IPO

Agarwal Toughened Glass India Limited IPO

NSE SME

Listed On: Dec 5, 2024 at ₹ 135.0

₹ 259200 /2400 Shares
*Min Investment

Check Allotment

28 Nov, 2024

Open Date

02 Dec, 2024

Close Date

03 Dec, 2024

Allotment Date

05 Dec, 2024

Listing Date
Agarwal Toughened Glass India IPO Issue Details
  • Issue Price ₹105-108 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 57,99,600 shares(aggregating up to ₹62.64 crore)
  • Fresh Share 57,99,600 shares(aggregating up to ₹62.64 crore)
  • Listing at NSE SME
  • List Price 135.0
  • Listing Date 2024-12-05
  • Lead Manager Cumulative Capital Private Limited
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)11200₹1,29,600
Retail(max)11200₹1,29,600
NII (min) 22,400₹2,59,200
Agarwal Toughened Glass India IPO Reservation

Agarwal Toughened Glass India IPO offers total 5,799,600 shares. Out of which 1,100,400 (18.97%) allocated to QIB, 825,600 (14.24%) allocated to NII,1,926,000 (33.21%) allocated to RII, NA (NA%) allocated to employees and 1,650,000 (28.45%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered1,650,000 (28.45%)
Market Maker Shares Offered297,600 (5.13%)
QIB Shares Offered1,100,400 (18.97%)
NII (HNI) Shares Offered825,600 (14.24%)
Retail Shares Offered1,926,000 (33.21%)
Total Shares Offered5,799,600 (100%)
Agarwal Toughened Glass India IPO Documents
DRHP
RHP
Agarwal Toughened Glass India IPO Details


Agarwal Toughened Glass India Limited IPO is an SME IPO, priced at ₹105-108 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 57,99,600 equity shares, aggregating up to ₹62.64 crores..

The IPO bidding window is open from Nov 28, 2024 to Dec 2, 2024. The allotment is expected to be finalized on Dec 3, 2024, and the tentative listing date is Dec 5, 2024.

The minimum lot size for retail investors is 1200 shares, with a minimum investment of ₹1,29,600. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,59,200.

Cumulative Capital Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Nikunj Stock Brokers Limited will act as the market maker for this issue.

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Agarwal Toughened Glass India IPO Subscription Analysis And Details
Retail
10.71x
Total
9.97x
As onQIB / NIIRetailTotal
Shares Offered / Reserved1,100,400 / 825,6001,926,0003,852,000
Day 1 28-11-24 06:00 PM
0.01 / 0.12 x0.73 x0.39 x
Day 2 29-11-24 06:00 PM
0.01 / 0.48 x1.79 x1.00 x
Day 3 02-12-24 06:00 PM
4.49 / 15.33 x10.71 x9.97 x
Total No of Applications
18,395
Agarwal Toughened Glass India Valuations
EPS Pre IPO ₹7.31/-
EPS Post IPO ₹5.14/-
P/E Pre IPO 14.77
P/E Post IPO 21.03
ROE 21.77%
ROCE 19.78%
Debt/Equity 1.47
RoNW 21.77%
PAT Margin 20.37
Price to Book Value 6.15
Agarwal Toughened Glass India Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets5,154.854,062.323,620.49
Revenue4,050.264,060.323,471.99
Profit After Tax868.5296.9750.18
Net Worth1,630.80762.28665.31
Reserves & Surplus443.30287.28190.31
Total Borrowing2,924.512,876.682,641.92
About Agarwal Toughened Glass India Company

Agarwal Toughened Glass India Limited was founded in 2009 and is a manufacturer of toughened glass, processing various types of glass.

Following the manufacturing of toughened glass, it produces various types of glasses including laminated, frosted, tinted, reflective, clear, and double-glazed toughened glass for use in shower doors, refrigerator trays, mobile screen protectors, bulletproof glass for diving masks, and variety of plates and cookware. It is also used for architectural glass doors and tables. Tempered glass is also commonly used as partitions in residential and commercial buildings, hospitals, airports, shopping malls, stairwells, balustrades, and other architectural elements.

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Agarwal Toughened Glass India - Promoter(s)

Anita Agarwal

Mahesh Kumar Agarwal

Uma Shankar Agarwal

Sharda Agarwal

Pre Issue Share Holding : 95.16%

Post Issue Share Holding : 63.94%

Agarwal Toughened Glass India IPO - Issue Objectives
1

Purchase machinery at the existing manufacturing unit

2

Repayment of certain Borrowings

3

To meet incremental working capital requirements

4

General Corporate Expenses.

Agarwal Toughened Glass India IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Agarwal Toughened Glass India Limited3.823.8217.56N/A21.776.15Consolidated
Sejal Glass Limited3.773.7732.31150.1914.44N/AConsolidated
Borosil Limited2.362.3663.4671.213.645.63Consolidated

Notes:

  1. The P/E Ratio has been computed based on the closing market price of equity shares on the BSE on November 18, 2024, divided by the Diluted EPS of September 30, 2024.
  2. RoNW is computed as net profit after tax divided by the closing net worth. Net worth has been computed as the sum of share capital and reserves and surplus.
  3. NAV is computed as the closing net worth divided by the weighted average number of equity shares.
Contact Details

Agarwal Toughened Glass India

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

+91 723 004 3212

cs_complianceofficer@agarwaltuff.com

http://www.agarwaltuff.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

atgil.ipo@kfintech.com

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