Agarwal Toughened Glass IPO Day 3 Live Updates: Key Highlights, Subscription Status, and Insights
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.
Agarwal Toughened Glass India IPO Day 3 Subscription Status
(December 2, 2024, 12:15:00 PM)
On the third day of bidding, the Agarwal Toughened Glass India IPO achieved a subscription level of 2.37 times the total shares on offer.
- The Non-Institutional Investors (NIIs) segment subscribed to 1.73 times their allotted quota.
- The Retail Investors segment oversubscribed their allocation by 3.90 times.
- Meanwhile, the Qualified Institutional Buyers (QIBs) segment saw limited participation, with a subscription rate of 0.18 times their reserved shares.
Agarwal Toughened Glass India IPO Day 2 Subscription Status
(November 29, 2024, End of Day)
On the second day of bidding, the Agarwal Toughened Glass India IPO was subscribed to 1.00 times the total number of shares available.
- The Non-Institutional Investors (NIIs) segment recorded a subscription of 0.48 times its allotted quota.
- The Retail Investors category subscribed 1.79 times its allocation.
- The Qualified Institutional Buyers (QIBs) segment saw subscriptions, with 0.01 times its share taken up.
Agarwal Toughened Glass India IPO Day 1 Subscription Status
The Agarwal Toughened Glass India IPO achieved a subscription at 0.39 times the shares offered.
- Retail investors: 0.73 times.
- Non-institutional investors: 0.12 times.
- Qualified institutional buyers: 0.01 times.
Agarwal Toughened Glass India IPO Details
- IPO Open Date: 28 November 2024
- IPO Close Date: 2 December 2024
- IPO Listing Date: 5 December 2024
- Issue Size: ₹62.64 Crores
- Face Value: ₹10 Per Share
- Price Band: ₹105 to ₹108 Per Share
- Market Lot: 1200 shares
- Listing Platform: NSE SME
- Lead Manager: Cumulative Capital Private
- Registrar: KFin Technologies
- Basis of Allotment: 3 December 2024
- Refunds: 4 December 2024
- Credit to Demat Account: 4 December 2024
Investor Category Shares Offered
|
Investor Category |
(%) |
|
Anchor Investor |
28.45 |
|
Market Maker |
5.13 |
|
QIB |
8.97 |
|
NII (HNI) |
14.24 |
|
Retail |
33.21 |
Utilization of IPO Proceeds
The objectives of the IPO include the purchase of machinery, repayment of borrowings, funding for working capital requirements, and meeting general corporate purposes.
Agarwal Toughened Glass India Overview
The company, founded on June 27, 2010, with land leased from RIICO and necessary government approvals, specializes in producing toughened glass by transforming float glass into value-added products like laminated, frosted, tinted, reflective, clear, and double-glazed glass. These products cater to applications requiring strength and safety, such as architectural elements, shower doors, mobile screen protectors, and bulletproof glass. Serving industries like construction, automotive, and manufacturing, the company's toughened glass is widely used in residential and commercial buildings, hospitals, airports, and shopping malls. Operating exclusively in India, it supplies its products to sectors including office spaces, hotels, educational institutions, and retail complexes.
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.