Agarwal Toughened Glass India IPO
- IPO Date28 Nov, 2024 to 02 Dec, 2024
- Listing Date05 Dec, 2024
- Face Value₹10 per share
- Issue Price₹105 to ₹108 per share
- Lot Size1200 Shares
- Minimum Investment₹1,29,600
- Listing AtNSE SME
- Total Issue Size57,99,600 Shares
(aggregating up to ₹62.64 Cr) - Fresh Issue57,99,600 Shares
(aggregating up to ₹62.64 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,18,75,000
- Shareholding post issue1,76,74,600
IPO Dates
Closing Date
02 Dec, 2024
Initiation of Refunds
04 Dec, 2024
Listing Date
05 Dec, 2024
28 Nov, 2024
Opening Date
03 Dec, 2024
Basis of Allotment
04 Dec, 2024
Credit of Shares
Agarwal Toughened Glass India 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 |
|---|---|---|---|
| S-HNI (Min) | 2 | 2400 | ₹2,59,200 |
| S-HNI (Max) | - | - | - |
| Retail (Max) | 1 | 1200 | ₹1,29,600 |
| Retail (Min) | 1 | 1200 | ₹1,29,600 |
| B-HNI (Min) | - | - | - |
Agarwal Toughened Glass India Promoter Holding
Anita Agarwal, Mahesh Kumar Agarwal, Uma Shankar Agarwal, and Sharda Agarwal are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 95.16% | 63.94% |
Agarwal Toughened Glass India COMPANY INFORMATION
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 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. 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.
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 IPO
IPO Overview and Key Highlights
Agarwal Toughened Glass India, a leading provider of toughened glass solutions, is offering its Initial Public Offering (IPO) comprising a fresh issue of up to 57,99,600 equity shares at a face value of Rs 10 per share. The IPO is a 100% fresh issue, with no Offer for Sale (OFS). The proceeds will be utilized for working capital, business expansion, and general corporate purposes. Shares are proposed to be listed on the NSE EMERGE Platform.
Key IPO Details
- Type of Issue: Book Built Issue
- Total Issue Size: Up to 57,99,600 equity shares
- Face Value: Rs 10 per share
- Offer Opens: November 28, 2024
- Offer Closes: December 2, 2024
- Listing Exchange: NSE EMERGE.
Company Overview
Founded in 2009 and headquartered in Jaipur, Rajasthan, Agarwal Toughened Glass India specializes in the production of toughened and laminated glass used in construction, automotive, and industrial applications. With a focus on innovation and quality, the company serves a broad client base, including both government and private organizations.
Financial Overview
The company has demonstrated consistent revenue growth, driven by increased demand for toughened glass solutions. The IPO proceeds are expected to enhance its working capital and support operational expansion.
Key Strengths of Agarwal Toughened Glass India
- Established Expertise: Over a decade of experience in the glass manufacturing industry.
- Diverse Applications: Products cater to multiple sectors, including construction and automotive.
- Focus on Innovation: Investment in technology ensures quality and durability.
IPO Pros and Cons
Pros
- Growing Market Demand: Increased adoption of toughened glass in construction and automotive sectors.
- Proceeds for Growth: Funds will be used for business expansion and working capital needs.
- Strategic Location: Presence in Rajasthan offers proximity to key markets.
Cons
- Market Risks: Dependency on demand from specific industries like construction.
- Competitive Industry: The glass manufacturing sector faces intense competition.
- First Public Issue: Potential uncertainty about stock performance post-listing.
Risk Factors
Investors should consider the following risks:
- Economic Sensitivity: The company's performance is closely tied to the construction and automotive sectors.
- Operational Challenges: Scaling up production may pose quality and logistical challenges.
- Regulatory Risks: Compliance with industry standards and environmental regulations is critical.
Conclusion
The Agarwal Toughened Glass India IPO provides an opportunity to invest in a growing player within the glass manufacturing sector. With a strong focus on innovation and a diverse product portfolio, the company is well-positioned to benefit from rising market demand. However, investors should carefully evaluate risks, including market competition and regulatory dependencies, before making an investment decision.
FAQs About Agarwal Toughened Glass India Ipo
Agarwal Toughened Glass India IPO will open on 28 Nov, 2024 and close on 02 Dec, 2024. Investors must apply within this period to participate.
The Agarwal Toughened Glass India IPO price band is set between ₹105.00 and ₹108.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹129600.00.
The Agarwal Toughened Glass India IPO shares are expected to be listed on 05 Dec, 2024, subject to regulatory approvals and final allotment.
You can track your Agarwal Toughened Glass India IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Agarwal Toughened Glass India IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.