Agarwal Toughened Glass India Limited
Bookbuilding IPO · NSE
- Price band
- ₹105 - ₹108
- Lot size
- 1,200 shares
- Issue amount
- ₹62.64 cr
- Total subscription
- 9.97×
- Opens
- 28 Nov 2024
- Closes
- 2 Dec 2024
- Allotment
- 3 Dec 2024
- Listing
- 5 Dec 2024
Offer at a glance
Issue overview
- Issue size
- 57,99,600 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,26,000
- Fresh issue
- ₹62.64 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,29,600
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,18,75,000
- Shares after issue
- 1,76,74,600
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 1,200 | ₹1,29,600 |
| HNI | 2 | 2,400 | ₹2,59,200 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 11 |
| NIB | — | 1,198 |
| RETAIL | — | 17,187 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 20.8 | 222.74 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Sep24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 3.82 | 7.31 | 0.82 |
| ROE | 21.77 | 72.59 | 13.59 |
| ROCE | 19.78 | 31.34 | 9.73 |
| RONW | 21.77 | 53.26 | 12.72 |
| Pre IPO | 14.77 | 0 | 0 |
| Post IPO | 21.03 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Agarwal Toughened Glass India Limited, incorporated in 2009, is engaged in the manufacturing and processing of toughened glass, offering a wide range of products such as laminated, frosted, tinted, reflective, clear, and double-glazed glass for multiple applications. Its glass products are used across several industries and end-uses including shower doors, refrigerator trays, mobile screen protectors, bulletproof glass, diving masks, cookware, furniture, and architectural components in residential and commercial buildings, airports, hospitals, malls, and other infrastructure spaces. As of September 30, 2024, the company employed 207 personnel across various departments to support its operational activities.
Strengths
- Strong Brand Presence: Established and trusted brand in the Indian toughened glass market since 2009, known for quality and durability.
- Experience and Expertise: Demonstrated manufacturing excellence across multiple glass types and applications, supported by years of industry expertise.
- Customer Loyalty: Long-standing and repeat clientele, reflecting high customer satisfaction driven by consistent quality and reliable service.
Risk factors
- Revenue Concentration: Heavy dependence on a few key customers for a major share of revenue makes the business vulnerable if any customer reduces or discontinues purchases.
- Lack of Long-Term Contracts: Operating primarily on purchase orders rather than long-term agreements increases uncertainty and exposes the company to fluctuating demand.
- Client Retention Challenges: Difficulty in attracting new clients, retaining current ones, or managing delayed payments and defaults could adversely affect growth, cash flow, and overall business stability.
Promoters
Anita Agarwal
Mahesh Kumar Agarwal
Uma Shankar Agarwal
Sharda Agarwal
Registrar & documents
Lead manager
Cumulative Capital Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
F-2264, RIICO Industrial Area, Ramchandrapura, Sitapur (Ext.), Jaipur – 302 022
+91 723 004 3212
[email protected]Company website ↗Understanding AGARWALTUF IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.