Agarwal Toughened Glass India Limited IPO will be open for subscription from 28 November 2024 and run until 2 December 2024. This is a book-built SME IPO looking to raise around ₹ 62.64 crore. Agarwal Toughened Glass is issuing 58 lakh fresh equity shares to cover this issue.
The allotment for the Agarwal Toughened Glass India Ltd. IPO is expected to be decided on Tuesday, 3 December 2024. Agarwal Toughened Glass India shares will be listed on NSE SME on Thursday, 5 December 2024 as decided yet.
The price band set for the IPO is between ₹ 105 and ₹ 108 per share. The minimum ipo lot size of 1200 shares, which means the minimum investment, has to be ₹129600. However, this is for retail investors only, for HNIs, they need to buy at least two lots at a time, which will amount to ₹ 259200.
Here Are the Quick Steps to Apply for the Agarwal Toughened Glass India SME IPO!
Agarwal Toughened Glass India NSE SME IPO Details
| Detail | Information |
| IPO Opening Date | November 28, 2024 |
| IPO Closing Date | December 2, 2024 |
| Tentative IPO Listing Date | December 5, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹105 to ₹108 per share |
| Lot Size | 1200 shares |
| Total Issue Size | 5799600 shares (₹62.64 Cr) |
| Fresh Issue | 5799600 shares (₹62.64 Cr) |
| IPO Segment | Book Built Issue |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 11875000 shares |
| Shareholding Post-issue | 17674600 shares |
Agarwal Toughened Glass India Limited | Company Overview
Agarwal Toughened Glass India Limited was started in October 2009 to manufacture different types of glasses used mainly in –
- Shower doors
- Mobile screen protectors
- Refrigerator trays
- Bulletproof glass for driving masks
- Cookware and plates
This is an ISO 9001:2015 certified company that mainly caters to different industries which include –
- Office buildings
- Banks
- Hotels
- Shopping centers
- Diplomat homes
- Others
The product range of the company is as follows –
- Annealed Glass
- Insulated Glass
- Laminate Safety Glass
- Toughened Glass
- Heat Soaked Glass
Agarwal Toughened Glass India Limited IPO | Key Details
- Agarwal Toughened Glass India IPO Opening Date: November 28, 2024,
- Agarwal Toughened Glass India IPO Closing Date: December 2, 2024,
- Allotment Date: December 3, 2024
- Price Band: ₹105 to ₹ 108 per share
- Lot Size: 1200 shares
- Refunds Initiated: December 4, 2024
- Shares Credited to Demat: December 4, 2024
- Listing Date: December 5, 2024
Agarwal Toughened Glass India Ltd: Financial Overview
Agarwal Toughened Glass India Ltd. witnessed a whopping 795.66% rise in its profit after tax in the FY24 even though its revenue dropped marginally by 0.25%. This rise in profits also came with just a 1.66% increase in total borrowing. The firm is also able to increase its reserves and surplus during FY24 by 54.31%.
Here are the details of the financials of the firm –
All figures in ₹ Lakhs
| Financial Information | 31 Mar 2024 | 31 Mar 2023 | Change (31 Mar’23 – 31 Mar’24) | Change (%) |
| Assets | 5,154.85 | 4,062.32 | 1,092.53 | 26.89 |
| Revenue | 4,050.26 | 4,060.32 | -10.06 | -0.25 |
| Profit After Tax | 868.52 | 96.97 | 771.55 | 795.66 |
| Net Worth | 1,630.80 | 762.28 | 868.52 | 113.94 |
| Reserves and Surplus | 443.3 | 287.28 | 156.02 | 54.31 |
| Total Borrowing | 2,924.51 | 2,876.68 | 47.83 | 1.66 |
FAQs | Agarwal Toughened Glass India Ltd IPO
Agarwal Toughened Glass India Ltd is engaged in the manufacturing and supply of different types of glasses such as tempered glasses, toughened glasses, heat-soaked glasses, and more.
The tentative IPO listing date of Agarwal Toughened Glass India has been fixed as Thursday, December 5, 2024.
The bidding date for the Agarwal Toughened Glass India IPO is November 28, 2024, and it will continue until December 2, 2024.
The minimum IPO lot size for Agarwal Toughened Glass India is 1200 shares. For HNIs, it is 2 lots as the minimum investment requirement.
The IPO allotment is expected to be finalized on Tuesday, December 3, 2024.
The IPO face value is set at ₹10 per share.
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