Agarwal Toughened Glass India Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | November 28, 2024 to December 2, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Price | ₹ 105 to ₹ 108 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 57,99,600 shares (aggregating up to ₹ 62.64 Cr) |
| Fresh Issue | 57,99,600 shares (aggregating up to ₹ 62.64 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,18,75,000 |
| Shareholding post issue | 1,76,74,600 |
| Market Maker portion | ₹ 2,97,600 shares Nikunj Stock Broke |
About Agarwal Toughened Glass India Limited IPO
Founded in 2009, Agarwal Toughened Glass India Limited has established itself as a prominent manufacturer of toughened glass, specializing in the processing and production of various types of glass. As a leader in the industry, the company is dedicated to producing high-quality glass products that meet the diverse needs of its clients. Beyond manufacturing toughened glass, the company also creates an extensive range of glass types, including laminated, frosted, tinted, reflective, clear, and double-glazed toughened glass.
These products are crafted for various uses, such as shower doors, refrigerator trays, mobile screen protectors, bulletproof glass for diving masks, and a wide array of plates and cookware. Furthermore, these glass types are essential in architectural applications, being utilized in glass doors and tables.
The demand for tempered glass is widespread due to its versatility and durability. It is commonly employed as partitions in residential and commercial buildings, hospitals, airports, shopping malls, stairwells, and balustrades, along with other architectural elements. The robustness and safety features of toughened glass make it an ideal choice for these settings. At Agarwal Toughened Glass India Limited, we pride ourselves on adhering to stringent quality standards. Our products are processed to meet the quality criteria set by the Bureau of Indian Standards (BIS), allowing them to carry the prestigious ISI label. This commitment to excellence is further demonstrated by our ISO 9001:2015 certification, which enables us to compare our Quality Management System with the best in the world.
Despite our international standards, we remain focused on serving the Indian market. We cater to a broad range of segments, including office buildings, hotels, institutions, banks, insurance firms, shopping centers, and diplomatic residences. Our products are integral to the design and functionality of both exterior and interior spaces within residential and commercial structures. We cater to a variety of end-use industries, encompassing the construction, automotive, and industrial sectors. By consistently delivering high-quality products and services, Agarwal Toughened Glass India Limited has maintained its reputation as a trusted provider of glass solutions within India. Our dedication to innovation and customer satisfaction ensures that we continue to meet and exceed the expectations of our diverse clientele. Through our unwavering commitment to quality and excellence, we aim to contribute to the advancement and development of the glass industry in India.
Agarwal Toughened Glass India Limited IPO Overview:
• Issue Type: Fresh issue (no offer for sale)
• Total Issue Size: ₹62.64 crores
Shares Offered: 58 lakh shares
• Price Per Share: ₹105 to ₹108 per share
• Minimum Lot Size: 1200 shares
• Issue Opening Date: November 28, 2024
• Issue Closing Date: December 2, 2024
• Book Running Lead Managers: Cumulative Capital Private Limited
• Registrar: Kfin Technologies Limited
• Market Maker: Nikunj Stock Brokers
Agarwal Toughened Glass India Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Agarwal Toughened Glass India Limited IPO Anchor Investors Details
| Bid Date | November 27, 2024 |
| Shares Offered | 1,650,000 |
| Anchor Portion Size (In Cr.) | 17.82 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 2, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 3, 2025 |
Agarwal Toughened Glass India IPO Objectives:-
- The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objectives:
- 1. Purchase machinery at the existing manufacturing unit.
- 2. Repayment of certain Borrowings.
- 3. To meet incremental working capital requirements.
- 4. General Corporate Expenses
Agarwal Toughened Glass India Limited IPO Financial Information
Latest Revenue
2,349.73
₹ Crore
Profit After Tax
453.92
₹ Crore
Net Worth
2,084.72
₹ Crore
Total Borrowing
3,055.39
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2024 | 5,707.55 | 2,349.73 | 453.92 | 2,084.72 | 3,055.39 | ||||
| 31 Mar 2024 | 5,154.85 | 4,050.26 | 868.52 | 1,630.80 | 2,924.51 | ||||
| 31 Mar 2023 | 4,062.32 | 4,060.32 | 96.97 | 762.28 | 2,876.68 | ||||
| 31 Mar 2022 | 3,620.49 | 3,471.99 | 50.18 | 665.31 | 2,641.92 | ||||
| Amount in ₹ Crore | |||||||||
Agarwal Toughened Glass India Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 21.77% |
| ROCE | 19.78% |
| RoNW | 21.77% |
| Debt/Equity | 1.47 |
| P/BV | 6.15 |
| PAT Margin (%) | 20.37 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.31 | 5.14 |
| P/E (x) | 14.77 | 21.03 |
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Competitive Strengths
Strong Brand presence in the Indian market.
Strong Risk Management.
Long-standing relationships with its customers.
Consistent focus on quality.
The company's management team is a combination of experience and expertise.
Download regulatory filings
Agarwal Toughened Glass India Limited IPO Timeline
| IPO Open Date | Thursday, November 28, 2024 |
| IPO Close Date | Monday, December 2, 2024 |
| Basis of Allotment | Tuesday, December 3, 2024 |
| Initiation of Refunds | Wednesday, December 4, 2024 |
| Credit of Shares to Demat | Wednesday, December 4, 2024 |
| Listing Date | Thursday, December 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 2, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹129,600 |
| Retail (Max) | 1 | 1200 | ₹129,600 |
| HNI (Min) | 2 | 2,400 | ₹259,200 |