Agarwal Toughened Glass India Limited is scheduled to list its shares on NSE SME tomorrow, December 5, 2024, marking an important step in the company’s journey. The Agarwal Toughened Glass India IPO closed its subscription period on December 2, 2024, and the allotment was finalized on December 3, 2024. Here's everything you need to know about the IPO and its upcoming listing:

Agarwal Toughened Glass IPO Allotment Details

• Price Band: ₹105 to ₹108 per equity share.
• Market Capitalization at ₹108 per share: ₹190.88 Crores.
• Lot Size: 1,200 shares.
• Retail Minimum Investment: ₹1,29,600 (1,200 shares).

The IPO was subscribed 9.25 times on its final day, showcasing strong demand for the company's shares. The Grey Market Premium (GMP) of the IPO is reported to be ₹0, indicating a neutral sentiment in the grey market.

How to Check Your Allotment Status

The IPO allotment results have been finalized, and investors can now check whether they have been allotted shares. To do so, follow these steps:

1. Visit the KFIN Technologies registrar website.
2. Choose Agarwal Toughened Glass India Limited IPO from the dropdown.
3. Enter your Application Number, PAN, or DP Client ID.
4. Submit the details to view your allotment status.

IPO Proceeds Utilization

The Agarwal Toughened Glass India IPO raised ₹62.63 Crores through a Fresh Issue of 57.99 Lakh Shares. The proceeds will be used for the following objectives:

• ₹966.81 Lakhs for purchasing machinery at the existing manufacturing unit.
• ₹600.00 Lakhs for the repayment of certain borrowings.
• ₹2,500.00 Lakhs to meet incremental working capital requirements.
• The remaining funds will be used for General Corporate Expenses.

Agarwal Toughened Glass IPO Subscription Details

The Agarwal Toughened Glass IPO opened on November 28, 2024, and closed on December 2, 2024. It was subscribed 9.25 times on its final day, reflecting investor confidence in the company. Anchor Investors also participated in the IPO, raising ₹17.82 Crores at ₹108 per share. 16,50,000 equity shares were allocated to the anchor investors.

IPO Listing Date and Market Maker

The shares of Agarwal Toughened Glass India Limited are set to be listed on the NSE SME on December 5, 2024. The Market Maker for the IPO is Nikunj Stock Brokers Limited, providing liquidity and ensuring smooth trading post-listing.

With strong demand indicated by the subscription status and the Grey Market Premium (GMP) of ₹0, investors can look forward to the company’s listing tomorrow, December 5, 2024. The Agarwal Toughened Glass India IPO offers promising investment opportunities, especially with its well-utilized proceeds plan for growth and development.