Agarwal Toughened Glass IPO vs Emerald Tyre Manufacturers IPO

Comparison between Agarwal Toughened Glass IPO and Emerald Tyre Manufacturers IPO.

IPO Details

Agarwal Toughened Glass IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Emerald Tyre Manufacturers IPO is a SME Bookbuilding proposed to list at NSE SME.

	Agarwal Toughened Glass IPO	Emerald Tyre Manufacturers IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Cumulative Capital Pvt.Ltd.	GYR Capital Advisors Pvt.Ltd.
Registrar	Kfin Technologies Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Nikunj Stock Brokers Ltd.	Giriraj Stock Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Agarwal Toughened Glass IPO is up to ₹59.42 Cr whereas the issue size of the Emerald Tyre Manufacturers IPO is up to ₹46.41 Cr. The final issue price of Agarwal Toughened Glass IPO is ₹108.00 per share and of Emerald Tyre Manufacturers IPO is ₹95.00 per share.

	Agarwal Toughened Glass IPO	Emerald Tyre Manufacturers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹105.00 per share	₹90.00 per share
Issue Price (Upper)	₹108.00 per share	₹95.00 per share
Issue Price (Final)	₹108.00 per share	₹95.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	55,02,000 shares	46,86,000 shares
Fresh Issue Size (Amount)	up to ₹59.42 Cr	up to ₹44.52 Cr
OFS Issue Size	0 shares	1,99,200 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹1.89 Cr
Issue Size Total	55,02,000 shares	48,85,200 shares
Issue Size Total (Amount)	up to ₹59.42 Cr	up to ₹46.41 Cr

IPO Timetable

Agarwal Toughened Glass IPO opens on Nov 28, 2024, while Emerald Tyre Manufacturers IPO opens on Dec 05, 2024. The closing date of Agarwal Toughened Glass IPO and Emerald Tyre Manufacturers IPO is Dec 02, 2024, and Dec 09, 2024, respectively.

	Agarwal Toughened Glass IPO	Emerald Tyre Manufacturers IPO
Anchor Bid Date	Nov 27, 2024	Dec 04, 2024
Issue Open	Nov 28, 2024	Dec 05, 2024
Issue Close	Dec 02, 2024	Dec 09, 2024
Basis Of Allotment (Tentative)	Dec 03, 2024	Dec 10, 2024
Initiation of Refunds (Tentative)	Dec 04, 2024	Dec 10, 2024
Credit of Share (Tentative)	Dec 04, 2024	Dec 11, 2024
Listing date (Tentative)	Dec 05, 2024	Dec 12, 2024
Anchor Lockin End date 1	Jan 01, 2025	Jan 09, 2025
Anchor Lockin End date 2	Mar 02, 2025	Mar 10, 2025

Financials & KPIs

Agarwal Toughened Glass IPO P/E ratio is 14.77, as compared to Emerald Tyre Manufacturers IPO P/E ratio of 11.25.

Agarwal Toughened Glass IPO

Emerald Tyre Manufacturers IPO

Financials

Agarwal Toughened Glass India Limited Financial Information (Restated)

Agarwal Toughened Glass India Limited's revenue decreased by -0.25% and profit after tax (PAT) rose by 795.66% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	5,707.55	5,154.85	4,062.32	3,620.49
Total Income	2,349.73	4,050.26	4,060.32	3,471.99
Profit After Tax	453.92	868.52	96.97	50.18
Net Worth	2,084.72	1,630.80	762.28	665.31
Reserves and Surplus	897.22	443.30	287.28	190.31
Total Borrowing	3,055.39	2,924.51	2,876.68	2,641.92
Amount in ₹ Lakhs

Emerald Tyre Manufacturers Limited Financial Information (Restated Consolidated)

Emerald Tyre Manufacturers Limited's revenue increased by 2.37% and profit after tax (PAT) rose by 36% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Jul 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	18,190.29	17,393.60	14,976.86	13,556.09
Total Income	6,492.75	17,196.84	16,798.10	13,469.67
Profit After Tax	413.64	1,214.32	892.85	484.62
Net Worth	5,813.80	5,397.59	3,698.84	2,897.44
Reserves and Surplus	4,364.75	3,948.54	3,042.79	2,241.39
Total Borrowing	8,750.18	8,718.28	8,466.40	7,504.59
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95.16

67.62

Promoter Shareholding (Post-Issue)

63.94

P/E Ratio

14.77

11.25

Market Cap

₹190.89 Cr.

₹185.03 Cr.

ROE

21.77%

ROCE

19.78%

15.84%

Debt/Equity

1.47

1.61

EPS

₹7.31

₹8.44

RoNW

21.77%

22.63%

Shares Offered

In the Agarwal Toughened Glass IPO Retail Individual Investors (RII) are offered 19,26,000 shares while in Emerald Tyre Manufacturers IPO retail investors are offered 19,26,000 shares. Qualified Institutional Buyers (QIB) are offered 11,00,400 shares in Agarwal Toughened Glass IPO and 9,76,800 shares in Emerald Tyre Manufacturers IPO.

	Agarwal Toughened Glass IPO	Emerald Tyre Manufacturers IPO
Anchor Investor Reserveration	16,50,000 shares	14,64,000 shares
Market Maker Reserveration	2,97,600 shares	3,00,000 shares
QIB	11,00,400 shares	9,76,800 shares
NII	8,25,600 shares	7,33,200 shares
RII	19,26,000 shares	17,11,200 shares
Employee
Others
Total	55,02,000 shares	48,85,200 shares

Bids Received (Subscription)

Agarwal Toughened Glass IPO subscribed 9.89x in total, whereas Emerald Tyre Manufacturers IPO subscribed 530.59x.

	Agarwal Toughened Glass IPO	Emerald Tyre Manufacturers IPO
QIB (times)	4.49x	195.95x
NII (times)	15.17x	912.18x
Big NII (times)
Small NII (times)
RII (times)	10.71x	558.11x
Employee (times)
Other (times)
Total (times)	9.89x	530.59x

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