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 bidding opened for subscription on November 28, 2024 and will close 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.
Agarwal Toughened Glass India IPO Details
| 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 |
Agarwal Toughened Glass India IPO Reservation
Agarwal Toughened Glass India IPO offers 57,99,600 shares. 11,00,400 (18.97%) to QIB, 8,25,600 (14.24%) to NII, 19,26,000 (33.21%) to RII and 16,50,000 (28.45%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 16,50,000 (28.45%) |
| Market Maker Shares Offered | 2,97,600 (5.13%) |
| QIB Shares Offered | 11,00,400 (18.97%) |
| NII (HNI) Shares Offered | 8,25,600 (14.24%) |
| Retail Shares Offered | 19,26,000 (33.21%) |
| Total Shares Offered | 57,99,600 (100%) |
Agarwal Toughened Glass India IPO Anchor Investors Details
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. Agarwal Toughened Glass India IPO Anchor Investors list
| 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 Timeline (Tentative Schedule)
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 |
Agarwal Toughened Glass India IPO Lot Size
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 | |||
Agarwal Toughened Glass India IPO Promoter Holding
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% |
About Agarwal Toughened Glass India Limited
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
- Annealed Glass
- Toughened Glasses
- Insulated Glasses
- Laminate Safety Glass
- Heat Soaked Glass
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:
- Strong Brand presence in the Indian market
- The company’s management team is a combination of experience and expertise
- Long-standing relationships with its customers
- Consistent focus on quality
- Strong Risk Management
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 Financial Information (Restated)
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 | ||||
Key Performance Indicator
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 |
Check Agarwal Toughened Glass India IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.31 | 5.14 |
| P/E (x) | 14.77 | 21.03 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Objects of the Issue (Agarwal Toughened Glass India IPO Objectives)
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objectives:
- Purchase machinery at the existing manufacturing unit;
- Repayment of certain Borrowings;
- To meet incremental working capital requirements; and
- General Corporate Expenses.
Agarwal Toughened Glass India IPO Review (May apply)
[Dilip Davda] The company is engaged primarily in the business of toughened glass and has added more products and varieties for glasses. Its top line has been almost static, but it posted boosted bottom lines for FY24 onwards. Based on FY25 supper annualized earnings, the issue appears fully priced. Its margins raise eyebrows and concern over its sustainability going forward. Well-informed investors may park moderate funds for medium term. Read detail review…
Agarwal Toughened Glass India IPO Subscription Status (Bidding Detail)
The Agarwal Toughened Glass India IPO is subscribed 0.39 times on November 28, 2024 7:29:59 PM. The public issue subscribed 0.73 times in the retail category, 0.01 times in the QIB category, and 0.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.01 |
| NII | 0.12 |
| Retail | 0.73 |
| Total | 0.39 |
Total Application : 1,199 (0.75 times)
Agarwal Toughened Glass India IPO Prospectus
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Agarwal Toughened Glass India Limited Contact Details
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 India IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: atgil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/