Agarwal Float Glass India Limited, which was founded in 2018, trades in specialty glass products and glassware. As a wholesaler of glass and glass products, the company buys high-quality products from manufacturers and then offers them to clients directly or through sales managers. The business is an essential component of the Agarwal Group. Uma Shankar Agarwal and Mahesh Kumar Agarwal founded the Group in 1997 for the purpose of trading in glass and glass-related items.
The company ships its goods all throughout the nation. Depending on the application, their goods are used in a variety of settings, including offices, hotels, institutions, banks, insurance firms, malls, diplomatic houses, and many more. The product line includes processed glass goods in a variety of thicknesses, different types of value-added glass products, and clear glass. The company not only trades glass but also provides processed glass, such as:
- Toughened glass
- Frosted glass
- Frosted design glass
- Leaguered glass, figure glass
- Heat-strengthened glass
- Insulated glass
- PVB laminated glass
- Bullet-resistant glass and all building glasses
Agarwal Float Glass IPO Details
| IPO Dates | 10 – 15 February 2023 |
| IPO Price | INR 42 per share |
| Fresh issue | 21,90,000 shares (INR 9.20 crore) |
| Offer For Sale | Nil |
| Total IPO size | 21,90,000 shares (INR 9.20 crore) |
| Minimum bid (lot size) | 3,000 shares (INR 1,26,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Agarwal Float Glass IPO Dates
| IPO Opening Date | 10 February 2023 |
| IPO Closing Date | 15 February 2023 |
| Finalisation of Basis of Allotment | 20 February 2023 |
| Initiation of refunds | 21 February 2023 |
| Transfer of shares to demat accounts | 22 February 2023 |
| IPO Listing Date | 23 February 2023 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Agarwal Float Glass Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 32.09 | 31.63 | 42.10 | 23.56 |
| Expenses | 31.84 | 31.54 | 40.76 | 19.98 |
| Net income | 0.09 | 0.25 | 1.02 | 2.68 |
Objects of the Issue:
The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:
- Funding the working capital requirements of the company
- General Corporate Purposes
IPO Prospectus
Company Contact Information
Agarwal Float Glass India Limited
H-1/790, Sitapura Industrial Area Ext.,
Near Fire Bridge Office,
Jaipur – 302 022
Phone: +91 723 004 3211
Email: compliance@agarwafloat.com
Website: http://www.agarwalfloat.com/
IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: afgil.ipo@kfintech.com
Website: https://karisma.kfintech.com/
IPO Lead Manager(s)
- GYR Capital Advisors Limited (Past IPO Performance)
