Agarwal Toughened Glass India IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 28 Nov 2024
Close Date
Mon, 02 Dec 2024
Price Band
₹ 105 – 108
Lot Size
1200
Issue Size
₹ 62.64 Cr
Minimum Investment
₹ 259,200 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Agarwal Toughened Glass India IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹62.64 Crore, comprising a fresh issue of 58.00 Lakh equity shares aggregating to ₹62.64 Crore.
The Agarwal Toughened Glass India IPO remained open for subscription from November 28, 2024, to December 02, 2024. The basis of allotment was finalized on December 03, 2024, and the company's shares were listed on NSE SME Platform on December 05, 2024.
The company had fixed the price band at ₹105 to ₹108 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹259,200 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Cumulative Capital Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Agarwal Toughened Glass India Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Agarwal Toughened Glass India IPO Timeline (Tentative)
- IPO Open Date
- Thu, 28 Nov 24
- IPO Close Date
- Mon, 02 Dec 24
- Basis of Allotment
- Tue, 03 Dec 24
- Initiation of Refunds
- Wed, 04 Dec 24
- Credit of Shares to Demat
- Wed, 04 Dec 24
- Listing Date
- Thu, 05 Dec 24 — NSE & BSE
Open Date
28 November 2024
Close Date
02 December 2024
Basis Of Allotment
03 December 2024
Listing Date
05 December 2024
IPO Subscription
Check Live Subscription →The Agarwal Toughened Glass India IPO has received bids for 3,83,91,600 shares against 38,52,000 shares offered, resulting in an overall subscription of 9.97x. the NII category is subscribed 15.53x, Retail Investors 10.71x, and QIBs 4.49x.
QIB
4.49x
NII
15.53x
RII
10.71x
Total
9.97x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 19,26,000 shares, representing 33.21% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 11,00,400 shares (18.97%), while Non-Institutional Investors (NIIs) receive 8,25,600 shares (14.24%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,650,000 | 28.45% |
| Market Maker | 297,600 | 5.13% |
| Qualified Institutions | 1,100,400 | 18.97% |
| Non-Institutional | 825,600 | 14.24% |
| Retail Investors | 1,926,000 | 33.21% |
| Total | 5,799,600 | 100% |
Financials Details(₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 5707.55 | 5154.85 | 4062.32 | 3620.49 |
| Revenue | 2349.73 | 4050.26 | 4060.32 | 3471.99 |
| Profit After Tax | 453.92 | 868.52 | 96.97 | 50.18 |
| Net Worth | 2084.72 | 1630.8 | 762.28 | 665.31 |
| Reserve & Surplus | 897.22 | 443.3 | 287.28 | 190.31 |
| Total Borrowings | 3055.39 | 2924.51 | 2876.68 | 2641.92 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Agarwal Toughened Glass India Limited KPI Information
| Particular | KPI as of September 30, 2024. |
|---|---|
| ROE % | 21.77 |
| ROCE % | 19.78 |
| Debt / Equity | 1.47 |
| RoNW % | 21.77 |
| PbW | 6.15 |
| Pat Margin % | 20.37 |
Peers Comparison
No Peer Comparision Available
About Agarwal Toughened Glass India Limited
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.
Agarwal Toughened Glass India IPO Promoters
- Anita Agarwal
- Mahesh Kumar Agarwal
- Uma Shankar Agarwal
- Sharda Agarwal
Promoters Holding
Holding Pre Issue
95.16%
Holding Post Issue
63.94%
Agarwal Toughened Glass India IPO Objective
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 Limited Address / Contact Details
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
Agarwal Toughened Glass India IPO Lot Size
The Agarwal Toughened Glass India IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹1,29,600 by applying for 1 lot (1,200 shares). The maximum application allowed for the retail category is 1 lots (1,200 shares), requiring an investment of ₹1,29,600.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 129,600.00 |
| Retail (Max) | 1 | 1,200 | 129,600.00 |
| S-HNI (Min) | 2 | 2,400 | 259,200.00 |
Issue Reservation
- Anchor Investors — 28.45%
- Market Maker — 5.13%
- QIB — 18.97%
- NII — 14.24%
- RII — 33.21%
Book Running Lead Managers
- Cumulative Capital Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Agarwal Toughened Glass India IPO?
Agarwal Toughened Glass India IPO is a Book-building IPO with a total issue size of ₹62.64 crore. The Agarwal Toughened Glass India IPO price band is ₹105 to 108 per share. The Agarwal Toughened Glass India IPO subscription opens on Thu, Nov 28, 2024, and closes on Mon, Dec 2, 2024. The Agarwal Toughened Glass India IPO will be listed on the NSE. KFin Technologies Limited is the registrar for the Agarwal Toughened Glass India IPO.
When will the Agarwal Toughened Glass India IPO open for subscription?
The Agarwal Toughened Glass India IPO opens on Thu, Nov 28, 2024 and closes on Mon, Dec 2, 2024
What is Agarwal Toughened Glass India IPO Price Band?
Agarwal Toughened Glass India IPO Price Band is ₹105 to 108 per share.
What is Agarwal Toughened Glass India IPO Lot Size?
Agarwal Toughened Glass India IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹259200 based on the upper price band
What is the minimum investment for Agarwal Toughened Glass India IPO?
The minimum investment for Agarwal Toughened Glass India IPO is ₹259200, based on one lot of 1200 shares at the upper price band of ₹108 per share.
How to apply for Agarwal Toughened Glass India IPO?
Investors can apply for the Agarwal Toughened Glass India IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Dec 2, 2024. The application amount remains blocked until the Agarwal Toughened Glass India IPO allotment is finalized.
What is Agarwal Toughened Glass India IPO Issue Size?
Agarwal Toughened Glass India IPO issue size is ₹62.64 crores.
What is the Agarwal Toughened Glass India IPO Allotment Date?
Agarwal Toughened Glass India IPO allotment date is Tue, Dec 3, 2024.
Who is the Agarwal Toughened Glass India IPO Registrar?
The registrar for Agarwal Toughened Glass India IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Agarwal Toughened Glass India IPO allotment status, refund processing, and other IPO-related information.
What is the Agarwal Toughened Glass India IPO GMP?
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 29.63% over the issue price.
Who is the Agarwal Toughened Glass India IPO Lead Manager?
The book-running lead managers (BRLMs) for the Agarwal Toughened Glass India IPO are Cumulative Capital Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Agarwal Toughened Glass India IPO Red Herring Prospectus (RHP).