Agarwal Toughened Glass India IPO

Company Details

Agarwal Toughened Glass India Limited is in the business of manufacturing toughened glass. Their product portfolio consists of toughened value addition glasses which are of various thickness and sizes.

 

Their company is manufacturing various types of toughened glasses as per the quality standards as prescribed by Bureau of Indian Standard (BIS) for using ISI mark. Their ISO 9001:2015 certification has made their Quality Management System comparable with the best in the world. All their products are sold in within India only. Their products are being used by various segment viz., office buildings, hotels, institutions, banks, insurance companies, shopping malls, diplomatic residences, etc. Their products cater to a range of end use industries including construction, automotive, and industrial sectors, with a variety of applications such as exterior and interior spaces of residential and commercial buildings.

Their company is procuring orders either through direct clients or through their well experienced sales and marketing team who have the experience in glass industry. Their process time for manufacturing value-added glass and processed glass, will depend upon the size, thickness, quantity and quality of glasses selected by their client. Their Company processes a range of toughened glasses that meet the quality criteria set by the Bureau of Indian criteria (BIS) to be used with the ISI label. They can now compare their Quality Management System to the best in the world thanks to their ISO 9001:2015 certification. They only sell their products within India catering to segments such as office buildings, hotels, institutions, banks, insurance firms, shopping centers, diplomatic homes, etc..

Their products are used in a multitude of applications, including as the exterior and interior spaces of residential and commercial structures, and cater to a variety of end use industries, including the construction, automotive, and industrial sectors. The size, thickness, quantity, and quality of the glasses that their client chooses will determine how long it takes us to manufacture processed & value-added glass.

 

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  • Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
  • Click on the Current IPO tab and select the IPO of your choice.
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  • Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
  • Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
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  • Log in to your UPI app and go to the pending mandates section.
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Note: The actual amount will be debited when the shares are allotted to you.

How to apply for an IPO on the Mirae Asset Sharekhan app

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  • Log in to the Mirae Asset Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
  • From the list of Active IPOs, select the IPO of your choice
  • On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
  • Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
  • Recheck the details on the order confirmation screen and confirm the order.
  • Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
  • Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
  • Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
  • Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

Why trade in Futures and Options?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).

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