Agarwal Toughened Glass India IPO is a book-built issue with a total size of ₹62.64 crore. The offering comprises an entirely fresh issue of 58 lakh equity shares.
The subscription period for the Agarwal Toughened Glass India IPO begins on November 28, 2024, and closes on December 2, 2024. The allotment is expected to be finalized on Tuesday, December 3, 2024, with the shares scheduled to list on the NSE SME platform on Thursday, December 5, 2024.
Agarwal Toughened Glass India operates in the manufacturing sector, specifically producing toughened glass. Their products include a variety of toughened glass types such as laminated, frosted, tinted, reflecting, clear, and double-glazed glass. These are used in applications like shower doors, refrigerator trays, mobile screen protectors, bulletproof glass for diving masks, and various plates and cookware.
The IPO price band is set at ₹105 to ₹108 per share. Retail investors must apply for a minimum lot size of 1,200 shares, requiring an investment of ₹129,600 at the upper price limit. High Net Worth Individuals (HNIs) must apply for a minimum of 2 lots, or 2,400 shares, translating to ₹259,200.
Cumulative Capital Private Limited is the book-running lead manager for this IPO, with Kfin Technologies Limited acting as the registrar. The market-making role for the issue is handled by Nikunj Stock Brokers.
Agarwal Toughened Glass India IPO Details:
| Company Name | Agarwal Toughened Glass India Limited |
| Sector | Toughened Glass Manufacturing |
| IPO Type | SME |
| IPO Open date | 28th Nov 2024 |
| IPO Close date | 02nd Dec 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Agarwal Toughened Glass India IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1200 | 1,29,600 |
| HNI (Min) | 2 | 2400 | 2,59,200 |
Agarwal Toughened Glass India IPO Timeline:
| IPO Open Date | 28th Nov 2024 |
| IPO Close Date | 02nd Dec 2024 |
| Basis of Allotment | 03rd Dec 2024 |
| Refund Initiation Date | 04th Dec 2024 |
| Shares Credit to Demat | 04th Dec 2024 |
| Listing Date | 05th Dec 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Agarwal Toughened Glass India’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Toughened Glass Manufacturing Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Agarwal Toughened Glass India and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
