Agarwal Toughened Glass India Limited
IPO Details
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Lot Distribution
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Company Fin.
₹32(29.63%)
Premium (ELP)
Agarwal Toughened Glass India Limited's successfully transitioned to public market status with its listing on NSE on Dec 05, 2024. The IPO mobilized 57,99,600 Shares in cumulative capital, including 57,99,600 Shares for corporate expansion.
The public offering was conducted within the price parameters of ₹105 to ₹108, with minimum investment lots of 1200 shares. subscription activity between Nov 28, 2024 and Dec 02, 2024 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Dec 03, 2024, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
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.
Agarwal Toughened Glass India Limited, incorporated in 2009, is engaged in the manufacturing and processing of toughened glass, offering a wide range of products such as laminated, frosted, tinted, reflective, clear, and double-glazed glass for multiple applications. Its glass products are used across several industries and end-uses including shower doors, refrigerator trays, mobile screen protectors, bulletproof glass, diving masks, cookware, furniture, and architectural components in residential and commercial buildings, airports, hospitals, malls, and other infrastructure spaces. As of September 30, 2024, the company employed 207 personnel across various departments to support its operational activities.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Brand Presence: Established and trusted brand in the Indian toughened glass market since 2009, known for quality and durability.
- Experience and Expertise:Demonstrated manufacturing excellence across multiple glass types and applications, supported by years of industry expertise.
- Customer Loyalty:Long-standing and repeat clientele, reflecting high customer satisfaction driven by consistent quality and reliable service.
- Revenue Concentration:Heavy dependence on a few key customers for a major share of revenue makes the business vulnerable if any customer reduces or discontinues purchases.
- Lack of Long-Term Contracts:Operating primarily on purchase orders rather than long-term agreements increases uncertainty and exposes the company to fluctuating demand.
- Client Retention Challenges: Difficulty in attracting new clients, retaining current ones, or managing delayed payments and defaults could adversely affect growth, cash flow, and overall business stability.
- Anita Agarwal
- Mahesh Kumar Agarwal
- Uma Shankar Agarwal
- Sharda Agarwal
Agarwal Toughened Glass India Limited
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