Incorporated in 2008, A G Universal Limited operates as a supplier of industrial MS Tubes, GI Pipes, and Hollow Sections.
The company’s product range includes Stainless Steel Pipes, Mild Steel Pipes, ERW Black Pipes, GI Pipes, Hollow Sections, uPVC Pipes, cPVC Pipes, TMT Bars, Wire Rods, MS Wire, CR Coils, and HR Coils.
A G Universal’s customer base includes Surya Roshni Limited, Jindal Supreme (India) Private Limited, Swastik Pipe Limited, Ravindra Tubes Private Limited, SKS Ispat & Power Ltd, etc.
The company was initially established as Akshata Polymers Private Limited as a petroleum (polymers) business. The company has done dealership agreements with many organizations like Reliance Industries Ltd. for its petroleum products (polymers/FO/oils) business and import of polymer products from Korea, China, Saudi Arabia, etc.
The company is also engaged in the activities of investment in properties and shares of listed and unlisted companies.
A G Universal IPO Details
| IPO Date | Apr 11, 2023 to Apr 13, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹60 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,454,000 shares (aggregating up to ₹8.72 Cr) |
| Fresh Issue | 1,454,000 shares (aggregating up to ₹8.72 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
A G Universal IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker portion | 74,000 shares (SHARE INDIA SECURITIES LIMITED) |
A G Universal IPO Tentative Timetable
A G Universal IPO opens on Apr 11, 2023, and closes on Apr 13, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Apr 11, 2023 |
| Closing Date | Apr 13, 2023 |
| Basis of Allotment | Apr 19, 2023 |
| Initiation of Refunds | Apr 20, 2023 |
| Credit of Shares to Demat | Apr 21, 2023 |
| Listing Date | Apr 24, 2023 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
A G Universal IPO Lot Size
The A G Universal IPO lot size is 2000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹120,000 |
| Retail (Max) | 1 | 2000 | ₹120,000 |
| HNI (Min) | 2 | 4,000 | ₹240,000 |
| Lot Size Calculator |
A G Universal IPO Promoter Holding
Ms. Bharti Gupta and Mr. Amit Gupta are the company promoters.
| Pre Issue Share Holding | 95.53% |
| Post Issue Share Holding |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 1,523.88 | 2,008.13 | 4.95 | 176.04 | 151.55 | 784.14 |
| 31-Mar-21 | 1,434.94 | 3,864.26 | 14.66 | 190.71 | 166.21 | 944.51 |
| 31-Mar-22 | 1,856.48 | 7,074.00 | 70.89 | 261.60 | 90.10 | 942.71 |
| 30-Nov-22 | 2,642.94 | 3,595.05 | 114.29 | 675.88 | 272.89 | 950.12 |
| Amount in ₹ Lakhs |
Objects of the Issue
The proceeds from the issue will be used for the following objects:
- To meet the working capital requirements of the company.
- General corporate purposes and issue expenses.
A G Universal IPO Review (Avoid)
[Dilip Davda] The company operates in a highly competitive and fragmented segment. The sudden boost in its bottom line for 8M of FY23 raises eyebrows and concern over sustainability going forward. Based on such super earnings, the issue appears greedily priced while based on its track records so far, the issue appears exorbitantly priced. Tiny equity capital post-IPO indicates a longer gestation period for migration to the mainboard. There is no harm in skipping this pricey issue, where transparency is missing in the offer document. Read detail review…
A G Universal IPO Prospectus
Company Contact Information
A G Universal Limited
F-1, 34/1, Vikas Apartments,
East Punjabi Bagh,
West Delhi, New Delhi – 110026
Phone: +91 9811100759
Email: info@aguniversal.co.in
Website: https://aguniversal.co.in/
A G Universal IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/