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Agarwal Toughened Glass India IPO

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NSE 28 November - 02 December 2024
Agarwal Toughened Glass India Limited IPO is a book build issue of 62.64 Cr. The issue is entirely a fresh issue of 5799600 shares aggregating to 62.64 Cr. Agarwal Toughened Glass India Limited IPO opened for subscription on Nov 28, 2024 and closed on Dec 02, 2024. The allotment for the this IPO was finalized on Dec 03, 2024. IPO was listed on NSE and BSE on Dec 05, 2024. Agarwal Toughened Glass India Limited IPO is set issue price band at ₹105 to ₹108 per share.

Current GMP

₹32 (+29.63%)

Price Band

₹ 105 – 108

Lot Size

1200

Issue Size

₹62.64 Cr

Minimum Investment

₹259200 (2400 Shares)

Listing Date

05 December 2024

Subscription

9.97x

About the Company

Agarwal Toughened Glass India Limited, originally incorporated as Agarwal Toughened Glass India Private Limited in 2009, became a public limited company in 2023. The company was established with the primary goal of manufacturing toughened glass. It began operations by acquiring land from RIICO in 2010 and proceeded to build its factory, obtain necessary approvals, and install machinery between 2010 and 2016. During this period, the company also engaged in glass trade.

The company specializes in producing toughened glass by processing various types of glass, offering a range of sizes and thicknesses. Their products include laminated, frosted, tinted, reflecting, clear, and double-glazed toughened glass, which are widely used in applications such as shower doors, refrigerator trays, mobile screen protectors, bulletproof glass, architectural glass doors, and dividers in residential and commercial buildings, as well as in hospitals, airports, and shopping centers.

Agarwal Toughened Glass India Limited’s products meet Bureau of Indian Standards (BIS) and carry the ISI label, with quality management certified under ISO 9001:2015. The company primarily operates within India, catering to sectors like construction, automotive, and industrial, serving clients such as office buildings, hotels, shopping centers, and institutions. The company's sales and marketing team handles both direct client orders and custom glass manufacturing based on client specifications.

Promoters

  1. Anita Agarwal
  2. Mahesh Kumar Agarwal
  3. Uma Shankar Agarwal
  4. Sharda Agarwal
Promoters Holding

Holding Pre Issue

95.16%

Holding Post Issue

63.94%

Objects of the Issue

The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objectives:

  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.

Address / Contact Info

Agarwal Toughened Glass India Limited
F-2264, RIICO Industrial Area,
Ramchandrapura, Sitapur (Ext.),
Jaipur - 302 022  Rajasthan

Phone: +91 723 004 3212
Email: cs_complianceofficer@agarwaltuff.com
Website: http://www.agarwaltuff.com

IPO Snapshot

Face Value₹10 per share
Price Band₹ 105 – 108
Lot Size1200
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 62.64 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 62.64 Cr
Listing AtNSE
Industry
Sector
QIB Quota18.97%
Retail Quota33.21%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Agarwal Toughened Glass India IPO is a Book-building IPO worth ₹62.64 crores. The price band is ₹105 to 108 per share. The IPO opens on Thu, Nov 28, 2024 and closes on Mon, Dec 2, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.

The Agarwal Toughened Glass India IPO opens on Thu, Nov 28, 2024 and closes on Mon, Dec 2, 2024

Agarwal Toughened Glass India IPO Price Band is ₹105 to 108.

Agarwal Toughened Glass India IPO lot size is 1200, and the minimum amount required for application is ₹259200.

The minimum investment for Agarwal Toughened Glass India IPO is approximately ₹259200 based on the upper price band.

To apply for the Agarwal Toughened Glass India IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Dec 2, 2024. After submission, funds are blocked until the basis of allotment of Agarwal Toughened Glass India IPO is finalised.

Agarwal Toughened Glass India IPO issue size is ₹62.64 crores.

Agarwal Toughened Glass India IPO allotment date is Sat, Jun 27, 2026.

The registrar for Agarwal Toughened Glass India IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Agarwal Toughened Glass India IPO through their official website or helpline.

The Agarwal Toughened Glass India IPO GMP (Grey Market Premium) is ₹32 as of Thu, Dec 5, 2024. Based on the upper price band of ₹108 per share, the estimated Agarwal Toughened Glass India IPO listing price is ₹140, indicating a potential listing gain of approximately 31% over the issue price.