Fixed Price IPO | ₹9 Cr | Listed at NSE SME | Tue, Apr 11, 2023 - Thu, Apr 13, 2023
A G Universal IPO is a fixed price issue of ₹8.72 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹8.72 crore.
A G Universal IPO bidding started from Apr 11, 2023 and ended on Apr 13, 2023. The allotment for A G Universal IPO was finalized on Apr 19, 2023. The shares got listed on NSE SME on Apr 24, 2023.
A G Universal IPO price is ₹60 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,40,000.
Share India Capital Services Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Share India Securities Ltd..
Refer to A G Universal IPO RHP for detailed Information.
IPO Open
Tue, Apr 11, 2023
IPO Close
Thu, Apr 13, 2023
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹32.90 Cr
| IPO Date | 11 to 13 Apr, 2023 |
| Listed on | Mon, Apr 24, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 14,54,000 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 74,000 shares Share India Securities Ltd. (agg. up to ₹0.4440 Cr) |
| Fresh Issue (Ex Market Maker) | 13,80,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 13,80,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 40,30,000 shares |
| Share Holding Post Issue | 54,84,000 shares |
| NSE Symbol | AGUL |
| ISIN | INE0O6N01012 |
A G Universal IPO comprises a total issue size of 14,54,000 shares. The net offer to the public is 13,80,000 shares, after excluding 74,000 shares allotted on a firm basis. Of the Net offer 6,90,000 (50.00%) allocated to NII 6,90,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,90,000 | 50.00% | 47.46% |
| Retail Shares Offered | 6,90,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 74,000 | 5.09% | |
| Total Shares Offered | 14,54,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,20,000 |
| Retail (Max) | 1 | 2,000 | ₹1,20,000 |
| HNI (Min) | 2 | 4,000 | ₹2,40,000 |
Incorporated in 2008, A G Universal Limited operates as a supplier of industrial MS Tubes, GI Pipes, and Hollow Sections.
The company's product range includes Stainless Steel Pipes, Mild Steel Pipes, ERW Black Pipes, GI Pipes, Hollow Sections, uPVC Pipes, cPVC Pipes, TMT Bars, Wire Rods, MS Wire, CR Coils, and HR Coils.
A G Universal's customer base includes Surya Roshni Limited, Jindal Supreme (India) Private Limited, Swastik Pipe Limited, Ravindra Tubes Private Limited, SKS Ispat & Power Ltd, etc.
The company was initially established as Akshata Polymers Private Limited as a petroleum (polymers) business. The company has done dealership agreements with many organizations like Reliance Industries Ltd. for its petroleum products (polymers/FO/oils) business and import of polymer products from Korea, China, Saudi Arabia, etc.
The company is also engaged in the activities of investment in properties and shares of listed and unlisted companies.
| Period Ended | 30 Nov 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 26.43 | 18.56 | 14.35 | 15.24 |
| Total Income | 35.95 | 70.74 | 38.64 | 20.08 |
| Profit After Tax | 1.14 | 0.71 | 0.15 | 0.05 |
| NET Worth | 6.76 | 2.62 | 1.91 | 1.76 |
| Reserves and Surplus | 2.73 | 0.90 | 1.66 | 1.52 |
| Total Borrowing | 9.50 | 9.43 | 9.45 | 7.84 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the Working Capital Requirements of the Company | 6.11 |
| 2 | General Corporate Purposes | 2.05 |
| KPI | |
|---|---|
| ROE | 39.79% |
| ROCE | 13.49% |
| Debt/Equity | 1.41 |
| RoNW | 16.91% |
| PAT Margin | 1.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.07 | |
| P/E (x) | 3.12 | |
| Promoter Holding | 95.53% | 70.20% |
| Market Cap | ₹32.90 Cr. |
The A G Universal IPO is subscribed 3.36 times on April 13, 2023 7:30:00 PM (Day 3). The public issue subscribed 2.54 times in the retail category, [.] times in the QIB category, and 3.71 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 3.71 | 7,27,000 | 27,00,000 |
| Retail | 2.54 | 7,27,000 | 18,48,000 |
| Total | 3.36 | 14,54,000 | 48,84,000 |
Total Applications: 924
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission. | 0.20 |
| 2 | Registrar to the Issue | 0.02 |
| 3 | Legal Advisor | 0.01 |
| 4 | Advertising and marketing expenses | 0.05 |
| 5 | Regulator including stock exchanges | 0.08 |
| 6 | Printing and distribution of issue stationary | 0.01 |
| 7 | Others (marketing making, depositories, marketing fees, secretarial, peer review auditors, Brokerage, selling commission and upload fees etc.) | 0.21 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹60.00 |
| Low | ₹57.25 |
| High | ₹61.50 |
| Last Trade | ₹60.10 |
Lead Manager Reports
A G Universal IPO is a SME IPO of 14,54,000 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Apr 11, 2023, and closes on Thu, Apr 13, 2023.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in A G Universal IPO using UPI as a payment gateway. Zerodha customers can apply in A G Universal IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in A G Universal IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The A G Universal IPO opens on Tue, Apr 11, 2023 and closes on Thu, Apr 13, 2023.
A G Universal IPO lot size is 2000, and the minimum amount required for application is ₹1,20,000.
You can apply in A G Universal IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for A G Universal IPO will be done on Wednesday, April 19, 2023, and the allotted shares will be credited to your demat account by Fri, Apr 21, 2023. Check the A G Universal IPO allotment status.
The A G Universal IPO listing date is on Mon, Apr 24, 2023.
