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Agarwal Float Glass India IPO GMP, Price, Dates & Allotment Details 2023

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:

  1. Funding the working capital requirements of the company
  2. General Corporate Purposes

Financial Highlights (Consolidated)

ParticularsPeriod ended on 30th Sep. 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth595.43327.68226.02201.30
Total Assets2177.311761.791811.871767.31
Total Borrowing1167.911141.781175.301120.38
Total Revenue2369.044216.913188.133227.43
Profit After Tax267.75101.6824.738.83
(Amount in ₹ Lakhs)

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 TypeFixed Price Issue IPO
IPO Price₹ 42 per share
Face Value₹ 10 per share
Market Lot3,000 shares
Issue Size2,190,000 shares of ₹ 10  (Aggregating up to ₹ 9.20 Crore)
Fresh Issue2,190,000 shares of ₹ 10  (Aggregating up to ₹ 9.20 Crore)
NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Listing AtNSE SME
Promoters1. 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 DateFebruary 10, 2023
Closing DateFebruary 15, 2023
Basis of AllotmentFebruary 20, 2023
Initiation of RefundsFebruary 21, 2023
Credit of shares to Demat A/cFebruary 22, 2023
Listing DateFebruary 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)13,000₹ 126,000
Retail (Maximum)13,000₹ 126,000
HNI (Minimum)26,000₹ 252,000

Promoters Holdings – Agarwal Float Glass India IPO

Pre-issue Shares Holdings99.99%
Post-issue Shares Holdings

SWOT Analysis – Agarwal Float Glass India IPO

STRENGTHSWEAKNESSES
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.
OPPORTUNITIESTHREATS
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 InformationAgarwal 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 RegistrarKFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://karisma.kfintech.com/
IPO Lead Manager(s)GYR Capital Advisors Limited 

FAQ’s

The Agarwal Float Glass India IPO price is ₹ 42  per share

One lot of Agarwal Float Glass India IPO contains 3,000 shares of ₹ 126,000.

The minimum investment size is one lot for retail investors.

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.

The Agarwal Float Glass India IPO shares listing date is February 23, 2023.

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