Agarwal Float Glass India Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,038,000 (47%) | — | ₹436 Cr |
| Retail | — | 1,038,000 (47%) | — | ₹436 Cr |
| Market Maker | — | 114,000 (5% | — | ₹5 Cr |
| Σ Total | — | 2,190,000 (100%) | — | ₹9,198 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹126,000 |
| Retail (Max) | 13 | 39,000 | ₹1,638,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,764,000 |
| B-HNI (Min) | 67 | 201,000 | ₹8,442,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30-Sep-22 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 2,369 | 4,217 | 3,188 |
| Profit After Tax | 268 | 102 | 25 |
| Net Worth | 595 | 328 | 226 |
| Total Assets | 2,177 | 1,762 | 1,812 |
| Reserves & Surplus | 393 | 126 | 24 |
| Total Borrowing | 1,168 | 1,142 | 1,175 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding the working capital requirements of the company – 6.25
- General Corporate Purposes – 0.73
Company Overview
Incorporated in 2018, Agarwal Float Glass India Limited is engaged in the business of trading of glass and specialized glass products. The company procures quality products from manufacturers and thereafter sells the same through the sales managers or directly to customers, as a wholesaler of glass and glass products.
The company is a crucial part of the Agarwal Group. The Group was set up by Uma Shankar Agarwal and Mahesh Kumar Agarwal in 1997 for trading ;in glass and glass products.
The products of Agarwal Float Glass India are delivered across the country. Their products are utilized in varied areas like office buildings, hotels, institutions, banks, insurance companies, shopping malls, diplomatic residences, and many others as per suitability. The product portfolio ranges between clear glass, different kinds of value-added glass products and processed glass products, of varying thicknesses.
Alongside trading of glass, the entity also offers processed glass including:
- Toughened glass
- Frosted glass
- Frosted design glass
- Leaguered glass, figure glass
- Heat-strengthened glass
- Insulated glass
- PVB laminated glass
- Bullet-resistant glass and all building glasses
Agarwal Float Glass India Limited is highly dependent on suppliers and distributors. These suppliers include Saint-Gobain India Private Limited, Sisecam Flat Glass India Private Limited, Gold Plus Glass Industry Limited, Asahi India Glass Limited, and Gujarat Guardian Limited. With the help of strong associations, the company is able to deliver high quality products and satisfy the requirements of its customers.