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Standard Glass Lining Technology Ltd

Capital Goods-Non Electrical Equipment

Offer Period :

6th to 8th Jan 2025

Standard Glass Lining Technology Ltd IPO Details

IPO Date 6th to 8th Jan 2025 Minimum Investment ₹14980 / 1 Lots
Listing Date 2025-01-13 Maximum Investment ₹194740 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹410.05 Crores
Price ₹140 to ₹140 per share Fresh Issue ₹210 Crores
Lot Size 1 Lots (107 Shares) Offer For Sale ₹ 200.05
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 6th to 8th Jan 2025
Listing Date 2025-01-13
Face Value ₹10 per share
Price ₹140 to ₹140 per share
Lot Size 1 Lots (107 Shares)
Listing At BSE, NSE
Employee Discount ₹0 per share
Minimum Investment ₹14980 / 1 Lots
Maximum Investment ₹194740 / 13 Lots
Total Issue Size ₹410.05 Crores
Fresh Issue ₹210 Crores
Offer For Sale
Retail Discount ₹ 0

Standard Glass Lining IPO Details

Standard Glass Lining IPO Details

Category

Details

Total Issue Size

₹410.05 Cr (2.92 crore shares)

Issue Type

Book Built Issue IPO

Share Holding Pre Issue

72.49%

Share Holding Post Issue

NA

Standard Glass Lining IPO Lot Size

Application

Lots

Shares

Amount (₹)

Retail (Min)110714,980
Retail (Max)1313911,94,740
S-HNI (Min)1414982,09,720
S-HNI (Max)6670629,88,680
B-HNI (Min)67716910,03,660

About Standard Glass Lining Technology
 

Established in September 2012, Standard Glass Lining Technology Limited is a premier manufacturer of specialized engineering equipment for the pharmaceutical and chemical sectors in India. With a fully integrated production process managed in-house, the company offers end-to-end turnkey solutions encompassing design, engineering, manufacturing, assembly, installation, and operational guidance. Their diverse product portfolio includes Reaction Systems, Storage, Separation and Drying Systems, as well as Plant, Engineering, and Services. Utilizing advanced materials such as glass-lined components, stainless steel, and nickel alloys, the company delivers cutting-edge solutions tailored to meet the complex demands of its clients.

Standard Glass Lining Technology Limited serves a prestigious clientele, including prominent names like Aurobindo Pharma, Laurus Labs, and Granules India. The company operates eight strategically located manufacturing units in Hyderabad, Telangana, complemented by sales offices in key locations such as Vadodara, Mumbai, and Vishakhapatnam, ensuring a robust pan-India presence. Backed by a workforce of over 1,190 employees and contract laborers, the company’s competitive edge lies in its innovative product offerings, advanced technological capabilities, and long-standing relationships with industry leaders.

Timeline

Important dates for allocation and IPO listing.

6th Jan

IPO Starts

8th Jan

IPO Ends

9th Jan

Allotment Date

10th Jan

Initiation of Refund

10th Jan

Credit of Shares to Demat Account

13th Jan

IPO Listing Date

Standard Glass Lining IPO Details

Standard Glass Lining IPO Timeline

Event

Date

IPO Open Date

Monday, January 6, 2025

IPO Close Date

Wednesday, January 8, 2025

Basis of Allotment

Thursday, January 9, 2025

Initiation of Refunds

Friday, January 10, 2025

Credit of Shares to Demat

Friday, January 10, 2025

Listing Date

Monday, January 13, 2025

Cut-off time for UPI Mandate

5 PM on January 8, 2025

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 72.49 60.68
Public Group 27.51 39.32

Standard Glass Lining Technology Ltd IPO Reservation

QIB Shares Offered 5857874(20%)
NII (HNI) Shares Offered 4393405(15%)
Retail Shares Offered 10251278(35%)
Anchor Investor Shares Offered 8786810(30%)
Total Shares Offered 29289368
Total Shares With Anchor Investor 29289368

Standard Glass Lining IPO Details

Standard Glass Lining IPO Reservation

Investor Category

Shares Offered

bNII > ₹10L

29,28,937 (10%)

sNII < ₹10L

14,64,468 (5%)

Standard Glass Lining IPO Financial Information

Metric

Value (₹ Crores)

