Standard Glass Lining Technology Limited IPO (Standard Glass Lining IPO) Detail

Standard Glass Lining IPO is a book built issue of Rs 410.05 crores. The issue is a combination of fresh issue of 1.50 crore shares aggregating to Rs 210.00 crores and offer for sale of 1.43 crore shares aggregating to Rs 200.05 crores.

Standard Glass Lining IPO bidding started from January 6, 2025 and ended on January 8, 2025. The allotment for Standard Glass Lining IPO was finalized on Thursday, January 9, 2025. The shares got listed on NSE, BSE on January 13, 2025.

Standard Glass Lining IPO price band is set at ₹140 per share. The minimum lot size for an application is 107. The minimum amount of investment required by retail investors is ₹14,231. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹14,980. The minimum lot size investment for sNII is 14 lots (1,498 shares), amounting to ₹2,09,720, and for bNII, it is 67 lots (7,169 shares), amounting to ₹10,03,660.

Iifl Securities Ltd, Motilal Oswal Investment Advisors Limited are the book running lead managers of the Standard Glass Lining IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Standard Glass Lining IPO RHP for detailed information.

Standard Glass Lining Technology Limited Stock Quote & Charts

• Open: ₹142.10
• High – Low: ₹144.97 – ₹138.39
• Previous Close: ₹144.98
• Total Traded Value: 11,11,318.00
• 52 Weeks High: ₹213.80 (Jan 16, 2025)
• 52 Weeks Low: ₹124.00 (Mar 04, 2025)
• Updated On: Mar 11, 2025 4:00 PM

Standard Glass Lining IPO Details

Standard Glass Lining IPO Reservation

Standard Glass Lining IPO offers 2,92,89,367 shares. 58,57,875 (20%) to QIB, 43,93,405 (15%) to NII, 1,02,51,278 (35%) to RII and 87,86,809 (30%) to Anchor investors.

Standard Glass Lining IPO Anchor Investors Details

Standard Glass Lining IPO raises Rs 123.02 crore from anchor investors. Standard Glass Lining IPO Anchor bid date is January 3, 2025. Standard Glass Lining IPO Anchor Investors list

Standard Glass Lining IPO Timeline (Tentative Schedule)

Standard Glass Lining IPO opens on January 6, 2025, and closes on January 8, 2025.

Standard Glass Lining IPO Lot Size

Investors can bid for a minimum of 107 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Standard Glass Lining IPO Promoter Holding

Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue

About Standard Glass Lining Technology Limited

Incorporated in September 2012, Standard Glass Lining Technology Limited is a manufacturer of engineering equipment for the pharmaceutical and chemical sectors in India. The company has the capability to manage the entire production process in-house.

The company provides turnkey solutions, including design, engineering, manufacturing, assembly, installation, and standard operating procedures for pharmaceutical and chemical manufacturers.

The company’s product product portfolio includes

• Reaction Systems;
• Storage, Separation and Drying Systems; and
• Plant, Engineering and Services

The company manufactures specialized engineering equipment using glass-lined materials, stainless steel, and nickel alloy.

The company’s customer includes Apitoria Pharma Private Limited, Aurobindo Pharma Limited, CCL Food and Beverages Private Limited, Cohance Lifesciences Limited, Cadila Pharmaceutical Limited, Deccan Fine Chemicals (India) Private Limited, Dasami Lab Private Limited, Laurus Labs Limited, Granules India Limited, Macleods Pharmaceuticals Limited, MSN Laboratories Private Limited, Natco Pharma Limited, Honour Lab Limited, Hetero Drugs Limited, Hetero Labs Limited, Hazelo Lab Private Limited, Piramal Pharma Limited, Sanvira Biosciences Private Limited, Suven Pharmaceuticals Limited, Tagros Chemicals India Private Limited, Vamsi Labs Limited and Viyash Life Sciences Private Limited.

The company has eight manufacturing units situated in Hyderabad, Telangana.

The company’s sales offices are situated in Vadodara, Gujarat, Ankleshwar, Gujarat, Mumbai, Maharashtra and Vishakhapatnam, Andhra Pradesh and sales team members are in Jhagadia, Gujarat, Chennai, Tamil Nadu, New Delhi, Bengaluru, Karnataka and Vijayawada, Andhra Pradesh with pan-India reach.

As of September 30, 2024, the company had 460 full-time employees and 731 contract labourers.

Competitive Strength

1. Specialised engineering equipment manufacturers for the pharmaceutical and chemical sectors.
2. Customized and innovative range of products throughout 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.

Company Financials

Standard Glass Lining Technology Limited Financial Information (Restated Consolidated)

Standard Glass Lining Technology Limited’s revenue increased by 10% and profit after tax (PAT) rose by 12% between the financial year ending with March 31, 2024 and March 31, 2023.

Key Performance Indicator (KPI)

The market capitalization of Standard Glass Lining IPO is Rs 2792.88 Cr.

KPI as of Sun, Mar 31, 2024.

• The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
• The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Objects of the Issue (Standard Glass Lining IPO Objectives)

The Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Funding of capital expenditure requirements of the Company towards the purchase of machinery and equipment;
2. Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company and investment in the wholly owned Material Subsidiary, S2 Engineering Industry Private Limited, for repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by S2 Engineering Industry Private Limited, from banks and financial institutions;
3. Investment in the wholly owned Material Subsidiary, S2 Engineering Industry Private Limited, for funding its capital expenditure requirements towards purchase of machinery and equipment;
4. Funding inorganic growth through strategic investments and/or acquisitions and
5. General corporate purposes

Standard Glass Lining IPO Review (Apply)

[Dilip Davda]  The company enjoys most preferred partner for glass lined equipment used by pharma, chemical sectors in India. The company marked steady growth in its top and bottom lines for the reported periods. Based on FY25 annualized earnings, the issue appears fully priced. Partial reduction of debt and other inorganic growth plans will increase its earnings going forward. Investors may park funds for medium to long term. Read detail review…

Standard Glass Lining IPO Subscription Status (Bidding Detail)

The Standard Glass Lining IPO is subscribed 185.48 times on January 8, 2025 6:19:08 PM (Day 3). The public issue subscribed 65.71 times in the retail category, 327.76 times in the QIB category, and 275.21 times in the NII category. Check Day by Day Subscription Details (Live Status)

Total Application : 52,39,243

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