Gold Plus Glass Industry IPO Upcoming
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About Gold Plus Glass Industry
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
*All figures except EPS are in ₹ Crores
Risks
- 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.