A G Universal IPO: A G Universal IPO is an SME IPO of 1,454,000 equity shares of a face value of ₹10 aggregating up to ₹8.72 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000 Shares.
A G Universal IPO Dates
The IPO opens on Apr 11, 2023, and closes on Apr 13, 2023. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
A G Universal IPO Details
| IPO Date | Apr 11, 2023 to Apr 13, 2023 |
| Face Value | ₹10 per share |
| Price | ₹60 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,454,000 shares (aggregating up to ₹8.72 Cr) |
| Fresh Issue | 1,454,000 shares (aggregating up to ₹8.72 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker portion | 74,000 shares (SHARE INDIA SECURITIES LIMITED) |
Important Dates of A G Universal IPO
A G Universal IPO opens on Apr 11, 2023, and closes on Apr 13, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Apr 11, 2023 |
| Closing Date | Apr 13, 2023 |
| Basis of Allotment | Apr 19, 2023 |
| Initiation of Refunds | Apr 20, 2023 |
| Credit of Shares to Demat | Apr 21, 2023 |
| Listing Date | Apr 24, 2023 |
A G Universal IPO Lot Size
The A G Universal IPO lot size is 2000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹120,000 |
| Retail (Max) | 1 | 2000 | ₹120,000 |
| HNI (Min) | 2 | 4,000 | ₹240,000 |
A G Universal IPO Promoter Holding
Ms. Bharti Gupta and Mr. Amit Gupta are the company promoters.
Objects of the A G Universal IPO
The proceeds from the issue will be used for the following objects:
- To meet the working capital requirements of the company.
- General corporate purposes and issue expenses.
About A G Universal IPO
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.