Agarwal Toughened Glass India IPO Allotment Today: Here's How To Check Status And Latest GMP

The initial public offering (IPO) of Agarwal Toughened Glass India Ltd. received a tepid demand from inventors during its three-day subscription period that ended on Monday. The investors are now awaiting the IPO share allotment status to be finalised by the company.

Agarwal Toughened Glass IPO received bids of 3,83,91,600 shares as compared to 38,52,000 shares on offer. The issue was overall subscribed 9.89 times across investor categories, as per market tracking site Chittorgarh.

The Non-institutional investors (NIIs) applied for 1,25,25,600 shares against the 8,25,600 shares set aside for them, subscribing their quota by 15.17 times. 

Retail investors applied for 2,06,24,400 shares as compared to 19,26,000 shares reserved for the segment. The retail portion was booked 10.71 times. 

The Qualified Institutional Buyers (QIBs) booked their quota 4.49 times, bidding for 49,41,600 shares against the 11,00,400 on offer.

The Rs 62.64-crore IPO was entirely a fresh issue of 58 lakh shares. Agarwal Toughened Glass IPO price band was fixed between Rs 105 and Rs 108 per share.

Agarwal Toughened Glass IPO share allotment is expected to be finalised on Dec. 3. The company's shares will be listed on the NSE SME platform, Emerge, on Dec. 5. 

KFin Technologies Ltd. is the registrar for the Agarwal Toughened Glass IPO. Cumulative Capital Pvt. Ltd. is the book running lead manager of the issue.

Investors who bid for the IPO can check its allotment status on the websites of the issue registrar, Kfin Technologies Ltd. and the NSE. 

• Visit the official website of the registrar KFin Technologies here

• Choose any one of the links from the five links available

• Choose Agarwal Toughened Glass India Limited from the list of companies

• Enter your Application Number, Demat account number or PAN

• Enter the details as per your selection

• Clear Captcha

• Click Submit to view the allotment status

• Visit the allotment status check page of the NSE here

• Log in with your username and password. (First-time users need to sign up on NSE to view IPO allotment status)

• Select Agarwal Toughened Glass India Limited from the dropdown menu

• Verify your PAN details

• Enter the IPO application number

• Click Submit to check details

The grey market premium of Agarwal Toughened Glass IPO stood at Rs 6 as of 9:27 p.m. on Dec. 2. The latest GMP indicates a 5.56% gain over the issue price, according to InvestorGain. The estimated listing price based on Agarwal Toughened Glass IPO GMP is expected to be Rs 114 per share at the upper end of the issue price.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

Use of Proceeds

Agarwal Toughened Glass India intends to utilise the funds raised through the public offering to purchase machinery for its current manufacturing unit. A part of the proceeds will also be allocated towards repaying debts, covering incremental working capital needs, and for general corporate purposes.

About Agarwal Toughened Glass India Ltd. 

Agarwal Toughened Glass India Ltd. produces toughened glass, offering a range of thickness and size options for its hardened value-added glass. Its product portfolio includes laminated, frosted, tinted, reflecting, clear and double-glazed toughened glass.  

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.