Glory Polyfilms IPO
Glory Polyfilms IPO — date, price band, lot size & details 2007
Glory Polyfilms listed on 18 Jun 2007 at ₹48, flat to the ₹48 issue price.
Glory Polyfilms makes multilayer packaging films and printed laminates at Daman for food companies such as Mother Dairy and Ruchi Soya. It had 3000 MT of multilayer film capacity.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 13 November.
- Open 09 May 2007
- Close 15 May 2007
- Allotment TBA
- Refund/credit TBA
- Listing 18 Jun 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 9 to 15 May, 2007 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 125 Shares |
| Issue Size | ₹39.46 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 6,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 125 shares at the ₹48 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 125 | ₹6,000 |
| Retail (max) | 33 | 4,125 | ₹1,98,000 |
| S-HNI (min) | 34 | 4,250 | ₹2,04,000 |
| S-HNI (max) | 166 | 20,750 | ₹9,96,000 |
| B-HNI (min) | 167 | 20,875 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Multilayer film capacity rose from 1980.00 MT to 3000.00 MT.
- 02Capacity use rose to 97.21% in FY2006 and 98.09% in nine months to December 2006.
- 03Its clients included at least 2 large food firms, Mother Dairy and Ruchi Soya Industries.
- 04Return on net worth was 20.34%.
Risks · 5
- 01It was running close to full capacity, at 97.21%, so growth needed new plant.
- 02Polymer prices follow crude oil; its film capacity was 3000.00 MT.
- 03It depended on a few food and edible oil companies for orders, and ran at 98.09% of capacity.
- 04All production was at 1 factory at Daman.
- 05Promoter holding fell from 100% before the issue to 52.94% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Glory Polyfilms offer document.
| Metric | 31 Dec 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Total Income | 29.68 | 39.18 | 36.60 | 18.97 |
| Profit After Tax | 2.67 | 2.67 | 1.20 | 0.36 |
| NET Worth | 15.60 | 13.11 | 9.71 | 5.02 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Glory Polyfilms RHP.
Where the money goes
₹43.19 Cr of the issue is earmarked to named objects.
About the company
It is a medium sized maker of multilayer films and printed packaging with ISO 9001:2000 and HACCP certification.
Its factory is at village Kadiya in Daman. Multilayer film capacity rose from 1980.00 MT to 3000.00 MT, with 97.21% use in FY2006. Its clients included at least 2 large food firms, Mother Dairy and Ruchi Soya Industries.
The IPO was Rs 39.46 crore and was entirely a fresh issue at a fixed price of Rs 48.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Glory Polyfilms IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Srei Capital Markets Ltd
11 issues handledBest listing: Suryachakra Power Corp (+50.0%). Weakest: Vikash Metal & Power (-40.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Glory Polyfilms?
The current Grey Market Premium is ₹0.
What is the Glory Polyfilms IPO price band?
₹48, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 18 June 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
