Gold Plus Glass Industry is India’s second-largest float glass maker, with a 16 percent share of float glass production capacity in Fiscal 2021. Gold Plus Glass Industry IPO will hit the stock market in September 2022.
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About Gold Plus Glass Industry
Their extensive operations and concentration on the value-added glass segment have helped them become one of India’s leading competitors, with a 30% market share of value-added glass sales and a 15% market share of clear glass sales.
They are the largest float glass maker in north India, as well as the only one having two manufacturing lines at one location, with a total capacity of 1,250 tonnes per day.
They began commercial production in 2009 and have since built their brand and network infrastructure to become one of the top float glass manufacturers, offering a wide selection of clear & value-added glass.
They are one of just two manufacturers in India who can produce a full spectrum of clear & value-added glass.
Products
Clear glass, 22 types of value-added glass goods, & 11 types of processed glass products are available in thicknesses ranging from 2 mm to 12 mm.
Their products are used in a variety of applications such as the exterior & interior spaces of residential and commercial buildings, furniture, infrastructure projects, windshields, sunroofs, & white goods, and they cater to a variety of end use industries including construction, automotive, & industrial sectors.
They’ve dramatically extended & diversified their product offering in recent years, with a strategic focus on increasing production of value-added glass, which normally has greater margins than clear glass.
Sales of value-added glass have climbed from 893.85 million in 2019 to 4,970.79 million since they started production on line 2 of their Roorkee facility.
Production Plant
They have a single manufacturing site in Roorkee, Uttarakhand, where they make all of their clear & value-added glass. The Roorkee plant covers 97.40 acres and has two float glass manufacturing lines with a combined annual capacity of 456,250 TPA (equivalent to 1,250 TPD).
Both of their production lines are fungible, meaning they can produce both clear & value-added glass, allowing them to meet market demand for both types of products.
They feel that their Roorkee factory’s location to northern and eastern India markets, the fungibility of their two production lines at the same facility, and the capacity to create a broad range of clear and value-added glass products provide important competitive advantages. Their operate processing plant at Kala Amb, Himachal Pradesh.
Gold Plus Glass Industry IPO
Gold Plus Glass Industry Limited, headquartered in Delhi has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 300 Crore and 12,826,224 Equity Shares on 08 April 2022.
The offer includes a fresh issue 300 crore and there is offer for sale (OFS) of 12,826,224 Equity Shares by the promoters mentioned in the DRHP. They are not looking for any Pre-IPO placement in this issue.
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- Initial Public Offering
They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 1,282.63 | 1,185.52 | 1,254.84 | 1,245.27 | |
| Total Revenue | 1,036.72 | 869.43 | 655.81 | 801.64 | |
| Profit After Tax | 172.50 |
57.65 | (79.91) | (79.08) | |
Basic and Diluted Earnings Per Share
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2021 | 7.62 | 6.17 | 3 |
| Financial Year 2020 | (10.56) | (10.56) | 2 |
| Financial Year 2019 | (10.45) | (10.45) | 1 |
| Weighted Average | (1.45) | (2.18) | |
| 30 Sep. 2021 | 22.80 | 18.47 |
Objects of the Issue
- Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
- To meet common corporate objectives.
Basis of the offer
They feel that the following qualitative factors & business strengths enable them to compete successfully in the industry, and that these factors will be used to calculate the Offer Price:
- Leading player in India’s high-growth glass industry, with severe entry obstacles.
- A diverse product portfolio that caters to a variety of sectors.
- A broad business associate base and a large distribution network.
- A manufacturing plant with a huge capacity and advanced infrastructure that is strategically positioned.
- A well-known brand with well-targeted sales and marketing efforts.
- Improving financial results.
- Promoters and management team with a track record of success, backed by major investors.
Gold Plus Glass Industry Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Asahi India Glass Limited | 82.67 |
| 2 | 1 | Borosil Renewables Limited | 80.45 |
- All financial data for listed industry peers is on a standalone/consolidated basis and comes from the audited consolidated/standalone financial statements of the respective firms for the year ending March 31, 2021, which can be found on the Stock Exchanges’ websites.
- The P/E ratio is calculated by dividing the closing market price of equity shares on the NSE on April 04, 2022 by the diluted EPS derived from the peer group company’s annual report for the year ended March 31, 2021.
