Gold Plus Glass Industry Limited IPO

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IPO date To be announced
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What does Gold Plus Glass Industry Limited do?

Incorporated in 1985, Gold Plus Glass Industry Limited contributes to India’s float glass sector, holding a 16% manufacturing capacity share as of Fiscal 2021. The company is active in both the value-added and clear glass segments, with respective market shares of 30% and 15%.

The company operates a production line with a capacity of 1,250 tonnes per day, offering clear glass, 22 types of value-added glass, and 11 processed glass products ranging from 2 to 12 mm in thickness. Their products serve diverse industries like construction, automotive, and industrial sectors, with applications in building spaces, furniture, infrastructure, and automotive components. As of December 31, 2021, the company established a wide distribution network with 1,299 associates in 24 States and 4 Union Territories in India, plus 59 associates across 8 international markets.

Financials of Gold Plus Glass Industry Limited IPO (₹ crores)

Financial Year Total Assets Total Revenue Profit After Tax EBITDA EPS
March 31, 2019 1,245.26 801.64 (79.51) 47.03 (10.45)
March 31, 2020 1,254.83 655.81 (79.87) 37.67 (10.56)
March 31, 2021 1,185.51 869.43 57.74 157.31 6.17
December 31, 2021 1,282.63 1036.72 172.36 334.97 18.47

Risk factors to consider:

Manufacturing Operations Dependency: The single manufacturing facility in Roorkee is crucial for production. Any disruption could significantly impact business operations and financial performance.

Expansion Risks: Plans to expand operations into southern and western states, including setting up a new facility in Karnataka, pose management and relationship risks. Failure to manage the new facility or establish strong business relationships may adversely affect business prospects and financial performance.

Utilization of Net Proceeds: There’s uncertainty regarding the timely realization of expected benefits from utilizing the net proceeds, including repayment of borrowings and meeting working capital requirements.

What is the issue size of Gold Plus Glass Industry Limited IPO?

The company’s public offer includes a fresh issue of equity shares aggregating up to ₹300 crores and an offer for sale of up to 1.28 crore equity shares, with the total value yet to be announced.

How to apply to the Gold Plus Glass Industry Limited IPO?

You can apply for the Gold Plus Glass Industry Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How to check the allotment status for the Gold Plus Glass Industry Limited IPO?

You can check the allotment status for the Gold Plus Glass Industry Limited IPO on the website of the Registrar and Transfer agent.