Net Worth

447.8

Reserves and Surplus

261.58

Total Borrowing

173.8

Standard Glass Lining IPO Anchor Investors Details

Detail

Value

Bid DateJanuary 3, 2025
Shares Offered87,86,809
Anchor Portion Size (In Cr.)123.02

Key Performance Indicators of Standard Glass Lining IPO

KPI

Value

Debt/Equity0.32
RoNW20.74%
P/BV5.70

Metric

Pre IPO

Post IPO

EPS (₹)3.253.64
P/E (x)43.0438.5

 

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Standard Glass Lining Technology Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id einward.ris@kfintech.com
Our Website www.kfintech.com

Standard Glass Lining Technology Ltd IPO Lead Manager

1. IIFL Securities Ltd

2. Motilal Oswal Investment Advisors Ltd

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Standard Glass Lining Technology Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 58,57,875 2,74,63,583 373.0
Non Institutional Investors (NIIs) 43,93,405 51,20,50,319 63,419.0
Non Institutional Investors (Bid amount of more than Ten Lakh Rupees) 29,28,937 35,00,56,492 33,94,042.0
Non Institutional Investors (Bid amount of more than Two Lakh and upto Ten Lakh Rupees) 14,64,468 16,19,93,827 33,94,042.0
Retail Individual Investors (RIIs) 1,02,51,278 41,99,19,788 13,30,514.0
Total 2,05,02,558 95,94,33,690 33,94,042.0

Strength of Standard Glass Lining Technology Ltd

1. One of the top five specialised engineering equipment manufacturers for pharmaceutical and chemical sectors in India with products across entire value chain.

2. Customized and innovative product offering across the entire pharmaceutical and chemical manufacturing value chain.

3. Strategically located manufacturing facilities with advanced technological capabilities.

4. Long term relationships with marquee clientele across sectors.

5. Consistent track record of profitable growth.

6. Experienced promoters and management team.

Risks Involved

1. The company is dependent on its manufacturing facilities, all of which are situated in Telangana, India. The company is subject to risks in relation to its manufacturing process including accidents and natural disasters and also risks arising from changes in the economic or political conditions of Telangana, India which in turn will interfere with its operations and could have an adverse effect on the company business, results of operations and financial condition.

2. The company business is dependent on the availability and retainment of skilled labour and workforce, and if its unable to hire and engage the appropriate personnel, the company's business, results of operations and financial condition shall be adversely affected.

3. The company is dependent on a limited number of suppliers for its key raw materials such as stainless steel, carbon/ mild steel, nickel alloy, forgings, castings, chemicals and polytetra fluoroethylene powder. The loss of one or more of these suppliers could adversely impact its manufacturing processes and supply timelines, in turn adversely impacting its ability to comply with delivery schedules agreed with clients resulting in impact on its financial condition and results of operations.

4. Majority of its customers operate in the pharmaceuticals and chemical sectors. In each of the last three Fiscals and the six months period ended September 30, 2024, more than 88.20% of its revenue from operations were derived from the pharmaceutical and chemical sectors, combined. Factors that adversely affect these sectors or capital expenditure by companies within these sectors may adversely affect its business, results of operations and financial condition.

5. The company has witnessed negative cash flow from operating activities in the past. Any negative cash flows in the future would adversely affect its cash flow requirements, which may adversely affect the company ability to operate its business and the company financial condition.

6. The company does not have long term or exclusive contracts with majority of its customers and suppliers. If such customers choose not to source their requirements from it and or if such suppliers choose not to provide the company with the requisite raw materials, there may be a material adverse effect on its business, financial condition, cash flows and results of operations.

7. Under-utilization of its currently operational production lines at the company Manufacturing Facilities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on its business, future prospects, and future financial performance.

8. The company has incurred indebtedness and an inability to comply with repayment and other covenants in its financial arrangements could adversely affect the company business and financial condition. Further, certain of its financial agreements involve variable interest rates and an increase in interest rates may adversely affect its results of operations and financial condition.

9. One of its Promoters and SMP, Kudaravalli Punna Rao, and two of the company SMPs, Radhakrishna Bandi and Chamala Chandrasekhar Reddy, are unable to trace their educational documents. Accordingly, the company has not included the disclosure of their educational qualifications.

10. There may be delays or defaults in payment by its customers or the reduction in credit period for payments to be made to third-party service providers which could negatively affect its cash flows. As a result, the company experience significant working capital requirements and its inability to meet the company working capital requirements may materially and adversely affect its business, cash flows and financial condition.

