Gold Plus Glass Industry Limited IPO Details

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.