Agarwal Toughened Glass India IPO - Day 3 Subscription at 1.73 Times

Agarwal Toughened Glass India's initial public offering (IPO) has received decent investor interest over the three-day period. The IPO witnessed steady growth in demand, with subscription rates growing from 0.39 times on day one, to 1.00 times on day two, and reaching 1.73 times by 10:58 AM on the final day.

Agarwal Toughened Glass India IPO, which opened on 28th November 2024, has seen varied participation across categories. The Retail Investors segment has shown good interest, reaching 3.01 subscriptions, while Non-Institutional Investors achieved full subscriptions at 1.03 times. The QIB portion remains subdued at 0.01 times.

This measured response comes amid ongoing sentiment in the Indian stock market, particularly towards companies in the glass manufacturing sector.

Subscription Status of Agarwal Toughened Glass India IPO:

*As of 10:58 AM

Here are the subscription details for Agarwal Toughened Glass India IPO as of Day 3 (2nd December 2024, 10:58 AM):

Total Applications: 5,020

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portion of anchor investors is not included in the total shares offered.

Agarwal Toughened Glass India IPO Key Highlights:

• Overall subscription reached 1.73 times on the final day
• Retail investors led with strong 3.01 times subscription, worth ₹62.571 crores
• Non-Institutional Investors achieved full subscription at 1.03 times
• QIB portion remained minimal at 0.01 times the subscription
• Total bids received for 66,54,000 shares worth ₹71.863 crores
• Applications reached 5,020, including 4,828 retail investors
• Strong retail investor confidence evident in participation
• The NII segment crossed the full subscription milestone
• Final day response showed retail-driven momentum

Agarwal Toughened Glass India IPO - Day 2 Subscription at 1.00 Times

Key Highlights:

• Overall, the subscription reached full subscription at 1.00 times
• Retail investors showed good interest with a 1.79 times subscription
• Non-institutional investors increased to 0.48 times
• QIB portion remained at 0.01 times the subscription
• Day two witnessed improved retail participation
• Subscription value showed steady growth
• The NII segment demonstrated gradual improvement
• The market response indicated building momentum
• The subscription trend suggested growing retail confidence

Agarwal Toughened Glass India IPO - Day 1 Subscription at 0.39 Times

Key Highlights:

• Overall subscriptions opened at 0.39 times
• Retail investors led with 0.73 times subscription
• Non-institutional investors showed limited interest at 0.12 times
• QIB portion started minimal at 0.01 times
• The opening day witnessed the moderate retail response
• Initial momentum indicated a cautious start
• Day one subscription showed room for growth
• The market response suggested measured interest
• The subscription trend indicated the potential for improvement

About Agarwal Toughened Glass India Limited

Incorporated in October 2009, Agarwal Toughened Glass India Limited has established itself as a prominent manufacturer of tempered glasses, serving diverse industries with applications ranging from shower doors and refrigerator trays to mobile screen protectors and bulletproof glass for diving masks. The company's operations are backed by ISO 9001:2015 certification for its Quality Management System, demonstrating its commitment to quality standards.

The company's comprehensive product portfolio includes annealed glass, toughened Glass, insulated Glass, laminated safety glass, and heat saked glass, catering to various segments, including office buildings, hotels, institutions, and banking sectors. With 207 employees as of September 30, 2024, the company maintains rigorous quality control through various testing procedures, including human impact assessments, ball drop tests, and design inspections. Their financial performance shows stability with a significant PAT increase of 795.66% between FY2023 and FY2024, despite a marginal revenue decrease of 0.25%.

Their competitive strengths lie in their strong brand presence in the Indian market, experienced management team, established customer relationships, and robust risk management practices. The company's focus on quality and comprehensive testing procedures has helped maintain its market position and customer trust in the specialised glass manufacturing sector.

Highlights of the Agarwal Toughened Glass India IPO

• IPO type: Book Built Issue
• IPO size: ₹62.64 crores
• Fresh Issue: 58 lakh shares
• Face value: ₹10 per share
• Price band: ₹105 to ₹108 per share
• Lot size: 1,200 shares
• Minimum investment for retail investors: ₹129,600
• Minimum investment for HNI: ₹259,200 (2 lots)
• Listing at: NSE SME
• IPO opens: 28th November 2024
• IPO closes: 2nd December 2024
• Allotment date: 3rd December 2024
• Refund initiation: 4th December 2024
• Credit of shares: 4th December 2024
• Listing date: 5th December 2024
• Lead Manager: Cumulative Capital Private Limited
• Registrar: Kfin Technologies Limited
• Market Maker: Nikunj Stock Brokers