Agarwal Float Glass India was incorporated on May 3, 2018. The company is engaged in the business of trading glass and specialised glass products by procuring quality products from manufacturers and selling them either through sales managers or directly to the customers, as a wholesaler of glass and glass products.
| Bidding Dates |
|---|
| 10 Feb 2023 - 15 Feb 2023 |
| Subscription |
|---|
| 5.16x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,26,000 | 1 | 1 | 3000 | 2.2 M | ₹42 | 69.77 % | ₹92.0 M | RHP DOC |
Agarwal Float Glass IPO SUBSCRIPTION STATUS
15 Feb '23Agarwal Float Glass IPO overall subscription rate was 5.16 times the total available shares
Agarwal Float Glass IPO retail subscription rate was 7.2 times in the retail segment
Agarwal Float Glass IPO non-institutional investor subscription rate was 3.13 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
15 Feb 2023 (Day 4) | 7.2x | 3.13x | - |
14 Feb 2023 (Day 3) | 3.52x | 1.41x | - |
13 Feb 2023 (Day 2) | 2.63x | 1.23x | - |
10 Feb 2023 (Day 1) | 0.9x | 0.97x | - |
Agarwal Float Glass FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| H1FY23 | 26.8 | 235.6 | 6.7 | 6.6 |
| FY22 | 10.2 | 421.0 | 19.7 | 19.3 |
| FY21 | 2.5 | 316.3 | 0.6 | 0.4 |
| FY20 | 0.9 | 320.9 | -85.7 | -90.7 |
Agarwal Float Glass IPO SUBSCRIPTION STATUS DETAILS
Agarwal Float Glass had 2.2 M shares on offer
Agarwal Float Glass IPO offer price was ₹42
Agarwal Float Glass IPO minimum Investment was ₹126000
Agarwal Float Glass IPO issue size was ₹ 92.0 M
Agarwal Float Glass had a minimum lot size of 3000 Shares per application
Agarwal Float Glass NUMBER OF SHARES ON OFFER
Agarwal Float Glass IPO IMPORTANT DATES
| Issue Open Date | 10 Feb 2023 |
| Issue close Date | 15 Feb 2023 |
| Allotment Date | 20 Feb 2023 |
| Refund Date | 21 Feb 2023 |
| Demat Account Credit Date | 22 Feb 2023 |
| Listing Date | 23 Feb 2023 |
| Listing on Exchange(s) | NSE |
| Agarwal Float Glass Allotment Status | Exchange |
Agarwal Float Glass IPO subscription opened on 10 Feb 2023, and closed on 15 Feb 2023
IPO allotment for Agarwal Float Glass was finalized on Monday, 20 Feb 2023
IPO listing for Agarwal Float Glass was on NSE on Thursday, 23 Feb 2023
Agarwal Float Glass IPO LISTING GAINS
| Issue Price (adjusted) | 42.0 |
| Listing Open Price | 44.0 |
| Listing Close Price | 44.0 |
| Listing Gain% | 4.8% |
| Current Gain% | -12.3% |
Agarwal Float Glass Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agarwal Float Glass India Ltd. | 36.8 | 26.7 | 18.1 | -0.3 | 0.4 | 7.4 | 3.5 | 65.1 | -9.8 | 1.5 | -52.1 | 2 | -52.1 |
| Adani Enterprises Ltd. | 3020 | 408730.2 | 54.9 | 3.3 | 3.7 | 11.5 | 3.6 | 102943.2 | 2.6 | 9339.5 | 31.6 | 55 | 16.7 |
| Redington Ltd. | 354.8 | 27741.3 | 16.3 | 4 | 0.2 | 14.7 | 4.4 | 119347.4 | 19.9 | 1490.2 | -7.1 | 21.8 | 4.1 |
| Lloyds Enterprises Ltd. | 83.5 | 12611.6 | 44.5 | 0.1 | 7.2 | 6.8 | 3.9 | 2183.7 | 39 | 283.4 | 396.5 | 1.9 | 396.5 |
| Swan Corp Ltd. | 308 | 9656 | 35.2 | -0.6 | 2.2 | 3.6 | 2 | 5143.5 | -25.3 | 274.1 | -63.7 | 8.7 | -63.7 |
| MMTC Ltd. | 64 | 9597 | 24.8 | 0.1 | 2814.4 | 18.3 | 13.8 | 180.6 | -31.3 | 387.4 | 347.2 | 2.6 | 347.2 |
Agarwal Float Glass INFORMATION ON IPO ISSUE
About Agarwal Float Glass
Agarwal Float Glass India was incorporated on May 3, 2018. The company is engaged in the business of trading glass and specialised glass products by procuring quality products from manufacturers and selling them either through sales managers or directly to the customers, as a wholesaler of glass and glass products.
Object of the Issue
- Funding the working capital requirements of the company
- General corporate purposes
Agarwal Float Glass - PROMOTERS
| Name |
|---|
| Uma Shankar Agarwal |
| Mahesh Kumar Agarwal |
Agarwal Float Glass Lead Manager
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
Agarwal Float Glass Registrar to the issue
Kfin Technologies Private Limited
afgil.ipo@kfintech.com
Agarwal Float Glass Strengths
Strong balance sheet
The company currently possesses a unique balance sheet situation with low debt and high equity
Existing relationships
The company's existing relationships help it get repeat business from customers. This has helped it maintain a long-term working relationship with customers and improve its customer retention strategy
Agarwal Float Glass Risks
Purchase-order based business
The company generally does business with customers on a purchase-order basis and does not enter into long-term contracts with them
Outstanding litigations
There are outstanding litigations involving the company, promoters, directors and group company, which, if determined adversely, may affect the business and financial condition
IPO FAQs
The promoters of the company are Uma Shankar Agarwal and Mahesh Kumar Agarwal.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 42.0 - 42.0.
The IPO application opens on Feb 10, 2023 and closes on Feb 15, 2023.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 126,000.0, the maximum value for this IPO is Rs 126,000.0.
This IPO will be allotted on Feb 20, 2023.
The refund will be credited to your account on Feb 21, 2023.
The allotted shares will be credited to your demat on Feb 22, 2023.
Agarwal Float Glass India Ltd.’s shares listed on the stock exchanges on Feb 23, 2023.