December 5, 2024
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Agarwal Toughened Glass listing Review
On 5th December 2024, the scrip is listed at Rs. 135, 25% premium over the issue price. The listing is in line with the expectations of the grey market players.
Agarwal Toughened Glass IPO allotment Link
Rs. 32
Subscription status of Agarwal Toughened Glass IPO
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Agarwal Toughened Glass India IPO Price Rs. 108 Lot 1200 shares, Rs. 62.64 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 4.49 | 15.17 | 10.71 | 9.89 | 18,395 (11.46x) |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Agarwal Toughened Glass?
Founded in October 2009, Agarwal Toughened Glass India Limited specializes in the production of tempered glass. Its products are widely utilized across multiple industries, including shower doors, refrigerator trays, mobile screen protectors, bulletproof glass for diving masks, as well as various plates and cookware.
The company holds ISO 9001:2015 certification, reflecting its commitment to maintaining a high-quality management system.
Agarwal Toughened Glass serves a diverse range of sectors, such as office buildings, hotels, educational institutions, banks, insurance firms, shopping centers, and diplomatic residences.
The company’s product range includes:
- Annealed Glass
- Toughened Glass
- Insulated Glass
- Laminated Safety Glass
- Heat Soaked Glass
In ensuring the quality of its products, the company conducts a series of rigorous tests, including human impact assessments, ball drop tests, design and visual inspections, residual stress evaluations through annealing, and precise measurements of glass thickness and weight.
Get more information about the company @ http://www.agarwaltuff.com/
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Agarwal Toughened Glass IPO Details |
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| IPO opens on | 28 November 2024 |
| IPO closes on | 2 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5799600 Shares / Rs 62.64 Crore |
| * Fresh Issue | 5799600 Shares / Rs 62.64 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 297600 Shares |
| Net offer to Public | 5502000 Shares/ Rs.59.42 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 105-108 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 2751000 | 29.71 |
| NII (15%) | 825300 | 8.91 |
| RII (35%) | 1925700 | 20.80 |
| Total Shares | 5502000 | 62.64 |
| Retail portion will be oversubscribed by |
1605 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1200 Shares | Rs.129600 |
| Min HNI Application | 2400 Shares | Rs.259200 |
Who are the Promoters of Agarwal Toughened Glass?
Anita Agarwal, Mahesh Kumar Agarwal, Uma Shankar Agarwal, and Sharda Agarwal are the company’s promoters.
What are the Objects of Agarwal Toughened Glass IPO?
The Offer comprises of fresh issue of shares
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objectives:
- Purchase machinery at the existing manufacturing unit;
- Repayment of certain Borrowings;
- To meet incremental working capital requirements; and
- General Corporate Expenses.
Tentative timetable |
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| IPO opens on | 28 November 2024 |
| IPO Closes on | 2 December 2024 |
| IPO Allotment on | 3 December 2024 |
| Refund Initiation | 4 December 2024 |
| Credit of Shares | 4 December 2024 |
| Listing on | 5 December 2024 |
| Registered Office of the Company Agarwal Toughened Glass India Limited F-2264, RIICO Industrial Area, Ramchandrapura, Sitapur (Ext.), Jaipur – 302 022 |
| Who is the Lead Manager of this IPO? Cumulative Capital Private Limited |
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Who is the Registrar to IPO? |
Agarwal Toughened Glass IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Agarwal Toughened Glass IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 34.72 | |||
| 2022-23 | 40.60 | 0.97 | ||
| 2023-24 | 40.50 | 8.69 | 7.31 | |
| Book Value of the Share on 31.03.2024 |
Rs | |||
| BV of the Share at cap price after IPO |
Rs. | – | ||
| Offer Price/upper band | Rs. | 108 | ||
IPO
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| Price/EPS of 23-24 | 14.77 |
| Price/BV Ratio | |
| Price/BV after IPO | |
How Agarwal Toughened Glass IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Rajputana Biodiesel | 10 | 53.68 | 14.19 |
| Kotyark Industries | 197.12 | 51.41 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Agarwal Toughened Glass IPO Review
Founded in October 2009, Agarwal Toughened Glass India Limited specializes in the production of tempered glass. Its products are widely utilized across multiple industries, including shower doors, refrigerator trays, mobile screen protectors, bulletproof glass for diving masks, as well as various plates and cookware.
The company holds ISO 9001:2015 certification, reflecting its commitment to maintaining a high-quality management system.
IPO Details and Market Outlook
The IPO size stands at an impressive Rs. 62.64 crore, offering 5799600 shares. This is a relatively large offering, especially when compared to recent IPO trends. With 1605 applications, the retail portion of the offering is expected to be subscribed once.
The financial performance over the past two years warrants a thorough analysis. In the fiscal year 2022-23, the company reported a net profit of Rs.97 lakhs on a total income of Rs.40.60 crore. However, in 2023-24, the net profit surged dramatically to Rs.8.69 crore, despite a slight decrease in total income to Rs.40.50 crore. This sharp increase in profitability is striking, raising questions about the sustainability of such margins in the future.
+ from fundamental angle: May Apply
+ from grey market angle: ?
Quicklinks
Agarwal Toughened Glass IPO GMP today allotment, review?
Agarwal Toughened Glass IPO GMP grey market premium
Agarwal Toughened Glass IPO FAQs
What is Agarwal Toughened Glass IPO?
This is a SME IPO of 5799600 equity shares of the face value of Rs. 10 aggregating up to Rs.62.64 Crores. The issue is priced at Rs.105-108 per share. The minimum order quantity is 1200 Shares.
When will Agarwal Toughened Glass IPO subscription open?
Agarwal Toughened Glass IPO opens on November 28, 2024, and closes on December 02, 2024.
What is the lot size of Agarwal Toughened Glass IPO?
Agarwal Toughened Glass IPO lot size is 1200 Shares, and the minimum amount required is Rs.129600
How to apply for Agarwal Toughened Glass IPO?
You can apply in Agarwal Toughened Glass IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Agarwal Toughened Glass IPO allotment?
The finalization of Basis of Allotment for Agarwal Toughened Glass IPO will be done on December 04, 2024, and the allotted shares will be credited to your demat account by 5 December, 2024.
When is Toughened IPO listing date?
Agarwal Toughened Glass IPO listing date is December 5, 2024.
