Agarwal Toughened Glass IPO booked 10x on last day; check allotment and listing date

Agarwal Toughened Glass India Limited IPO was subscribed nearly 10 times on the last day of bidding on Monday, December 2, driven by Non-Institutional Investors (NIIs). The NSE SME issue opened for bidding on November 28.

The investors across categories applied for more than 3.83 crore shares against 38.52 lakh shares on offer, leading to an overall subscription of 9.96 times.

The NIIs showed the highest demand by subscribing to their quota 15.53 times. The NIIs placed bids for 1.28 crore shares against 8.25 lakh shares on offer for the segment. The retail portion of the IPO was booked 10.7 times, with bids for 2.06 crore shares against 19.26 lakh shares on offer for the category. The Qualified Institutional Buyers (QIBs) booked their quota 4.49 times with applications for 49.41 lakh shares against 11 lakh shares on offer.

Agarwal Toughened Glass India IPO details

Agarwal Toughened Glass India IPO was worth ₹62.64 crore. The book-built issue consisted of an entirely fresh 58 lakh shares.

Agarwal Toughened Glass India IPO price band was fixed at ₹105 to ₹108 per share. The minimum lot size for the retail category was fixed at 1,200 shares, which aggregated to an investment of ₹1,29,600.

Agarwal Toughened Glass India IPO share allotment status is likely to be finalised by Tuesday, December 3.

Once the allotment of shares is completed, refunds will be initiated for unsuccessful bidders on Wednesday, December 4, and successful bidders will receive shares of Agarwal Toughened Glass India in their Demat accounts on the same day. Shares of Agarwal Toughened Glass India will be listed on the NSE SME platform on Thursday, December 5.

Agarwal Toughened Glass India IPO registrar

Cumulative Capital Private Limited is the book-running lead manager for the issue. Kfin Technologies Limited is the registrar, and Nikunj Stock Brokers is the market maker.

Agarwal Toughened Glass India IPO: Objective

The company plans to use the funds raised via the public issue to buy machinery for its manufacturing unit. A portion of the funds will also be used to repay borrowings, meet working capital requirements, and for general corporate purposes.

About Agarwal Toughened Glass India Limited

Agarwal Toughened Glass India Limited was incorporated in October 2009. The company makes tempered glass for applications such as shower doors, refrigerator trays, mobile screen protectors, bulletproof glass for diving masks, and a variety of plates and cookware. As of September 30, 2024, the company had 207 employees.