Initial public issue of 82,20,000 equity shares of Rs. 10/- each for cash at a premium of Rs.38/- per equity share aggregating Rs.39.46 Crores (hereinafter referred to as the issue). The issue would constitute 47.06% of the fully diluted post issue paid-up capital of Glory Polyfilms limitedThe face value of the equity share is Rs.10/- and the issue price is 4.8 times of the face value.Issue Price : Rs.48/- per Equity Share of Rs.10/- each