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agarwal toughened glass ipo

Agarwal Toughened Glass IPO

  • Status: Closed
  • RHP:
  • ₹ 126,000 / 1200 shares

    Minimum Investment

IPO Details

  • Open Date

    28 Nov 2024

  • Close Date

    02 Dec 2024

  • IPO Price Range

    ₹ 105 - ₹ 108

  • IPO Size

    ₹ 62.64 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    05 Dec 2024

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IPO Timeline

Agarwal Toughened Glass IPO Subscription Status

Last Updated: 02 December 2024 7:04 PM by 5Paisa

Agarwal Toughened Glass India IPO is set to open on 28 November 2024 and will close on 2 December 2024. Agarwal Toughened Glass India is a renowned manufacturer specialising in toughened glass and its versatile applications.

The IPO is a fresh issue of 0.58 Cr shares aggregating to ₹62.64 Cr. The price band is set at ₹105 to ₹108 per share and the lot size is 1200 shares. 

The allotment is scheduled to be finalised on 3 December 2024. It will go public on NSE SME, with a tentative listing date of 5 December 2024.

Cumulative Capital Pvt Ltd is the book running lead manager while Kfin Technologies Ltd is the registrar. 
 

Agarwal IPO Size

Types Size
Total IPO Size ₹62.64 Cr
Offer For Sale -
Fresh Issue ₹62.64 Cr

 

Agarwal IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 ₹129,600
Retail (Max) 1 1200 ₹129,600
HNI (Min) 2 2400 ₹259,200

 

Agarwal IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 4.49 11,00,400 49,41,600 53.369
NII (HNI) 15.17 8,25,600     1,25,25,600 135.276
Retail 10.71 19,26,000 2,06,24,400 222.744
Total 9.89 38,52,000 3,80,91,600 411.389

 

Agarwal IPO Anchor Allocation

Anchor Bid Date 27 November, 2024
Shares Offered 1,650,000
Anchor portion Size (In ₹ Cr.) 17.82
Anchor lock-in period end date for 50% shares (30 Days) 2 January, 2025
Anchor lock-in period end date for remaining shares (90 Days) 3 March, 2025

1. Purchase machinery at the existing manufacturing unit;
2. Repayment of certain Borrowings;
3. To meet incremental working capital requirements; and
4. General Corporate Expenses.
 

Agarwal Toughened Glass India was founded in 2009. It is a renowned manufacturer specialising in toughened glass and its versatile applications. The company processes a wide range of glass types, including laminated, frosted, tinted, reflective, clear, and double-glazed toughened glass. Its products cater to diverse needs, from shower doors, refrigerator trays, and mobile screen protectors to bulletproof glass, cookware, and architectural elements like partitions, stairwells, and balustrades in residential and commercial buildings.

Agarwal Toughened Glass has built a strong brand presence in the Indian market, underpinned by a commitment to quality and innovation. Its competitive strengths include a combination of industry expertise, long-standing customer relationships, and robust risk management practices. As of September 30, 2024, the company employed 207 skilled professionals across various functions, ensuring seamless operations and customer satisfaction. The company's consistent focus on quality makes it a trusted name in the glass manufacturing industry.

Peers

Sejal Glass Limited
Borosil Limited
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 40.50 40.60 34.72
EBITDA 13.71 4.75 3.60
PAT 8.69 0.97 0.50
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 51.55 40.62 36.20
Share Capital 11.88 4.75 4.75
Total Borrowings 29.25 28.77 26.42
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 5.50 3.48 -0.83
Net Cash Generated From / (used in) investing activities -5.13 -1.81 -0.66
Net Cash Generated From / (used in) financing activities -2.04 0.21 1.18
Net Increase (Decrease) In Cash And Cash Equivalents -0.34 0.56 -0.31


Strengths

1. Strong brand presence in the competitive Indian glass manufacturing market.
2. Expertise in producing a wide range of toughened glass products.
3. Long-standing relationships with key customers ensure repeat business.
4. Consistent focus on high-quality products and stringent quality control.
5. Robust risk management practices to mitigate operational uncertainties.
 

Risks

1. Limited geographical presence, mostly concentrated in the Indian market.
2. Dependence on a narrow product range, restricting market diversification.
3. High manufacturing costs could affect price competitiveness.
4. Vulnerability to fluctuations in raw material prices and supply chain disruptions.
5. Reliance on a small workforce, limiting scalability during rapid growth.
 

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FAQs

Agarwal Toughened Glass India IPO opens from 28 November to 2 December 2024.

The size of Agarwal Toughened Glass India IPO is ₹62.64 Cr.

The price of Agarwal Toughened Glass India IPO is fixed at ₹105 to ₹108 per share. 

To apply for Agarwal Toughened Glass India 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 the price at which you wish to apply for the Agarwal Toughened Glass India  IPO.    
●    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.
 

The minimum lot size of Agarwal Toughened Glass India IPO is 1200 shares and the investment required is ₹129,600.
 

The share allotment date of Agarwal Toughened Glass India IPO is 3 December 2024

The Agarwal Toughened Glass India IPO will be listed on 5 December 2024.

Cumulative Capital Pvt Ltd is the book-running lead manager of the Agarwal Toughened Glass India IPO.