Agarwal Toughened Glass India IPO

NiftyTrader • November 23, 2024

Post Views: 120

Agarwal Toughened Glass India IPO opens for subscription on November 28, 2024 and closes 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.

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 Details

IPO Date	November 28, 2024 to December 2, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹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
Shareholding pre-issue	11,875,000
Shareholding post-issue	17,674,600
Market Maker portion	297,600 shares

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
S-HNI (Min)	2	2400	₹259,200

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.

About Agarwal Toughened Glass India

Incorporated in October 2009, Agarwal Toughened Glass India 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 Financial Information

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

Agarwal Toughened Glass India IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net Issue
Retail Shares Offered	Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Net Issue

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
A 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