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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹9.20 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹9.20 Cr |
| Fresh Issue | ₹8.72 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹42.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | AGARWALFT |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 3,000 shares and in multiples thereof
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 utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the company | 6.25 |
| 2 | General Corporate Purposes | 0.73 |
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 21.77 | 17.62 | 18.12 | 17.67 |
| Total Income | 23.69 | 42.17 | 31.88 | 32.27 |
| Profit After Tax | 2.68 | 1.02 | 0.25 | 0.09 |
| NET Worth | 5.95 | 3.28 | 2.26 | 2.01 |
| Reserves and Surplus | 3.93 | 1.26 | 0.24 | -0.01 |
| Total Borrowing | 11.68 | 11.42 | 11.75 | 11.20 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 18.36% |
| ROCE | 16.26% |
| Debt / Equity | 3.48% |
| RoNW | 31% |
| PAT Margin | 2.42% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.03 | |
| P/E (x) | 5.68 | |
| Promoter Holding | 99.99% | 69.77% |
| Market Cap | ₹30.42 Cr. | |
