Agarwal Float Glass India Limited IPO Details ( Agarwal Float Glass India IPO Review )
(10 Feb 2023 – 15 Feb 2023)
Established in 2018, Agarwal Float Glass India Limited specializes in trading glass and specialized glass products. They source high-quality products from manufacturers and distribute them either through sales managers or directly to customers as a wholesale supplier of glass and glass-related products.
Agarwal Float Glass India Limited is a vital component of the Agarwal Group, which was founded in 1997 by Uma Shankar Agarwal and Mahesh Kumar Agarwal with a focus on trading glass and glass-related products.
Agarwal Float Glass India delivers its products across the nation for a wide range of applications, including office buildings, hotels, institutions, banks, insurance companies, shopping malls, diplomatic residences, and more. Their product offerings include clear glass, various value-added glass products, and processed glass products in different thicknesses, catering to diverse requirements.
In addition to trading glass, Agarwal Float Glass India also provides processed glass, including:
- Toughened glass
- Frosted glass
- Frosted design glass
- Leaguered glass, figure glass
- Heat-strengthened glass
- Insulated glass
- PVB laminated glass
- Bullet-resistant glass and all building glasses
Agarwal Float Glass India Limited relies heavily on its suppliers and distributors, including Saint-Gobain India Private Limited, Sisecam Flat Glass India Private Limited, Gold Plus Glass Industry Limited, Asahi India Glass Limited, and Gujarat Guardian Limited. Through these strong partnerships, the company is able to secure a steady supply of high-quality products and meet the demands of its customers.
Agarwal Float Glass Company Product:
- Annealed Glass
- Toughened or Heat Strengthened Glass
- Insulated Glass
- Laminated Glass
- Ceramic fritted glass
- Sand blasted glass
- Acid frosted glass
- Heat soaked glass
- Lacquered glass/ back printed glass
Agarwal Float Glass IPO Competitive Strength
- Experienced Promoters and a well-trained employee base
- Strong Balance Sheet and Financial Condition
- Existing client and supplier relationships
Agarwal Float Glass IPO Our Business Strength
- Improving operational efficiencies
- Leveraging our Market skills and Relationships
- Enhance customer base by entering new geographies to establish long-term relationships
Agarwal Float Glass IPO Financials Performance ( Results )
Agarwal Float Glass Limited Financial Information ( Consolidated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | Profit After Tax (PAT) | EPS ( ₹ ) | Net Worth | Reserves | Borrowing |
| 31-Mar-20 | 1767.31 | 3227.43 | 8.83 | 0.44 | 201.3 | -0.84 | 1120.38 |
| 31-Mar-21 | 1811.87 | 3188.13 | 24.73 | 1.22 | 226.02 | 23.88 | 1175.3 |
| 31-Mar-22 | 1761.79 | 4216.91 | 101.68 | 5.03 | 327.68 | 125.54 | 1141.78 |
| 30-Sep-22 | 2177.31 | 2369.04 | 267.75 | 13.25 | 595.43 | 393.29 | 1167.91 |
Objective of IPO Issue
- Financing the working capital needs of the company.
- General Corporate Purposes
Agarwal Float Glass IPO Basic Details
| IPO Date | Feb 10, 2023 to Feb 15, 2023 |
| Listing Date | Thursday, February 23, 2022 |
| Face Value | ₹10 per share |
| Price | ₹42 per share |
| Lot Size | 3000 Shares |
| Issue Size | 2,190,000 shares of ₹10 (aggregating up to ₹9.20 Cr) |
| Fresh Issue | 2,190,000 shares of ₹10 (aggregating up to ₹9.20 Cr) |
| Issue Type | Fixed Price Issue IPO |
| P/E (x) | 5.68 |
| Market Cap (₹ Cr.) | 30.42 |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the Offer |
| Retail Shares Offered | 50% of the Offer |
| Company Promoters | Uma Shankar Agarwal and Mahesh Kumar Agarwal are the Promoters of the company. |
Agarwal Float Glass IPO Timetable
Agarwal Float Glass IPO will open on Feb 10, 2023 and close on Feb 15, 2023. You can join Agarwal Float Glass IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | Feb 10, 2023 |
| Closing Date | Feb 15, 2023 |
| Basis of Allotment | Feb 20, 2023 |
| Initiation of Refunds | Feb 21, 2023 |
| Credit of Shares to Demat | Feb 22, 2023 |
| Listing Date | Feb 23, 2023 |
Agarwal Float Glass IPO Lot Size
For retail investors in Agarwal Float Glass IPO, 3000 shares will come in 1 lot or the minimum investment will be ₹126,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹126,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
| S-HNI (Min) | 2 | 6000 | ₹252,000 |
Agarwal Float Glass IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 69.77% |
Agarwal Float Glass IPO Valuation – March 31, 2022
| Earning Per Share (EPS) | ₹5.03 per Equity Share |
| Price/Earning P/E Ratio | – |
| Return on Net Worth (RoNW) | 31.00% |
| Net Asset Value (NAV) | ₹16.20 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | 2.59 |
Agarwal Float Glass IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 21 February 2023 | ₹1.5 | – | – |
| 20 February 2023 | ₹1 | – | – |
| 19 February 2023 | ₹-4 | – | – |
| 18 February 2023 | ₹-4 | – | – |
| 17 February 2023 | ₹-4 | – | – |
| 16 February 2023 | ₹-4 | – | – |
| 15 February 2023 | ₹-4 | – | – |
| 14 February 2023 | ₹-3 | – | – |
| 13 February 2023 | ₹-3 | – | – |
| 12 February 2023 | ₹-3 | – | – |
| 11 February 2023 | ₹-3 | – | – |
| 10 February 2023 | ₹10 | – | – |
Agarwal Float Glass IPO Detail Video:
Agarwal Float Glass IPO Subscription Status (Bidding Detail)
The Agarwal Float Glass IPO on Feb 15, 2023 at 07:00:00 PM was subscribed 5.16 times, with the retail category being subscribed 7.20 times, the NII (Non-Institutional Investor) category being subscribed 3.13 times.
