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About Agarwal Toughened Glass India IPO
Agarwal Toughened Glass India is gearing up to launch its Rs 62.64 crore IPO. It will comprise entirely a fresh issue of 58 lakh shares. The firm is preparing to make its debut on NSE SME.
Retail investors need to invest a minimum of Rs 129,600. HNI investors must make a minimum investment of Rs 259,200 for 2 lots comprising 2,400 shares.
The issue’s registrar is Kfin Technologies Ltd. Cumulative Capital Pvt Ltd is the book running lead manager in this IPO. The market maker for the same is Nikunj Stock Brokers.
Agarwal Toughened Glass India IPO GMP Details
The latest GMP of the IPO stands at Rs 10, as of 25th November, 2024, 11:56 AM. The IPO is offered at a price of Rs 108 per share. The estimated listing price for Agarwal Toughened Glass India is Rs 118, reflecting a potential gain of 9.26% per share.
For the IPO, the Retail Subject to Sauda is Rs 9,100. The GMP ranges from a low of Rs 0 to a high of Rs 10.
Agrawal Toughened Glass India Company Details
Agarwal Toughened Glass India Limited is an enterprise established in October, 2009. The company manufactures tempered glass for consumption in several industries, which include but are not limited to household appliances, mobile accessories, safety equipment, and cookware.
Agarwal Toughened Glass India Limited is also certified in ISO 9001:2015 for Quality Management.
The service is available in Office Buildings, Hotels, Institutions, Banks, Insurance Agencies, Shopping Centres, and Diplomatic Residences.
Product range: annealed glass, toughened glass, insulated glass, laminate safety glass, and heat-soaked glass.
Testing done includes human impact tests, ball drop tests, design inspections, stress evaluations, and checks on the thickness of glass.
The headcount of the company in employment has reached a figure of 207 as of 30th September, 2024, working basically in the fields of directors, administration, marketing, and accounting.
Agarwal Toughened Glass India IPO Details
| Agarwal Toughened Glass India IPO Opening Date and Closing Date | 28th November to 2nd December |
| Face Value | Rs 10 per share |
| Price Band | Rs 105 to Rs 108 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 5,799,600 shares (aggregating up to Rs 62.64 Cr) |
| Fresh Issue | 5,799,600 shares (aggregating up to Rs 62.64 Cr) |
| Issue Type | Book-Built Type Issue |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 11,875,000 |
| Shareholding Post Issue | 17,674,600 |
| Market Maker Portion | 297,600 – Nikunj Stock Brokers |
| Basis of Allotment | Tuesday, 3rd December, 2024 |
| Refund Initiation | Wednesday, 4th December, 2024 |
| Credit of Shares in Demat | Wednesday, 4th December, 2024 |
| Listing Date | Thursday, 5th December, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 2nd December, 2024 |
| Draft Red Herring Prospectus | Link |
| Red Herring Prospectus | Link |
Agarwal Toughened Glass India IPO Anchor Investors Details
| Bid Date | 27th 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) | 2nd January, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | 3rd March, 2025 |
Agarwal Toughened Glass India IPO Lot Size, Shares, And Their Value:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1,200 | Rs 129,600 |
| Retail (Max) | 1 | 1,200 | Rs 129,600 |
| HNI (Min) | 2 | 2,400 | Rs 259,200 |
Investor categories and Agarwal Toughened Glass India shares offered:
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50.00% of the offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Agarwal Toughened Glass India Financials:
For the period ended on 31st March, 2024 & 31st March, 2023:
| Periods Ended | 31st Mar, 2024 | 31st Mar, 2023 |
| Assets | Rs 5,154.85 Lakh | Rs 4,062.32 Lakh |
| Revenue | Rs 4,050.26 Lakh | Rs 4,060.32 Lakh |
| Profit After Tax | Rs 868.52 Lakh | Rs 96.97 Lakh |
| Net Worth | Rs 1,630.80 Lakh | Rs 762.28 Lakh |
| Reserves and Supplies | Rs 443.30 Lakh | Rs 287.28 Lakh |
| Total Borrowing | Rs 2,924.51 Lakh | Rs 2,876.68 Lakh |
Agarwal Toughened Glass India IPO: Worth Investing?
Financial Performance:
Revenue: The company generated Rs 2,349.73 lakh in revenue during the period ended on 30th September, 2024.
Profit After Tax (PAT): The company earned a profit of Rs 453.92 lakh after deducting taxes.
Net Worth: The company’s net worth, which represents the total value of the company’s assets minus its liabilities, is Rs 2,084.72 lakh.
Financial Position:
Assets: The company’s total assets amounted to Rs 5,707.55 lakh.
Total Borrowing: The company has borrowed a total of Rs 3,055.39 lakh.
Reserves and Surplus: The company has accumulated reserves and surplus of Rs 897.22 lakh.
Agarwal Toughened Glass India Key Performance Indicators (KPI) and their values:
The market capitalisation of Agarwal Toughened Glass India IPO is Rs 190.89 crore. As of 30th September 2024, KPI and their values are:
| KPI | Values |
| Return on Equity (ROE) | 21.77% |
| Return on Capital Employed (ROCE) | 19.78% |
| Return on Net Worth (RoNW) | 21.77% |
| Price to Book Value (P/BV) | 6.15 |
| Debt/Equity | 1.47 |
| PAT Margin (%) | 20.37 |
Objectives of Agarwal Toughened Glass India IPO
The company plans to use the net proceeds from the issue for:
- Buying machinery for its current manufacturing unit.
- Repaying specific borrowings.
- Covering additional working capital needs.
- Managing general corporate expenses.
Some major risks associated with the Agarwal Toughened Glass India IPO are:
- Dependence on raw materials can easily affect the cost of production if the prices or availability of silica sand and soda ash fluctuates.
- Glass manufacturing is an extremely competitive industry requiring constant innovation and cost efficiency for companies to keep ahead.
- The company’s revenue solely relies on performance within both construction and automobile industries because they are principal clients.
- Compliance with environmental and labour regulations may elevate operational costs.
Frequently Asked Questions (FAQs)
What is the price band of Agarwal Toughened Glass India’s IPO?
Price band has been fixed at Rs 105 and Rs 108 per share.
What is the retail investor quota of Agarwal Toughened Glass India’s IPO?
A minimum of 35% shares shall go to the retail investors.
What is the lot size and share allocation for High Net-Worth Individuals (HNIs)?
The lot size for HNIs is 2 lots, with a total of 2,400 shares allocated.
How can I apply for Agarwal Toughened Glass India’s Initial Public Offer?
Via your demat account or through the banking or other financial institutions during the period of IPO.
When is the Last Date of IPO subscription for Agarwal Toughened Glass India?
The cut-off time is 2nd December, 2024, at 5 PM; however, most brokers stop accepting applications between 1-3 PM.
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