Agarwal Toughened Glass IPO
IPO Listing Details
- Listing Date
05 Dec 2024
- Listing Price
₹ 135.00
- Listing Change
25.00%
- Last Traded Price
₹ 131.00
IPO Details
- Open Date
28 Nov 2024
- Close Date
02 Dec 2024
- IPO Price Range
₹ 105 - ₹ 108
- IPO Size
₹ 62.64 Cr
- Listing Exchange
NSE SME
- Listing Date
05 Dec 2024
IPO Timeline
Agarwal Toughened Glass IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 28-Nov-24 | 0.01 | 0.12 | 0.72 | 0.39 |
| 29-Nov-24 | 0.01 | 0.47 | 1.76 | 0.98 |
| 2-Dec-24 | 4.49 | 15.17 | 10.71 | 9.89 |
Last Updated: 02 December 2024 7:04 PM by 5Paisa
Agarwal Toughened Glass India IPO is set to open on 28 November 2024 and will close on 2 December 2024. Agarwal Toughened Glass India is a renowned manufacturer specialising in toughened glass and its versatile applications.
The IPO is a fresh issue of 0.58 Cr shares aggregating to ₹62.64 Cr. The price band is set at ₹105 to ₹108 per share and the lot size is 1200 shares.
The allotment is scheduled to be finalised on 3 December 2024. It will go public on NSE SME, with a tentative listing date of 5 December 2024.
Cumulative Capital Pvt Ltd is the book running lead manager while Kfin Technologies Ltd is the registrar.
Agarwal IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹62.64 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹62.64 Cr |
Agarwal IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹129,600 |
| Retail (Max) | 1 | 1200 | ₹129,600 |
| HNI (Min) | 2 | 2400 | ₹259,200 |
Agarwal IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 4.49 | 11,00,400 | 49,41,600 | 53.369 |
| NII (HNI) | 15.17 | 8,25,600 | 1,25,25,600 | 135.276 |
| Retail | 10.71 | 19,26,000 | 2,06,24,400 | 222.744 |
| Total | 9.89 | 38,52,000 | 3,80,91,600 | 411.389 |
Agarwal IPO Anchor Allocation
| Anchor Bid Date | 27 November, 2024 |
| Shares Offered | 1,650,000 |
| Anchor portion Size (In ₹ Cr.) | 17.82 |
| Anchor lock-in period end date for 50% shares (30 Days) | 2 January, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | 3 March, 2025 |
1. Purchase machinery at the existing manufacturing unit;
2. Repayment of certain Borrowings;
3. To meet incremental working capital requirements; and
4. General Corporate Expenses.
Agarwal Toughened Glass India was founded in 2009. It is a renowned manufacturer specialising in toughened glass and its versatile applications. The company processes a wide range of glass types, including laminated, frosted, tinted, reflective, clear, and double-glazed toughened glass. Its products cater to diverse needs, from shower doors, refrigerator trays, and mobile screen protectors to bulletproof glass, cookware, and architectural elements like partitions, stairwells, and balustrades in residential and commercial buildings.
Agarwal Toughened Glass has built a strong brand presence in the Indian market, underpinned by a commitment to quality and innovation. Its competitive strengths include a combination of industry expertise, long-standing customer relationships, and robust risk management practices. As of September 30, 2024, the company employed 207 skilled professionals across various functions, ensuring seamless operations and customer satisfaction. The company's consistent focus on quality makes it a trusted name in the glass manufacturing industry.
Peers
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 40.50 | 40.60 | 34.72 |
| EBITDA | 13.71 | 4.75 | 3.60 |
| PAT | 8.69 | 0.97 | 0.50 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 51.55 | 40.62 | 36.20 |
| Share Capital | 11.88 | 4.75 | 4.75 |
| Total Borrowings | 29.25 | 28.77 | 26.42 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 5.50 | 3.48 | -0.83 |
| Net Cash Generated From / (used in) investing activities | -5.13 | -1.81 | -0.66 |
| Net Cash Generated From / (used in) financing activities | -2.04 | 0.21 | 1.18 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -0.34 | 0.56 | -0.31 |
Strengths
1. Strong brand presence in the competitive Indian glass manufacturing market.
2. Expertise in producing a wide range of toughened glass products.
3. Long-standing relationships with key customers ensure repeat business.
4. Consistent focus on high-quality products and stringent quality control.
5. Robust risk management practices to mitigate operational uncertainties.
Risks
1. Limited geographical presence, mostly concentrated in the Indian market.
2. Dependence on a narrow product range, restricting market diversification.
3. High manufacturing costs could affect price competitiveness.
4. Vulnerability to fluctuations in raw material prices and supply chain disruptions.
5. Reliance on a small workforce, limiting scalability during rapid growth.
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FAQs
Agarwal Toughened Glass India IPO opens from 28 November to 2 December 2024.
The size of Agarwal Toughened Glass India IPO is ₹62.64 Cr.
The price of Agarwal Toughened Glass India IPO is fixed at ₹105 to ₹108 per share.
To apply for Agarwal Toughened Glass India IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Agarwal Toughened Glass India IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Agarwal Toughened Glass India IPO is 1200 shares and the investment required is ₹129,600.
The share allotment date of Agarwal Toughened Glass India IPO is 3 December 2024
The Agarwal Toughened Glass India IPO will be listed on 5 December 2024.
Cumulative Capital Pvt Ltd is the book-running lead manager of the Agarwal Toughened Glass India IPO.
Contact Information
Agarwal Toughened Glass
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/
Agarwal Toughened Glass IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: atgil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Agarwal Toughened Glass IPO Lead Manager
Cumulative Capital Private Limited