| Category | Subscription |
| NII | 3.13x |
| Retail | 7.20x |
| Total | 5.16x |
Agarwal Float Glass IPO Prospectus
Agarwal Float Glass IPO Rating
| Our Rating | 2.0/5.0 |
Agarwal Float Glass Compnay Contact Information
Agarwal Float Glass India Limited
Registered Office: H-1/790, Sitapura Industrial Area Ext.,
Near Fire Bridge Office, Jaipur – 302022,
Rajasthan, India
Telephone: +91 723 004 3211
E-mail: compliance@agarwafloat.com
Website: www.agarwalfloat.com
Contact Person: Priyanka Mahirchandani, Company Secretary
and Compliance Officer
PROMOTERS OF OUR COMPANY: UMA SHANKAR AGARWAL
AND MAHESH KUMAR AGARWAL
Agarwal Float Glass IPO Registrar
KFIN TECHNOLOGIES LIMITED
Address: Selenium Tower-B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Contact Person: M Murali Krishna
Tel: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: afgil.ipo@kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Website: www.kfintech.com
SEBI Registration No. : INR000000221
Agarwal Float Glass IPO Lead Manager
GYR CAPITAL ADVISORS PRIVATE LIMITED
Address: 428, Gala Empire, Near T.B. Tower Drive In Road,
Thaltej, Ahmedabad – 380054, Gujarat, India
Tel No.: +91 877 756 4648
Fax No.: N.A.
Email: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
Investor Grievance Email: investors@gyrcapitaladvisors.com
Contact Person: Mohit Baid
SEBI Registration No.: INM000012810
CIN: U67200GJ2017PTC096908
Agarwal Float Glass IPO FAQs
What is the lot size of Agarwal Float Glass IPO?
The total issue size of Agarwal Float Glass IPO is ₹9.20 crores and this is a complete fresh Issue.
When will Agarwal Float Glass IPO start?
Agarwal Float Glass IPO will start from 10 Feb 2023 and IPO will Close on 15 Feb 2023.
What is the open date of Agarwal Float Glass IPO?
Agarwal Float Glass IPO will start from 10 Feb 2023.
What is the last date ( close date ) of Agarwal Float Glass IPO?
Agarwal Float Glass IPO will close from 15 Feb 2023.
What is the price band of Agarwal Float Glass IPO?
Agarwal Float Glass IPO price band is ₹42.
What is the minimum amount required to apply for Agarwal Float Glass IPO?
The minimum investment for retailers to apply for Agarwal Float Glass IPO is ₹126,000 and the maximum investment is ₹126,000.
What is going on gray market premium of Agarwal Float Glass IPO?
View gray market premium of Agarwal Float Glass IPO by Clicking Here
How much is the GMP of Agarwal Float Glass IPO?
Watch Agarwal Float Glass IPO GMP Today: Click Here
What is the allotment date of Agarwal Float Glass IPO?
The allotment date of Agarwal Float Glass IPO is 20 February 2023.
How to check allotment status in Agarwal Float Glass IPO?
To check the allotment status of Agarwal Float Glass IPO, first of all go to the registrar website by clicking here, select your bad Agarwal Float Glass IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Agarwal Float Glass IPO?
The listing date of Agarwal Float Glass IPO is 23 February 2023.
How much will be the listing gain in Agarwal Float Glass IPO?
View listing gain of Agarwal Float Glass IPO by Clicking Here
How much time Agarwal Float Glass IPO is subscribed?
Total 5.16 times subscribed in Agarwal Float Glass IPO out of which 7.20 times subscription was done in retail quota and 3.13 times subscription in NII quota.
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