Incorporated in 2018, Agarwal Float Glass India Limited is engaged in the business ofĀ trading of glassĀ andĀ specialized glass products. The company procures quality products from manufacturers and thereafter sells the same through the sales managers or directly to customers, as a wholesaler of glass and glass products.
The company is a crucial part of the Agarwal Group. The Group was set up by Uma Shankar Agarwal and Mahesh Kumar Agarwal in 1997 for trading ;in glass and glass products.
The products of Agarwal Float Glass India are delivered across the country. Their products are utilized in varied areas like office buildings, hotels, institutions, banks, insurance companies, shopping malls, diplomatic residences, and many others as per suitability. The product portfolio ranges between clear glass, different kinds of value-added glass products and processed glass products, of varying thicknesses.
Alongside trading of glass, the entity also offers processed glass including:
- Toughened glass
- Frosted glass
- Frosted design glass
- Leaguered glass, figure glass
- Heat-strengthened glass
- Insulated glass
- PVB laminated glass
- Bullet-resistant glass and all building glasses
Agarwal Float Glass India Limited is highly dependent on suppliers and distributors. These suppliers include Saint-Gobain India Private Limited, Sisecam Flat Glass India Private Limited, Gold Plus Glass Industry Limited, Asahi India Glass Limited, and Gujarat Guardian Limited. With the help of strong associations, the company is able to deliver high quality products and satisfy the requirements of its customers.
Objects of the Issue
The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:
- Funding the working capital requirements of the company
- General Corporate Purposes
Agarwal Float Glass India IPO Details
| IPO Date | Feb 10, 2023 to Feb 15, 2023 |
| Listing Date | [.] |
| Face Value | ā¹10 per share |
| Price | ā¹42 per share |
| Lot Size | 3000 Shares |
| Issue Size | 2,190,000 shares of ā¹10 (aggregating up to ā¹9.20 Cr) |
| Fresh Issue | 2,190,000 shares of ā¹10 (aggregating up to ā¹9.20 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker | SMC GLOBAL SECURITIES LTD. |
| Company Promoters | Uma Shankar Agarwal and Mahesh Kumar Agarwal are the Promoters of the company. |
Source: www.chittorgarh.com
