Agarwal Float Glass India IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP

Let’s have a detailed review of the company and analytics of the Agarwal Float Glass India IPO release date, IPO offer price, subscription, Agarwal Float Glass India Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Agarwal Float Glass India IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Agarwal Float Glass India IPO – Summary

Their Company was incorporated on May 3, 2018 as ‘Agarwal Float Glass India Private Limited’, a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated May 3, 2018

It is issued by the Deputy Registrar of Companies, Central Registration Centre, National Capital Territory of Delhi on behalf of the Registrar of Companies, Jaipur. Subsequently, their Company was converted into a public limited company pursuant to a resolution passed by their Shareholders.

The Promoter of this company is UMA SHANKAR AGARWAL AND MAHESH KUMAR AGARWAL. The lead manager to the issue is GYR CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar to this issue is KFIN TECHNOLOGIES LIMITED.

Agarwal Float Glass India IPO Date

The opening and closing dates of Agarwal Float Glass India IPO are Feb 10, 2023 and Feb 15, 2023 respectively.

Agarwal Float Glass India IPO Subscription

The shares subscribed by the public will be updated here.

Agarwal Float Glass India IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Agarwal Float Glass India Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Agarwal Float Glass India IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.42 

Agarwal Float Glass India IPO Equity Size

This Initial Public Issue of 2,190,000 Equity Shares of Rs.10 each for cash at a price of Rs.42 per equity share aggregating to Rs.920 Lakh.

Agarwal Float Glass India IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,190,000 Equity Shares of Rs.10/ each.

Issue Size: 2,190,000 Equity Shares of Rs.10 each, aggregating to Rs.920 Lakh

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Agarwal Float Glass India IPO – Live Performance

The listing date of this IPO is Feb 23, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.

Agarwal Float Glass IPO Grey Market Premium

The Agarwal Float Glass India Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

Agarwal Float Glass India IPO – Company Overview

Their Company forms a part of the Agarwal Group which has a legacy of more than two decades. Promoters, Uma Shankar Agarwal and Mahesh Kumar Agarwal had set up the Agarwal Group in 1997 by setting up a sole proprietorship under the name of ‘Agarwal Glass House’ in Rajasthan for trading of glass and glass products.

Promoters expanded the Agarwal Group by incorporating their Company in 2018 to venture into the processing glass industry. The Company is engaged in the business of trading of glass and specialised glass products by procuring quality products from manufacturers and selling it either through their sales managers or directly to their customers, as a wholesaler of glass and glass products.

Their valued customers are spread across the country and work across varied industry segments such as, office buildings, hotels, institutions, banks, insurance companies, shopping malls, diplomatic residences, etc.

Their products cater to a range of end use industries including construction, automotive, and industrial sectors, with a variety of applications such as exterior and interior spaces of residential and commercial buildings.

Agarwal Float Glass India IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Earnings per Equity Share (in Lakh)

Further, their PAT for the period ended on Sep 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 267.75 Lakh, Rs. 101.68 Lakh, Rs. 24.73 Lakh and Rs. 8.83 Lakh respectively.

Agarwal Float Glass India IPO – Promoters

The Promoter of this company is:

1. UMA SHANKAR AGARWAL
2. MAHESH KUMAR AGARWAL

List of Related Parties (Key Managerial Personnel)

• Uma Shankar Agarwal, Chairman and Managing Director
• Mahesh Kumar Agarwal, Executive Director
• Sharda Agarwal, Non-Executive Director
• Gokul Gupta, Independent Director
• Punit Mittal, Independent Director

Agarwal Float Glass India IPO – Promoters Holding

• Pre-Issue Share Holding – 99.99%
• Post Issue Share Holding – %

Agarwal Float Glass India IPO Offer Details or Issue Details

Agarwal Float Glass India IPO Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Funding the working capital requirements of the company
2. General Corporate Purposes

Agarwal Float Glass India IPO – Business Strategy

• Improving operational efficiencies
• Leveraging their Market skills and Relationships
• Enhance customer base by entering new geographies to establish long-term relationships

Agarwal Float Glass IPO – Basis of Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

• Experienced Management team having domain knowledge to scale up and expand into new opportunities;
• Wide product portfolio addressing the needs of varied customers across the industry;
• Dedicated technical & functional team to provide solutions to our customers;
• Extensive Sales and distribution network;
• Experience of handling large & complex projects;
• Multi-year relationships with most customers;
• Improving operational efficiency.

The relevant quantitative factors are:

Agarwal Float Glass IPO: Competitive Peers

Agarwal Float Glass India IPO Lead Managers

Agarwal Float Glass India IPO Registrar to offer

Agarwal Float Glass India IPO – Other Details

• Statutory Auditor – M/s. Piyush Kothari & Associates, Chartered Accountants
• Legal Counsel to the Company – T&S Law
• Bankers to the Company –  NA

Agarwal Float Glass IPO Review by Stock Brokers

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Agarwal Float Glass India Limited IPO News

News 1 – IPO DRHP Download

News 2 – IPO RHP Prospectus Download

Agarwal Float Glass India IPO Review FAQs

Check out various FAQs related to Agarwal Float Glass India IPO:

What is the Issue Size of Agarwal Float Glass IPO?

The Company is making an initial public offer of 2,190,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

What is the Price band of Agarwal Float Glass IPO?

The price band for this particular IPO ranges between Rs 42. As far as the face value of the share is of concern, it is Rs.10 per share.

What is the Agarwal Float Glass India IPO Open Date?

The opening and closing dates for this IPO have been updated. The IPO is set to open on Feb 10, 2023, while the closing date is set at Feb 15, 2023.

What is the Agarwal Float Glass IPO Allotment Date?

They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Feb 20, 2023, refund initiation is on Feb 21, 2023, credit of shares is on Feb 22, 2023, and share listing date is on Feb 23, 2023.

What is the Agarwal Float Glass IPO Listing Date?

Shares of this company shall be listed in the exchanges Feb 23, 2023. The date, when the listing would be done, is stagnant on Feb 23, 2023.

Who is the Registrar of Agarwal Float Glass IPO?

One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Limited. Their website will help you regarding the further information you are on the lookout for.

Who is the Promoter of Agarwal Float Glass IPO?

Here are the promoters of this IPO – UMA SHANKAR AGARWAL AND MAHESH KUMAR AGARWAL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

What is the GMP of Agarwal Float Glass IPO?

They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

Is Agarwal Float Glass IPO good for Investment?

They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

What is the PAT of Agarwal Float Glass India Company?

They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 101.68, 2021 is 24.73, and 2020 is 8.83. PAT from Sep 2022 is 267.75.

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