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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
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Agarwal Toughened Glass India Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | 108 | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
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 | 1200 Shares |
| Total Issue Size | 5,799,600 shares (aggregating up to ₹62.64 Cr) |
| Fresh Issue | 5,799,600 shares (aggregating up to ₹62.64 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 11,875,000 |
| Shareholding post issue | 17,674,600 |
| Market Maker portion | 297,600 shares Nikunj Stock Brokers |
Agarwal Toughened Glass India Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 |
Agarwal Toughened Glass India Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹129,600 |
| Retail (Max) | 1 | 1200 | ₹129,600 |
| HNI (Min) | 2 | 2,400 | ₹259,200 |
Agarwal Toughened Glass India Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 95.16% | 63.94% |
Competitive Strength:
- ● 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.
Agarwal Toughened Glass India Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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
RHP:
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Frequently Asked Questions (FAQs)
-
What is Agarwal Toughened Glass IPO?
Agarwal Toughened Glass IPO is a SME IPO. The company is going to raise ₹62.64 Crores via IPO. The issue is priced at ₹105 to ₹108 per equity share. The IPO is to be listed on NSE.
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When will the Agarwal Toughened Glass IPO open for subscription?
The IPO is to open on November 28, 2024 for QIB, NII, and Retail Investors. The IPO will close on December 2, 2024.
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What is Agarwal Toughened Glass IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Agarwal Toughened Glass IPO Issue Size?
Agarwal Toughened Glass IPO issue size is ₹62.64 crores.
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What is Agarwal Toughened Glass IPO Price Band?
Agarwal Toughened Glass IPO Price Band is ₹105 to ₹108.
