Agarwal Toughened Glass subscribed overall 9.89 times on the last day, while a retail quota was subscribed 10.71 times, QIB was subscribed 4.49 times, and NII was subscribed over 15.17 times respectively.
Details About Agarwal Toughened Glass IPO
Agarwal Toughened Glass got approval from SEBI for an IPO of ₹62.64 crores to raise funds and maintain financial stability. This IPO was entirely a fresh issue of ₹62.64 crores with a face value of ₹10 each. Moreover, the company has set up a price band between ₹105 to ₹108 per share. In this IPO total of 1200 shares were available in 1 lot size for the minimum Retail category and maximum as well. While S- HNI total of 2,400 shares in 2 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹129,600.
- SHNI (S-HNI): Minimum investment of ₹259,200.
Subscription duration of Agarwal Toughened Glass IPO
The IPO started on November 28 and closed on December 2. The Agarwal Toughened Glass IPO allotment date was on December 3 and they received a refund on December 4, 2024.
Funds Deployment of This IPO
- Purchase machinery at the existing manufacturing unit.
- Repayment of certain Borrowings.
- To meet incremental working capital requirements and
- General Corporate Expenses.
About Agarwal Toughened Glass Company
Incorporated in 2009, Agarwal Toughened Glass India Limited is a high-technology company specializing in manufacturing toughened glass. They have offered advanced material and high-performance reflective glasses for more than 25 years now. Their services feature a range of toughened glasses in different sizes and thicknesses. These include clear, laminated, reflective, tinted, double-glazing, and frosted toughened glasses, known for their extreme safety and strength. Because of their incredible strength, their toughened glasses are used in various demanding applications like passenger vehicle windows, shower doors, architectural glass doors and tables, refrigerator trays, mobile screen protectors, bulletproof glass for diving masks, various types of plates and cookware, etc. Moreover, their toughened glasses are also ideal for spaces like shopping malls, doors, facades, staircases, balustrades, hospitals, airports, residential apartments, commercial apartment buildings, etc offering durability and versatile design. Agarwal Toughened Glass Limited experienced revenue of 4,050.26 lakhs, while its profit after tax (PAT) saw an impressive surge of 795.66% between the financial years ending March 31, 2023, and March 31, 2024.
Agarwal Toughened Glass Company’s Financial Background
The company reported revenue of ₹40.50 crore in 2024 against ₹40.60 crore in 2023. The company reported a profit of ₹8.69 crores in 2024 against a Profit of ₹0.97 crores in 2023.
