Standard Glass Lining Technology IPO
IPO Listing Details
- Listing Date
13 Jan 2025
- Listing Price
₹176.00
- Listing Change
25.71%
- Last Traded Price
₹165.84
IPO Details
- Open Date
06 Jan 2025
- Close Date
08 Jan 2025
- IPO
Price Range
₹ 133 to ₹ 140
- IPO
Size
₹ 410.05 Cr
- Listing Exchange
BSE, NSE
- Listing Date
13 Jan 2025
IPO Timeline
Standard Glass Lining Technology IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 6-Jan-25 | 1.8 | 25.49 | 14.67 | 13.31 |
Last Updated: 09 January 2025 10:11 AM by 5Paisa
Standard Glass Lining IPO is set to open on 6 January 2025 and will close on 8 January 2025. Standard Glass Lining manufactures engineering equipment for India’s pharmaceutical and chemical sectors, offering turnkey solutions like design, manufacturing, and installation.
The IPO is a combination of a fresh issue of 1.50 Cr shares aggregating to ₹210.00 Cr and an offer for sale of 1.43 Cr shares aggregating to ₹200.05. The price band is set at ₹133 to ₹140 per share and the lot size is 107 shares.
The allotment is scheduled to be finalised on 9 January 2025. It will go public on BSE NSE, with a tentative listing date of 13 January 2025.
IIFL Securities Ltd, Motilal Oswal Investment Advisors Ltd are the book running lead managers, while Kfin Technologies Ltd is the registrar.
Standard Glass Lining IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹410.05 Cr. |
| Offer For Sale | ₹200.05 Cr. |
| Fresh Issue | ₹210.05 Cr. |
Standard Glass Lining IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | 14,231 |
| Retail (Max) | 13 | 1,391 | 185,003 |
| S-HNI (Min) | 14 | 1,498 | 199,234 |
| S-HNI (Max) | 66 | 7,062 | 939,246 |
| B-HNI (Min) | 67 | 7,169 | 953,477 |
Standard Glass Lining IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 1.8 | 58,57,875 | 1,05,56,620 | 147.793 |
| NII (HNI) | 25.49 | 43,93,405 | 11,19,88,126 | 1,567.834 |
| Retail | 14.67 | 1,02,51,278 | 15,03,88,179 | 2,105.435 |
| Total** | 13.31 | 2,05,02,558 | 27,29,32,925 | 3,821.061 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
Standard Glass Lining IPO Anchor Allocation
| Anchor Bid Date | 3 January, 2025 |
| Shares Offered | 87,86,809 |
| Anchor portion Size (In ₹ Cr.) | 123.02 |
| Anchor lock-in period end date for 50% shares (30 Days) | 8 February, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | 9 April, 2025 |
1. Funding capital expenditure for machinery and equipment.
2. Repayment or prepayment of outstanding borrowings of the Company and its subsidiary, S2 Engineering Industry Private Limited.
3. Investment in S2 Engineering for machinery and equipment.
4. Strategic investments or acquisitions for inorganic growth.
5. General corporate purposes.
Standard Glass Lining Technology Limited manufactures engineering equipment for India’s pharmaceutical and chemical sectors, offering turnkey solutions like design, manufacturing, and installation. With eight facilities in Hyderabad and sales offices nationwide, its product portfolio spans reaction systems, storage, and drying systems. Backed by advanced technology, strong client relationships, and a history of growth, the company employs 460 staff.
Established in: 2012
Managing Director: Mr. Nageswara Rao Kandula
Peers
GMM Pfaudler Ltd
HLE Glascoat Ltd
Thermax Ltd
Praj Industries
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | 241.50 | 500.08 | 549.68 |
| EBITDA | 41.78 | 88.26 | 100.92 |
| PAT | 25.15 | 53.42 | 60.01 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Total Assets | 298.11 | 347.79 | 665.38 |
| Share Capital | 15.30 | 15.79 | 18.16 |
| Total Borrowings | 69.81 | 81.96 | 129.32 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -7.15 | 1.75 | -65.03 |
| Net Cash Generated From / (used in) investing activities | -29.74 | -29.02 | -156.83 |
| Net Cash Generated From / (used in) financing activities | 37.00 | 32.57 | 231.90 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.11 | 5.30 | 10.03 |
Strengths
1. Expertise in specialized engineering equipment for pharmaceutical and chemical industries.
2. Comprehensive in-house production capabilities ensuring quality control.
3. Diverse product portfolio catering to end-to-end manufacturing needs.
4. Strategically located manufacturing units with advanced technology.
5. Strong client base with long-term relationships across industries.
Risks
1. Dependency on pharmaceutical and chemical sectors for revenue.
2. High operational costs due to specialized equipment and materials.
3. Limited global presence compared to competitors.
4. Significant reliance on contract labor for operations.
5. Vulnerability to raw material price fluctuations impacting margins.
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FAQs
Standard Glass Lining IPO opens from 6 January 2025 to 8 January 2025.
The size of Standard Glass Lining IPO is ₹410.05 Cr.
The price of Standard Glass Lining IPO is fixed at ₹133 to ₹140 per share.
To apply for Standard Glass Lining IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Standard Glass Lining IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Standard Glass Lining IPO is 107 shares and the investment required is ₹14,231.
The share allotment date of Standard Glass Lining IPO is 9 January 2025
The Standard Glass Lining IPO will be listed on 13 January 2025.
IIFL Securities Ltd and Motilal Oswal Investment Advisors Ltd are the book running lead managers for Standard Glass Lining IPO.
Standard Glass Lining plans to utilise the raised capital from the IPO for:
1. Funding capital expenditure for machinery and equipment.
2. Repayment or prepayment of outstanding borrowings of the Company and its subsidiary, S2 Engineering Industry Private Limited.
3. Investment in S2 Engineering for machinery and equipment.
4. Strategic investments or acquisitions for inorganic growth.
5. General corporate purposes.
Contact Information
Standard Glass Lining Technology
Standard Glass Lining Technology Limited
10th Floor, PNR High Nest,
Hydernagar, KPHB Colony
Hyderabad- 500085
Phone: + 040 3518 2204
Email: corporate@standardglr.com
Website: https://www.standardglr.com/
Standard Glass Lining Technology IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: sgltl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Standard Glass Lining Technology IPO Lead Manager
IIFL Securities Ltd
Motilal Oswal Investment Advisors Limited
