Agarwal Float Glass India IPO GMP, Price, Dates & Allotment Details 2023
Agarwal Float Glass India IPO will open on February 10 and close on February 15, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 9.20 crore through this public offering, consisting of 2,190,000 shares of face value of ₹ 10 each. Which will be issued at a price of ₹ 42 per share.
The company was incorporated in 2018 and is a significant part of the Agarwal Group. Uma Shankar Agarwal and Mahesh Kumar Agarwal established the group in 1997 to trade in glass and glass products. Agarwal Float Glass India Limited is engaged in the trading of glass and specialty glass products by procuring quality products from manufacturers and selling them through its own channel through its sales managers or wholesalers of glass and glass products, who sell them directly to their customers.
The company’s products are used in a variety of end-use industries, including the construction, automotive, and industrial sectors, and have a wide range of applications, including the exterior and interior spaces of residential and commercial buildings. The company’s product portfolio broadly covers clear glass, a variety of value-added glass products, and processed glass products of varying thickness. The company also trades a range of value-added glass products, including clear frosted glass, clear sheet glass, mirrors, tinted glass, and reflective glass, which have a wide range of applications.
Objects of the Issue
The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:
- Funding the working capital requirements of the company
- General Corporate Purposes
Financial Highlights (Consolidated)
| Particulars | Period ended on 30th Sep. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 595.43 | 327.68 | 226.02 | 201.30 |
| Total Assets | 2177.31 | 1761.79 | 1811.87 | 1767.31 |
| Total Borrowing | 1167.91 | 1141.78 | 1175.30 | 1120.38 |
| Total Revenue | 2369.04 | 4216.91 | 3188.13 | 3227.43 |
| Profit After Tax | 267.75 | 101.68 | 24.73 | 8.83 |
Agarwal Float Glass India IPO – Details
According to the DRHP filed with SEBI, the company plans to issue 2,190,000 shares of face value of ₹ 10 each, aggregating up to ₹ 9.20 crore.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 42 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 3,000 shares |
| Issue Size | 2,190,000 shares of ₹ 10 (Aggregating up to ₹ 9.20 Crore) |
| Fresh Issue | 2,190,000 shares of ₹ 10 (Aggregating up to ₹ 9.20 Crore) |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Listing At | NSE SME |
| Promoters | 1. Uma Shankar Agarwal 2. Mahesh Kumar Agarwal |
GMP – Agarwal Float Glass India IPO
Agarwal Float Glass India IPO GMP, or Grey Market Premium, are available here. The IPO GMP Premium updated day by day for IPOs’ running periods, and the GMP rates fluctuate and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates
Agarwal Float Glass India IPO opens on February 10 and closes on February 15, 2023.
| Opening Date | February 10, 2023 |
| Closing Date | February 15, 2023 |
| Basis of Allotment | February 20, 2023 |
| Initiation of Refunds | February 21, 2023 |
| Credit of shares to Demat A/c | February 22, 2023 |
| Listing Date | February 23, 2023 |
Lot Size – Agarwal Float Glass India IPO
The lot size of the Agarwal Float Glass India IPO is 3,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 3,000 shares of ₹ 126,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 3,000 | ₹ 126,000 |
| Retail (Maximum) | 1 | 3,000 | ₹ 126,000 |
| HNI (Minimum) | 2 | 6,000 | ₹ 252,000 |
Promoters Holdings – Agarwal Float Glass India IPO
| Pre-issue Shares Holdings | 99.99% |
| Post-issue Shares Holdings | – |
SWOT Analysis – Agarwal Float Glass India IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 1. Existing client and supplier relationships. 2. Strong Balance Sheet and Financial Condition. 3. Experienced Promoters and a well-trained employee base. | 1. Highly dependent on suppliers and distributors. 2. Outstanding litigations involving the company, its promoter, and its directors. 3. Company business mainly located in Rajasthan region. |
| OPPORTUNITIES | THREATS |
| 1. Expansion of construction and automotive industries. 2. Opportunity in expansion in additional geographic regions. 3. Global concerns about energy conservation and environment. 4. Decorative glasses with digital print technology. 5. Architects and car designers continue to increase the glass content in buildings and vehicles. | 1. Competitions from other players in the market. 2. Changes in technologies. 3. Change in Government Policies. |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Agarwal Float Glass India Limited H-1/790, Sitapura Industrial Area Ext., Near Fire Bridge Office, Jaipur – 302 022 Phone: +91 723 004 3211 Email: [email protected] Website: http://www.agarwalfloat.com/ |
| IPO Registrar | KFin Technologies Limited Phone: 04067162222, 04079611000 Email: [email protected] Website: https://karisma.kfintech.com/ |
| IPO Lead Manager(s) | GYR Capital Advisors Limited |
FAQ’s
What is the Agarwal Float Glass India IPO price?
The Agarwal Float Glass India IPO price is ₹ 42 per share
What will be the Agarwal Float Glass India IPO lot size?
One lot of Agarwal Float Glass India IPO contains 3,000 shares of ₹ 126,000.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Agarwal Float Glass India IPO allotment be available?
The finalisation of the basis of allotment for the Agarwal Float Glass India IPO will be done on February 20, 2023, and the allotted shares will be credited to your demat account by February 22, 2023. Check the Agarwal Float Glass India IPO allotment status.
When will Agarwal Float Glass India IPO list on exchanges?
The Agarwal Float Glass India IPO shares listing date is February 23, 2023.
How many shares in the Agarwal Float Glass India IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) – 50%, and Retail – 50%.
Thank you for being of assistance to me. I really loved this article.