Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Agarwal Toughened Glass IPO is a book build issue of ₹62.64 crores. The issue is entirely a fresh issue of 0.58 crore shares of ₹62.64 crore.
Agarwal Toughened Glass IPO bidding started from Nov 28, 2024 and ended on Dec 2, 2024. The allotment for Agarwal Toughened Glass IPO was finalized on Dec 3, 2024. The shares got listed on NSE SME on Dec 5, 2024.
Agarwal Toughened Glass IPO price band is set at ₹108.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,26,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,59,200.
Cumulative Capital 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 Nikunj Stock Brokers Ltd..
Refer to Agarwal Toughened Glass IPO RHP for detailed Information.
| IPO Date | November 28, 2024 to December 2, 2024 |
| Listing Date | December 5, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹105 to ₹108 per share |
| Issue Price Final | ₹108 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 57,99,600 shares (aggregating up to ₹62.64 Cr) |
| Reserved for Market Maker | 2,97,600 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹3.21 Cr) |
| Net Offered to Public | 55,02,000 shares (aggregating up to ₹59.42 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,18,75,000 shares |
| Share Holding Post Issue | 1,76,74,600 shares |
Agarwal Toughened Glass India IPO offers total 57,99,600 shares. Out of which 27,50,400 (47.42%) allocated to QIB, 11,00,400 (18.97%) allocated to QIB, 8,25,600 (14.24%) allocated to NII, 19,26,000 (33.21%) allocated to RII and 16,50,000 (28.45%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,97,600 (5.13%) |
| QIB Shares Offered | 27,50,400 (47.42%) |
| − Anchor Investor Shares Offered | 16,50,000 (28.45%) |
| − QIB (Ex. Anchor) Shares Offered | 11,00,400 (18.97%) |
| NII (HNI) Shares Offered | 8,25,600 (14.24%) |
| Retail Shares Offered | 19,26,000 (33.21%) |
| Total Shares Offered | 57,99,600 (100.00%) |
Agarwal Toughened Glass IPO raises ₹17.82 crore from anchor investors. Agarwal Toughened Glass IPO Anchor bid date is November 27, 2024. Agarwal Toughened Glass IPO Anchor Investors list
| Bid Date | November 27, 2024 |
| Shares Offered | 16,50,000 |
| Anchor Portion Size (In Cr.) | 17.82 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 1, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 2, 2025 |
Agarwal Toughened Glass IPO opens on November 28, 2024, and closes on December 2, 2024.
| IPO Open Date | Thu, Nov 28, 2024 |
| IPO Close Date | Mon, Dec 2, 2024 |
| Tentative Allotment | Tue, Dec 3, 2024 |
| Initiation of Refunds | Wed, Dec 4, 2024 |
| Credit of Shares to Demat | Wed, Dec 4, 2024 |
| Tentative Listing Date | Thu, Dec 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Dec 2, 2024 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,29,600 |
| Retail (Max) | 1 | 1,200 | ₹1,29,600 |
| HNI (Min) | 2 | 2,400 | ₹2,59,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in October 2009, Agarwal Toughened Glass India Limited manufactures tempered glasses. The company's products are used in various industries, such as shower doors, refrigerator trays, mobile screen protectors, bulletproof glass for diving masks, and a variety of plates and cookware.
The company is ISO 9001:2015 certified for its Quality Management System.
The company caters to segments such as office buildings, hotels, institutions, banks, insurance firms, shopping centres, and diplomatic homes.
The product portfolio of the company comprises of
The company conducts various tests on its products, including human impact assessments, ball drop tests, design and visual inspections, annealing evaluations (for residual stress), and glass thickness and weight measurements.
Competitive Strengths:
As of September 30, 2024, the company had 207 employees responsible for their respective tasks, including directors, administrative, secretarial, marketing, and accounting staff.
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 | ||||
The market capitalization of Agarwal Toughened Glass IPO is ₹190.89 Cr.
KPI as of Mon, Sep 30, 2024.
| KPI | Values |
|---|---|
| ROE | 21.77% |
| ROCE | 19.78% |
| Debt/Equity | 1.47 |
| RoNW | 21.77% |
| PAT Margin | 20.37% |
| Price to Book Value | 6.15 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.31 | 5.14 |
| P/E (x) | 14.77 | 21.03 |
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objectives:
[Dilip Davda] The company is engaged primarily in the business of toughened glass and has added more products and varieties for glasses. Its top line has been almost static, but it posted boosted bottom lines for FY24 onwards. Based on FY25 supper annualized earnings, the issue appears fully priced. Its margins raise eyebrows and concern over its sustainability going forward. Well-informed investors may park moderate funds for medium term. Read detail review...
| Listing Date | December 5, 2024 |
| BSE Script Code | |
| NSE Symbol | AGARWALTUF |
| ISIN | INE0P8X01016 |
| Final Issue Price | ₹108 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹108.00 |
| Open | ₹135.00 |
| Low | ₹130.00 |
| High | ₹141.75 |
| Last Trade | ₹141.75 |
Agarwal Toughened Glass India Ltd.
F-2264, RIICO Industrial Area,
Ramchandrapura,
Sitapur (Ext.),
Jaipur, Rajasthan, 302022
Phone: +91 723 004 3212
Email: cs_complianceofficer@agarwaltuff.com
Website: http://www.agarwaltuff.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: atgil.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Agarwal Toughened Glass IPO is a SME IPO of 57,99,600 equity shares of the face value of ₹10 aggregating up to ₹62.64 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 1200.
The IPO opens on November 28, 2024, and closes on December 2, 2024.
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 Toughened Glass IPO using UPI as a payment gateway. Zerodha customers can apply in Agarwal Toughened Glass IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Agarwal Toughened Glass IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Agarwal Toughened Glass IPO opens on November 28, 2024 and closes on December 2, 2024.
Agarwal Toughened Glass IPO lot size is 1200, and the minimum amount required for application is ₹1,29,600.
You can apply in Agarwal Toughened Glass 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 Toughened Glass IPO will be done on Tuesday, December 3, 2024, and the allotted shares will be credited to your demat account by Wednesday, December 4, 2024. Check the Agarwal Toughened Glass IPO allotment status.
The Agarwal Toughened Glass IPO listing date is on Thursday, December 5, 2024.
Useful Articles
RHP