Agarwal Toughened Glass IPO Details: The Agarwal Toughened Glass IPO is set to open on November 28, 2024, and will close on December 2, 2024. This is a Book Built Issue, with the company aiming to raise approximately ₹62.64 crores through the IPO, which includes a fresh issue of ₹62.64 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The price band for the Agarwal Toughened Glass IPO is ₹105 to ₹108 per share. The allocation will be 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The IPO is expected to be listed on the NSE on December 5, 2024, with the allotment date scheduled for December 3, 2024.
For the financial year 2024, the company reported a revenue of ₹40.50 crores, slightly down from ₹40.60 crores in 2023. However, its profit saw a significant increase, rising to ₹8.69 crores in 2024 from ₹0.97 crores in 2023. Based on these financial results, investors may consider applying for the IPO with a long-term investment perspective.
Agarwal Toughened Glass IPO Objectives:
- Purchase machinery at the existing manufacturing unit;
- Repayment of certain Borrowings;
- To meet incremental working capital requirements; and
- General Corporate Expenses.
Agarwal Toughened Glass IPO Review (Apply or Not)
- May Apply
Agarwal Toughened Glass IPO Date & Price Band Details:
| IPO Open Date: | November 28, 2024 |
| IPO Close Date: | December 2, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹105 to ₹108 Per Share |
| Issue Size: | Approx ₹62.64 Crores |
| Fresh Issue: | Approx ₹62.64 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Agarwal Toughened Glass IPO Lot Size:
The Agarwal Toughened Glass IPO offers a minimum market lot of 1,200 shares, requiring an application amount of ₹129,600.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1,200 | ₹129,600 |
| Retail Maximum | 1 | 1,200 | ₹129,600 |
| S-HNI Minimum | 2 | 2,400 | ₹259,200 |
Agarwal Toughened Glass IPO Timeline:
The Agarwal Toughened Glass IPO will open on November 28 and close on December 2. The allotment of shares will be finalized on December 3, with the IPO set to list on December 5.
| IPO Open Date: | November 28, 2024 |
| IPO Close Date: | December 2, 2024 |
| Basis of Allotment: | December 3, 2024 |
| Refunds: | December 4, 2024 |
| Credit to Demat Account: | December 4, 2024 |
| IPO Listing Date: | December 5, 2024 |
Agarwal Toughened Glass IPO GMP Today:
The Grey Market Premium (GMP) for the Agarwal Toughened Glass India SME IPO stands at ₹10. With the IPO’s price band set at ₹108, the estimated listing price is ₹118 (the cap price plus today’s GMP). This indicates an expected potential gain of 9.26% per share at the time of listing.
Promoters of the Agarwal Toughened Glass IPO
The promoters of Agarwal Toughened Glass India Limited are Anita Agarwal, Mahesh Kumar Agarwal, Uma Shankar Agarwal, and Sharda Agarwal.
About Agarwal Toughened Glass IPO
Founded in 2009, Agarwal Toughened Glass India Limited is a technology-driven company specializing in the production of toughened glass. With over 25 years of experience, the company offers a wide range of advanced materials and high-performance reflective glasses. Their product portfolio includes clear, laminated, reflective, tinted, double-glazed, and frosted toughened glasses, all recognized for their exceptional safety and strength. These toughened glasses are widely used in demanding applications such as passenger vehicle windows, shower doors, architectural glass doors, refrigerator trays, mobile screen protectors, and even bulletproof glass for diving masks. Additionally, their products are highly sought after for use in various commercial and residential spaces, including shopping malls, airports, hospitals, residential and commercial buildings, facades, staircases, and balustrades, offering both durability and versatile design options.
For the financial year ending March 31, 2024, Agarwal Toughened Glass India Limited reported a revenue of ₹40.50 crores, with an impressive 795.66% increase in profit after tax (PAT) compared to the previous year.
Agarwal Toughened Glass IPO Company Financial Report
The company reported revenue of ₹40.50 crores in 2024 against ₹40.60 crore in 2023. The company reported Profit of ₹8.69 crores in 2024 against Profit of ₹0.97 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹34.72 | ₹34.05 | ₹0.50 | ₹36.20 |
| 2023 | ₹40.60 | ₹39.26 | ₹0.97 | ₹40.62 |
| 2024 | ₹40.50 | ₹28.90 | ₹8.69 | ₹51.55 |
| September 2024 | ₹23.50 | ₹17.42 | ₹4.54 | ₹57.08 |
Agarwal Toughened Glass IPO Valuation – FY2024
Check Agarwal Toughened Glass IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 72.59% |
| ROCE: | 31.34% |
| EBITDA Margin: | 35.77% |
| PAT Margin: | 22.66% |
| Debt to equity ratio: | 1.81 |
| Earning Per Share (EPS): | ₹7.31 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 53.26% |
| Net Asset Value (NAV): | ₹- |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Sejal Glass Limited | 3.77 | 150.19 | 14.44 | 32.31 | 114.32 Cr. |
| Borosil Limited | 2.36 | 71.21 | 3.64 | 63.46 | 490.70 Cr. |
Agarwal Toughened Glass IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: atgil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Cumulative Capital Private Limited
Company Address
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/
Agarwal Toughened Glass IPO FAQs
What is the Agarwal Toughened Glass IPO?
The Agarwal Toughened Glass IPO is an SME IPO through which the company aims to raise ₹62.64 crores. The issue is priced between ₹105 and ₹108 per equity share, and the IPO will be listed on the NSE.
When will the Agarwal Toughened Glass IPO open for subscription?
The IPO will open for subscription on November 28, 2024, for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors. The issue will close on December 2, 2024.
What is the investors’ portion in the Agarwal Toughened Glass IPO?
The allocation for investors in the Agarwal Toughened Glass IPO is as follows:
- 50% for Qualified Institutional Buyers (QIBs)
- 15% for Non-Institutional Investors (NIIs)
- 35% for Retail Investors
How can I apply for the Agarwal Toughened Glass IPO?
You can apply for the Agarwal Toughened Glass IPO online via ASBA through your bank account. Alternatively, you can use UPI through your stockbroker to apply online or submit an offline application through your stockbroker by filling out the form.
What is the issue size of the Agarwal Toughened Glass IPO?
The issue size of the Agarwal Toughened Glass IPO is ₹62.64 crores.
What is the price band of the Agarwal Toughened Glass IPO?
The price band for the Agarwal Toughened Glass IPO is ₹105 to ₹108 per equity share.
What is the lot size of the Agarwal Toughened Glass IPO?
The minimum bid for the Agarwal Toughened Glass IPO is 1,200 shares, with an application amount of ₹129,600.
What is the allotment date for the Agarwal Toughened Glass IPO?
The allotment date for the Agarwal Toughened Glass IPO is December 3, 2024.
What is the listing date for the Agarwal Toughened Glass IPO?
The Agarwal Toughened Glass IPO will be listed on the NSE on December 5, 2024.
