Agarwal Float Glass India Limited

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Agarwal Float Glass India Limited

Agarwal Float Glass India Limited, founded in 2018, is a glass trading company that sells glass products worldwide. As a distributor of glass products, they buy high-quality products from manufacturers and sell them to customers directly or through a sales manager. Their suppliers include Asahi India Glass Limited, Saint-Gobain India Private Limited, Gujarat Guardian Limited, Gold Plus Glass Industry Limited, and Sisecam Flat Glass India Private Limited.

This company plays a key role in the Agarwal Group. The group was founded in 1997 by Mahesh Kumar Agarwal, and Uma Shankar Agarwal in order to trade in glass and glass products.

The company’s products are served across the country. Their products are used in various areas like hotels, institutions, buildings, shopping, shopping malls, banks, etc.

Agarwal Float Glass Limited also offers processed glass, including:

  • Frosted Glass
  • Toughened Glass
  • Insulated Glass
  • Figure Glass
  • Bullet-resistant Glass
  • Insulated Glass

Purpose of the IPO

  • To fulfill the working capital requirements
  • To meet general organization expenses

 

Consolidated Company Financials (Amount in lakhs)

Period Ended

Total Assets

Total Borrowing

Total Revenue

Net Worth

31-Mar-21

1811.87

1175.30

3188.13

226.02

31-Mar-22

1761.79

1141.78

4216.91

327.68

30-Sep-22

2177.31

1167.91

2369.04

595.43

 

IPO Details

Opening Date

Feb 10, 2023

Closing Date

Feb 15, 2023

Face Value

Rs.10 each share

Price

Rs.42 each share

Listing Date

Feb 23, 2023

Issue Size

2,190,000 shares

(up to Rs. 9.20 crore)

 

Fresh Issue

2,190,000 shares

(up to Rs. 9.20 crore)

 

Listing At

NSE SME

 

 

 

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