Agarwal Float Glass India IPO vs ITCONS E-Solutions IPO

Comparision between Agarwal Float Glass India IPO and ITCONS E-Solutions IPO.

IPO Details

Agarwal Float Glass India IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while ITCONS E-Solutions IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Agarwal Float Glass India IPO	ITCONS E-Solutions IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	GYR Capital Advisors Private Limited	Finshore Management Services Limited
Registrar	Kfin Technologies Limited	Cameo Corporate Services Limited
Market Maker	Smc Global Securities Ltd.	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Agarwal Float Glass India IPO is up to ₹9.20 Cr whereas the issue size of the ITCONS E-Solutions IPO is up to ₹8.67 Cr. The final issue price of Agarwal Float Glass India IPO is ₹42.00 per share and of ITCONS E-Solutions IPO is ₹51.00 per share.

	Agarwal Float Glass India IPO	ITCONS E-Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹42.00 per share	₹51.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	21,90,000 shares	17,00,000 shares
Fresh Issue Size (Amount)	up to ₹9.20 Cr	up to ₹8.67 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	21,90,000 shares	17,00,000 shares
Issue Size Total (Amount)	up to ₹9.20 Cr	up to ₹8.67 Cr

IPO Timetable

Agarwal Float Glass India IPO opens on Feb 10, 2023, while ITCONS E-Solutions IPO opens on Feb 28, 2023. The closing date of Agarwal Float Glass India IPO and ITCONS E-Solutions IPO is Feb 15, 2023, and Mar 02, 2023, respectively.

	Agarwal Float Glass India IPO	ITCONS E-Solutions IPO
Anchor Bid Date
Issue Open	Feb 10, 2023	Feb 28, 2023
Issue Close	Feb 15, 2023	Mar 02, 2023
Basis Of Allotment (Tentative)	Feb 20, 2023	Mar 08, 2023
Initiation of Refunds (Tentative)	Feb 21, 2023	Mar 09, 2023
Credit of Share (Tentative)	Feb 22, 2023	Mar 10, 2023
Listing date (Tentative)	Feb 23, 2023	Mar 13, 2023
Anchor Lockin End date 1	Mar 22, 2023	Apr 07, 2023
Anchor Lockin End date 2	May 21, 2023	Jun 06, 2023

Financials

Agarwal Float Glass India IPO P/E ratio is 5.68, as compared to ITCONS E-Solutions IPO P/E ratio of 12.09.

Agarwal Float Glass India IPO

ITCONS E-Solutions IPO

Financial

Agarwal Float Glass India Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,767.31	3,227.43	8.83	201.30	-0.84	1,120.38
31-Mar-21	1,811.87	3,188.13	24.73	226.02	23.88	1,175.30
31-Mar-22	1,761.79	4,216.91	101.68	327.68	125.54	1,141.78
30-Sep-22	2,177.31	2,369.04	267.75	595.43	393.29	1,167.91
Amount in ₹ Lakhs

ITCONS E-Solutions Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	351.17	834.95	10.57	96.78	95.64	145.06
31-Mar-21	341.21	842.48	7.53	104.31	103.17	136.33
31-Mar-22	470.71	1,820.36	119.11	223.42	222.28	106.23
30-Sep-22	792.37	1,605.05	106.12	462.23	129.36	176.70
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

89.67%

Promoter Shareholding (Post-Issue)

69.77%

59.36%

P/E Ratio

5.68

12.09

Market Cap

₹30.42 Cr.

₹25.65 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Agarwal Float Glass India IPO retail investors (RII) are offered 10,38,000 shares while in ITCONS E-Solutions IPO retail investors are offered 10,38,000 shares. Qualified institutional buyers (QIB) are offered in Agarwal Float Glass India IPO and in ITCONS E-Solutions IPO.

	Agarwal Float Glass India IPO	ITCONS E-Solutions IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,14,000 shares	86,000 shares
QIB
NII	10,38,000 shares	8,06,000 shares
RII	10,38,000 shares	8,08,000 shares
Employee
Others
Total	20,76,000 shares	16,14,000 shares

Bids Received (Subscription)

Agarwal Float Glass India IPO subscribed 5.16x in total, whereas ITCONS E-Solutions IPO subscribed 16.79x.

	Agarwal Float Glass India IPO	ITCONS E-Solutions IPO
QIB (times)
NII (times)	3.13x	16.12x
Big NII (times)
Small NII (times)
RII (times)	7.20x	17.45x
Employee (times)
Other (times)
Total (times)	5.16x	16.79x

Compare with others

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DHARNI Capital Services IPO	Agarwal Float Glass India IPO

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