Issue Price
₹42
Per Share
GMP
NIL
Grey Market
Est. Listing
₹42
Expected Price
Min. Application
₹252,000
2 lots × 3000 shares
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:Toughened glassFrosted glassFrosted design glassLeaguered glass, figure glassHeat-strengthened glassInsulated glassPVB laminated glassBullet-resistant glass and all building glassesAgarwal 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.
Agarwal Float Glass India Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 114,000 | — | ₹0.48 Cr | — |
| TOTAL | 2,190,000 | 100.00% | ₹9.20 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹126,000 |
| Retail (Max) | 13 | 39,000 | ₹1,638,000 |
| sNII (Min) | 14 | 42,000 | ₹1,764,000 |
| bNII (Min) | 68 | 204,000 | ₹8,568,000 |
| Particulars | 30-Sep-22 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue from Operations | 2369.04 | 4216.90 | 3188.13 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 267.75 | 101.68 | 24.73 |
| Net Worth | 595.43 | 327.68 | 226.02 |
| Total Assets | 2177.31 | 1761.79 | 1811.87 |
| Reserves & Surplus | 393.29 | 125.54 | 23.88 |
| Total Borrowings | 1167.91 | 1141.78 | 1175.30 |