Incorporated in 1997, Glory Polyfilms Limited (GPL) is in business of packaging & printing for various segments of food and FMCG industry. GPL is a manufacturing company with ISO 9001:2000 and HACCP certification from TUV South Asia Private Limited.
Glory Polyfilms clients include large institutions, large scale industries, Co-operative unions, Boards and various small scale industries encompassing industries like Confectionery, Edible Oils, Atta, Flour, Tea, Milk Powder, Soft Drink Concentrates, Rice, Baking products, Ghee, Coffee, Vanaspati, Cereals, Chocolates, Biscuits, snack foods, Milk, Cheese, Hair Oil, Shampoo, Cosmetics, Detergent, Lube Oils and various other industries.
GPL's plant is located at Daman, approximately 160 km from City of Mumbai. This plant manufactures 3 layer and 5 layer barrier multi layer films. This plant has printing facility with automatic registration control and can print up to 8 colors and also has Solvent based and Solvent -less Lamination facility.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital
1. To part finance the expansion of Multilayer film producing capacity by 11652 MTPA, printing capacity by 4956 MTPA and lamination capacity by 3500 MTPA;
2. To meet the working capital margin requirements of the Company on account of the proposed expansion.
»» Issue Open: May 9, 2007 - May 15, 2007
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 8,220,000 Equity Shares of Rs 10 aggregating up to Rs 39.46 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs. 48 Per Equity Share
»» Market Lot: 125 Shares
»» Minimum Order Quantity: 125 Shares
»» Listing At: BSE, NSE
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