Unlisted shares of Agarwal Toughened Glass India Ltd were trading at Rs 7 apiece in the grey market on Monday, which was a huge Rs 7 or 6.48 per cent above the issue price of Rs 226 per share.
Read More:-Stock Market Updates: Sensex Down Over 450 Points, Nifty Tests 24,000; Ola Electric Drops 5%
Agarwal Toughened Glass India IPO: The initial public offering of Agarwal Toughened Glass India Ltd is going to be closed on Monday. The price band of the IPO has been fixed at Rs 105 to Rs 108 per share. Till 11:36 am on the final day of bidding on Monday, the Rs 99.07-crore SME IPO received bids for 76,38,000 shares as compared with the 38,52,000 shares on offer.
The IPO was opened on November 28. Its price band has been fixed in the range of Rs 105 to Rs 108 apiece.
Read More:- Stocks To Watch: Tata Motors, Cipla, Religare, ONGC, Cochin Shipyard, And Others
So far, the retail investors’ category received a 3.43 times subscription, while the non-institutional investors (NII) portion got subscribed by 1.23 times. The QIB category received a 0.01 times subscription.
Agarwal Toughened Glass India IPO GMP Today
According to market observers, unlisted shares of Agarwal Toughened Glass India Ltd were trading at Rs 7 apiece in the grey market on Monday, which was a huge Rs 7 or 6.48 per cent above the issue price of Rs 226 per share. The huge 6.48% GMP indicates a flat listing of the IPO.
Read More:- Wipro Enterprises’ Revenue Rises 10% To Rs 16,902 Crore In FY24, Profit Jumps 35%
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Agarwal Toughened Glass India IPO: More Details
The Agarwal Toughened Glass India IPO is entirely a fresh issue of 58 lakh shares.
The IPO will be closed today December 2, 2024. The allotment for the Agarwal Toughened Glass India IPO is expected to be finalised on Tuesday, December 3, 2024. Agarwal Toughened Glass India IPO will list on NSE SME with tentative listing date fixed as Thursday, December 5, 2024.
Read More: Nisus Finance Services IPO to open on Dec 4; eyes Rs 114 crore
The price band of the Agarwal Toughened Glass India IPO has been fixed at Rs 105 to Rs 108 per share. The minimum lot size for an application is 1,200 shares. The minimum amount of investment required by retail investors is Rs 1,29,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to Rs 2,59,200.
Agarwal Toughened Glass India Limited, which was incorporated in October 2009, manufactures tempered glasses.
Read More: Stock market holidays in December: NSE BSE to remain closed on this day
Agarwal Toughened Glass India’s revenue decreased by 0.25 per cent and profit after tax (PAT) rose by 795.66 per cent in the financial year 2023-24.
Cumulative Capital Private Limited is the book running lead manager of the Agarwal Toughened Glass India IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Agarwal Toughened Glass India IPO is Nikunj Stock Brokers.
