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Agarwal Toughened Glass India IPO is a book built issue of Rs 62.64 crores. The issue is entirely a fresh issue of 58 lakh shares.
Agarwal Toughened Glass India IPO opens for subscription on November 28, 2024 and closes on December 2, 2024. The allotment for the Agarwal Toughened Glass India IPO is expected to be finalized on Tuesday, December 3, 2024. Agarwal Toughened Glass India IPO will list on NSE SME with tentative listing date fixed as Thursday, December 5, 2024.
Agarwal Toughened Glass India IPO price band is set at ₹105 to ₹108 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹129,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹259,200.
Cumulative Capital Private Limited is the book running lead manager of the Agarwal Toughened Glass India IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Agarwal Toughened Glass India IPO is Nikunj Stock Brokers.
Refer to Agarwal Toughened Glass India IPO RHP for detailed information.
| IPO Date | November 28, 2024 to December 2, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹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 |
| Share holding pre issue | 11,875,000 |
| Share holding post issue | 17,674,600 |
| Market Maker portion | 297,600 shares Nikunj Stock Brokers |
| 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 IPO raises Rs 17.82 crore from anchor investors. Agarwal Toughened Glass India IPO Anchor bid date is November 27, 2024.
| 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 opens on November 28, 2024, and closes on December 2, 2024.
| 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 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹129,600 |
| Retail (Max) | 1 | 1200 | ₹129,600 |
| HNI (Min) | 2 | 2,400 | ₹259,200 |
| Lot Size Calculator | |||
Anita Agarwal, Mahesh Kumar Agarwal, Uma Shankar Agarwal, and Sharda Agarwal are the company's promoters.
| Share Holding Pre Issue | 95.16% |
| Share Holding Post Issue | 63.94% |
Incorporated in October 2009, Agarwal Toughened Glass India Limited manufactures tempered glasses. The company's products are used in various industries, such as shower doors, refrigerator trays, mobile screen protectors, bulletproof glass for diving masks, and a variety of plates and cookware.
The company is ISO 9001:2015 certified for its Quality Management System.
The company caters to segments such as office buildings, hotels, institutions, banks, insurance firms, shopping centres, and diplomatic homes.
The product portfolio of the company comprises of
The company conducts various tests on its products, including human impact assessments, ball drop tests, design and visual inspections, annealing evaluations (for residual stress), and glass thickness and weight measurements.
Competitive Strengths:
As of September 30, 2024, the company had 207 employees responsible for their respective tasks, including directors, administrative, secretarial, marketing, and accounting staff.
Agarwal Toughened Glass India Limited's revenue decreased by -0.25% and profit after tax (PAT) rose by 795.66% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 5,707.55 | 5,154.85 | 4,062.32 | 3,620.49 |
| Revenue | 2,349.73 | 4,050.26 | 4,060.32 | 3,471.99 |
| Profit After Tax | 453.92 | 868.52 | 96.97 | 50.18 |
| Net Worth | 2,084.72 | 1,630.80 | 762.28 | 665.31 |
| Reserves and Surplus | 897.22 | 443.30 | 287.28 | 190.31 |
| Total Borrowing | 3,055.39 | 2,924.51 | 2,876.68 | 2,641.92 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Agarwal Toughened Glass India IPO is Rs 190.89 Cr.
KPI as of September 30, 2024.
| KPI | Values |
|---|---|
| ROE | 21.77% |
| ROCE | 19.78% |
| Debt/Equity | 1.47 |
| RoNW | 21.77% |
| 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 |
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objectives:
Agarwal Toughened Glass India Limited
F-2264, RIICO Industrial Area,
Ramchandrapura, Sitapur (Ext.),
Jaipur - 302 022
Phone: +91 723 004 3212
Email: cs_complianceofficer@agarwaltuff.com
Website: http://www.agarwaltuff.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: atgil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Agarwal Toughened Glass India IPO is a SME IPO of 5,799,600 equity shares of the face value of ₹10 aggregating up to ₹62.64 Crores. The issue is priced at ₹105 to ₹108 per share. The minimum order quantity is 1200 Shares.
The IPO opens on November 28, 2024, and closes on December 2, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Agarwal Toughened Glass India IPO using UPI as a payment gateway. Zerodha customers can apply in Agarwal Toughened Glass India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Agarwal Toughened Glass India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Agarwal Toughened Glass India IPO opens on November 28, 2024 and closes on December 2, 2024.
Agarwal Toughened Glass India IPO lot size is 1200 Shares, and the minimum amount required is ₹129,600.
You can apply in Agarwal Toughened Glass India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Agarwal Toughened Glass India IPO will be done on Tuesday, December 3, 2024, and the allotted shares will be credited to your demat account by Wednesday, December 4, 2024. Check the Agarwal Toughened Glass India IPO allotment status.
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