The Agarwal Toughened Glass India IPO, valued at Rs 62.64 crores, is being structured as a book-built issue, consisting solely of a fresh issuance of 58 lakh shares.
The subscription window for the IPO has been scheduled from November 28, 2024, to December 2, 2024. The allotment process is anticipated to conclude by Tuesday, December 3, 2024. Subsequently, the IPO is set to debut on the NSE SME platform, with the tentative listing date being Thursday, December 5, 2024.
A price band ranging from ₹105 to ₹108 per share has been determined for the IPO. Applications require a minimum lot size of 1,200 shares, with retail investors needing a minimum investment of ₹129,600. High Net Worth Individuals (HNIs) are expected to invest in at least two lots (2,400 shares), amounting to ₹259,200.
| IPO Date | November 28, 2024 to December 2, 2024 |
| Listing Date | December 5, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 105 to ₹ 108 / Share |
| Lot Size | 1200 Shares |
| Total Issue Size | ₹62.64 Cr |
| Fresh Issue | ₹62.64 Cr |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,875,000 |
| Share holding post issue | 17,674,600 |
| Market Maker portion | 297,600 shares |
Agarwal Toughened Glass India Limited IPO opens on November 28, 2024, and closes on December 2, 2024.
| IPO Open Date | November 28, 2024 |
| IPO Close Date | December 2, 2024 |
| Basis of Allotment | December 3, 2024 |
| Initiation of Refunds | December 4, 2024 |
| Credit of Shares to Demat | December 4, 2024 |
| Listing Date | December 5, 2024 |
| Cut-off time for UPI mandate confirmation | December 2, 2024 |
Bids for the IPO can be placed starting with a minimum of 1,200 shares, with additional bids made in multiples of this lot size. The table below illustrates the minimum and maximum investment requirements for retail investors and HNIs, expressed in terms of shares and corresponding amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | Rs.129,600 |
| Retail (Max) | 1 | 1,200 | Rs.129,600 |
| S-HNI (Min) | 2 | 2,400 | Rs.259,200 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 95.16% |
| Share Holding Post Issue | 63.94% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
|
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35.00% of the Offer |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | 2024-11-27 |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | 17.82 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 2, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 3, 2025 |
Agarwal Toughened Glass India Limited, established in 2009, specializes in manufacturing toughened glass and processes a wide range of glass types.
The company produces toughened glass variants such as laminated, frosted, tinted, reflective, clear, and double-glazed options. These are utilized in diverse applications, including shower doors, refrigerator trays, mobile screen protectors, bulletproof glass, diving masks, plates, cookware, architectural glass doors, and tables. Tempered glass is also extensively used in partitions for residential and commercial spaces, hospitals, airports, malls, stairwells, balustrades, and other architectural designs.
Competitive Strengths:
| KPI | Values |
|---|---|
| ROE | 21.77% |
| ROCE | 19.78% |
| Debt/Equity | 1.47 |
| RoNW | 21.77% |
| P/BV | 6.15 |
| PAT Margin (%) | 20.37 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.31 | 5.14 |
| P/E (x) | 14.77 | 21.03 |
Agarwal Toughened Glass India Limited F-2264, RIICO Industrial Area, Ramchandrapura, Sitapur (Ext.), Jaipur – 302 022 Phone: +91 723 004 3212 Email: cs_complianceofficer@agarwaltuff.com Website: http://www.agarwaltuff.com/ |
Phone: 04067162222, 04079611000 Email: atgil.ipo@kfintech.com |
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