Agarwal Toughened Glass India IPO Allotment Today: Check Status Online
Agarwal Toughened Glass India specializes in manufacturing toughened glass and value-added glass products such as laminated, frosted, tinted, and double-glazed glass. It caters to industries like construction, automotive, and architecture. Certified with ISO 9001:2015 and meeting BIS standards, the company serves diverse applications, including residential and commercial interiors, exteriors, and safety-critical uses within India.
The share allotment is expected to be finalized Today, December 3, 2024, and will be listed on the NSE SME platform on December 5, 2024. Investors who applied for the IPO can check their allotment status on the websites of NSE or KFin Technologies Limited.
How To Check Agarwal Toughened Glass IPO Allotment Status On NSE
Step 1: Visit the allotment status check page of the NSE.
Step 2: Log in with your username and password. (First-time users need to sign up on NSE to view IPO allotment status.)
Step 3: Select "Agarwal Toughened Glass India Limited" from the dropdown menu.
Step 4: Verify your PAN details.
Step 5: Enter the IPO application number. Step 6: Click "Submit" to check the details.
How To Check Agarwal Toughened Glass IPO Allotment Status On KFin Technologies
Step 1: Visit the official website of KFin Technologies.
Step 2: Choose any of the available links.
Step 3: Select "Agarwal Toughened Glass India Limited" from the list of companies.
Step 4: Enter your Application Number, Demat account number, or PAN.
Step 5: Enter the Captcha.
Step 6: Click "Submit" to view the allotment status.
Agarwal Toughened Glass India IPO Day 3 Subscription Status
(December 2, 2024, End of Day)
On the third day of bidding, the Agarwal Toughened Glass India IPO achieved a subscription level of 9.89 times the total shares on offer.
- The Non-Institutional Investors (NIIs) segment subscribed to 15.17 times their allotted quota.
- The Retail Investors segment oversubscribed their allocation by 10.71 times.
- Meanwhile, the Qualified Institutional Buyers (QIBs) segment saw limited participation, with a subscription rate of 4.49 times their reserved shares.
IPO Details
The IPO opened on 28 November 2024 and closed on 2 December 2024, with the listing scheduled for 5 December 2024 on the NSE SME platform. The issue size amounts to ₹62.64 crores, with shares offered at a face value of ₹10 and a price band ranging from ₹105 to ₹108 per share. The objectives of the IPO include the purchase of machinery, repayment of borrowings, funding for working capital requirements, and meeting general corporate purposes.
Company Overview
Established on June 27, 2010, with land leased from RIICO and necessary government clearances, the company specializes in manufacturing toughened glass by converting float glass into value-added products such as laminated, frosted, tinted, reflective, clear, and double-glazed glass. These products are designed for applications that demand durability and safety, including architectural features, shower enclosures, mobile screen protectors, and bullet-resistant glass. Catering to industries like construction, automotive, and manufacturing, the company’s toughened glass is extensively utilized in residential and commercial properties, hospitals, airports, and shopping malls. Operating solely within India, it serves sectors such as office spaces, hospitality, educational institutions, and retail establishments.
Financials
- Reported revenue of Rs 38.33 crore in FY24, a -4.06% year-on-year drop from Rs 39.95 crore in the previous fiscal year.
- The company’s profit after tax increased by 795.89% to Rs 8.69 crore in FY24 from Rs 0.97 crore in FY23.
Key Ratios
|
Years |
FY22 |
FY23 |
FY24 |
|
ROE |
7.93% |
13.59% |
72.59% |
|
ROCE |
8.14% |
9.73% |
31.34% |
|
D/E |
4.07 |
3.95 |
1.81 |
|
EBITDA Margin |
10.77% |
11.89% |
35.77% |
|
PAT Margin |
1.50% |
2.43% |
22.66% |
Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.