Agarwal Float Glass India Ltd - IPO

Agarwal Float Glass India Ltd IPO Details

Public issue of up to 21,90,000 equity shares of face value Rs. 10 each (Equity Shares) of Agarwal Float Glass India Limited (the Company or the Issuer) for cash at a price of Rs. 42 per equity share (including a securities premium of Rs. 32 per equity share) (the Issue Price), aggregating to Rs. 9.20 crores (Issue) of the issue, 1,14,000 equity shares aggregating to Rs. 0.48 crores is reserved for subscription by market maker (Market Maker Reservation Portion.). The issue less the market maker reservation portion i.e. issue of 20,76,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 42 per equity share aggregating to Rs. 8.72 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 30.23% and 28.66%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10/- and the issue price is 4.2 times of the face value.Bids can be made for a minimum of 3000 equity shares and in multiples of 3000 equity shares thereafter.

Objective of issue

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

Agarwal Float Glass India Ltd Contact Details

Agarwal Float Glass India Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - compliance@agarwalfloat.com

Website - www.agarwalfloat.com