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Agarwal Float Glass India IPO is a fixed price issue of ₹9.20 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹9.20 crore.
Agarwal Float Glass India IPO bidding started from Feb 10, 2023 and ended on Feb 15, 2023. The allotment for Agarwal Float Glass India IPO was finalized on Feb 20, 2023. The shares got listed on NSE SME on Feb 23, 2023.
Agarwal Float Glass India IPO price is ₹42.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,26,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,52,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is SMC Global Securities Ltd..
Refer to Agarwal Float Glass India IPO RHP for detailed Information.
| IPO Date | February 10, 2023 to February 15, 2023 |
| Listing Date | February 23, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹42 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 21,90,000 shares (aggregating up to ₹9.20 Cr) |
| Reserved for Market Maker | 1,14,000 shares SMC Global Securities Ltd. (aggregating up to ₹0.4788 Cr) |
| Net Offered to Public | 20,76,000 shares (aggregating up to ₹8.72 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 50,53,488 shares |
| Share Holding Post Issue | 72,43,488 shares |
Agarwal Float Glass India IPO offers total 21,90,000 shares. Out of which 10,38,000 (47.40%) allocated to NII, 10,38,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,14,000 (5.21%) |
| NII (HNI) Shares Offered | 10,38,000 (47.40%) |
| Retail Shares Offered | 10,38,000 (47.40%) |
| Total Shares Offered | 21,90,000 (100.00%) |
Agarwal Float Glass India IPO opens on February 10, 2023, and closes on February 15, 2023.
| IPO Open Date | Fri, Feb 10, 2023 |
| IPO Close Date | Wed, Feb 15, 2023 |
| Tentative Allotment | Mon, Feb 20, 2023 |
| Initiation of Refunds | Tue, Feb 21, 2023 |
| Credit of Shares to Demat | Wed, Feb 22, 2023 |
| Tentative Listing Date | Thu, Feb 23, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Feb 15, 2023 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,26,000 |
| Retail (Max) | 1 | 3,000 | ₹1,26,000 |
| HNI (Min) | 2 | 6,000 | ₹2,52,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2018, Agarwal Float Glass India Limited is engaged in the business of trading of glass and specialized glass products. The company procures quality products from manufacturers and thereafter sells the same through the sales managers or directly to customers, as a wholesaler of glass and glass products.
The company is a crucial part of the Agarwal Group. The Group was set up by Uma Shankar Agarwal and Mahesh Kumar Agarwal in 1997 for trading ;in glass and glass products.
The products of Agarwal Float Glass India are delivered across the country. Their products are utilized in varied areas like office buildings, hotels, institutions, banks, insurance companies, shopping malls, diplomatic residences, and many others as per suitability. The product portfolio ranges between clear glass, different kinds of value-added glass products and processed glass products, of varying thicknesses.
Alongside trading of glass, the entity also offers processed glass including:
Agarwal Float Glass India Limited is highly dependent on suppliers and distributors. These suppliers include Saint-Gobain India Private Limited, Sisecam Flat Glass India Private Limited, Gold Plus Glass Industry Limited, Asahi India Glass Limited, and Gujarat Guardian Limited. With the help of strong associations, the company is able to deliver high quality products and satisfy the requirements of its customers.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 1,767.31 | 3,227.43 | 8.83 | 201.30 | -0.84 | 1,120.38 |
| 31-Mar-21 | 1,811.87 | 3,188.13 | 24.73 | 226.02 | 23.88 | 1,175.30 |
| 31-Mar-22 | 1,761.79 | 4,216.91 | 101.68 | 327.68 | 125.54 | 1,141.78 |
| 30-Sep-22 | 2,177.31 | 2,369.04 | 267.75 | 595.43 | 393.29 | 1,167.91 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Agarwal Float Glass India IPO is ₹30.42 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 5.68 |
The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:
[Dilip Davda] The company is in the trading business and fully dependent on third-party supply. Earnings for H1-FY23 raise eyebrows and concern over sustainability going forward. Though on the basis of FY23 earnings, the issue appears lucratively priced, on the basis of FY22 earnings, it is aggressively priced. Higher spending for the IPO process indicates funding arrangements. Thus, it can be termed a high-risk/low-return bet. Well-informed/cash surplus risk seekers may consider investing for the medium term. Read detail review...
| Listing Date | February 23, 2023 |
| BSE Script Code | |
| NSE Symbol | AGARWALFT |
| ISIN | INE0MLA01012 |
| Final Issue Price | ₹42 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹42.00 |
| Open | ₹44.00 |
| Low | ₹42.00 |
| High | ₹44.50 |
| Last Trade | ₹44.05 |
Agarwal Float Glass India Ltd.
H-1/790,
Sitapura Industrial Area Ext.,
Near Fire Bridge Office,
Jaipur, Rajasthan, 302022
Phone: +91 723 004 3211
Email: compliance@agarwafloat.com
Website: http://www.agarwalfloat.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: afgil.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Agarwal Float Glass India IPO is a SME IPO of 21,90,000 equity shares of the face value of ₹10 aggregating up to ₹9.20 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000.
The IPO opens on February 10, 2023, and closes on February 15, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Agarwal Float Glass India IPO using UPI as a payment gateway. Zerodha customers can apply in Agarwal Float Glass India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Agarwal Float Glass India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Agarwal Float Glass India IPO opens on February 10, 2023 and closes on February 15, 2023.
Agarwal Float Glass India IPO lot size is 3000, and the minimum amount required for application is ₹1,26,000.
You can apply in Agarwal Float Glass India 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 Agarwal Float Glass India IPO will be done on Monday, February 20, 2023, and the allotted shares will be credited to your demat account by Wednesday, February 22, 2023. Check the Agarwal Float Glass India IPO allotment status.
The Agarwal Float Glass India IPO listing date is on Thursday, February 23, 2023.
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