Agarwal Toughened Glass India is set to launch its IPO from November 28 to December 2, 2024, with a price band ranging from ₹105 to ₹108 per share. The company specializes in manufacturing toughened glass products, catering to various sectors, including construction and automotive. With a strong focus on quality and innovation, Agarwal Toughened Glass aims to raise approximately ₹62.64 crores through this IPO.
₹20
₹108
₹135
Expert Opinions
Market sentiment for the Agarwal Toughened Glass India IPO is largely positive, driven by increasing demand for toughened glass in construction and automotive sectors. Company strengths include a robust reputation established since 2009, a diverse product range, and a commitment to quality and innovation, which positions it favorably against competitors. However, potential risks and challenges include fluctuations in raw material costs and regulatory compliance that may impact profitability.
The valuation analysis places the IPO price between ₹105 to ₹108 per share, which appears attractive given the company’s growth trajectory and market potential. From a long-term investment perspective, Agarwal Toughened Glass India is well-positioned to benefit from the expanding infrastructure landscape in India, making this IPO an appealing opportunity for investors seeking exposure to a high-demand sector.
Investor Considerations
Investors considering the Agarwal Toughened Glass India IPO should assess several key factors. Company performance and fundamentals indicate a stable financial position, with revenue of ₹40.50 crores in 2024 and a significant profit increase to ₹8.69 crores, showcasing operational efficiency. The sector outlook is promising, driven by rising demand for toughened glass in construction and automotive applications.
The IPO valuation, set between ₹105 and ₹108 per share, appears reasonable given the company’s strong return on equity of 72.59%. Growth prospects are robust, supported by plans for expanding production capacity and enhancing product offerings. However, investors should be aware of risk factors, including raw material price volatility and regulatory compliance challenges. A long-term investment horizon is advisable, as Agarwal Toughened Glass India is well-positioned to capitalize on the growing infrastructure sector in India, making this IPO an attractive opportunity for growth-oriented investors.
| Date | GMP | Trend |
|---|---|---|
| 04 Dec 2024 15.31 | ₹20 | Up |
| 03 Dec 2024 11.16 | ₹5 | --- |
| 02 Dec 2024 15.31 | ₹5 | Down |
| 01 Dec 2024 11.20 | ₹10 | --- |
| 30 Nov 2024 13.00 | ₹10 | --- |
| 29 Nov 2024 11.02 | ₹10 | --- |
| 28 Nov 2024 10.43 | ₹10 | --- |
| 27 Nov 2024 11.32 | ₹10 | --- |
| 26 Nov 2024 10.51 | ₹10 | --- |
| 25 Nov 2024 11.12 | ₹10 | --- |
| 23 Nov 2024 11.20 | ₹10 | Up |
| 22 Nov 2024 18.04 | ₹00 | --- |
FAQs
The Grey Market Premium showed good accuracy in predicting Agarwal Toughened Glass India’s listing performance. While the GMP of ₹20 predicted a premium of 18.52% over the issue price, the stock delivered a slightly higher gain of 25%. With a relatively small prediction error of 5.47%, the GMP effectively captured both the positive listing direction and approximate magnitude of gains, proving to be a reliable indicator in this case.
Agarwal Toughened Glass India IPO Current GMP is ₹20.
Agarwal Toughened Glass India IPO Expected Returns is 18.52%.
Agarwal Toughened Glass India IPO estimated listing price is ₹128.