About Company
A G Universal Ltd. trades in various industrial MS Tubes, GI Pipes, and Hollow Sections. Initially incorporated as Akshata Polymer Private Ltd., the company’s name was changed to A. G. Universal Ltd. It supplies and manufactures 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, PVC pipes, 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 of 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.
| Bidding Dates 11 Apr ’23 – 13 Apr ’23 | Price Range ₹60 |
| Minimum Investment ₹120,000 / 1 Lots (2000 Shares ) | Maximum Investment ₹120,000 / 1 Lots (2000 Shares ) |
| Investor category and sub category Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors | Issue Size ₹ 8.72 Cr |
IPO Dates
Important dates with respect to IPO allotment and listing
| IPO Opening Date Apr 11, 2023 | IPO Closing Date Apr 13, 2023 |
| Basis of Allotment Apr 19, 2023 | Initiation of Refunds Apr 20, 2023 |
| Credit of Shares to Demat Account Apr 21, 2023 | IPO Listing Date Apr 24, 2023 |
A G Universal IPO Subscription Details
| Date | Retail | Total |
|---|---|---|
| Day 1 Apr 11, 2023 | 0.10 | 0.94 |
| Day 2 Apr 12, 2023 | 0.41 | 1.37 |
A G Universal IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | [.] |
| Non-Institutional Buyers | 1.87 |
| Retail Investors | 0.41 |
| Employees | [.] |
| Other | [.] |
| Total | 1.37 |
A G Universal Ltd. IPO Objective
The company proposes to utilize 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
- 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
- The company operates in a highly fragmented domain.
- 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.
Please Click Here To Apply For A G Universal IPO
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