Agarwal Float Glass India IPO vs ITCONS E-Solutions IPO

Comparison between Agarwal Float Glass India IPO and ITCONS E-Solutions IPO.

IPO Details

Agarwal Float Glass India IPO is a SME Fixed Price IPO proposed to list at NSE SME while ITCONS E-Solutions IPO is a SME Fixed Price proposed to list at BSE SME.

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 ITCONS E-Solutions IPO is up to ₹8.23 Cr. The final issue price of Agarwal Float Glass India IPO is ₹42.00 per share and of ITCONS E-Solutions IPO is ₹51.00 per share.

 Agarwal Float Glass India IPOITCONS E-Solutions IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹42.00 per share₹51.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares2000 shares
Fresh Issue Size20,76,000 shares16,14,000 shares
Fresh Issue Size (Amount)up to ₹8.72 Crup to ₹8.23 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total20,76,000 shares16,14,000 shares
Issue Size Total (Amount)up to ₹8.72 Crup to ₹8.23 Cr

IPO Timetable

Agarwal Float Glass India IPO opens on Feb 10, 2023, while ITCONS E-Solutions IPO opens on Feb 28, 2023. The closing date of Agarwal Float Glass India IPO and ITCONS E-Solutions IPO is Feb 15, 2023, and Mar 02, 2023, respectively.

 Agarwal Float Glass India IPOITCONS E-Solutions IPO
Issue OpenFeb 10, 2023Feb 28, 2023
Issue CloseFeb 15, 2023Mar 02, 2023
Basis Of Allotment (Tentative)Feb 20, 2023Mar 08, 2023
Initiation of Refunds (Tentative)Feb 21, 2023Mar 09, 2023
Credit of Share (Tentative)Feb 22, 2023Mar 10, 2023
Listing date (Tentative)Feb 23, 2023Mar 13, 2023

Financials & KPIs

Agarwal Float Glass India IPO P/E ratio is 5.68, as compared to ITCONS E-Solutions IPO P/E ratio of 12.09.

 Agarwal Float Glass India IPOITCONS E-Solutions IPO
Financials

Company Financials (Restated Standalone)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets21.7717.6218.1217.67
Total Income23.6942.1731.8832.27
Profit After Tax2.681.020.250.09
NET Worth5.953.282.262.01
Reserves and Surplus3.931.260.24-0.01
Total Borrowing11.6811.4211.7511.20
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets7.924.713.413.51
Total Income16.0518.208.428.35
Profit After Tax1.061.190.080.11
NET Worth4.622.231.040.97
Reserves and Surplus1.292.221.030.96
Total Borrowing1.771.061.361.45
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.99%89.67%
Promoter Shareholding (Post-Issue)69.77%59.36%
P/E Ratio5.6812.09
Market Cap₹30.42 Cr.₹25.65 Cr.
ROE18.3653
ROCE16.2658
Debt/Equity3.480.48
EPS₹5.03₹4.16
RoNW3153.31

Shares Offered

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

 Agarwal Float Glass India IPOITCONS E-Solutions IPO
Market Maker Reservation1,14,000 shares86,000 shares
NII10,38,000 shares8,06,000 shares
RII10,38,000 shares8,08,000 shares
Total20,76,000 shares16,14,000 shares

Bids Received (Subscription)

Agarwal Float Glass India IPO subscribed 5.16x in total, whereas ITCONS E-Solutions IPO subscribed 16.79x.

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