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Agarwal Float Glass India IPO vs Earthstahl IPO

Comparison between Agarwal Float Glass India IPO and Earthstahl IPO.

IPO Details

Agarwal Float Glass India IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Earthstahl IPO is a SME Bookbuilding proposed to list at BSE SME.

 Agarwal Float Glass India IPOEarthstahl IPO
LogoAgarwal Float Glass India IPO LogoEarthstahl IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Hem Securities Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerSMC Global Securities Ltd.Hem Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Agarwal Float Glass India IPO is up to ₹8.72 Cr whereas the issue size of the Earthstahl IPO is up to ₹12.29 Cr. The final issue price of Agarwal Float Glass India IPO is ₹42.00 per share and of Earthstahl IPO is ₹40.00 per share.

 Agarwal Float Glass India IPOEarthstahl IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹38.00 per share
Issue Price (Upper)₹40.00 per share
Issue Price (Final)₹42.00 per share₹40.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares3000 shares
Fresh Issue Size20,76,000 shares30,72,000 shares
Fresh Issue Size (Amount)up to ₹8.72 Crup to ₹12.29 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total20,76,000 shares30,72,000 shares
Issue Size Total (Amount)up to ₹8.72 Crup to ₹12.29 Cr

IPO Timetable

Agarwal Float Glass India IPO opens on Feb 10, 2023, while Earthstahl IPO opens on Jan 27, 2023. The closing date of Agarwal Float Glass India IPO and Earthstahl IPO is Feb 15, 2023, and Jan 31, 2023, respectively.

 Agarwal Float Glass India IPOEarthstahl IPO
Anchor Bid Date
Issue OpenFeb 10, 2023Jan 27, 2023
Issue CloseFeb 15, 2023Jan 31, 2023
Basis Of Allotment (Tentative)Feb 20, 2023Feb 03, 2023
Initiation of Refunds (Tentative)Feb 21, 2023Feb 06, 2023
Credit of Share (Tentative)Feb 22, 2023Feb 07, 2023
Listing date (Tentative)Feb 23, 2023Feb 08, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Agarwal Float Glass India IPO P/E ratio is 5.68, as compared to Earthstahl IPO P/E ratio of 4.22.

 Agarwal Float Glass India IPOEarthstahl IPO
Financials
Agarwal Float Glass India Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-201,767.313,227.438.83201.30-0.841,120.38
31-Mar-211,811.873,188.1324.73226.0223.881,175.30
31-Mar-221,761.794,216.91101.68327.68125.541,141.78
30-Sep-222,177.312,369.04267.75595.43393.291,167.91
Amount in ₹ Lakhs
Earthstahl & Alloys Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202,990.733,181.58-33.4944.24200.221,733.71
31-Mar-212,817.232,457.53267.31311.55467.531,396.82
31-Mar-223,592.614,907.54745.481,057.031,213.011,399.97
30-Sep-224,303.344,824.68580.471,637.501,793.481,092.93
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.99100.00
Promoter Shareholding (Post-Issue)69.7773.53
P/E Ratio5.684.22
Market Cap₹30.42 Cr.₹48.96 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Agarwal Float Glass India IPO Retail Individual Investors (RII) are offered 10,38,000 shares while in Earthstahl IPO retail investors are offered 10,38,000 shares. Qualified Institutional Buyers (QIB) are offered in Agarwal Float Glass India IPO and 9,18,000 shares in Earthstahl IPO.

 Agarwal Float Glass India IPOEarthstahl IPO
Anchor Investor Reserveration
Market Maker Reserveration1,14,000 shares1,68,000 shares
QIB9,18,000 shares
NII10,38,000 shares10,77,000 shares
RII10,38,000 shares10,77,000 shares
Employee
Others
Total20,76,000 shares30,72,000 shares

Bids Received (Subscription)

Agarwal Float Glass India IPO subscribed 5.16x in total, whereas Earthstahl IPO subscribed 235.18x.

 Agarwal Float Glass India IPOEarthstahl IPO
QIB (times)39.83x
NII (times)3.13x445.09x
Big NII (times)
Small NII (times)
RII (times)7.20x191.77x
Employee (times)
Other (times)
Total (times)5.16x235.18x