Agarwal Float Glass India IPO vs DHARNI Capital IPO

Comparison between Agarwal Float Glass India IPO and DHARNI Capital IPO.

IPO Details

Agarwal Float Glass India IPO is a SME Fixed Price IPO proposed to list at NSE SME while DHARNI Capital 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 DHARNI Capital IPO is up to ₹10.20 Cr. The final issue price of Agarwal Float Glass India IPO is ₹42.00 per share and of DHARNI Capital IPO is ₹20.00 per share.

 Agarwal Float Glass India IPODHARNI Capital IPO
Face Value₹10 per share₹1 per share
Issue Price (Final)₹42.00 per share₹20.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares6000 shares
Fresh Issue Size20,76,000 shares51,00,000 shares
Fresh Issue Size (Amount)up to ₹8.72 Crup to ₹10.20 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total20,76,000 shares51,00,000 shares
Issue Size Total (Amount)up to ₹8.72 Crup to ₹10.20 Cr

IPO Timetable

Agarwal Float Glass India IPO opens on Feb 10, 2023, while DHARNI Capital IPO opens on Jan 18, 2023. The closing date of Agarwal Float Glass India IPO and DHARNI Capital IPO is Feb 15, 2023, and Jan 20, 2023, respectively.

 Agarwal Float Glass India IPODHARNI Capital IPO
Issue OpenFeb 10, 2023Jan 18, 2023
Issue CloseFeb 15, 2023Jan 20, 2023
Basis Of Allotment (Tentative)Feb 20, 2023Jan 25, 2023
Initiation of Refunds (Tentative)Feb 21, 2023Jan 27, 2023
Credit of Share (Tentative)Feb 22, 2023Jan 30, 2023
Listing date (Tentative)Feb 23, 2023Jan 31, 2023

Financials & KPIs

Agarwal Float Glass India IPO P/E ratio is 5.68, as compared to DHARNI Capital IPO P/E ratio of 34.48.

 Agarwal Float Glass India IPODHARNI Capital 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
Assets2.932.450.250.19
Total Income3.0514.692.550.20
Profit After Tax0.590.970.150.01
NET Worth2.862.270.11-0.04
Reserves and Surplus0.000.000.000.00
Total Borrowing0.000.000.090.22
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.99%100%
Promoter Shareholding (Post-Issue)69.77%73.64%
P/E Ratio5.6834.48
Market Cap₹30.42 Cr.₹40.74 Cr.
ROE18.36
ROCE16.26
Debt/Equity3.48
EPS₹5.03₹5.46
RoNW3142.6

Shares Offered

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

 Agarwal Float Glass India IPODHARNI Capital IPO
Market Maker Reservation1,14,000 shares2,70,000 shares
NII10,38,000 shares25,50,000 shares
RII10,38,000 shares25,50,000 shares
Total20,76,000 shares51,00,000 shares

Bids Received (Subscription)

Agarwal Float Glass India IPO subscribed 5.16x in total, whereas DHARNI Capital IPO subscribed 6.57x.

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