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14 Nov 2024
Agarwal Float Glass India Limited IPO Date, Allotment, and All Details
Agarwal Float Glass India Limited
Agarwal Float Glass India Limited, which was founded in 2018, trades in speciality glass products and glassware. As a wholesaler of glass and glass products, the company buys high-quality products from manufacturers and then offers them to clients directly or through sales managers.
The business is an essential component of the Agarwal Group. Uma Shankar Agarwal and Mahesh Kumar Agarwal founded the Group in 1997 for the purpose of trading in glass and glass-related items.
Agarwal Float Glass India ships its goods all throughout the nation. Depending on the application, their goods are used in a variety of settings, including offices, hotels, institutions, banks, insurance firms, malls, diplomatic houses, and many more. The product line includes processed glass goods in a variety of thicknesses, different types of value-added glass products, and clear glass.
The company not only trades glass but also provides processed glass, such as:
- 1. Toughened glass
- 2. Frosted glass
- 3. Frosted design glass
- 4. Leaguered glass, figure glass
- 5. Heat-strengthened glass
- 6. Insulated glass
- 7. PVB laminated glass
- 8. Bullet-resistant glass and all building glasses
Lead Reclaim and Rubber Products Limited(IPO Details)
Agarwal Float Glass India Limited is incredibly reliant on distributors and suppliers. Among these vendors are Gujarat Guardian Limited, Saint-Gobain India Private Limited, Sisecam Flat Glass India Private Limited, Gold Plus Glass Industry Limited, and Asahi India Glass Limited.
The business is able to produce high-quality items and meet consumer demands because to solid associations.
Objects of the Issue
The following are the intended uses for the cash obtained through this Issue, according to the Company:
- 1. Financing the company's need for working capital
- 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. |
| Company Promoters | Baldevbhai Patel, Jayeshkumar Patel, Kalpesh Patel,
Rekhaben Patel, Sadhana Patel and Diksha Patel are the promoters of the company |
Lead Reclaim focuses highly on:
Recycling helps save vital natural resources, and using our recycled rubber products helps our customers achieve their circularity goals. The company's product variety enables it to meet the needs of various consumers. Their product line includes different grades, thicknesses, widths, and standards of butyl recycled rubber, natural reclaimed rubber, and complete tyre reclaimed rubber.
To give its services to OEMs, Tier I automotive manufacturing businesses, distributors, and dealers, Lead Reclaim and Rubber Products.
Goals To Be Achieved Through IPO
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- 1. Funding our need for working capital;
- 2. Purchase of equipment to upgrade our manufacturing facility
- 3. Overall company objectives
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