IPO Details
Bidding Dates
28 Nov 24 - 02 Dec 24
Price Range ₹
105 - 108
Total Equity
₹ 54.43Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
28 Nov 2024
Offer end
02 Dec 2024
Allotment
03 Dec 2024
Refund initiation
04 Dec 2024
Demat transfer
04 Dec 2024
Listing
05 Dec 2024
Offer start
28 Nov 2024
Offer end
02 Dec 2024
Allotment
03 Dec 2024
Refund initiation
04 Dec 2024
Demat transfer
04 Dec 2024
Listing
05 Dec 2024
About Company
Established in October 2009, Agarwal Toughened Glass India Limited specializes in manufacturing tempered glass for diverse applications, including shower doors, refrigerator trays, mobile screen protectors, bulletproof glass, diving masks, and cookware. The company holds ISO 9001:2015 certification for its Quality Management System and serves sectors such as office buildings, hotels, institutions, banks, insurance companies, shopping centers, and diplomatic residences. Its product range includes: - Annealed Glass - Toughened Glass - Insulated Glass - Laminated Safety Glass - Heat Soaked Glass To ensure quality, the company conducts tests like human impact assessments, ball drop tests, visual and design inspections, annealing stress evaluations, and thickness and weight measurements.
Year Founded
30-10-2009
Promotor Details
Anita Agarwal
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 95.17 | 66.81 |
| Share Capital | 11301000 | 11301000 |
Offer to Public
50,40,000.00 Cr
Project Details
- To meet incremental working capital requirements - 324.592cr
- Repayment of certain Borrowings - 60cr
- Purchase of machinery at our existing manufacturing unit - 96.681cr
- General Corporate Expenses - 120.334cr
Objectives
- 1) Purchase of machinery at our existing manufacturing unit
- 2) Repayment of certain Borrowings
- 3) To meet incremental working capital requirements
- and4) General Corporate Expenses.
Highlights
- Established brand presence and strong market credibility.
- Experienced promoters with proven market adaptability.
- Long-term relationships with loyal, repeat customers.
- Commitment to quality backed by ISO 9001:2015 certification.
- Expertise in delivering consistent and reliable products/services.
Challenges
- High revenue dependency on a limited number of key customers.
- Reliance on domestic sales, restricting market diversification.
- Exposure to regulatory and compliance risks related to BIS and quality standards.
- Financial risk due to unsecured borrowings and loans from directors.
- Limited global presence, affecting competitiveness in international markets.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 3,531.76 | 475.00 | 20.74 | 20.74 | 0.1747 |
| 2024 | 5,121.44 | 1,187.50 | 868.52 | 868.52 | 7.3139 |
| 2023 | 4,030.18 | 475.00 | 868.52 | 868.52 | 7.3139 |
| 2022 | 3,602.21 | 475.00 | 96.97 | 96.97 | 0.8166 |
