Agarwal Float Glass India IPO vs Earthstahl & Alloys IPO

Comparision between Agarwal Float Glass India IPO and Earthstahl & Alloys IPO.

IPO Details

Agarwal Float Glass India IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Earthstahl & Alloys IPO is a SME Book Built Issue proposed to list at BSE SME.

	Agarwal Float Glass India IPO	Earthstahl & Alloys IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	GYR Capital Advisors Private Limited	Hem Securities Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Smc Global Securities Ltd.	Hem Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Agarwal Float Glass India IPO is up to ₹9.20 Cr whereas the issue size of the Earthstahl & Alloys IPO is up to ₹12.96 Cr. The final issue price of Agarwal Float Glass India IPO is ₹42.00 per share and of Earthstahl & Alloys IPO is ₹40.00 per share.

	Agarwal Float Glass India IPO	Earthstahl & Alloys IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹38.00 per share
Issue Price (Upper)		₹40.00 per share
Issue Price (Final)	₹42.00 per share	₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	3000 shares
Fresh Issue Size	21,90,000 shares	32,40,000 shares
Fresh Issue Size (Amount)	up to ₹9.20 Cr	up to ₹12.96 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	21,90,000 shares	32,40,000 shares
Issue Size Total (Amount)	up to ₹9.20 Cr	up to ₹12.96 Cr

IPO Timetable

Agarwal Float Glass India IPO opens on Feb 10, 2023, while Earthstahl & Alloys IPO opens on Jan 27, 2023. The closing date of Agarwal Float Glass India IPO and Earthstahl & Alloys IPO is Feb 15, 2023, and Jan 31, 2023, respectively.

	Agarwal Float Glass India IPO	Earthstahl & Alloys IPO
Anchor Bid Date
Issue Open	Feb 10, 2023	Jan 27, 2023
Issue Close	Feb 15, 2023	Jan 31, 2023
Basis Of Allotment (Tentative)	Feb 20, 2023	Feb 03, 2023
Initiation of Refunds (Tentative)	Feb 21, 2023	Feb 06, 2023
Credit of Share (Tentative)	Feb 22, 2023	Feb 07, 2023
Listing date (Tentative)	Feb 23, 2023	Feb 08, 2023
Anchor Lockin End date 1	Mar 22, 2023	Mar 05, 2023
Anchor Lockin End date 2	May 21, 2023	May 04, 2023

Financials

Agarwal Float Glass India IPO P/E ratio is 5.68, as compared to Earthstahl & Alloys IPO P/E ratio of 4.22.

Agarwal Float Glass India IPO

Earthstahl & Alloys IPO

Financial

Agarwal Float Glass India Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,767.31	3,227.43	8.83	201.30	-0.84	1,120.38
31-Mar-21	1,811.87	3,188.13	24.73	226.02	23.88	1,175.30
31-Mar-22	1,761.79	4,216.91	101.68	327.68	125.54	1,141.78
30-Sep-22	2,177.31	2,369.04	267.75	595.43	393.29	1,167.91
Amount in ₹ Lakhs

Earthstahl & Alloys Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,990.73	3,181.58	-33.49	44.24	200.22	1,733.71
31-Mar-21	2,817.23	2,457.53	267.31	311.55	467.53	1,396.82
31-Mar-22	3,592.61	4,907.54	745.48	1,057.03	1,213.01	1,399.97
30-Sep-22	4,303.34	4,824.68	580.47	1,637.50	1,793.48	1,092.93
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

100.00%

Promoter Shareholding (Post-Issue)

69.77%

73.53%

P/E Ratio

5.68

4.22

Market Cap

₹30.42 Cr.

₹48.96 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Agarwal Float Glass India IPO retail investors (RII) are offered 10,38,000 shares while in Earthstahl & Alloys IPO retail investors are offered 10,38,000 shares. Qualified institutional buyers (QIB) are offered in Agarwal Float Glass India IPO and 9,18,000 shares in Earthstahl & Alloys IPO.

	Agarwal Float Glass India IPO	Earthstahl & Alloys IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,14,000 shares	1,68,000 shares
QIB		9,18,000 shares
NII	10,38,000 shares	10,77,000 shares
RII	10,38,000 shares	10,77,000 shares
Employee
Others
Total	20,76,000 shares	30,72,000 shares

Bids Received (Subscription)

Agarwal Float Glass India IPO subscribed 5.16x in total, whereas Earthstahl & Alloys IPO subscribed 235.18x.

	Agarwal Float Glass India IPO	Earthstahl & Alloys IPO
QIB (times)		39.83x
NII (times)	3.13x	445.09x
Big NII (times)
Small NII (times)
RII (times)	7.20x	191.77x
Employee (times)
Other (times)
Total (times)	5.16x	235.18x

Compare with others

Agarwal Float Glass India IPO	Earthstahl & Alloys IPO
ITCONS E-Solutions IPO	Lead Reclaim and Rubber Products IPO
Viaz Tyres IPO	Indong Tea Company IPO
Patron Exim IPO	Agarwal Float Glass India IPO
Lead Reclaim and Rubber Products IPO	Shera Energy IPO
Indong Tea Company IPO	Gayatri Rubbers and Chemicals IPO
Shera Energy IPO	Transvoy Logistics India IPO
Gayatri Rubbers and Chemicals IPO	DHARNI Capital Services IPO
Earthstahl & Alloys IPO	Aristo Bio-Tech and Lifescience IPO
Transvoy Logistics India IPO	Ducol Organics And Colours IPO
DHARNI Capital Services IPO	Eastern Logica Infoway IPO

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