Issue Price
₹108
Per Share
GMP
NIL
Grey Market
Est. Listing
₹108
Expected Price
Min. Application
₹259,200
2 lots × 1200 shares
Incorporated in October 2009, Agarwal Toughened Glass India Limited manufactures tempered glasses. The company's products are used in various industries, such as shower doors, refrigerator trays, mobile screen protectors, bulletproof glass for diving masks, and a variety of plates and cookware.The company is ISO 9001:2015 certified for its Quality Management System.The company caters to segments such as office buildings, hotels, institutions, banks, insurance firms, shopping centres, and diplomatic homes.The product portfolio of the company comprises ofAnnealed GlassToughened GlassesInsulated GlassesLaminate Safety GlassHeat Soaked GlassThe company conducts various tests on its products, including human impact assessments, ball drop tests, design and visual inspections, annealing evaluations (for residual stress), and glass thickness and weight measurements.Competitive Strengths:Strong Brand presence in the Indian marketThe company's management team is a combination of experience and expertiseLong-standing relationships with its customersConsistent focus on qualityStrong Risk ManagementAs of September 30, 2024, the company had 207 employees responsible for their respective tasks, including directors, administrative, secretarial, marketing, and accounting staff.
Agarwal Toughened 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 | 297,600 | — | ₹3.21 Cr | — |
| TOTAL | 5,799,600 | 100.00% | ₹62.64 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹129,600 |
| Retail (Max) | 13 | 15,600 | ₹1,684,800 |
| sNII (Min) | 14 | 16,800 | ₹1,814,400 |
| bNII (Min) | 68 | 81,600 | ₹8,812,800 |
| Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 2349.73 | 4050.26 | 4060.32 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 453.92 | 868.52 | 96.97 |
| Net Worth | 2084.72 | 1630.80 | 762.28 |
| Total Assets | 5707.55 | 5154.85 | 4062.32 |
| Reserves & Surplus | 897.22 | 443.30 | 287.28 |
| Total Borrowings | 3055.39 | 2924.51 | 2876.60 |