A G Universal Ltd. trades in a variety of industrial MS Tubes, GI Pipes, and Hollow Sections. Initially incorporated as Akshata Polymer Private Ltd. the company’s name was later changed to A. G. Universal Ltd. It is a supplier and manufacturer of various pipes for industrial, commercial, and residential usage.
A G Universal caters to customers like Surya Roshni Limited, Jindal Supreme (India) Private Limited, Swastik Pipe Limited, Ravindra Tubes Private Limited, SKS Ispat & Power Ltd, etc. It offers a diversified product suite that includes TMT high-strength reinforced bars, Hot & cold rolled stripes and sheets, MA pipes, Hollow section pipes, ePVC pipes and settings, and uPVC plumbing pipes and settings.
Details of A G Universal Ltd. IPO
A G Universal seeks to raise funds of Rs.8.72 crore through the IPO route that will open on April 11, 2022. A G Universal IPO is a fixed issue IPO with a price fixed at Rs. 60 per share. Investors can apply for one lot with 2000 shares.
The bidding window will remain open for two days until April 13, 2023, and the IPO will list on NSE SME.
A G Universal Ltd. IPO Objective
The company proposes to utilise the net proceeds received from the fresh issues for the following.
- To meet working capital requirements
- General corporate purposes
Should you invest in A G Universal Ltd.?
- The company trades in a diversified product suite that includes tubes and pipes used for industrial, commercial, and residential projects.
- Recently, the company has significantly augmented its bottom line.
- The company is managed by an experienced promoter’s group benefiting from its network in the trading community.
A G Universal Ltd. Noteworthy highlights
- The company caters only to domestic customers.
- During the period ending on November 30, 2022, the company generated 92.61% revenue from its top 10 customers.
A G Universal Company Financials
| Particulars | Year ending on November 30, 2022 | Year ending on March 31, 2021 |
|---|---|---|
| Revenue from Operations | 345,542, 713 | 704,613, 103 |
| Profit After Tax (PAT) | 11,429,044 | 7,088,805 |
| EPS | 5.07 | 19.18 |
| As at November 30, 2022 | As at March 31, 2022 | |
| Current Asset | 264,293,914 | 185,648,062 |
| Current Liability | 264,293,914 | 185,648,062 |
Know before investing
Strengths
3The company benefits from the experience and network of the promoters.
A G Universal primarily engages in the trading of pipes and is not exposed to the risks associated with manufacturing.
It has a steady and repetitive client base.
Risks
3The company operates in a domain which is highly fragmented.
A sudden boost in the bottom line in the period ending in November 2022 has raised many eyebrows.
The issue is aggressively priced. It is suitable for experienced investors with knowledge of the sector.
