Agarwal Toughened Glass India Ltd was established in 2009 and specializes in the manufacturing of toughened glass. Its products include shower doors, refrigerator trays, mobile screen protectors, bulletproof glass, and architectural glass. It is a leading supplierofr residential and commercial projects.

GMP (Grey Market Premium)

The current grey market premium (GMP) of the IPO is Rs 9, which is 8.3% higher than the price band.

IPO Size

This is a book-built issue of Rs 62.64 crore, which includes a completely fresh issue of 58 lakh shares.

Price band and investment amount

The price band is Rs 105-108 per share. The minimum lot size is 1200 shares, making the minimum investment amount for retail investors Rs 1,29,600.

Issue Structure

• 50%: For qualified institutional buyers (QIBs)
• 35%: For retail investors
• 15%: For non-institutional investors

financial performance

• FY24 (March 2024): Revenue ₹40.50 crore, PAT ₹8.68 crore.
• H1 FY25 (till September 2024): Revenue ₹23.49 crore, PAT ₹4.53 crore.
• PAT registered a growth of 795.66% between FY23 and FY24.

Use of Funds

• The funds raised from the IPO will be used for the following purposes:
• New machinery for the manufacturing unit.
• Repayment of loan.
• Working capital requirements.
• General corporate expenses.

Allotment and Listing Date

• Share allotment: 3 December 2024
• Listing: December 5, 2024 (NSE SME).

lead manager

The book-running lead manager for this issue is Cumulative Capital Private Limited.

Registrar

Kevin Technologies Limited is the registrar of this IPO.