Agarwal Glass IPO Allotment Status

Summary

Agarwal Toughened Glass India IPO has closed with a strong response from investors, achieving a notable final subscription of 9.89 times by December 2, 2024, at 5:23:59 PM (Day 3). The public issue demonstrated significant investor interest across categories, with the Non-Institutional Investors segment leading the momentum. The NII category showed robust enthusiasm with a 15.17 times subscription, reflecting strong investor confidence in the company's growth prospects.

The Retail category displayed solid interest with a 10.71 times subscription, while QIB portion was subscribed 4.49 times. The Market Maker portion was fully subscribed. This book built SME issue has attracted a total of 18,395 applications, indicating substantial market interest in the company's business model in the toughened glass manufacturing sector.

How to Check Agarwal Glass IPO Allotment Status:

How do you Check Agarwal Glass IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web portal of Kfin Technologies Limited (https://ris.kfintech.com/ipostatus/)

Step 2: From the selection menu, choose Agarwal Glass IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check Agarwal Glass IPO Allotment Status on NSE?

On the website of the National Stock Exchange (NSE), investors who placed a bid for the Agarwal Glass IPO can monitor the allotment status:

Step 1: Click on this link: (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp)

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Agarwal Glass Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Agarwal Glass IPO Timeline:

Agarwal Glass IPO Subscription Status

Agarwal Toughened Glass India IPO received 9.89 times subscription with 18,395 applications. By December 2, 2024 at 5:23:59 PM (Day 3), the detailed subscription status revealed a clear pattern of growing investor confidence:

Subscription Day 3 (as of 5:23:59 PM)

• Total Subscription: 9.89 times
• QIB: 4.49 times (49,41,600 shares bid)
• NII: 15.17 times (1,25,25,600 shares bid)
• Retail investors: 10.71 times (2,06,24,400 shares bid)

Subscription Day 2 (November 29, 2024)

• Total Subscription: 1.00 times
• QIB: 0.01 times
• NII: 0.48 times
• Retail investors: 1.79 times

Subscription Day 1 (November 28, 2024)

• Total Subscription: 0.39 times
• QIB: 0.01 times
• NII: 0.12 times
• Retail investors: 0.73 times

Agarwal Glass IPO Details 

Agarwal Toughened Glass India's initial public offering (IPO) is a book built issue of ₹62.64 crores. This offering consists entirely of a fresh issue of 58 lakh shares.

The bidding process commenced on November 28, 2024 and concluded on December 2, 2024. The allotment results are anticipated to be finalised on December 3, 2024. Furthermore, the shares of Agarwal Toughened Glass India are set to be listed on NSE SME, with a provisional listing date scheduled for December 5, 2024.

The price band is set at ₹105-108 per share. Investors must apply for a minimum lot size of 1,200 shares, which requires a minimum investment of ₹129,600 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (2,400 shares), totalling ₹259,200.

Cumulative Capital Private Limited serves as the book running lead manager for the IPO, while Kfin Technologies Limited is designated as the registrar for this offering. Nikunj Stock Brokers is the market maker for this offering.