Agarwal Float Glass India Limited
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Agarwal Float Glass India Limited's completed its IPO journey with a successful listing on NSE on Feb 23, 2023. The public offering mobilized 21,90,000 Shares in total capital, comprising 21,90,000 Shares in fresh equity.
The offering was conducted within the price band of ₹42 to ₹42, with minimum application lots of 3000 shares. Investor participation during the Feb 10, 2023 to Feb 15, 2023 subscription window determined the final allocation pattern.
The basis of allotment was announced on Feb 21, 2023, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2018, Agarwal Float Glass India Limited is engaged in trading glass and specialized glass products. As a wholesaler, the company procures high-quality products from manufacturers and sells them directly to customers or through sales managers. Part of the Agarwal Group, established in 1997 by Uma Shankar Agarwal and Mahesh Kumar Agarwal, the company delivers glass products across India for use in office buildings, hotels, institutions, banks, malls, and diplomatic residences. Its portfolio includes clear glass, value-added glass, and processed glass of varying thicknesses, such as toughened, frosted, figure, heat-strengthened, insulated, PVB laminated, and bullet-resistant glass. Agarwal Float Glass works closely with suppliers like Saint-Gobain India, Sisecam Flat Glass, Gold Plus Glass, Asahi India Glass, and Gujarat Guardian to ensure high-quality products and meet customer requirements.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Uma Shankar Agarwal
- Mahesh Kumar Agarwal
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