Industry Outlook of Standard Glass Lining IPO

  • Growing Demand in Pharma and Chemicals

    The pharmaceutical and chemical sectors in India are expanding rapidly, driven by increasing domestic demand and exports, providing growth opportunities for specialized equipment manufacturers like Standard Glass Lining Technology Ltd.

  • Focus on Infrastructure Development

    The government’s emphasis on enhancing manufacturing capabilities under initiatives like 'Make in India' and Production Linked Incentive (PLI) schemes is boosting investments in industrial infrastructure.

  • Technological Advancements

    Advanced engineering solutions and innovations in manufacturing processes are driving the adoption of specialized equipment, creating opportunities for companies catering to these sectors.

  • Increased Global Outsourcing

    With India becoming a global hub for pharmaceutical and chemical manufacturing, the demand for high-quality engineering equipment is expected to grow further.

  • Environmental Regulations

    Stricter environmental norms are pushing industries to adopt efficient and compliant equipment, aligning with offerings from companies like Standard Glass Lining Technology Ltd.

  • Competitive Market Landscape

    The engineering equipment sector is witnessing healthy competition, encouraging innovation and quality enhancement among manufacturers.
     

This industry landscape positions Standard Glass Lining Technology Ltd in a market with promising growth potential, supported by its existing infrastructure and diversified product portfolio.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 665.38 347.79 298.11
Total Liabilities 665.38 347.79 298.11
Total Expenses 469.88 428.22 207.73
Total Revenue 
549.68 500.08 241.5
Profit After Tax 58.38 53.42 25.15
EBITDA 100.92 88.26 41.78
Adjusted EBITDA 0 0 0

Standard Glass Lining Technology Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2025-01-13 544333 SGLTL
INE0M4D01010
₹140 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹140 ₹140
Open ₹176 ₹172
Low ₹161 ₹161
High ₹181.7 ₹182
Low ₹161 ₹161

Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Standard Glass Lining Technology Ltd.

Standard Glass Lining Contact Details

Detail

Information

Company Name

Standard Glass Lining Technology Limited

Address

10th Floor, PNR High Nest, Hydernagar, KPHB Colony, Hyderabad- 500085

Phone

+ 040 3518 2204

Email

corporate@standardglr.com

Website

www.standardglr.com

Frequently Asked Questions

What is Standard Glass Lining Technology Ltd IPO?

Answer Field

Standard Glass Lining Technology Ltd IPO is a Mainboard IPO of 2,92,89,368 equity shares of a face value of ₹10 aggregating up to ₹410.05 Crores. The issue is priced at ₹140 to ₹140 per share. The minimum order quantity is 107 Shares. The IPO opens on January 06, 2025, and closes on January 08, 2025. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Standard Glass Lining Technology Ltd IPO will open?

Answer Field

The Standard Glass Lining Technology Ltd IPO opens on January 06, 2025 and closes on January 08, 2025.

What is the lot size of Standard Glass Lining Technology Ltd?

Answer Field

Standard Glass Lining Technology Ltd lot size is 107 shares, and the minimum amount required is ₹14,980.

How to apply for Standard Glass Lining Technology Ltd IPO?

Answer Field

You can apply in Standard Glass Lining Technology Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

• Approve the mandate request on your UPI and funds will be blocked.

When is Standard Glass Lining Technology Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Standard Glass Lining Technology Ltd IPO will be done on January 09, 2025, and the allotted shares will be credited to your demat account by January 10, 2025.

When is Standard Glass Lining Technology Ltd IPO listing date?

Answer Field

The Standard Glass Lining Technology Ltd listing date is January 13, 2025.

Who is the registrar of Standard Glass Lining Technology Ltd IPO?

Answer Field

The registrar of Standard Glass Lining Technology Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

IIFL Securities Ltd,Motilal Oswal Investment Advisors Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Standard Glass Lining Technology Ltd IPO?

Answer Field

The fresh issue size is ₹210 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Standard Glass Lining Technology Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 107 shares and ₹14,980 amount.

How can I approve the UPI mandate request for Standard Glass Lining Technology Ltd IPO?

Answer Field

To apply for Standard Glass Lining Technology Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Standard Glass Lining Technology Ltd?

Answer Field

The price of each Standard Glass Lining Technology Ltd share will be ranging in between ₹140 to ₹140 per share.

What is the cut-off time for the UPI mandate for Standard Glass Lining Technology Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, January 08, 2025.

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