Agarwal Toughened Glass India IPO - AstroIPO

Agarwal Toughened Glass India IPO


November 21, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Agarwal Toughened Glass India Ltd. is bringing its IPO to the NSE SME platform, offering 5,799,600 fresh shares at a price band of ₹105-₹108 per share. The manufacturing company plans to raise ₹62.64 crores through this public offering.

The IPO opens on November 28, 2024, and closes on December 2, 2024. With a face value of ₹10 per share, the minimum lot size is set at 1,200 shares, requiring a base investment of ₹129,600 at the upper price band.

The company has structured this as a book-built issue, aiming for listing on the NSE SME exchange.

Agarwal Toughened Glass India IPO Details

The key details of Agarwal Toughened Glass India’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.

IPO Size ₹62.64 Cr
Price Range ₹105 - ₹108
Retail Quota 35%
QIB Quota 50%
NII Quota 15%
Employee Discount --
Listing at NSE
Minimum Quantity 1200
Investment (cut-off price) ₹129,600
Pre IPO Promotor Holding 95.16%
Post IPO Promotor Holding 63.94%
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Agarwal Toughened Glass India IPO Timelines

The IPO process for Agarwal Toughened Glass India includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.

28/11/2024
Start Date
02/12/2024
End Date
03/12/2024
Allotment Date View Status
04/12/2024
Refund Initiation
04/12/2024
Credit of Shares to Demat Ac
05/12/2024
Listing Date

Agarwal Toughened Glass India IPO Lot Size

The Agarwal Toughened Glass India IPO has a fixed lot size of 1,200 shares, at an upper price band of ₹108 per share, requiring ₹129,600 per lot for retail investors. For HNI investors, the minimum application is 2,400 shares (2 lots) amounting to ₹259,200.

Application Lot Size Shares Amount
Retail Minimum 1 1200 ₹129,600
Retail Maximum 1 1200 ₹129,600
S-HNI Minimum 2 2400 ₹259,200

Agarwal Toughened Glass India IPO Subscription Status

The subscription status for Agarwal Toughened Glass India IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.

QIB NII Retail EMP Total
4.49x 15.17x 10.71x -- 9.89x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹135 ₹141.75 ₹141.75 ₹130

Agarwal Toughened Glass India IPO Company Financials

Year Total Income Total Expense PAT
FY 2022 ₹34.72 ₹34.05 ₹0.50
FY 2023 ₹40.60 ₹39.26 ₹0.97
FY 2024 ₹40.50 ₹28.90 ₹8.69
FY 2025 (6 M) ₹23.50 ₹17.42 ₹4.54

About Company

Agarwal Toughened Glass India Limited (ATGIL), established in 2009, is an ISO 9001-2015 certified company with over 25 years of expertise in special glass, advanced materials, and cutting-edge technologies. The company specializes in high-performance reflective architectural glasses and offers a broad range of tailor-made solutions to meet diverse client needs. ATGIL’s products are known for their unique combination of quality, elegance, and functionality, which has fueled its rapid growth. With modernized equipment, a qualified team of professionals, and a state-of-the-art engineering facility, ATGIL is able to meet the evolving needs of commercial buildings, including features like light transmission, solar control, wind resistance, and energy efficiency.

ATGIL manufactures a variety of tempered safety glasses and insulating glass units, adhering to both Indian and international standards. The company’s strong commitment to quality, innovation, and customer satisfaction has made it a recognized leader in the industry. With a highly experienced research team and a high-tech lab, ATGIL continues to push the boundaries of architectural glass products, contributing to the success of its customers globally.

Incorporation Date Sector Managing Director
2009 Manufacturing Anita Agarwal

Know Before Investing

Agarwal Toughened Glass India IPO Strengths

  • Drive continuous infrastructure investment for growth and innovation.
  • Strengthen and expand existing business relationships for greater market reach.
  • Maintain a steadfast commitment to consistently meeting and exceeding quality standards.
  • Boost operational efficiencies to enhance productivity and cost-effectiveness.
  • Build and solidify a strong brand presence across the Indian market.

Agarwal Toughened Glass India IPO Risks

  • Heavy reliance on a few key customers means any decline in sales or revenue from them could impact business performance.
  • Operating on a purchase order basis without long-term contracts increases the risk of losing customers and affecting growth prospects.
  • Difficulty in attracting new clients, retaining existing ones, or dealing with payment defaults could severely impact business growth and cash flow.

Swot Analysis for Agarwal Toughened Glass India IPO

Strengths

Leader in toughened glass manufacturing, Diverse product range

Weaknesses

Dependence on construction industry, Limited brand recognition

Opportunities

Growing demand for glass products, Potential for international expansion

Threats

Intense competition, Fluctuations in raw material prices

Company Details

Agarwal Toughened Glass India Limited

F-2264, RIICO Industrial Area,
Ramchandrapura, Sitapur (Ext.),
Jaipur – 302 022

Phone: +91 723 004 3212

Email: cs_complianceofficer@agarwaltuff.com

Website: http://www.agarwaltuff.com/

IPO Registar Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: atgil.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

FAQs

The key objectives of Agarwal Toughened Glass India IPO are:

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

Cumulative Capital Private Limited is the book-running lead managers for the Agarwal Toughened Glass India IPO.

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