Agarwal Toughened Glass India Ltd

Agarwal Toughened Glass India Ltd IPO

IPO Price Range: ₹105 - 108

We are a company that produces toughened glass by processing several types of glass. We provide a range of thickness and size options for our hardened value-added glasses. Processing the float glass yields the toughened value addition glasses. Following the manufacturing of toughened glass, various types of glasses are produced, including laminated, frosted, tinted, reflecting, clear, and double-glazed toughened glass. Toughened glass is used in many demanding applications because of its strength and safety, such as shower doors, refrigerator trays, mobile screen protectors, bulletproof glass for diving masks, and a variety of plates and cookware. It is also used in architectural glass doors and tables. Toughened glass is also frequently utilized as dividers in buildings housing residential and commercial apartments, hospitals, airports, shopping centers, stairwells, balustrades, and other architectural elements.

Min Investment

₹1,29,600

IPO Size

₹62 Cr

IPO Status

Closed

Quantity in 1 Lot

1200

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Agarwal Toughened Glass India Ltd

Open Date28 Nov 2024
Close Date2 Dec 2024
Allotment Date3 Dec 2024
Listing Date5 Dec 2024

Key Statistics

Bid Opening DateBid Opening Date28 Nov 2024
Bid Closing DateBid Closing Date2 Dec 2024
Allotment DateAllotment Date3 Dec 2024
Issue SizeIssue Size₹62.64Cr
Quantity in 1 lotQuantity in 1 lot1200

Strength and risks

Strength

Strength

  • Continue to invest in infrastructure.

  • Expand our current business relationships.

  • Focus on consistently meeting quality standards.

  • Improving operational efficiencies.

  • Strong brand presence in Indian Market.

  • A combination of experience and expertise.

  • Long Standing Relationship with our customers.

  • Consistent focus on quality.

  • Strong Risk Management.


Risk

Risk

  • The company depends on a few customers of its products, for a significant portion of the companys revenue, and any decrease in revenues or sales from any one of its key customers may adversely affect the companys business and results of operations.

  • The company generally do business with its customers on purchase order basis and does not enter into long term contracts with them. Its inability to maintain relationships with the company customers could have an adverse effect on its business, prospects, results of operations and financial condition.

  • If the company is unable to attract new clients or retain its existing clients or default in payments, the growth of its business and cash flows will be adversely affected.

  • The company is dependent upon few suppliers for the material requirements of its business. Further, the company does not have definitive agreements or fixed terms of trade with most of its suppliers. Failures to successfully leverage its relationships with existing suppliers or to identify new suppliers could adversely affect its business operations.

  • The commercial success of its products depends to a large extent on the success of the products of its end use customers. If the demand for the end use products in which the company products are used as a raw materials declines, it could have a material adverse effect on its business, financial condition and results of operations.

  • Its manufacturing units and the company operations are geographically concentrated in Rajasthan. Consequently, the company is exposed to risks from economic, regulatory and other developments in the region which could have an adverse effect on its business, results of operations and financial condition. Further, its continued operations are critical to the companys business and any shutdown of its manufacturing units may adversely affect the companys business, results of operations and financial condition.

  • The company is dependent on its manufacturing units, and any loss, or shutdown, or under- utilization of the production capacities of its manufacturing units may have an adverse effect on its business, financial condition and results of operations.

  • Manufacturing of glass involve hazardous processes that can cause personal injury and loss of life, severe damage to and destruction of property and equipment, which could result in incurring material liabilities, loss of revenues and increased expenses.

  • The company has experienced growth in the previous years on account of diversified product mix, which may not continue in the future and accordingly, its revenues may decline.

  • The Company is yet to place orders for 100% towards purchase of plant and machinery. Any delay in placing orders or procurement of such plant and machinery may further delay the schedule of implementation and increase the cost of commissioning the manufacturing unit.

Promoters Holding

Investors Holdings %
Anita Agarwal14.42%
Mahesh Kumar Agarwal28.49%
Uma Shankar Agarwal3.73%
Sharda Agarwal37.05%
Sharda Devi Sanwarmal Agarwal6.95%

About Agarwal Toughened Glass India Ltd

OrganisationAgarwal Toughened Glass India Ltd
HeadquartersJaipur
IndustryGlass & Glass Products

Frequently Asked Questions

  • What is the size of the Agarwal Toughened Glass India Ltd IPO?

    The size of the Agarwal Toughened Glass India Ltd IPO is ₹62.64Cr .

  • What is 'pre-apply' for Agarwal Toughened Glass India Ltd IPO?

    'Pre-apply' for Agarwal Toughened Glass India Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Agarwal Toughened Glass India Ltd IPO order be placed?

    Your Agarwal Toughened Glass India Ltd IPO order will be placed on 28 Nov 2024.

  • What are the open and close dates of the Agarwal Toughened Glass India Ltd IPO?

    The open and close dates of the Agarwal Toughened Glass India Ltd IPO are 28 Nov 2024 to 2 Dec 2024.

  • What is the lot size and minimum order quantity of the Agarwal Toughened Glass India Ltd IPO?

    The lot size and minimum order quantity of the Agarwal Toughened Glass India Ltd IPO are 1200 and 1200 respectively.

  • What would be the listing gains on the Agarwal Toughened Glass India Ltd IPO?

    The potential listing gains on the Agarwal Toughened Glass India Ltd IPO will depend on various market factors and cannot be predicted with certainty.