IPO Issue Details
Issue Price / Price Band₹60 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size14,54,000 shares (aggregating up to ₹8.72 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenTue, 11 Apr 2023
Subscription CloseThu, 13 Apr 2023
Anchor AllotmentMon, 10 Apr 2023
Basis of AllotmentWed, 19 Apr 2023
Initiation of RefundsThu, 20 Apr 2023
Credit of Shares to DematFri, 21 Apr 2023
Listing DateMon, 24 Apr 2023
UPI Mandate Deadline2023-04-13
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 2,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 4,000 shares
EPS (Pre-IPO)₹5.07
P/E Ratio (Pre-IPO)3.12x
Net Offer to Public13,80,000 shares (aggregating up to ₹8.28 Cr)
Reserved for Market Maker74,000 shares (aggregating up to ₹0.4440 Cr)
Pre-IPO Promoter Holding40,30,000 shares
Post-IPO Promoter Holding54,84,000 shares
About A G Universal Ltd.
Incorporated in 2008, A G Universal Limited operates as a supplier of industrial MS Tubes, GI Pipes, and Hollow Sections.The company's product range includes Stainless Steel Pipes, Mild Steel Pipes, ERW Black Pipes, GI Pipes, Hollow Sections, uPVC Pipes, cPVC Pipes, TMT Bars, Wire Rods, MS Wire, CR Coils, and HR Coils.A G Universal's customer base includes Surya Roshni Limited, Jindal Supreme (India) Private Limited, Swastik Pipe Limited, Ravindra Tubes Private Limited, SKS Ispat & Power Ltd, etc.The company was initially established as Akshata Polymers Private Limited as a petroleum (polymers) business. The company has done dealership agreements with many organizations like Reliance Industries Ltd. for its petroleum products (polymers/FO/oils) business and import of polymer products from Korea, China, Saudi Arabia, etc.The company is also engaged in the activities of investment in properties and shares of listed and unlisted companies.
Objects of the Issue
A G Universal Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To meet the Working Capital Requirements of the Company
6.11
2
General Corporate Purposes
2.05
Shareholding & Lock-in
Pre-IPO Promoter Holding
40,30,000 shares
Post-IPO Promoter Holding
54,84,000 shares