Agarwal Float Glass IPO: GMP, Price, Size & Dates

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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 
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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: 

  1. Funding the working capital requirements of the company 
  1. 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

IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000

IPO Lead Manager(s)

  1. GYR Capital Advisors Limited (Past IPO Performance)


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