Gold Plus Glass Industry Ltd is the second-largest float glass manufacturer with 16% share of manufacturing capacity for float glass in Fiscal 2021. The company’s integrated operations and focus on value-added glass segment has led us to become one of the leading players with 30% market share of sales volume for value-added glass and 15% market share of sales volume for clear glass in Fiscal 2021.
Gold Plus Glass Industry Ltd product portfolio comprises clear glass, 22 kinds of value-added glass products and 11 kinds of processed glass products, of varying thickness between 2 mm and 12 mm. The company’s products cater to a range of end use industries including construction, automotive, and industrial sectors, with a variety of applications such as exterior and interior spaces of residential and commercial buildings, furniture, infrastructure projects, windshields, sun-roofs, and white goods.
Gold Plus Glass Industry Ltd operate a single manufacturing facility for all of the clear and value-added glass, located at Roorkee, Uttarakhand. The Roorkee facility, spread across 97.40 acres and includes two float glass production lines with an aggregate annual capacity of 456,250 TPA (equivalent to 1,250 TPD).
As of December 31, 2021, The company had 1,299 business associates, that include distributors, processors and large retailers, across 24 States and four Union Territories in India. The company also had 59 business associates in eight international markets.
Gold Plus Glass IPO – Details
| IPO Opening Date | November 2022 |
| IPO Closing Date | November 2022 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ₹[] Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹[] – ₹[] |
| Market Lot | – |
| Min Order | – |
| Listing At | BSE NSE |
| Register | KFin Technologies Limited |
| QIB Shares Offered | 75% |
| Retail Shares Offered | 10% |
| NII (HNI) Shares Offered | 15% |
Gold Plus Glass IPO – Date Schedule
| IPO Open Date | November 2022 |
| IPO Close Date | November 2022 |
| Basis of Allotment Date | November 2022 |
| Initiation of Refunds | November 2022 |
| Credit of Shares to Demat Account | November 2022 |
| IPO Listing Date | November 2022 |
Gold Plus Glass IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | – | – | – |
| Maximum | – | – | – |
Competitive Strengths
- Leading player in the high-growth Indian glass industry with significant barriers to entry;
- Comprehensive product portfolio catering to a wide range of industries;
- Extensive distribution network with a large business associate base;
- Strategically located manufacturing facility with large capacity and advanced infrastructure;
- Well established brand with targeted sales and marketing initiatives;
- Improving financial performance; and
- Experienced promoters and management team supported by marquee investors.
Company Promoters
- Subhash Tyagi
- Suresh Tyagi
- Jimmy Tyagi
- Aashish Tyagi
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2019 | 801.64 | 880.71 | -79.07 |
| 31 March 2020 | 655.81 | 735.71 | -79.90 |
| 31 March 2021 | 869.43 | 853.50 | 57.64 |
| 31 December 2021 | 1036.71 | 805.90 | 172.50 |
Object Of The Issue
- Repayment/prepayment of all or certain of our borrowings.
- Funding incremental working capital requirements of our Company.
- General corporate purposes.
Gold Plus Glass IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Asahi India Glass Limited | 82.67 |
| 2 | 1 | Borosil Renewables Limited | 80.45 |
Gold Plus Glass IPO Strengths
- Leading player in the high-growth Indian glass industry with significant barriers to entry.
- Extensive distribution network with a large business associate base.
- Strategically located manufacturing facility with large capacity and advanced infrastructure.
- Improving financial performance.
Gold Plus Glass IPO Risks
- All of their glass goods are currently manufactured at a single manufacturing plant in Roorkee, which has two production lines.
- They are currently extending its operations in the southern and western states of India, including the establishment of a new manufacturing facility in Karnataka.
- Their intended capacity expansion plans are vulnerable to unanticipated implementation delays and cost overruns.
- The COVID-19 pandemic’s long-term influence on their business operations & financial performance is unknown, and it could be detrimental to their operations.
- They rely on third-party transportation suppliers for both raw material procurement & product distribution, and any disruption in these services could have a negative impact on their business.
- Their business prospects may be compromised if they are unable to secure further financing.
Gold Plus Glass IPO Promoter Holding
| Pre Issue Share Holding | 97.51% |
| Post Issue Share Holding | – |
Gold Plus Glass IPO Prospectus
Company Contact Information
| Gold Plus Glass Industry Limited 4th Floor, Kings Mall, Sector 10, Rohini New Delhi 110 085, Delhi, India Phone: +91 11 6637 6000 Email: compliance@goldplusgroup.com Website: www.goldplusgroup.com |
Gold Plus Glass IPO Registrar
| KFin Technologies Limited Selenium, Tower B, Plot No. 31 and 32 Financial District Nanakramguda, Serilingampally Hyderabad, Rangareddi 500 032 Telangana, India Tel: +91 40 6716 2222 E-mail: gpgil.ipo@kfintech.com Website: www.kfintech.com |
Gold Plus Glass IPO Lead Manager(s)
| 1. Axis Capital Limited 2. Jefferies India Private Limited 3. SBI Capital Markets Limited 4. JM Financial Limited |
Gold Plus Glass IPO FAQs
| What is Gold Plus Glass IPO? Gold Plus Glass IPO is a main-board IPO. The issue is priced at ₹[] to ₹[] per equity share. The IPO is to be listed on BSE NSE. |
| When Gold Plus Glass IPO will open? The IPO is to open on November 2022 for QIB, NII and Retail Investors. |
| What is Gold Plus Glass IPO Investors Portion? The investors’ portion for QIB-75%, NII-15%, and Retail 10%. |
| How to Gold Plus Glass IPO? You can apply Gold Plus Glass IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Gold Plus Glass IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Gold Plus Glass”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Gold Plus Glass IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Gold Plus Glass”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Gold Plus Glass IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Gold Plus Glass”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Gold Plus Glass IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Gold Plus Glass”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Gold Plus Glass IPO Size? Gold Plus Glass IPO size is ₹[] crores. |
| What is Gold Plus Glass IPO Price Band? Gold Plus Glass IPO Price Band is ₹[] to ₹[]. |
| What is Gold Plus Glass IPO Minimum and Maximum Lot Size? The minimum bid is [] Shares with ₹[] amount while the maximum bid is [] shares with ₹[]. |
| What is the Gold Plus Glass IPO Allotment Date? Gold Plus Glass IPO allotment date is November 2022. |
| What is the Gold Plus Glass IPO Listing Date? Gold Plus Glass IPO listing date is November 2022. The IPO is to list on BSE NSE. |
