Gold Plus Glass Industry IPO Details
MAINBOARD
Gold Plus Glass Industry IPO DRHP (Draft Red Herring Prospectus) has been Filed With SEBI.
Offer for Sale consists of 1,56,67,977 shares (aggregating up to ₹0.00 Cr.).
The Lead Managers for Gold Plus Glass Industry IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is IIFL Capital Services Ltd, Axis Capital Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Gold Plus Glass Industry Limited DRHP.
Gold Plus Glass Industry IPO Details
Gold Plus Glass Industry IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
To be announced | |||
Gold Plus Glass Industry IPO Reservation
Promoter Holding
Documents
Gold Plus Glass Industry IPO Valuations
Gold Plus Glass Industry Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,142.71 | 2,581.25 | 1,655.91 | 1,185.52 |
| Total Income | 842.23 | 1,442.50 | 1,435.33 | 869.43 |
| Profit After Tax | 42.48 | 217.15 | 248.67 | 57.65 |
| Net Worth | 1,144.29 | 1,102.24 | 885.28 | 211.86 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 1,389.89 | 874.48 | 337.83 | 563.55 |
| Amount in ₹ Crore | ||||
About Gold Plus Glass Industry IPO
Incorporated in 2005, Gold Plus Glass Industry Limited is engaged in the manufacturing of float glass in India. As of September 30, 2023, the company holds a 22% share of the country’s float glass manufacturing capacity (Source: CRISIL Report). The company operates three fungible production lines capable of manufacturing both clear and value-added glass at two facilities located in Roorkee, Uttarakhand, and Belgaum, Karnataka, with a combined capacity of 2,050 tonnes per day (TPD).
Product Portfolio
Gold Plus Glass Industry Limited manufactures a wide range of glass products, including:
- Clear glass
- 28 types of value-added glass products
- 11 types of processed glass products
- Special thickness clear glass ranging from 15 mm to 19 mm
These products are used across various applications such as:
- Exterior and interior spaces of residential and commercial buildings
- Furniture and infrastructure projects
- Automotive components like windshields and sunroofs
- White goods and industrial uses
Manufacturing Facilities & Capacity
The company’s manufacturing capacity is spread across two strategic locations:
- Roorkee, Uttarakhand: 1,250 TPD
- Belgaum, Karnataka: 800 TPD as of September 30, 2023
The Belgaum facility has undergone phased expansion:
- Phase-I was completed in Q1 Fiscal 2024
- Phase-II, including a solar glass production line, began trial production in December 2023 with commercial production expected from February 2024
- Phase-III (Production Line 4) is expected to be completed in Q1 Fiscal 2025, increasing total capacity to 3,150 TPD
Regional Reach & Market Segments
Gold Plus Glass Industry Limited has expanded from a single-location to a multi-location manufacturing model. The company has historically served northern and eastern India through its Roorkee facility. With the Belgaum facility becoming operational, it is now positioned to serve southern and western markets, including demand for solar glass, more efficiently.
Strength Of Gold Plus Glass Industry IPO
Risk Of Gold Plus Glass Industry IPO
Objectives Gold Plus Glass Industry IPO
1. Repayment/prepayment of all or certain of the borrowings.
2. General corporate purposes.
Company Contact Details
Gold Plus Glass Industry Ltd.
4 th Floor, Kings Mall
Sector 10,
Rohini
Delhi, New Delhi, 110085
Phone: +91 11 6637 6000
Email: compliance@goldplusgroup.com
Website: https://goldplusgroup.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Gold Plus Glass Industry IPO - FAQs
The Gold Plus Glass Industry IPO is a MAINBOARD public issue comprising 0 equity shares with a face value of ₹10 each, aggregating to a total issue size of . The issue price has been fixed at ₹0 per equity share, and the minimum application size is 0 shares.
The IPO opens for subscription on TBA, and closes on TBA.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at TBA.