Agarwal Float Glass India IPO will open for subscription from 10 February 2023. the company aims for an issue size of ₹9.20 Cr through this IPO.
About Company
Agarwal Float Glass is engaged in the business of trading glass and specialized glass products by procuring quality products from manufacturers and selling them either through its sales managers or directly to its customer, as a wholesaler of glass and glass products.
Its customers are spread across the country and work across varied industry segments such as office buildings, hotels, institutions, banks, insurance companies, shopping malls, diplomatic residences, etc. The company’s products cater to a range of end-use industries including construction, automotive, and industrial sectors, with a variety of applications such as exterior and interior spaces of residential and commercial buildings.
Agarwal Gloat Glass also trades a range of value-added glass products including clear frosted glass, clear sheet glass, mirror, tinted glass, and reflective glass which has a wide range of applications. It also offers processed glass, which includes, toughened glass, frosted glass, frosted design glass, leaguered glass, figure glass, heat-strengthened glass, insulated glass, PVB laminated glass, and bullet-resistant glass, and all building glasses among others.
Basic details about the company
| Full name | Agarwal Float Glass India Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | http://www.agarwalfloat.com/ |
The objective of the Issue
- Funding the working capital requirements of the company
- General Corporate Purposes
Major Competitive strengths
- Well Experienced management and employee force.
- Diversified product portfolio.
- Pan india business relationships.
IPO Timetable
| IPO Opening date | 10 February 2023 |
| IPO Closing | 15 February 2023 |
| Basis of Allotment | 20 February 2023 |
| Initiation Refund | 21 February 2023 |
| Credit to Demat Account | 22 February 2023 |
| Listing Date | 23 February 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹9.20 Cr – 2,190,000 shares |
| Fresh Issue | ₹9.20 Cr – 2,190,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer price | ₹42 per share |
| Lot size | 3000 Shares |
| Retail Allocation | 50% of the Net Issue |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
| HNI (Min) | 2 | 6,000 | ₹252,000 |
Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 32.09 | 31.63 | 42.10 | 23.56 |
| Expenses | 31.84 | 31.54 | 40.76 | 19.98 |
| Net income | 0.09 | 0.25 | 1.02 | 2.68 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.44 | 1.22 | 5.03 |
| PE ratio | – | – | 8.35 |
| RONW (%) | 4.40 | 10.94 | 31.00 |
| NAV | – | 11.18 | 16.20 |
| ROCE (%) | 12.82 | 10.85 | 16.26 |
| EBITDA (%) | 5.67 | 4.81 | 5.28 |
| Debt/Equity | 5.57 | 5.20 | 3.48 |
Company Promoters
- Uma Shankar Agarwal
- Mahesh Kumar Agarwal
Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 69.77% |
Lead Manager(s)
- GYR Capital Advisors Limited
IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Telephone: +91 40 6716 2222
Email: afgil.ipo@kfintech.com
Website: www.kfintech.com
Contact Details
AGARWAL FLOAT GLASS INDIA LIMITED
H-1/790, Sitapura Industrial Area Ext.,
Near Fire Bridge Office, Jaipur – 302 022, Rajasthan
Phone: +91 723 004 3211
E-mail: compliance@agarwafloat.com
Website: www.agarwafloat.com
Allotment Status
Agarwal Float Glass IPO allotment status will be available on KFin Tech website. Click on this link to get allotment status.
Final thoughts
Agarwal Float Glass India IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
