Agarwal Toughened Glass India Ltd IPO
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Agarwal Toughened Glass India Ltd IPO Details
Details
Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
---|---|---|---|---|---|
₹ 58 L | TBA | ₹ 19.26 L | ₹ 113.01 L | NSE | ₹ 62.64 Cr |
IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
28 Nov, 24 | 02 Dec, 24 | 1200 | ₹ 1,26,000 | Book Building - SME | 05 Dec, 24 |
Agarwal Toughened Glass India Ltd IPO Dates
Details
Sector | Type |
---|---|
Sector | Glass & Glass Products |
Sub Sector | NA |
Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
---|---|---|---|
QIB | 1.8x | 2750400 | 4941600 |
NII | 15.53x | 825600 | 12825600 |
Retail | 10.71x | 1926000 | 20624400 |
Employee | 0x | 0 | 0 |
Total | 6.62x | 5799600 | 38391600 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Agarwal Toughened Glass India Ltd Financial Status
Income Statement
Balance Sheet
Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
---|---|---|---|
Revenue from operations | 13.16 | 3.08 | 2.70 |
EBITDA | 14.72 | 4.82 | 4.73 |
PAT | 8.69 | 0.97 | 0.50 |
Total Assets | 28.73 | 21.45 | 18.43 |
Share Capital | 11.88 | 4.75 | 4.75 |
Total Borrowings | 30.57 | 29.42 | 26.47 |
Operating Activities (Net Cash) | 10.25 | 2.71 | 2.53 |
Investing Activities (Net Cash) | -6.74 | -1.80 | 0.00 |
Financing Activities (Net Cash) | 30.57 | 29.42 | 26.47 |
Net Cashflow | 0.32 | 0.66 | 0.10 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Agarwal Toughened Glass India Ltd
Our Company was incorporated on October 30, 2009 as `Agarwal Toughened Glass India Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated October 30, 2009 issued by the Registrar of Companies, Rajasthan. Further, our Company was converted into a public limited company pursuant to a resolution passed by our Board of Directors in its meeting held on January 2, 2023, and by the Shareholders in an Extraordinary General Meeting held on January 30, 2023 and consequently the name of our Company was changed to `Agarwal Toughened Glass India Limited' and a fresh certificate of incorporation dated March 6, 2023 was issued by the Registrar of Companies, Rajasthan at Jaipur.
Due to the COVID-19 pandemic, the global Float Glass market size is estimated to be worth US$ 24180 million in 2022 and is forecast to a readjusted size of US$ 32780 million by 2028 with a CAGR of 5.2% during the review period. Fully considering the economic change by this health crisis. Float glass is produced in wide-ranging dimensions, and is available in sizes of 4 mm to 25 mm thickness. Apart from aesthetic utility, it serves functional utility such as privacy, energy conservation, safety, protection against fire, and noise insulation. Float glass is largely being used as a material in building and construction industry. It directly or indirectly competes with other building materials such as paints, plywood and laminates and ceramic tiles. Float glass is expected to be amongst the fastest growing building materials in India.
We are a company that produces toughened glass by processing several types of glass. We provide a range of thickness and size options for our hardened value-added glasses. Processing the float glass yields the toughened value addition glasses. Following the manufacturing of toughened glass, various types of glasses are produced, including laminated, frosted, tinted, reflecting, clear, and double-glazed toughened glass. Toughened glass is used in many demanding applications because of its strength and safety, such as shower doors, refrigerator trays, mobile screen protectors, bulletproof glass for diving masks, and a variety of plates and cookware. It is also used in architectural glass doors and tables. Toughened glass is also frequently utilized as dividers in buildings housing residential and commercial apartments, hospitals, airports, shopping centers, stairwells, balustrades, and other architectural elements.
Peer Comparison:
- Sejal Glass Ltd
- Borosil Ltd
Agarwal Toughened Glass India Ltd IPO Key Points
Strengths
- Continue to invest in infrastructure.
- Expand our current business relationships.
- Focus on consistently meeting quality standards.
- Improving operational efficiencies.
- Strong brand presence in Indian Market.
Risk
- The company depends on a few customers of its products, for a significant portion of the company's revenue, and any decrease in revenues or sales from any one of its key customers may adversely affect the company's business and results of operations.
- The company generally do business with its customers on purchase order basis and does not enter into long term contracts with them. Its inability to maintain relationships with the company customers could have an adverse effect on its business, prospects, results of operations and financial condition.
- If the company is unable to attract new clients or retain its existing clients or default in payments, the growth of its business and cash flows will be adversely affected.
Strategy
- Continue to invest in infrastructure.
- Expand our current business relationships.
- Focus on consistently meeting quality standards.
- Improving operational efficiencies.
- Continue to invest in infrastructure.
- Expand our current business relationships.
- Focus on consistently meeting quality standards.
- Improving operational efficiencies.
- Strong brand presence in Indian Market.
How To Apply for Agarwal Toughened Glass India Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.