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PGP Glass Limited IPO

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PGP Glass Limited's is preparing to launch its Initial Public Offering (IPO) with a substantial issue size of TBD. The offering comprises a fresh issue component of TBD.

The price band for the IPO has been set at TBD, providing investors with a range to place their bids. The minimum investment lot consists of TBD, making it accessible to both retail and institutional investors.

The subscription window for this public offering opens on TBD and will conclude on TBD. Following the subscription period, the share allotment is scheduled for TBD, with the official listing expected to commence on TBD on the NSE, BSE exchange.

PGP Glass IPO Details

PGP Glass IPO About Company

PGP Glass Limited, formerly known as Piramal Glass, is a global leader in specialty glass packaging, focusing on the design, manufacturing, and decoration of glass products for the pharmaceutical, cosmetics and perfumery, and specialty food industries, and is owned by the Blackstone Group. The company generates more than half of its revenue from the cosmetics and perfumery segment and holds a strong position in Type I pharma glass. It operates major manufacturing facilities in Kosamba and Jambusar in India and Horana in Sri Lanka, with a combined production capacity of over 1,600 tonnes per day. PGP Glass is known for its premium glass offerings, including complex designs, thick-bottom bottles, and advanced decoration capabilities, and has a wide global presence with offices and warehouses across countries such as France, Germany, Turkey, Spain, Brazil, India, UAE, the UK, and Sri Lanka.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


The expected premium is based on market buzz and online information. It should not be considered as the actual listing price or valuation. Always refer to the RHP and seek advice from a financial expert before making any investment decisions.

PGP Glass IPO Strength Factors

  1. Specialized Glass Packaging Business: The company manufactures high-quality glass containers mainly for pharmaceuticals, cosmetics, and specialty products.
  2. Strong Presence in Premium Segments: Focus on high-end and value-added glass packaging helps in maintaining better margins.
  3. Global Customer Base: Supplies products to both domestic and international clients, supporting revenue diversification.

PGP Glass IPO Risk Factors

  1. Energy-Intensive Operations: Glass manufacturing requires high energy consumption, which may impact costs and margins.
  2. Dependence on Key Industries: Revenue is largely dependent on sectors like pharma and cosmetics.
  3. Working Capital Requirements: The business requires significant investment in raw materials and inventory.

PGP Glass IPO Lead Manager(s)

  • Axis Capital Limited
  • Bofa Securities India Limited
  • Goldman Sachs (India) Securities Private Limited
  • Hsbc Securities & Capital Markets Private Limited
  • SBI Capital Markets Limited

PGP Glass IPO Promoter(s)

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PGP Glass IPO Company Details

PGP Glass Limited
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PGP Glass IPO Registrar

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PGP Glass IPO FAQs