Agarwal Toughened Glass India Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,750,400 (47%) | — | ₹2,970 Cr |
| NII (HNI) | — | 825,600 (14%) | — | ₹892 Cr |
| Retail | — | 1,926,000 (33%) | — | ₹2,080 Cr |
| Market Maker | — | 297,600 (5%) | — | ₹32 Cr |
| Σ Total | — | 5,799,600 (100%) | — | ₹62,636 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 | 1,200 | ₹129,600 |
| Retail (Max) | 13 | 15,600 | ₹1,684,800 |
| S-HNI (Min) | 14 | 16,800 | ₹1,814,400 |
| B-HNI (Min) | 67 | 80,400 | ₹8,683,200 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 2,350 | 4,050 | 4,060 |
| Profit After Tax | 454 | 869 | 97 |
| Net Worth | 2,085 | 1,631 | 762 |
| Total Assets | 5,708 | 5,155 | 4,062 |
| Reserves & Surplus | 897 | 443 | 287 |
| Total Borrowing | 3,055 | 2,925 | 2,877 |
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
- Purchase machinery at the existing manufacturing unit; –
- Repayment of certain Borrowings; –
- To meet incremental working capital requirements; and –
- General Corporate Expense –
Company Overview
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
- Annealed Glass
- Toughened Glasses
- Insulated Glasses
- Laminate Safety Glass
- Heat Soaked Glass
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:
- Strong Brand presence in the Indian market
- The company's management team is a combination of experience and expertise
- Long-standing relationships with its customers
- Consistent focus on quality
- Strong Risk Management
As of September 30, 2024, the company had 207 employees responsible for their respective tasks, including directors, administrative, secretarial, marketing, and accounting staff.