Gold Plus Glass Industry IPO Details
| IPO Opening Date | September 2022 |
| IPO Closing Date | September 2022 |
| Issue Type | Book Building |
| Face Value | 10 per share |
| IPO Price | 0 to 0 per equity share |
| Market Lot | – |
| Min Amount | – |
| Listing At | BSE, NSE |
| Issue Size | – |
| Fresh Issue | 300 Crore |
| Offer for Sale | 12,826,224 Equity Shares |
Gold Plus Glass Industry IPO Date
Gold Plus Glass Industry Limited IPO opening date is September 2022, and the closing date is September 2022. The Gold Plus Glass Industry issue may list in September 2022.
| IPO Opening Date | September 2022 |
| IPO Closing Date | September 2022 |
| Basis of Allotment Date | September 2022 |
| Initiation of Refunds | September 2022 |
| Credit of Shares to Demat Account | September 2022 |
| IPO Listing Date | September 2022 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 75 |
Roughly equivalent
|
| Non Institutional Investor | 15 |
Roughly equivalent
|
| Retail | 10 | Minimum 1 lot based on availability |
Gold Plus Glass Industry Limited IPO Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of Gold Plus Glass Industry IPO.
Gold Plus Glass Industry IPO GMP
Gold Plus Glass Industry Limited IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:
| Date | GMP (in Rs) | Subject to Sauda | Kostak (in Rs) |
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Check Out the GMP of all Other IPOs
Gold Plus Glass Industry Limited IPO Review
Gold Plus Glass Industry Limited IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Gold Plus Glass Industry IPO is good or bad.
Gold Plus Glass Industry Limited IPO Risk
- 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.
Other Threats
- They are susceptible to government regulation if they do not seek, maintain, or renew the necessary statutory and regulatory licences, permits, & permissions to conduct business.
- Certain legal and regulatory processes are or may be pending against their company, promoters, & directors. Any negative outcome in these proceedings could have a significant negative impact on their business.
- They are vulnerable to counterparty credit risk, & any delay or non-receipt of payments might have a negative impact on their financial results.
- Their manufacturing plants rely on a consistent and reliable supply of energy, water, gas, and fuel. Any shortage or disruption in electricity/gas, water, or fuel supply may cause operations to be disrupted, resulting in greater operational costs and a decrease in operating margins.
Gold Plus Glass Industry Limited IPO Brokerage views
Once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this Gold Plus Glass Industry IPO:
- Yes Securities : Not Updated
- Choice Brokering: Not Updated
- Axis Securities: Not Updated
- IIFL Securities: Not Updated
- Trade swift: Not Updated
- Anand Rathi : Not Updated
- ICICI Securities: Not Updated
Gold Plus Glass Industry Limited IPO Subscription Status
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| September 2022 | 1 | |||||
| September 2022 | 2 | |||||
| September 2022 | 3 |
Gold Plus Glass Industry Limited Management
Their promoters & senior management have played a key role in the company’s success. Subhash Tyagi, their Promoter & Chairman, is a significant figure in the glass manufacturing sector and is in charge of the company’s strategic planning and expansion.
Suresh Tyagi, their vice-Chairman & full-time Director, has extensive experience in the glass industry and has been with them since the beginning.
Members of their top management have worked in the manufacturing industry for a long time. Their operations and expansion plan are overseen by Jimmy Tyagi, their Chief Executive Officer.
Their Chief Operating Officer, Vivek Dubey, has been with the firm for over two decades, and their Chief Financial Officer, Tarun Jain, has also been with the company for over two decades.
Gold Plus Glass Industry Limited‘ Promoters
- Subhash Tyagi
- Suresh Tyagi
- Jimmy Tyagi
- Aashish Tyagi
Promoter’s Holding
| Pre Issue Share Holding | 97.51% |
| Post Issue Share Holding |
Gold Plus Glass Industry Limited Prospectus
Contact Details
Gold Plus Glass Industry Limited
4th Floor, Kings Mall,
Sector 10, Rohini
New Delhi 110 085,
Delhi, India
Tel: +91 11 6637 6000
E-mail: [email protected]
Website: www.goldplusgroup.com
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: [email protected]
Website: www.kfintech.com
Lead Manager(s)
- Axis Capital Limited
- Jefferies India Private Limited
- SBI Capital Markets Limited
- JM Financial Limited
We hope we are able to answer all your questions about Gold Plus Glass Industry IPO. If you don’t have a Demat account, open it now with Zerodha best trading app of India.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
Profit must do not engage in grey market trading or facilitate the purchase or sale of IPO forms. We don’t endorse such activities at all. We are sticky against such activities & never advise anyone to trade in grey market at all.
FAQ
Gold Plus Glass Industry Limited IPO Opening Date?
Gold Plus Glass Industry Limited IPO will open in September 2022.
Gold Plus Glass Industry Limited IPO Listing Date?
Gold Plus Glass Industry Limited IPO will list in September 2022.
Gold Plus Glass Industry Limited IPO GMP Today?
Gold Plus Glass Industry IPO Grey Market Premium is INR 0 .
Gold Plus Glass Industry Limited IPO Allotment Date?
Gold Plus Glass Industry Limited IPO basis of allotment will be in September 2022.
Lot size for Gold Plus Glass Industry Limited IPO?
Lot size for Gold Plus Glass Industry Limited IPO is 0.
