Agarwal Float Glass India IPO Detail
Incorporated in 2018, Agarwal Float Glass India Limited is engaged in the business of trading of glass and specialized glass products. The company procures quality products from manufacturers and thereafter sells the same through the sales managers or directly to customers, as a wholesaler of glass and glass products.
The company is a crucial part of the Agarwal Group. The Group was set up by Uma Shankar Agarwal and Mahesh Kumar Agarwal in 1997 for trading ;in glass and glass products.
The products of Agarwal Float Glass India are delivered across the country. Their products are utilized in varied areas like office buildings, hotels, institutions, banks, insurance companies, shopping malls, diplomatic residences, and many others as per suitability. The product portfolio ranges between clear glass, different kinds of value-added glass products and processed glass products, of varying thicknesses.
Alongside trading of glass, the entity also offers processed glass including:
- Toughened glass
- Frosted glass
- Frosted design glass
- Leaguered glass, figure glass
- Heat-strengthened glass
- Insulated glass
- PVB laminated glass
- Bullet-resistant glass and all building glasses
Agarwal Float Glass India Limited is highly dependent on suppliers and distributors. These suppliers include Saint-Gobain India Private Limited, Sisecam Flat Glass India Private Limited, Gold Plus Glass Industry Limited, Asahi India Glass Limited, and Gujarat Guardian Limited. With the help of strong associations, the company is able to deliver high quality products and satisfy the requirements of its customers.
Company Promoters
Uma Shankar Agarwal and Mahesh Kumar AgarwalIPO Details
| IPO Opening Date | Feb 10, 2023 |
| IPO Closing Date | Feb 15, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹42 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹9.20 Cr |
| Fresh Issue | ₹9.20 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.97x | 0.90x | 0.94x | |
| Day 2 | - | - | 1.23x | 2.63x | 1.93x | |
| Day 3 | - | - | 1.27x | 3.45x | 2.36x | |
| Day 4 | - | - | 3.13x | 7.20x | 5.16x |
IPO Tentative Timetable
The Agarwal Float Glass India IPO open date is Feb 10, 2023, and the close date is Feb 15, 2023. The issue may list on Feb 23, 2023.
| IPO Open Date | Feb 10, 2023 |
| IPO Close Date | Feb 15, 2023 |
| Basis of Allotment Date | Feb 20, 2023 |
| Initiation of Refunds | Feb 21, 2023 |
| Credit of Shares to Demat Account | Feb 22, 2023 |
| IPO Listing Date | Feb 23, 2023 |
IPO Lot Size
The Agarwal Float Glass India IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹126000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹126000 |
| Maximum | 1 | 3000 | ₹126000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 1767.31 | 3227.43 | 8.83 |
| 31-Mar-21 | 1811.87 | 3188.13 | 24.73 |
| 31-Mar-22 | 1761.79 | 4216.91 | 101.68 |
| 30-Sep-22 | 2177.31 | 2369.04 | 267.75 |
Objects of the Issue:
The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:
- Funding the working capital requirements of the company
- General Corporate Purposes
Agarwal Float Glass India IPO Registrar:
KFin Technologies Limited
Agarwal Float Glass India IPO Lead Manager(s):
GYR Capital Advisors Limited
Company Contact Information:
Agarwal Float Glass India
H-1/790, Sitapura Industrial Area Ext.,
Near Fire Bridge Office,
Jaipur - 302 022
