Agarwal Toughened Glass India Ltd IPO

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.

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Agarwal Toughened Glass India Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 58 LTBA₹ 19.26 L₹ 113.01 LNSE₹ 62.64 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
28 Nov, 2402 Dec, 241200 ₹ 1,26,000 Book Building - SME05 Dec, 24

Agarwal Toughened Glass India Ltd IPO Dates

  • 28 Nov 2024

    Opening date

  • 02 Dec 2024

    Closing date

  • 03 Dec 2024

    Basis of
    Allotment

  • 04 Dec 2024

    Initiation of
    Refunds

  • 04 Dec 2024

    Credit of
    Shares

  • 05 Dec 2024

    Listing date

Details

SectorType
SectorGlass & Glass Products
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB1.8x27504004941600
NII15.53x82560012825600
Retail10.71x192600020624400
Employee0x00
Total6.62x579960038391600

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)FY23FY22FY21
Revenue from operations13.163.082.70
EBITDA14.724.824.73
PAT8.690.970.50
Total Assets28.7321.4518.43
Share Capital11.884.754.75
Total Borrowings30.5729.4226.47
Operating Activities (Net Cash)10.252.712.53
Investing Activities (Net Cash)-6.74-1.800.00
Financing Activities (Net Cash)30.5729.4226.47
Net Cashflow0.320.660.10

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.

Get your FAQs right

Agarwal Toughened Glass India Ltd's IPO offers shares for up to ₹ 0 L It begins on Nov 28, 2024 and ends on Dec 2, 2024.

The price of Agarwal Toughened Glass India Ltd IPO ranges between ₹105 to ₹108 per share.

The Agarwal Toughened Glass India Ltd IPO opens on Nov 28, 2024 and closes on Dec 2, 2024.

The allotment for the Agarwal Toughened Glass India Ltd IPO will be finalised on Dec 3, 2024. The shares will be listed on BSE and NSE on Dec 5, 2024.

The minimum lot size for Agarwal Toughened Glass India Ltd IPO is 1200 shares, priced between ₹105 to ₹108 per share.

The GMP (Grey Market Premium) of Agarwal Toughened Glass India Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Agarwal Toughened Glass India Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Agarwal Toughened Glass India Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Nov 28, 2024, and closes on Dec 2, 2024. The allotment is finalised on Dec 3, 2024.

To apply for the Agarwal Toughened Glass India Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.