NEWS

A G Universal Limited IPO : Company Info.

A G Universal Limited IPO is set to launch on 11 April, 2023. The company is a supplier of Industrial MS Tubes, Hollow Sections and GI Pipes. Its products include Mild Steel Pipes, Stainless Steel Pipes, GI Pipes, ERW Black Pipes, uPVC Pipes, TMT Bars, cPVC Pipes, MS Wire, Wire Rods, HR Coils and CR Coils.

The company was initiated as Akshata Polymer Private Limited with a petroleum business. It has dealt with Reliance Industries as well in its tenure as a petroleum company. The current business of the company is done with many big companies including Jindal Supreme India Private Limited, Surya Roshni Limited, Ravindra Tubes Private Limited, Swastik Pipe Limited, SKS Ispat & Power Limited, etc.

A G Universal Limited IPO DETAILS

A G Universal Limited IPO is set to launch on 11 April., 2023. The subscription timeline extends till 13 April, 2023. The size for the IPO is 8.72 Crore Rs. Shares issued through fresh issue mode are worth 8.72 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 60 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Skyline Financial Services Private Limited.

Tabular Description of A G Universal Limited IPO

IPO OPENING DATE	11 April., 2023
CLOSING DATE FOR IPO	13 April, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	60 Rs per share
LOT SIZE	2000 shares
MINIMUM ORDER QUANTITY	2000 shares
ISSUE SIZE	8.72 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode.
FRESH ISSUE	8.72 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	24 April, 2023

A G Universal Limited IPO : IMPORTANT DATES

IPO OPENING DATE	11 April., 2023
CLOSING DATE FOR IPO	13 April., 2023
IPO ALLOTMENT DATE	19 April, 2023
REFUNDS	20 April, 2023
DEMAT A/C CREDITED ON	21 April, 2023
IPO LISTING DATE	24 April, 2023

A G Universal Limited IPO begins for subscription from 11 April., 2023. The IPO subscription would continue till 13 April, 2023. The allotment status for the shareholders who applied would come on 19 April, 2023. The refunds for the ones who did not get allotment would be initiated on 20 April, 2023. The DEMAT accounts of shareholders would be credited on 21 April, 2023. The listing of the company would be accompanied on 24 April, 2023.

A G Universal Limited IPO : Lead Managers

The lead managers are :

Share India Capital Services Private Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to 120000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	2000 shares	120000 Rs.
Maximum	4000 shares	240000 Rs.

OBJECTIVES FOR THE IPO

IPO proceeds would be used for general corporate purposes.
The Issue proceeds will be utilised for fulfilling the working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2019-20	2020-21	2021-22
ASSETS	1532	1434	1856
Revenue	2008	3864	7074
PAT	4.95	14.66	70.89

A G Universal Limited had an asset base of 1532 Lakh Rs in 2020. This decreased to 1434 Lakh Rs in 2021 but increased again to 1856 Lakh Rs in 2022. The revenue of the firm has been increasing constantly from 2008 Lakh Rs in 2020 to 3864 Lakh Rs in 2021. The major jump in revenue was witnessed in the year 2022 when the company achieved the 7073 Lakh Rs mark in revenue. The company’s profits were 4.95 Lakh Rs in 2020, 14.66 Lakh Rs in 2021 and 70.89 Lakh Rs in 2022.

PROS

The company has a huge product portfolio. Its products include Mild Steel Pipes, Stainless Steel Pipes, GI Pipes, ERW Black Pipes, uPVC Pipes, TMT Bars, cPVC Pipes, MS Wire, Wire Rods, HR Coils and CR Coils.
The current business of the company is done with many big companies including Jindal Supreme India Private Limited, Surya Roshni Limited, Ravindra Tubes Private Limited, Swastik Pipe Limited, SKS Ispat & Power Limited, etc.