Bookbuilding IPO | ₹63 Cr | Listed at NSE SME | Thu, Nov 28, 2024 - Mon, Dec 2, 2024
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,29,600 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Nov 28, 2024
IPO Close
Mon, Dec 2, 2024
Issue Price
₹108 per share
Market Cap (Pre-IPO)
₹190.89 Cr
| IPO Date | 28 Nov to 2 Dec, 2024 |
| Listed on | Thu, Dec 5, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹105 to ₹108 |
| Issue Price | ₹108 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 57,99,600 shares (agg. up to ₹63 Cr) |
| Reserved for Market Maker | 2,97,600 shares Nikunj Stock Brokers Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 55,02,000 shares (agg. up to ₹59 Cr) |
| Net Offered to Public | 55,02,000 shares (agg. up to ₹59 Cr) |
| Share Holding Pre Issue | 1,18,75,000 shares |
| Share Holding Post Issue | 1,76,74,600 shares |
| NSE Symbol | AGARWALTUF |
| ISIN | INE0P8X01016 |
Agarwal Toughened Glass IPO comprises a total issue size of 57,99,600 shares. The net offer to the public is 55,02,000 shares, after excluding 2,97,600 shares allotted on a firm basis. Of the Net offer 27,50,400 (49.99%) are allocated to QIB, 8,25,600 (15.01%) allocated to NII 19,26,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 27,50,400 | 49.99% | 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 | 15.01% | 14.24% |
| Retail Shares Offered | 19,26,000 | 35.01% | 33.21% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,97,600 | 5.13% | |
| Total Shares Offered | 57,99,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
Agarwal Toughened Glass IPO raises ₹17.82 crore from anchor investors. Agarwal Toughened Glass IPO Anchor bid date is November 27, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Nov 27, 2024 |
| Shares Offered | 16,50,000 |
| Anchor Portion (₹ Cr.) | 17.82 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jan 1, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Mar 2, 2025 |
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.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 57.08 | 51.55 | 40.62 | 36.20 |
| Total Income | 23.50 | 40.50 | 40.60 | 34.72 |
| Profit After Tax | 4.54 | 8.69 | 0.97 | 0.50 |
| NET Worth | 20.85 | 16.31 | 7.62 | 6.65 |
| Reserves and Surplus | 8.97 | 4.43 | 2.87 | 1.90 |
| Total Borrowing | 30.55 | 29.25 | 28.77 | 26.42 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of machinery at our existing manufacturing unit; | 9.67 |
| 2 | Repayment of certain Borrowings; | 6.00 |
| 3 | To meet incremental working capital requirements; and | 25.00 |
| 4 | General Corporate Expenses. | 14.97 |
| KPI | Sep 30, 2024 |
|---|---|
| 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 (₹) | 7.31 | 5.14 |
| P/E (x) | 14.77 | 21.03 |
| Promoter Holding | 95.16% | 63.94% |
| Market Cap | ₹190.89 Cr. |
The Agarwal Toughened Glass India IPO is subscribed 9.89 times on December 2, 2024 6:19:59 PM (Day 3). The public issue subscribed 10.71 times in the retail category, 4.49 times in the QIB category, and 15.17 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 4.49 | 11,00,400 | 49,41,600 | 11 |
| NII* | 15.17 | 8,25,600 | 1,25,25,600 | 1,197 |
| Retail | 10.71 | 19,26,000 | 2,06,24,400 | 17,187 |
| Total | 9.89 | 38,52,000 | 3,80,91,600 | 18,395 |
Total Application : 18,395
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager and Underwriting fees | 3.50 |
| 2 | Registrar to the Issue | 0.02 |
| 3 | Market Maker, Auditor and Legal advisor to the Issue | 0.15 |
| 4 | Marketing and Selling Commission and expenses | 2.75 |
| 5 | Advertising and marketing expenses | 0.46 |
| 6 | Printing and distribution of issue stationery | 0.02 |
| 7 | Regulatory fees | 0.05 |
| 8 | Miscellaneous | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹108.00 |
| Open | ₹135.00 |
| Low | ₹130.00 |
| High | ₹141.75 |
| Last Trade | ₹141.75 |
Lead Manager Reports
Agarwal Toughened Glass IPO is a SME IPO of 57,99,600 equity shares of the face value of ₹10 aggregating up to ₹63 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Nov 28, 2024, and closes on Mon, Dec 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 Thu, Nov 28, 2024 and closes on Mon, Dec 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 Wed, Dec 4, 2024. Check the Agarwal Toughened Glass IPO allotment status.
The Agarwal Toughened Glass IPO listing date is on Thu, Dec 5, 2024.
