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Incorporated in 2018, Agarwal Float Glass India Limited is engaged in the business of trading of glass and specialized glass products. The company procures quality products from manufacturers and thereafter sells the same through the sales managers or directly to customers, as a wholesaler of glass and glass products.
The company is a crucial part of the Agarwal Group. The Group was set up by Uma Shankar Agarwal and Mahesh Kumar Agarwal in 1997 for trading ;in glass and glass products.
The products of Agarwal Float Glass India are delivered across the country. Their products are utilized in varied areas like office buildings, hotels, institutions, banks, insurance companies, shopping malls, diplomatic residences, and many others as per suitability. The product portfolio ranges between clear glass, different kinds of value-added glass products and processed glass products, of varying thicknesses.
Alongside trading of glass, the entity also offers processed glass including:
Agarwal Float Glass India Limited is highly dependent on suppliers and distributors. These suppliers include Saint-Gobain India Private Limited, Sisecam Flat Glass India Private Limited, Gold Plus Glass Industry Limited, Asahi India Glass Limited, and Gujarat Guardian Limited. With the help of strong associations, the company is able to deliver high quality products and satisfy the requirements of its customers.
The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:
| IPO Date | Feb 10, 2023 to Feb 15, 2023 |
| Listing Date | Feb 23, 2023 |
| Face Value | ₹10 per share |
| Price | ₹42 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,190,000 shares (aggregating up to ₹9.20 Cr) |
| Fresh Issue | 2,190,000 shares (aggregating up to ₹9.20 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 1,038,000 (50% of the Net Issue) |
| Retail Shares Offered | 1,038,000 (50% of the Net Issue) |
| Market Maker portion | 114,000 shares (SMC GLOBAL SECURITIES LTD.) |
| Total Shares Offered | 2,076,000 |
| KPI | Values |
|---|---|
| P/E (x) | 5.68 |
| Market Cap (₹ Cr.) | 30.42 |
Agarwal Float Glass India IPO opens on Feb 10, 2023, and closes on Feb 15, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Feb 10, 2023 |
| Closing Date | Feb 15, 2023 |
| Basis of Allotment | Feb 20, 2023 |
| Initiation of Refunds | Feb 21, 2023 |
| Credit of Shares to Demat | Feb 22, 2023 |
| Listing Date | Feb 23, 2023 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Agarwal Float Glass India IPO lot size is 3000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
| HNI (Min) | 2 | 6,000 | ₹252,000 |
| Lot Size Calculator | |||
Uma Shankar Agarwal and Mahesh Kumar Agarwal are the Promoters of the company.
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 69.77% |
| 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 | ||||||
[Dilip Davda] The company is in the trading business and fully dependent on third-party supply. Earnings for H1-FY23 raise eyebrows and concern over sustainability going forward. Though on the basis of FY23 earnings, the issue appears lucratively priced, on the basis of FY22 earnings, it is aggressively priced. Higher spending for the IPO process indicates funding arrangements. Thus, it can be termed a high-risk/low-return bet. Well-informed/cash surplus risk seekers may consider investing for the medium term. Read detail review...
The Agarwal Float Glass India IPO is subscribed 5.16 times on Feb 15, 2023 7:00:00 PM. The public issue subscribed 7.20 times in the retail category, times in the QIB category, and 3.13 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 3.13 |
| Retail | 7.20 |
| Total | 5.16 |
| Listing Date | Feb 23, 2023 |
| BSE Script Code | |
| NSE Symbol | AGARWALFT |
| ISIN | INE0MLA01012 |
| IPO Price | ₹42 per share |
| Price Details |
|---|
| IPO Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹42.00 |
| ₹44.00 |
| ₹42.00 |
| ₹44.50 |
| ₹44.05 |
Agarwal Float Glass India Limited
H-1/790, Sitapura Industrial Area Ext.,
Near Fire Bridge Office,
Jaipur - 302 022
Phone: +91 723 004 3211
Email: compliance@agarwafloat.com
Website: http://www.agarwalfloat.com/
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: afgil.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
Agarwal Float Glass India IPO is a SME IPO of 2,190,000 equity shares of the face value of ₹10 aggregating up to ₹9.20 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000 Shares.
The IPO opens on Feb 10, 2023, and closes on Feb 15, 2023.
KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Agarwal Float Glass India IPO using UPI as a payment gateway. Zerodha customers can apply in Agarwal Float Glass India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Agarwal Float Glass India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Agarwal Float Glass India IPO opens on Feb 10, 2023 and closes on Feb 15, 2023.
Agarwal Float Glass India IPO lot size is 3000 Shares and the minimum order quantity is .
You can apply in Agarwal Float Glass India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Agarwal Float Glass India IPO will be done on Feb 20, 2023, and the allotted shares will be credited to your demat account by Feb 22, 2023. Check the Agarwal Float Glass India IPO allotment status.
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