Agarwal Toughened Glass India Limited is coming up with an IPO with a fresh issue of 57,99,600 shares worth INR 62.64 crores. The company aims to purchase machinery, repay borrowings, meet working capital needs, and cover corporate expenses.
Agarwal Toughened Glass India IPO – Important Dates
Agarwal Toughened Glass India Limited IPO Date | November 28, 2024 to December 2, 2024 |
Agarwal Toughened Glass India Limited IPO Listing Date | December 5, 2024 |
Agarwal Toughened Glass India Limited IPO Price | INR 105-108 per share |
Agarwal Toughened Glass India Limited IPO Lot Size | 1200 Shares |
Agarwal Toughened Glass India Limited IPO Total Issue Size | INR 62.64 crores |
Agarwal Toughened Glass India Limited IPO Basis of Allotment | December 3, 2024 |
Agarwal Toughened Glass India Limited IPO Initiation of Refunds | December 4, 2024 |
Agarwal Toughened Glass India Limited IPO Credit of Shares to Demat | December 4, 2024 |
Agarwal Toughened Glass India Limited IPO Issue Type | Book Built Issue IPO |
Agarwal Toughened Glass India Limited IPO Listing At | NSE SME |
Read more about Agarwal Toughened Glass India Limited IPO GMP
Agarwal Toughened Glass India Limited IPO – Company Profile
Agarwal Toughened Glass India Limited produces a wide range of toughened glass, including laminated, frosted, tinted, and double-glazed options, serving applications like shower doors, screen protectors, cookware, architectural elements, residential and commercial buildings for enhanced safety.
The company manufactures BIS-certified toughened glass with ISO 9001:2015 standards, serving India’s office buildings, hotels, banks, and shopping centers. Their products cater to diverse residential, commercial, construction, automotive, and industrial applications.
Their business secures orders from direct clients and an experienced sales team. Manufacturing timelines for processed glass depend on client specifications, including size, thickness, quantity, and quality, ensuring tailored solutions for diverse glass industry needs.
Agarwal Toughened Glass IPO Fundamental Analysis
Agarwal Toughened Glass India Limited’s financial analysis reveals a mixed performance. Revenue has grown steadily, with increased profitability, improved EPS and RoNW, more robust liquidity, higher total assets, and decreased reliance on debt despite slower inventory turnover.
- Revenue Trend: The revenue increased from ₹3,340.94 lakhs in March 2022 to ₹3,995.03 lakhs in March 2023. The revenue for the current year’s 6-month period ending September 2024 is INR 2,228.72 lakhs.
- Equity and Liabilities: Both equities and liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹50.18 lakhs in March 2022 to ₹453.92 lakhs by September 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹0.42 in March 2022 to ₹3.82 by September 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 7.54% to 21.77%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant decrease in the Inventory Turnover Ratio, which might suggest slower sales or inefficient inventory management.
Check out the other upcoming IPOs this month:
Upcoming IPO | IPO Going Live |
Rosmerta Digital Services Limited IPO | N/A |
Avanse Financial Services Limited IPO | N/A |
Nisus Finance Services Co Limited IPO | N/A |
Apex Ecotech Limited IPO | Nov 27, 2024 |
Abha Power and Steel Limited IPO | Nov 27, 2024 |
Ganesh Infraworld Limited IPO | Nov 29, 2024 |
Suraksha Diagnostic Limited IPO | Nov 29, 2024 |
Property Share Investment Trust SM REIT | Dec 02, 2024 |
Agarwal Toughened Glass India IPO Financial Analysis
Particular | As of 31 March 2022 | As of 31 March 2023 | As of 30 September 2024 |
Revenue (₹ in lakhs) | 3,340.94 | 3,995.03 | 2,228.72 |
Equity (₹ in lakhs) | 665.31 | 762.28 | 2,084.72 |
Expenses (₹ in lakhs) | 3,405.01 | 3,925.98 | 1,742.34 |
Profit and Loss After Tax (₹ in lakhs) | 50.18 | 868.52 | 453.92 |
Diluted EPS only (₹) | 0.42 | 0.82 | 3.82 |
Return on Net Worth (%) | 7.54 | 12.72 | 21.77 |
NAV per Equity Share (₹) | 14.01 | 16.05 | 17.56 |
Total Assets (in lakhs) | 3,620.49 | 4,062.32 | 5,707.55 |
Total Liabilities (in lakhs) | 2,955.18 | 3,300.04 | 3,622.83 |
Debt Equity Ratio | 4.07 | 3.95 | 1.49 |
Current Ratio (in times) | 1.26 | 1.33 | 1.35 |
Inventory Turnover Ratio | 3.24 | 3.42 | 0.88 |
Agarwal Toughened Glass India Limited IPO Peer Comparison
Agarwal Toughened Glass India Limited shows solid financials with strong EPS and RoNW. Sejal Glass Limited maintains competitive earnings and liquidity. Borosil Limited, a market leader, has significant assets and higher profitability, highlighting its industry dominance.
Company | Revenue from operations (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic & Diluted) (₹) | RoNW (%) | NAV per Equity Share (₹) |
Agarwal Toughened Glass India Limited | 2,228.72 | 10 | – | 3.82 | 21.77 | 17.56 |
Sejal Glass Limited | 11,432.11 | 10 | 150.19 | 3.77 | 14.44 | 32.31 |
Borosil Limited | 49,070.09 | 1 | 71.21 | 2.36 | 3.64 | 63.46 |
Agarwal Toughened Glass IPO Objective
The main objective of Agarwal Toughened Glass India Limited is to purchase machinery, repay borrowings, and meet incremental working capital requirements.
