Agarwal Toughened Glass India Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Agarwal Toughene

CMP

142.05

+0.30 (0.21%)

  • DRHP
₹108

Offer Price

₹ 62.64 Cr

Issue Size

₹ 1,29,600

Min Investment

1,200

Lot size

Time Line

  • 28
    Nov 2024
    Open
  • 02
    Dec 2024
    Close
  • 03
    Dec 2024
    Finalisation of Basis of Allotment
  • 04
    Dec 2024
    Initiation of Refunds
  • 04
    Dec 2024
    Transfer of Shares to Demat Account
  • 05
    Dec 2024
    Listing Date

Objects of the Offer

  • Continue to invest in infrastructure.

  • Expand our current business relationships.

  • Focus on consistently meeting quality standards.

  • Improving operational efficiencies.

Strengths

  • 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.

Risks

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

Company Promoters

Promoters Holding

Issue For IPO
31.22%
Pre Holding

95.16%

Post Holding

63.94%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2024 3-Yr trend
Revenue 33.41 (-) 39.95 (19.60%) 38.33 (-4.10%)
Gross Profit 2.70 (-) 3.08 (14.10%) 13.16 (327.30%)
Net Income 0.50 (-) 0.97 (94.00%) 8.69 (795.90%)
Assets 33.71 (-) 37.72 (11.90%) 45.78 (21.40%)
Liabilities 27.06 (-) 30.10 (11.20%) 29.47 (-2.10%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Sejal Glass Ltd 163.80 3.31 230.40 230.40 111.05 3.27 3.30 1.43 47.18
Borosil Ltd 942.25 65.87 1,079.60 1,079.60 11.35 5.75 50.62 6.10 0.27

Book Running Managers

  • Cumulative Capital Pvt Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

F 2264 RIICO Industrial Area,
Ramchandrapura Sitapura (Ext),
Jaipur - 302022
Phone : +91 72300 43212 Email : cs_complianceofficer@agarwaltuff.com www.agarwaltuff.com

Offer Related Information

Initial public offer of 57,99,600 equity shares of face value of Rs. 10/- each ("Equity Shares") of the company at an issue price of Rs. 108/- per equity share (including a share premium of Rs. 98/- per equity share) for cash, aggregating to Rs. 62.64 crores ("Public Issue") out of which 2,97,600 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 108/- per equity share for cash, aggregating to Rs. 3.21 crores was reserved for subscription by the market maker to the issue... More

Agarwal Toughene FAQ's

The shares of Agarwal Toughene were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Agarwal Toughene IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Agarwal Toughene public issue was 125 shares.

The price band of the IPO of Agarwal Toughene was Rs. 114 to Rs. 120 per equity share.

Agarwal Toughene IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Agarwal Toughene IPO.

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