Agarwal Toughened Glass India IPO

Incorporated in October 2009, Agarwal Toughened Glass India Limited manufactures tempered glasses. The company's products are used in various industries, such as shower doors, refrigerator trays, mobile screen protectors, bulletproof glass for diving masks, and a variety of plates and cookware. The company is ISO 9001:2015 certified for its Quality Management System. The company caters to segments such as office buildings, hotels, institutions, banks, insurance firms, shopping centres, and diplomatic homes. The product portfolio of the company comprises of Annealed Glass Toughened Glasses Insulated Glasses Laminate Safety Glass Heat Soaked Glass The company conducts various tests on its products, including human impact assessments, ball drop tests, design and visual inspections, annealing evaluations (for residual stress), and glass thickness and weight measurements. Competitive Strengths: Strong Brand presence in the Indian market The company's management team is a combination of experience and expertise Long-standing relationships with its customers Consistent focus on quality Strong Risk Management As of September 30, 2024, the company had 207 employees responsible for their respective tasks, including directors, administrative, secretarial, marketing, and accounting staff.

The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objectives: Purchase machinery at the existing manufacturing unit; Repayment of certain Borrowings; To meet incremental working capital requirements; and General Corporate Expenses.

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