IPO Details
Bidding Dates
10 Apr '23 - 12 Apr '23
Minimum Investment
₹120,000 / 1 Lots (2000 Shares )
Price Range
₹60
Maximum Investment
₹120,000 / 1 Lots (2000 Shares )
Retail Discount
To be announced
Issue Size
₹ 8.72 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Apr 10, 2023
IPO Closing Date
Apr 12, 2023
Basis of Allotment
Apr 18, 2023
Initiation of Refunds
Apr 19, 2023
Credit of Shares to Demat Account
Apr 20, 2023
IPO Listing Date
Apr 23, 2023
A G Universal IPO Subscription Details
| Date | Retail | Total |
|---|---|---|
Day 1Apr 10, 2023 |
0.10 | 0.94 |
Day 2Apr 11, 2023 |
0.42 | 1.38 |
Day 3Apr 12, 2023 |
2.54 | 3.36 |
A G Universal IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | [.] |
| Non-Institutional Buyers | 3.71 |
| Retail Investors | 2.54 |
| Employees | [.] |
| Other | [.] |
| Total | 3.36 |
About Company
A G Universal Ltd. trades in a variety of industrial MS Tubes, GI Pipes, and Hollow Sections. Initially incorporated as Akshata Polymer Private Ltd. the company’s name was later changed to A. G. Universal Ltd. It is a supplier and manufacturer of various pipes for industrial, commercial, and residential usage.
A G Universal caters to customers like Surya Roshni Limited, Jindal Supreme (India) Private Limited, Swastik Pipe Limited, Ravindra Tubes Private Limited, SKS Ispat & Power Ltd, etc. It offers a diversified product suite that includes TMT high-strength reinforced bars, Hot & cold rolled stripes and sheets, MA pipes, Hollow section pipes, ePVC pipes and settings, and uPVC plumbing pipes and settings.
Details of A G Universal Ltd. IPO
A G Universal seeks to raise funds of Rs.8.72 crore through the IPO route that will open on April 11, 2022. A G Universal IPO is a fixed issue IPO with a price fixed at Rs. 60 per share. Investors can apply for one lot with 2000 shares.
The bidding window will remain open for two days until April 13, 2023, and the IPO will list on NSE SME.
A G Universal Ltd. IPO Objective
The company proposes to utilise the net proceeds received from the fresh issues for the following.
- To meet working capital requirements
- General corporate purposes
Should you invest in A G Universal Ltd.?
- The company trades in a diversified product suite that includes tubes and pipes used for industrial, commercial, and residential projects.
- Recently, the company has significantly augmented its bottom line.
- The company is managed by an experienced promoter’s group benefiting from its network in the trading community.
A G Universal Ltd. Noteworthy highlights
- The company caters only to domestic customers.
- During the period ending on November 30, 2022, the company generated 92.61% revenue from its top 10 customers.
A G Universal Company Financials
| Particulars | Year ending on November 30, 2022 | Year ending on March 31, 2021 | Year ending on March 31, 2020 |
|---|---|---|---|
| Revenue from Operations | 345,542, 713 | 704,613, 103 | 386,425, 948 |
| Profit After Tax (PAT) | 11,429,044 | 7,088,805 | 1,466,390 |
| EPS | 5.07 | 19.18 | 5.99 |
| To Be Announced | As at November 30, 2022 | As at March 31, 2022 | As at March 31, 2021 |
| Current Asset | 264,293,914 | 185,648,062 | 143,493,552 |
| Current Liability | 264,293,914 | 185,648,062 | 143,493,552 |
Know before investing
Strengths
3-
The company benefits from the experience and network of the promoters.
-
A G Universal primarily engages in the trading of pipes and is not exposed to the risks associated with manufacturing.
-
It has a steady and repetitive client base.
Risks
3-
The company operates in a domain which is highly fragmented.
-
A sudden boost in the bottom line in the period ending in November 2022 has raised many eyebrows.
-
The issue is aggressively priced. It is suitable for experienced investors with knowledge of the sector.
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A G Universal IPO FAQs
A G Universal Ltd. Ltd. IPO worth Rs.8.72 crore comprises 1,454,000 fresh equity shares.
The IPO opens for bidding on April 11, 2023.
The IPO shares of A G Universal Ltd. will be allotted on April 19, 2023.
One lot of A G Universal Ltd IPO contains 2000 shares.
The bidding window opens on April 11, 2023.
Retail investors can apply for a minimum of one lot.
A G Universal Ltd. IPO will list on NSE SME on April 24, 2023.
Login to the Angel One app and enter OTP sent on your registered mobile number to validate.
To check the IPO allotment status, enter your application number, DP ID, and PAN number into the app.
It is not possible to calculate the listing gain before the IPO gets listed on the bourses. You can learn about the listing gain of A G Universal Ltd. on April 24, 2023.
The bank initially will only block the amount in your account, meaning you will not have access to the fund. The money will be debited when the shares are allotted or unblock the amount after the UPI mandate expiry date.
Login to your UPI handle to approve the payment mandate and complete the IPO application process.
SEBI mandates investors to submit only one application against one PAN card.
The minimum order quantity is one lot with 2000 shares.
