Gold Plus Glass Industry files DRHP with SEBI for IPO
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Gold Plus Glass Industry has filed draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The IPO comprises fresh issue of equity shares aggregating up to Rs 300 crore and an offer-for-sale (OFS) up to 12,826,224 equity shares by promoters and an existing shareholder.
The company proposes to utilise the net proceeds from the fresh issuance of equity shares towards funding debt as well as working incremental requirements and general corporate purposes. IIFL Securities, Axis Capital, Jefferies India and SBI Capital Markets are the book running lead managers to the issue.
Gold Plus Glass Industry is one of the leading float glass makers in India, with 16 per cent share of manufacturing capacity in fiscal 2021. The company's products cater to a range of end-use industries including automotive, construction and industrial sectors, with a variety of applications
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