Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
The SEBI approval for proposed Initial Public Offer (IPO) of Gold Plus Glass Industry Ltd. expired on July 1, 2025. Gold Plus Glass Industry Ltd. had filed the DRHP with SEBI on February 9, 2024 for the Initial Public Offer (IPO).
Gold Plus Glass Industry Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on NSE and BSE. IIFL Capital Services Ltd. was the book running lead manager and Kfin Technologies Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, Feb 9, 2024 |
| SEBI/Exchange approval received | Mon, Jul 1, 2024 |
| SEBI approval expired | Tue, Jul 1, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2005, Gold Plus Glass Industry Limited is engaged in the manufacturing of float glass in India. As of September 30, 2023, the company holds a 22% share of the country’s float glass manufacturing capacity (Source: CRISIL Report). The company operates three fungible production lines capable of manufacturing both clear and value-added glass at two facilities located in Roorkee, Uttarakhand, and Belgaum, Karnataka, with a combined capacity of 2,050 tonnes per day (TPD).
Product Portfolio
Gold Plus Glass Industry Limited manufactures a wide range of glass products, including:
These products are used across various applications such as:
Manufacturing Facilities & Capacity
The company’s manufacturing capacity is spread across two strategic locations:
The Belgaum facility has undergone phased expansion:
Regional Reach & Market Segments
Gold Plus Glass Industry Limited has expanded from a single-location to a multi-location manufacturing model. The company has historically served northern and eastern India through its Roorkee facility. With the Belgaum facility becoming operational, it is now positioned to serve southern and western markets, including demand for solar glass, more efficiently.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 3,142.71 | 2,581.25 | 1,655.91 | 1,185.52 |
| Total Income | 842.23 | 1,442.50 | 1,435.33 | 869.43 |
| Profit After Tax | 42.48 | 217.15 | 248.67 | 57.65 |
| NET Worth | 1,144.29 | 1,102.24 | 885.28 | 211.86 |
| Total Borrowing | 1,389.89 | 874.48 | 337.83 | 563.55 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/prepayment of all or certain of the borrowings. | 400.00 |
| 2 | General corporate purposes. |
| KPI | Mar 31, 2023 |
|---|---|
| ROE | 19.70% |
| ROCE | 16.10% |
| Debt/Equity | 0.79 |
| RoNW | 19.70% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 70.44% |
Lead Manager Reports
Gold Plus Glass Industry IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Gold Plus Glass Industry IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Gold Plus Glass Industry IPO using UPI as a payment gateway. Zerodha customers can apply in Gold Plus Glass Industry IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gold Plus Glass Industry IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gold Plus Glass Industry IPO dates are not announced. Please check back again after some time.
Gold Plus Glass Industry IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Gold Plus Glass Industry IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Gold Plus Glass Industry IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Gold Plus Glass Industry IPO allotment status.
The Gold Plus Glass Industry IPO listing date is not yet announced. The tentative date of listing is .
