About Standard Glass Lining Technology IPO
Standard Glass Lining Technology IPO is set to roll out a Rs 410.05 crore book. This IPO subscription is an amalgamation of a fresh issue of Rs 210 crore (1.5 crore shares) and an offer-for-sale of Rs 200.05 crore (1.43 crore shares). The company is preparing for a dual listing on the BSE and NSE.
Retail investors must make a minimum investment of Rs 14,980 to participate. Small NII investors need to invest at least Rs 2,09,720 for 1,498 shares, equivalent to 14 lots. Large NII investors need a minimum investment of Rs 10,03,660 for 7,169 shares, which is 67 lots.
Kfin Technologies Ltd will serve as the registrar for this issue. IIFL Securities Ltd & Motilal Oswal Investment Advisors Ltd are the book running lead managers in this IPO.
Standard Glass Lining Technology IPO Latest GMP:
The most recent GMP of the IPO is Rs 86, as of 3rd January, 2025 9:30 AM. The IPO has a price band of Rs 140. The estimated listing price for Standard Glass Lining Technology is Rs 226, reflecting a potential gain of 61% per share.
Standard Glass Lining Technology IPO Details
| Standard Glass IPO Opening-Closing Date | 6th January to 8th January |
| Face Value | Rs 10 per share |
| Standard Glass Lining IPO GMP | 83₹ |
| Price Band | Rs 133 to Rs 140 per share |
| Lot Size | 107 Shares |
| Total Issue Size | 2,92,89,367 shares (aggregating up to Rs 410.05 Cr) |
| Fresh Issue | 1,50,00,000 shares (aggregating up to Rs 210 Cr) |
| Offer for Sale | 1,42,89,367 shares (aggregating up to Rs 200.05 Cr) |
| Issue Type | Book-Built Type Issue |
| Listing At | NSE, BSE |
| Shareholding Pre-Issue | 18,44,91,662 Shares |
| Basis of Allotment | Thursday, 9th January, 2025 |
| Refund Initiation | Friday, 10th January, 2025 |
| Credit of Shares in Demat | Friday, 10th January, 2025 |
| Listing Date | Monday, 13th January, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on 8th January, 2025 |
| Draft Red Herring Prospectus | Link |
| Red Herring Prospectus | Link |
Standard Glass Lining Technology IPO Company Details
- Standard Glass Lining Technology Ltd, established in September 2012, manufactures engineering equipment for India’s pharmaceutical and chemical sectors with in-house production capabilities.
- The company offers turnkey solutions like design, engineering, manufacturing, assembly, installation, and standard operating procedures for pharmaceutical and chemical manufacturers.
- Its product portfolio includes reaction systems, storage, separation and drying systems, and plant engineering and services.
- The company produces advanced engineering equipment crafted from glass-lined materials, stainless steel, and nickel alloy.
- The company’s clients include leading names like Aurobindo Pharma, Cadila Pharmaceuticals, Laurus Labs, and MSN Laboratories, among others.
- It operates eight manufacturing units in Hyderabad, Telangana, and has sales offices in Vadodara, Ankleshwar, Mumbai, and Visakhapatnam, with sales representatives across India.
- As of 30th September, 2024, it employed 460 full-time workers and 731 contract laborers.
Standard Glass IPO Lot Size, Shares, And Their Value:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 107 | Rs 14,980 |
| Retail (Max) | 13 | 1,391 | Rs 1,94,740 |
| S-HNI (Min) | 14 | 1,498 | Rs 2,09,720 |
| S-HNI (Max) | 66 | 7,062 | Rs 9,88,680 |
| B-HNI (Min) | 67 | 7,169 | Rs 10,03,660 |
Standard Glass Lining Technology IPO Shares Offered:
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50.00% of the offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
Standard Glass Lining Technology Key Finances:
For the period ended on 31st March, 2024 & 31st March, 2023:
| Periods Ended | 31st Mar, 2024 | 31st Mar, 2023 |
| Assets | Rs 665.38 Cr. | Rs 347.79 Cr. |
| Revenue | Rs 549.68 Cr. | Rs 500.08 Cr. |
| Profit After Tax | Rs 60.01 Cr. | Rs 53.42 Cr. |
| Net Worth | Rs 409.92 Cr. | Rs 156.67 Cr. |
| Reserves and Supplies | Rs 389.18 Cr. | Rs 139.94 Cr. |
| Total Borrowing | Rs 129.32 Cr. | Rs 81.96 Cr. |
Standard Glass Lining Technology IPO: Worth Investing?
Financial Performance:
Revenue: The company generated Rs 312.1 crore in revenue during the period ended on 30th Sep, 2024.
Net Worth: The company’s net worth, which represents the total value of the company’s assets minus its liabilities, is Rs 447.8 crore.
Financial Position:
Assets: The company’s total assets amounted to Rs 756.52 crore.
Reserves and Surplus: The company has accumulated reserves and surplus of Rs 261.58 crore.
Standard Glass Lining Technology IPO KPI & Values:
| KPI | Values |
| Return on Equity (ROE) | 20.74% |
| Return on Capital Employed (ROCE) | 25.49% |
| Return on Net Worth (RoNW) | 20.74% |
| Debt-to-Equity (D/E) | 0.32 |
| Price to Book Value (P/BV) | 5.70 |
| PAT Margin (%) | 10.92 |
Objectives of Standard Glass Lining Technology IPO
The Company plans to use the Net Proceeds for the following purposes:
- Purchasing machinery and equipment for capital expansion.
- Repaying or prepaying some of its outstanding loans and providing funds to its subsidiary, S2 Engineering Industry Pvt Ltd, to help repay its borrowings.
- Investing in S2 Engineering Industry Pvt Ltd for its capital needs, including buying machinery and equipment.
- Supporting growth through strategic investments or acquisitions.
- Meeting general corporate expenses.
Key Risks of Investing in Standard Glass Lining Technology IPO
- Revenue depends heavily on pharmaceutical and chemical sectors.
- High costs due to specialised equipment and materials.
- Smaller global footprint compared to competitors.
- Operations rely significantly on contract labor.
- Margins are affected by raw material price changes.
Standard Glass Lining Technology IPO FAQs
What is the price band of the Standard Glass Lining Technology IPO?
Price band has been fixed at Rs 133 and Rs 140 per share.
What is the retail investor quota of Standard Glass Lining Technology IPO?
A minimum of 35% shares shall go to the retail investors.
What is the lot size and share distribution for High Net-Worth Individuals (HNIs)?
The lot size for HNIs is 14 lots, with a total of 1,498 shares allocated.
How can I apply for Standard Glass Lining Technology Initial Public Offer?
You can apply through your demat account, banking channels, or other financial institutions during the IPO period.
When is the Last Date of IPO subscription for Standard Glass Lining Technology?
The cut-off time is 5 PM on 8th January, 2025, but many brokers close applications earlier, typically between 1-3 PM.
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