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Gold Plus Glass Industry IPO

Gold Plus Glass Industry IPO combines fresh issues of Rs 300 crore and an offer for sale of 12,826,224 equity shares. The company occupied a 16% market share in India's float glass manufacturing segment in Fiscal 2021.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

Gold Plus Glass IPO Important Dates

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About Gold Plus Glass

The company is India's second largest float glass manufacturer, with a 16% market share in Fiscal 2021. It also commands a 30% market share of sales volume for value-added glass and a 15% market share in the sales of clear glass.

Starting in 2009, Gold Plus Glass has established itself as a leading brand with two manufacturing units with an installed capacity of 1250 tonnes per day and a vast distribution network.

Gold Plus Glass IPO Objectives

• The company will spend the net proceeds from the fresh issues on repaying market borrowings and meeting working capital requirements.

Why should you invest in the Gold Plus Glass IPO?

  • The float glass industry in India is a concentrated segment with only five players. Gold Plus Glass has the second largest market share in Fiscal 2021.
  • The industry expects a substantial rise in demand at 12-14% CAGR post-pandemic.
  • They are the largest producer in north India with two manufacturing units with an additional facility coming up in Belgaum, Karnataka, with 292,000 TPA production capacity.

Financial Highlights

Particulars (in Rs. Crores) For the year/period ended (₹ in million)
  FY 21 FY 20 FY 19
Revenue From Operation 8,525.81 6,286.53 7,803.83
EBITDA 1,573.16 376.70 470.30
EBITDA Margin (%) 18.45 5.99 6.03
Profit After Tax 576.46 (799.06) (790.76)
EPS      
ROE 27.21 (51.85) (33.79)

How to apply for Gold Plus Glass IPO?

Retail investors need to apply for the IPO using UPI.

UPI

  • Link your bank to a UPI id
  • Register your UPI id with your Demat account
  • Subscribe for Gold Plus Glass IPO and approve the payment on your UPI

Demat Account

Gold Plus Glass Noteworthy Highlights:

  • They have an expanded product portfolio with 22 value-added glass products and 11 kinds of processed glass products.
  • Comprehensive product range catering to various industries.
  • There are only six organised players in the domain and no unorganised competitors.

The Brand’s Pros & Cons:

Pros Cons
The industry has a high entry barrier, which helps in keeping the competition level low. The capital-intensive nature of the industry makes the expansion process expensive.
Float glass is the highest growing building material in India. The company enjoys significant demand for its products. The company continues to face competition from imports.
They enjoy an extensive distribution network with a large business associate base. It may hurt the company's future cash flow if it fails to use its manufacturing capacity fully.

Competitive Analysis: Market Peers

Gold Plus Glass continues to face competition from listed competitors and importers.

Company P/E EPS
Asahi India Glass Limited 82.67 5.47
Borosil Renewables 80.45 7.56

Gold Plus Glass IPO FAQs

What is Gold Plus Glass IPO?

The Gold Plus Glass Industry IPO is a combination of new shares worth Rs 300 crore and an offer for sale of 12 crore equities.

When will Gold Plus Glass IPO allotment be available?

Details not available.

What will be Gold Plus Glass IPO lot size?

Details not available.

When will Gold Plus Glass IPO open for subscription?

Details not available.

What minimum lot size can retail investors subscribe to?

Retail investors need to apply for a minimum of one lot.

When will Gold Plus Glass list on exchanges?

It usually takes ten working days from the last day of subscription to list the IPO on the bourses.

How to check the allotment status of Gold Plus Glass IPO?

Existing Angel One customers must log in to their account to check Gold Plus Glass IPO allotment status.
Keep your application number, DP id, and PAN number available when checking allotment status.

What would be the listing gains on Gold Plus Glass IPO?

Listing gain is the difference between the IPO's opening and offer prices.
The listing gain reflects changing investors' interests, global parameters, and short vs long-term outlooks.

I have finished the application process for Gold Plus Glass IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.

Can I alter my bid for Gold Plus Glass IPO after confirming its final application?

Investors can change the lot size using the changing/revising form available with the application kit. But it could be challenging to complete the process within the given time.

Can I submit more than one application for the public issue of Gold Plus Glass using one PAN?

No. Only one application at a time is allowed against one PAN card.

Who is the owner of Gold Plus Glass?

Subhas Tyagi is the Chairman and whole-time director of Gold Plus Glass. He is also one of the promoters of the company.

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