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Agarwal Float Glass India IPO

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Agarwal Float Glass IPO Details

  • Open Date 10-Feb-23
  • Close Date 15-Feb-23
  • Lot Size 3000
  • IPO Size ₹ 9.20 Cr
  • IPO Price Range ₹ 42
  • Min Investment ₹ 126000
  • Listing Exchange NSE SME
  • Basis of Allotment 20-Feb-23
  • Refunds 21-Feb-23
  • Credit to Demat Account 22-Feb-23
  • Listing Date 23-Feb-23

Agarwal Float Glass India IPO Subscription Status

Date NII Retail TOTAL
10-Feb-23 0.97x 0.90x 0.94x
13-Feb-23 1.23x 2.63x 1.93x
14-Feb-23 1.41x 3.52x 2.47x
15-Feb-23 3.13x 7.20x 5.16x

Agarwal Float Glass IPO Synopsis

Agarwal Float Glass India IPO opens on 10th February, 2023, and closes on February 15, 2023. The issue consists of issuance of 2,190,000 Equity Shares at Rs. 10 aggregating to Rs. 9.20 crores. The lot size is fixed at 3000. The shares will be allotted on 20th February while the issue will be allotted on 23rd February. 
The issue constitutes 69.77% of the post-issue paid-up capital of the company. Agarwal Float Glass India is spending Rs. 2.22 crores (24%) for this IPO process and from the net proceeds, it will use Rs. 6.25 cr. for working capital and Rs. 0.75 cr. for general corporate purposes. 

Objective of the Agarwal Float Glass India IPO

The net proceeds from the issue will be used for:

1.    Funding the working capital requirements of the company
2.    General Corporate Purposes
 

About Agarwal Float Glass India

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.
 

Check out web-stories on Agarwal Float Glass India IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue from operations 4216.91 3188.13 3227.43
EBITDA 238.95 152.10 154.39
PAT 101.68 24.73 8.83
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 1761.79 1811.87 1767.31
Share Capital 202.14 202.14 202.14
Total Borrowings 1141.78 1175.3 1120.38
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities 197.02 6.31 857.28
Net cash from / (used in) investing activities 3.30 2.09 49.57
Net cash flow from / (used in) financing activities 127.51 56.93 960.66
Net increase (decrease) in cash and cash equivalents 66.21 52.71 53.81


Agarwal Float Glass IPO Key Points

  • Strengths

    ●    Experienced Management team having domain knowledge to scale up and expand into new opportunities; 
    ●     Wide product portfolio addressing the needs of varied customers across the industry; 
    ●     Dedicated technical & functional team to provide solutions to our customers; 
    ●     Extensive Sales and distribution network; 
    ●     Experience of handling large & complex projects; 
    ●     Multi-year relationships with most customers; 
    ●     Improving operational efficiency
     

  • Risks

    ●    Changes in laws and regulations relating to the sectors/areas in which it operates 
    ●    Inability to identify the new premises may adversely affect the operations, finances and profitability of the Company
    ●    Uncertainty regarding the market, land prices, economic conditions and other factors beyond its control
    ●    Inability to identify or effectively respond to consumer needs, expectations or trends in a timely manner
    ●    Changes in government policies and regulatory actions
     

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Agarwal Float Glass IPO FAQs

What is the price band of the Agarwal Float Glass IPO?

Agarwal Float Glass public offer price is INR 42 per share.

When does Aristo Bio-Tech and Lifescience IPO the issue open and close?

When does Aristo Bio-Tech and Lifescience IPO the issue open and close?

What is the size of Agarwal Float Glass India IPO issue?

The Agarwal Float Glass India IPO consists of the issue consists of issuance of 2,190,000 shares

What is the minimum lot size and investment required for the Agarwal Float Glass India IPO?

The Agarwal Float Glass India IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹126,000).

What is the allotment date of Agarwal Float Glass India IPO?

The allotment date of the Agarwal Float Glass India  is 20th February

What is the Agarwal Float Glass India IPO listing date?

The listing date for the Agarwal Float Glass India IPO is 23rd February. 

What is the objective of the issue?

The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:

1.    Funding the working capital requirements of the company
2.    General Corporate Purposes
 

How to apply for the Agarwal Float Glass India IPO?

To apply for the IPO, follow the steps given below

●    Login to your 5paisa account and select the issue in the current IPO section
●    Enter the number of lots and price at which you wish to apply for
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
●    You will receive a mandate notification to block funds in your UPI app
 

Who are the promoters/key personnels of Agarwal Float Glass India?

The Agarwal Float Glass India IPO Promotors are there:

●    Uma Shankar Agarwal
●    Mahesh Kumar Agarwal
 

Who are the book runners for Agarwal Float Glass India IPO?

GYR Capital Advisors Limited is the book-running lead manager to the issue.

Contact Details of Agarwal Float Glass India IPO

Contact Information

Agarwal Float Glass India Limited

H-1/790, Sitapura Industrial Area Ext.,
Near Fire Bridge Office,
Jaipur - 302 022
Phone: +91 723 004 3211
Email: compliance@agarwafloat.com
Website: http://www.agarwalfloat.com/

Agarwal Float Glass India IPO Register

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: afgil.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Agarwal Float Glass India IPO Lead Manager

GYR Capital Advisors Limited