IPO profile
Gold Plus Glass Industry
GPGIL · NSE
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Application & Issue Details
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Company Overview
Incorporated in 1985, Gold Plus Glass Industry Limited contributes to India’s float glass sector, holding a 16% manufacturing capacity share as of Fiscal 2021. The company is active in both the value-added and clear glass segments, with respective market shares of 30% and 15%. The company operates a production line with a capacity of 1,250 tonnes per day, offering clear glass, 22 types of value-added glass, and 11 processed glass products ranging from 2 to 12 mm in thickness. Their products serve diverse industries like construction, automotive, and industrial sectors, with applications in building spaces, furniture, infrastructure, and automotive components. As of December 31, 2021, the company established a wide distribution network with 1,299 associates in 24 States and 4 Union Territories in India, plus 59 associates across 8 international markets.
Important Dates
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Grey Market Premium (GMP)
No GMP has been reported for this IPO. Estimates are not shown rather than assuming a GMP of zero.
Grey Market Premium (GMP) is unofficial and indicative. Actual listing price may differ.
Indicative Listing Estimate
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Company Strengths & Risks
Key risks
- Manufacturing Operations Dependency: The single manufacturing facility in Roorkee is crucial for production. Any disruption could significantly impact business operations and financial performance.
- Expansion Risks: Plans to expand operations into southern and western states, including setting up a new facility in Karnataka, pose management and relationship risks. Failure to manage the new facility or establish strong business relationships may adversely affect business prospects and financial performance.
- Utilization of Net Proceeds: There’s uncertainty regarding the timely realization of expected benefits from utilizing the net proceeds, including repayment of borrowings and meeting working capital requirements.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 8:02 pm IST
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.