Agarwal Float Glass India Limited IPO

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(i) Agrawal Float Glass India Limited was incorporated on May 3, 2018, as ‘Agarwal Float Glass India Private Limited’, a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated May 3, 2018, issued by the Deputy Registrar of Companies, Central Registration Centre, National Capital Territory of Delhi on behalf of the Registrar of Companies, Jaipur.

(ii) Company is engaged in the business of trading of glass and specialized glass products by procuring quality products from manufacturers and selling it either through our sales managers or directly to our customers, as a wholesaler of glass and glass products.

(iii) Valued customers of the company are spread across the country and work across varied industry segments such as, office buildings, hotels, institutions, banks, insurance companies, shopping malls, diplomatic residences.

(iv) Product portfolio largely consists of clear glass, different kinds of value-added glass products and processed glass products.

 Competitive Strength:

(i) Experienced Promoters and a well-trained employee base.

(ii) Strong Balance Sheet and Financial Condition.

(iii) Existing client and supplier relationships.

 

 

 

Objects of the Agarwal Float Glass India Limited IPO:

The Company proposes to utilize the funds which are being raised through this Issue towards the following objects: i. Funding the working capital requirements of the company ii. General Corporate Purposes  
DRHP of Agarwal Float Glass India Limited IPO
RHP of Agarwal Float Glass India Limited IPO

Agarwal Float Glass India Limited IPO Details:

Open Date: Feb 10 2023
Close Date: Feb 15 2023
Total Shares: 2,190,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 9.20 Cr.
Lot Size: 3000 Shares
Issue Price: ₹ 42 Per Equity Share
Listing At: NSE Emerge
Listing Date: Feb 21 2023

Promoters And Management:

Uma Shankar Agarwal, aged 48 years, is the Chairman, Managing Director and the Promoter of the Company. He has passed the examination conducted by Ranchi University for the degree course of bachelor’s degree in commerce. He has more than two decades of experience in the glass industry. He is the co-founder of other ventures such as “Agarwal Glass House” and is also a director on the board of directors of Agarwal Toughened Glass India Private Limited. He been associated with the Company since its inception. Mahesh Kumar Agarwal, aged 45 years, is the Executive Director and the Promoter of the Company. He has basic education and has passed the secondary school examination from Bihar School Examination Board, Patna. He is a director on the board of directors of Agarwal Toughened Glass India Private Limited and Agarwal Fortune India Limited and is a partner in the partnership firm, under the name M/s. Mukesh Kumar Agarwal. He has more than two decades of experience in the glass industry and has been associated with our Company since its inception. Sharda Agarwal, aged 40 years, is a Non-Executive Director the Company. She has passed the examination conducted by University of Rajasthan for the degree course of bachelor’s degree in arts. She is the co-founder of other ventures such as “Agarwal Glass House” and “Hardik PVC” She is a director on the board of directors of Agarwal Fortune India Limited and has more than a decade of experience in the glass industry.

Financials of Agarwal Float Glass India Limited IPO:

Particulars (In Lakhs) 2022 2021 2020
Revenue From Operation 4,210 3,163 3,209
Purchase of stock-in-Trade 3,935 3,048 3,592
Change In Inventories -49 -95 -612
Employees Benefit Expenses 43 38 36
Other Expenses 47 45 41
EBITDA 234 127 152
OPM% 5.56% 4.02% 4.74%
Other Income 7 25 19
Depreciation 6 6 14
Finance Cost 94 112 113
PBT 141 34 44
Exceptional Items - - 15
Tax 39 10 20
PAT 102 24 -5
No. Of Shares 20.21 20.21 20.21
EPS 5.05 1.19 -0.25

Comparison With Peers:

There is no listed company with similar business model.  

Lead Manager of Agarwal Float Glass India Limited IPO:

  1. GYR CAPITAL ADVISORS PRIVATE LIMITED

Registrar of Agarwal Float Glass India Limited IPO:

  1. Kfin Technology Private Limited

Company Address:

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/  

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