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Agarwal Float Glass India IPO is a fixed price issue of Rs 9.20 crores. The issue is entirely a fresh issue of 21.9 lakh shares.
Agarwal Float Glass India IPO bidding started from February 10, 2023 and ended on February 15, 2023. The allotment for Agarwal Float Glass India IPO was finalized on Monday, February 20, 2023. The shares got listed on NSE SME on February 23, 2023.
Agarwal Float Glass India IPO price is ₹42 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹252,000.
GYR Capital Advisors Private Limited is the book running lead manager of the Agarwal Float Glass India IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Agarwal Float Glass India IPO is Smc Global Securities.
Refer to Agarwal Float Glass India IPO RHP for detailed information.
| IPO Date | February 10, 2023 to February 15, 2023 |
| Listing Date | February 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 |
| Market Maker portion | 114,000 shares Smc Global Securities |
Agarwal Float Glass India IPO offers 2,190,000 shares. 1,038,000 (47.40%) to NII, 1,038,000 (47.40%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 114,000 (5.21%) |
| Other Shares Offered | 1,038,000 (47.40%) |
| Retail Shares Offered | 1,038,000 (47.40%) |
| Total Shares Offered | 2,190,000 (100%) |
Agarwal Float Glass India IPO opens on February 10, 2023, and closes on February 15, 2023.
| IPO Open Date | Friday, February 10, 2023 |
| IPO Close Date | Wednesday, February 15, 2023 |
| Basis of Allotment | Monday, February 20, 2023 |
| Initiation of Refunds | Tuesday, February 21, 2023 |
| Credit of Shares to Demat | Wednesday, February 22, 2023 |
| Listing Date | Thursday, February 23, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 15, 2023 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 69.77% |
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.
| 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 | ||||||
The market capitalization of Agarwal Float Glass India IPO is Rs 30.42 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 5.68 |
The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:
[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 February 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 | February 23, 2023 |
| BSE Script Code | |
| NSE Symbol | AGARWALFT |
| ISIN | INE0MLA01012 |
| Final Issue Price | ₹42 per share |
| Price Details |
|---|
| Final Issue 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://kosmic.kfintech.com/ipostatus/
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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 February 10, 2023, and closes on February 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 February 10, 2023 and closes on February 15, 2023.
Agarwal Float Glass India IPO lot size is 3000 Shares, and the minimum amount required is ₹126,000.
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 Monday, February 20, 2023, and the allotted shares will be credited to your demat account by Wednesday, February 22, 2023. Check the Agarwal Float Glass India IPO allotment status.
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