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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 |
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
- If you’re a new investor, open an Angel One Demat account for free and begin your investment journey.
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?
When will Gold Plus Glass IPO allotment be available?
What will be Gold Plus Glass IPO lot size?
When will Gold Plus Glass IPO open for subscription?
What minimum lot size can retail investors subscribe to?
When will Gold Plus Glass list on exchanges?
How to check the allotment status of Gold Plus Glass IPO?
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?
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?
Can I alter my bid for Gold Plus Glass IPO after confirming its final application?
Can I submit more than one application for the public issue of Gold Plus Glass using one PAN?
Who is the owner of Gold Plus Glass?
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