Agarwal Float Glass India Limited

Company Profile
Company Name Agarwal Float Glass India Limited
Open Date 10-02-2023
Close Date 15-02-2023
Exchange NSE SME
Lot Size 3000 Shares
Issue Price ₹ 42 per share
Issue Size 21,90,000 Equity Shares
Application Amount ₹ 1,26,000
Recommendation Neutral
Agarwal Float Glass India Limited was incorporated on May 3, 2018 as ‘Agarwal Float Glass India Private Limited’ in Jaipur, Rajasthan. Company forms a part of the Agarwal Group which has a legacy of more than two decades. Company is engaged in the business of trading of glass and specialised glass products by procuring quality products from manufacturers and selling it either through the sales managers or directly to the customers, as a wholesaler of glass and glass products. Company’s work is spread across varied industry segments. Company is highly dependent upon suppliers and distributors, namely Saint-Gobain India Private Limited, Sisecam Flat Glass India Private Limited, Gold Plus Glass Industry Limited, Asahi India Glass Limited and Gujarat Guardian Limited. Company also trades a range of value-added glass products including clear frosted glass, clear sheet glass, mirror, tinted glass, reflective glass etc
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Summary of Financials (All financials in lakhs)

For the Period Ended Sept-22 Mar-22 Mar-21
Total Assets 2,177.31 1,761.79 1811.87
Net Assets 595.43 327.68 226.02
Total Borrowings 1,167.91 1,141.78 1,175.30
Total Revenue 2,369.04 4,216.91 3,188.13
Profit After Tax 267.75 101.68 24.73

Tentative Timeline

Opening Date 10-02-2023
Closing Date 15-02-2023
Basis of Allotment 20-02-2023
Initiation of Refunds 21-02-2023
Credit of Shares to Demat 22-02-2023
Listing Date 23-02-2023

Objects of the Issue

Funding the working capital requirements of the company
General Corporate Purposes

Contact Information

Registered Office Agarwal Float Glass India Limited H-1/790, Sitapura Industrial Area Ext., Near Fire Bridge Office, Jaipur - 302 022
Phone 723 004 3211

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000

IPO Reservation

Market Maker Shares Offered 1,14,000 (5.21%)
Other Shares Offered 10,38,000 (47.40%)
Retail Shares Offered 10,38,000 (47.40%)
Total Shares Offered 21,90,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 99.99%
Share Holding Post Issue (Promoters) 69.77%

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