Agarwal Float Glass India Limited IPO Detail

Incorporated in 2018, Agarwal Float Glass India Limited is engaged in the business of trading of glass and 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:

1. Funding the working capital requirements of the company
2. General Corporate Purposes

Agarwal Float Glass India IPO Details

IPO Date	Feb 10, 2023 to Feb 15, 2023
Listing Date	[.]
Face Value	₹10 per share
Price	₹42 per share
Lot Size	3000 Shares
Issue Size	2,190,000 shares of ₹10 (aggregating up to ₹9.20 Cr)
Fresh Issue	2,190,000 shares of ₹10 (aggregating up to ₹9.20 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