Agarwal Toughened Glass India IPO

About Agarwal Toughened Glass India IPO

Agarwal Toughened Glass India Limited, incorporated with the vision of becoming a recognized manufacturer of toughened glass, began its journey with the acquisition of land from RIICO in 2010. The company spent the next few years securing the necessary approvals and setting up its factory, laying the foundation for a state-of-the-art manufacturing facility. Between 2014 and 2015, Agarwal Toughened Glass ordered machinery and commenced the construction and installation of plant equipment. By 2015-2016, the company started testing its plant units, marking the culmination of years of preparation and planning to bring their vision to life. During this period, the company also engaged in glass trading, as shown in its financial records.

The company specializes in producing toughened glass, a product known for its strength, safety, and versatility in various demanding applications. Agarwal Toughened Glass offers a range of processed, value-added glasses, including laminated, frosted, tinted, reflecting, clear, and double-glazed toughened glass. The production process involves processing float glass to create toughened glass, which is used in diverse industries such as construction, automotive, and industrial sectors. Toughened glass is commonly used in applications like shower doors, mobile screen protectors, refrigerator trays, bulletproof glass for diving masks, as well as architectural elements like glass doors, tables, and partitions in commercial and residential buildings.

By adhering to these stringent quality benchmarks, Agarwal Toughened Glass ensures that its products are reliable and safe for use in various applications, ranging from residential and commercial buildings to specialized sectors like healthcare, airports, and shopping centers. Their product range caters to a variety of clients, including office buildings, hotels, institutions, banks, and diplomatic residences across India.

Agarwal Toughened Glass receives orders both directly from clients and through its experienced sales and marketing team, which has a deep understanding of the glass industry. The company’s manufacturing process is tailored to meet the specific requirements of its clients, with variations in glass size, thickness, and quality depending on the application. The company’s efficient production system ensures timely delivery of high-quality glass products, further solidifying its position as a trusted supplier within the domestic market.

Agarwal Toughened Glass India Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives

1) Purchase of machinery at our existing manufacturing unit.

2) Repayment of certain Borrowings.

3) To meet incremental working capital requirements.

4) General Corporate Expenses.