Incorporated in 1997, Glory Polyfilms Limited (GPL) is in business of packaging & printing for various segments of food and FMCG industry. 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 is entering the capital markets with an initial public offering, IPO of 82,20,000 Equity Shares, for cash, at a premium to be decided through a Fixed Price Issue.
The price for the issue has been fixed at Rs 48/- for equity share of Rs 10. The issue opens on May 09, 2007, and closes for subscription on May 15, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).