Agarwal Float Glass India
NSE SME₹126,000 / 3000 Shares
Agarwal Float Glass India IPO Details
The Agarwal Float Glass India IPO price band is set between ₹42 per equity share, with a face value of ₹10 per share. The issue is managed by KFin Technologies Limited, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 10 Feb, 2023 and closes on 15 Feb, 2023. Investors can check the allotment status on 20 Feb, 2023, while the listing date is tentatively scheduled for 23 Feb, 2023.
The total issue size is 2,190,000 shares of ₹10, aggregating up to ₹9.20 Cr. Stay tuned for the latest Agarwal Float Glass India IPO review and GMP updates.
Agarwal Float Glass India IPO Review, Rating & Analysis
Agarwal Float Glass India IPO Review
NO REVIEWAgarwal Float Glass India IPO Rating
Agarwal Float Glass India IPO Highlights
IPO Date
Feb 10, 2023 - Feb 15, 2023
Listing Date
23 Feb, 2023
Face Value
₹10 Per Equity Share
Price Band
₹42 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Agarwal Float Glass India IPO Lot Size
The minimum market lot for Agarwal Float Glass India IPO is 3000 shares with an application amount of ₹1,26,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,26,000 |
| Retail (Max) | 1 | 3000 | ₹1,26,000 |
| S-HNI (Min) | 2 | 6000 | ₹2,52,000 |
| S-HNI (Max) | 7 | 21000 | ₹8,82,000 |
| B-HNI (Min) | 8 | 24000 | ₹10,08,000 |
Agarwal Float Glass India IPO Timeline
Issue Price
₹42 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
KFin Technologies LimitedLead Manager
GYR Capital Advisors LimitedIssue Size
2,190,000 shares of ₹10(aggregating up to ₹9.20 Cr)Agarwal Float Glass India IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sep 22 | 2177.31 | 2369.04 | 267.75 | - | - | - |
| 31 Mar 22 | 1761.79 | 4216.91 | 101.68 | - | - | - |
| 31 Mar 21 | 1811.87 | 3188.13 | 24.73 | - | - | - |
| 31 Mar 20 | 1767.31 | 3227.43 | 8.83 | - | - | - |
All values are in ₹ Lakh
Promoters & Share Holding
Promoter(s) Name
- Uma Shankar Agarwal
- Mahesh Kumar Agarwal
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.99% | % |
About Company
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.
Agarwal 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 IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,038,000 | 1,038,000 | 2,076,000 |
Day 1 -10-02-23 06:00 PM | 0.97 x | 0.90 x | 0.94 x |
Day 2 -13-02-23 06:00 PM | 1.23 x | 2.63 x | 1.93 x |
Day 3 -14-02-23 06:00 PM | 1.41 x | 3.52 x | 2.47 x |
Day 4 -15-02-23 06:00 PM | 3.13 x | 7.20 x | 5.16 x |
Frequently Asked Questions about Agarwal Float Glass India IPO
When will Agarwal Float Glass India IPO open for subscription?
The Agarwal Float Glass India IPO opens on 10 Feb, 2023 and closes on 15 Feb, 2023.
What is the investors portion for Agarwal Float Glass India IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 1038000.
How to apply for Agarwal Float Glass India IPO?
You can apply for Agarwal Float Glass India IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Agarwal Float Glass India IPO?
The issue size of Agarwal Float Glass India IPO is approx ₹2,190,000 shares of ₹10(aggregating up to ₹9.20 Cr) crores.
What is the price band of Agarwal Float Glass India IPO?
The price band for Agarwal Float Glass India IPO is ₹42 per equity share to ₹undefined.
What is the lot size of Agarwal Float Glass India IPO?
The minimum bid (lot size) for Agarwal Float Glass India IPO is N/A shares with an investment of approx ₹126,000 .
What is the allotment date of Agarwal Float Glass India IPO?
The allotment date for Agarwal Float Glass India IPO is 20 Feb, 2023.
What is the listing date of Agarwal Float Glass India IPO?
The listing date for Agarwal Float Glass India IPO is expected to be 23 Feb, 2023.
What is the GMP of Agarwal Float Glass India IPO?
The latest Grey Market Premium (GMP) for Agarwal Float Glass India IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.