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TCS, HDFCBANK, SBI Liquid Fund (G)
Agarwal Toughened Glass India Ltd.

AGARWALTUF

Equity

NSE

Min. Investment

1,05,000.00

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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

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

ParticularPre-IPOPost-IPO
Percentage95.1766.81
Share Capital1130100011301000

Offer to Public

50,40,000.00 Cr

Project Details

  • Purchase of machinery at our existing manufacturing unit - 96.681cr
  • Repayment of certain Borrowings - 60cr
  • General Corporate Expenses - 120.334cr
  • To meet incremental working capital requirements - 324.592cr

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

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20245,121.441,187.50868.52868.527.3139
20213,531.76475.0020.7420.740.1747
20234,030.18475.0096.9796.970.8166
20223,602.21475.0096.9796.970.8166
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