Agarwal Toughened Glass SME IPO To Hit Dalal Street on Nov 28

Agarwal Toughened Glass India Limited, established in 2009, specializes in the manufacturing of toughened glass and processes different kinds of glass. In addition to toughened glass, the company produces a range of glass products, including laminated, frosted, tinted, reflective, clear, and double-glazed options. These products are utilized in items such as shower doors, refrigerator shelves, mobile screen protectors, bulletproof glass for diving masks, and various types of cookware and plates. Additionally, its tempered glass is frequently employed for architectural applications, including doors and tables, as well as partitions in residential and commercial properties, hospitals, airports, shopping centers, staircases, balustrades, and other architectural features.

Agarwal Toughened Glass India IPO

The Agarwal Toughened Glass India IPO is a book-built offering amounting to Rs 62.64 crores. This IPO consists solely of a fresh issue of 58 lakh shares. Subscriptions for the Agarwal Toughened Glass India IPO will be open from November 28, 2024, to December 2, 2024. The allocation for the IPO is anticipated to be concluded on Tuesday, December 3, 2024. The IPO is set to be listed on the NSE SME with a provisional listing date scheduled for Thursday, December 5, 2024.

Price band for IPO

The price range for the Agarwal Toughened Glass India IPO has been established between Rs. 105 and Rs. 108 per share. Retail investors must apply for a minimum lot size of 1,200 shares, which requires an investment of at least Rs. 129,600. For high-net-worth individuals (HNI), the minimum investment involves 2 lots (2,400 shares), totalling Rs. 259,200.

The company plans to use the net proceeds from the issuance for several purposes, such as acquiring equipment for its current manufacturing facility, repaying specific debts, addressing additional working capital needs, and handling general corporate expenses.

Objective 

The company plans to use the net proceeds from the issuance for various purposes, such as acquiring machinery for its current manufacturing facility, repaying specific loans, addressing additional working capital needs, and covering general corporate costs.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.