- Purchase of machinery at their existing manufacturing unit: The company intends to utilize INR 9.67 crores to purchase advanced machinery, increasing production capacity by adding a tempering machine at an operationally ready site, minimizing costs, and ensuring resource availability for efficient manufacturing.
- Repayment of certain Borrowings: The company plans to utilize INR 6 crores from the Net Proceeds for partial or complete repayment of outstanding borrowings, reducing debt, servicing costs, and improving financial flexibility for future growth and business expansion.
- To meet incremental working capital requirements: The company aims to utilize INR 25 crores to meet its projected working capital requirements for FY 2025 and FY 2026, supporting inventory management, trade receivables, and expansion plans for sustained growth and improved margins.
- General Corporate Expenses: The company will deploy the balance of funds for general corporate purposes, including business development initiatives, meeting expenses such as salaries, rent, administration costs, insurance premiums, repairs, maintenance, and payment of taxes and duties.
Agarwal Toughened Glass India IPO Risks And Challenges
Agarwal Toughened Glass India Limited’s risks include dependence on key customer relationships, potential loss of significant clients, vulnerability to economic, regulatory, and political disruptions, natural disasters, and operational challenges in Rajasthan that could affect revenue and operations.
- The company’s business depends heavily on customer relationships, with top customers contributing significantly to sales. The loss of key customers or failure to secure long-term contracts may adversely affect revenue, operations, and financial stability.
- The company’s business depends on maintaining customer relationships. Loss of critical customers, changes in buying patterns, or frequent order cancellations could adversely impact revenue, growth, financial condition, operations, and cash flows.
- The company’s operations in Rajasthan are vulnerable to economic, regulatory, and political disruptions, natural calamities, industrial accidents, and labour issues. These factors could adversely impact manufacturing, sales, financial condition, and business continuity.
Agarwal Toughened Glass India Ltd IPO – Industry & Market Potential
Glass is a versatile, inorganic material used in the construction and automobile sectors. It includes flat, container, fiber, and specialty glass, with applications ranging from windows and mirrors to health, transport, and communication industries.
The global Float Glass market, valued at US$24,180 million in 2022, is projected to reach US$32,780 million by 2028, growing at a 5.2% CAGR. This growth is driven by its increasing use in construction and functional benefits.
The Indian float glass market is expected to grow at a CAGR of over 7.5% from 2024 to 2029, driven by increased construction, automotive, and renewable energy demand. Market capacity is expanding, with utilization improving to 90%.
Agarwal Toughened Glass SME IPO – Type of Offer
Agarwal Toughened Glass India Limited is coming up with an IPO with a fresh issue of 57,99,600 shares worth INR 62.64 crores. The company aims to purchase machinery, repay borrowings, meet working capital needs, and cover corporate expenses.
Agarwal Toughened Glass India IPO Offer Size
The offer size of Agarwal Toughened Glass India Limited is INR 62.64 crores, consisting of a fresh issue of 57,99,600 shares worth INR 62.64 crores. The company aims to purchase machinery, repay borrowings, meet working capital needs, and cover corporate expenses.
Agarwal Toughened Glass India Limited IPO Allotment Structure
Agarwal Toughened Glass India Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 297,600 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 297,600 shares, are reserved for market makers.
Read more about Agarwal Toughened Glass India IPO Allotment Status
How to apply for Agarwal Toughened Glass India IPO?
To apply for the Agarwal Toughened Glass India Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Agarwal Toughened Glass India Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Agarwal Toughened Glass India Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
Read more about Agarwal Toughened Glass India IPO Day 1 Subscription Status
How do you check Agarwal Toughened Glass India IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Agarwal Toughened Glass India Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Agarwal Toughened Glass India Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Agarwal Toughened Glass India Limited IPO:
● Registrar’s Website: Visit the website of KFin Technologies Limited, the registrar of the Agarwal Toughened Glass India Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Read more about Agarwal Toughened Glass India IPO Day 2 Subscription Status
Agarwal Toughened Glass India Ltd IPO Offer Registrar
The registrar for the Agarwal Toughened Glass India Limited IPO is KFin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
KFin Technologies Limited
Selenium Tower B, Plot No. 31 & 32,
Gachibowli, Financial District,
Nanakramguda, Serilingampally,
Hyderabad – 500 032,
Telangana, India.
Telephone: +91 40 6716 2222/180 0309 4001
E-mail: [email protected]
Website: www.kfintech.com
Read more about Agarwal Toughened Glass India IPO Day 3 Subscription Status
Agarwal Toughened Glass SME IPO – FAQs
The allotment date of the Agarwal Toughened Glass India Ltd is December 3, 2024.
The price band of the issue is INR 105-108 per share.
The offer size of Agarwal Toughened Glass India Limited is INR 62.64 crores, consisting of a fresh issue of 57,99,600 shares worth INR 62.64 crores. The company aims to purchase machinery, repay borrowings, meet working capital needs, and cover corporate expenses.
The listing date of the Agarwal Toughened Glass India is December 5, 2024.
The Agarwal Toughened Glass India IPO is getting listed on the National Stock Exchange (NSE) and the Small Medium Exchange (SME).
The open and close dates of the Agarwal Toughened Glass India Limited are November 28, 2024, and December 2, 2024, respectively.
To apply for the Agarwal Toughened Glass India Limited IPO through Alice Blue, open a Demat and trading account, check IPO details, place your bid within the price band, and submit the application. After allotment, check the status of share allocation.
The Book Runner for the Agarwal Toughened Glass is Cumulative Capital Private Limited.