Agarwal Float Glass India IPO

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 nameAgarwal Float Glass India Limited
Company Website

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 date10 February 2023
IPO Closing15 February 2023
Basis of Allotment20 February 2023
Initiation Refund21 February 2023
Credit to Demat Account22 February 2023
Listing Date23 February 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹9.20 Cr – 2,190,000 shares
Fresh Issue₹9.20 Cr – 2,190,000 shares
Offer for saleNil
Face value₹10 per share
Offer price₹42 per share
Lot size3000 Shares
Retail Allocation50% of the Net Issue
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)13000₹126,000
Retail (Max)13000₹126,000
HNI (Min)26,000₹252,000

Reservation Details

NII (HNI) Shares Offered50%
Retail Shares Offered50%

Financial Performance

 FY 2020FY 2021FY 2022H1 FY 2023
Net income0.
(Amount in ₹ Crores)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio8.35
RONW (%)4.4010.9431.00
ROCE (%)12.8210.8516.26
EBITDA (%)5.674.815.28

Company Promoters

  • Uma Shankar Agarwal
  • Mahesh Kumar Agarwal

Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding69.77%

Lead Manager(s)

  • GYR Capital Advisors Limited

IPO Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Telephone: +91 40 6716 2222

Contact Details

H-1/790, Sitapura Industrial Area Ext.,
Near Fire Bridge Office, Jaipur – 302 022, Rajasthan
Phone: +91 723 004 3211

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

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