of capital reduction comes to Rs 283.47 lakh consisting of 2,83,47,363 equity shares of face value of Re 1 each fully paid-up.

The company has fixed the Record date as September 29, 2008 for giving effect to the scheme of capital reduction and accordingly dealing in the abovementioned securities of the company was stopped with effect from September 22, 2008.

but as said by some one that this share face value is now rs.1 not 10 so also keep this in mind before investing

if ihave 1000 shares then it will become 10000 as face value is 1 now so is there any change in qty or it will be the same pls let me know

previoously i have 1000 shares now also the same so as per mmb the face value changed from 10 to 1 so is there any change in my qty or not as my demat account is showing the same qty so pls let me know pls

what is the future of this co. should i hold or sell n swift to some other co. n again it will delist now or will trade normally pls tell me pls

please look at this stock from a long term perspective. Note, that though the FV is rs 1 and if you say that the buying at rs 20 is equivalent to buying at rs 200, then also note that the no. of shares has reduced drastically so the EPS (once it is turned around in 2-3 quaters - as per ESS Dee) will be big. Also, note that the market cap is just 41 cr, for a company with apr 08 - dec 08 turnover of 75 cr...imagine what will happen to the market cap and eps once it is turned around. Note that india foils is the biggest company in its area in Asia....Its a great multi bagger in making.

The market cap is before the share was made of base value Rs. 1/- from Rs 10/- and Ess Dee took big preferential allotment at par value.
The present market cap will be more than 300 crs. How ever we need to detailed study. The stock may still be attractive.

Thanks

As far as i know the market cap of 41 cr is after re-listing....

buy as much as posible mulltibbiger stock target 75 whithin 6 month......