1. Company Background & Industry Overview
Standard Glass Lining Technology Limited is a leading manufacturer of engineering equipment catering to pharmaceutical and chemical sectors. Established in 2012, the company specializes in providing turnkey solutions, from design to installation, with eight strategically located manufacturing units in Hyderabad.
Industry Overview: The pharmaceutical and chemical sectors in India are experiencing robust growth, driven by increased demand for drugs and chemicals globally. Specialized equipment manufacturers like Standard Glass Lining are well-positioned to benefit from this growth.
2. IPO Details
| Particulars | Details |
|---|
| IPO Date | January 6, 2025, to January 8, 2025 |
| Listing Date | January 13, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹133 to ₹140 per share |
| Lot Size | 107 shares |
| Total Issue Size | 2,92,89,367 shares (₹410.05 Cr) |
| Fresh Issue | 1,50,00,000 shares (₹210.00 Cr) |
| Offer for Sale (OFS) | 1,42,89,367 shares (₹200.05 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Pre-Issue Shareholding | 18,44,91,662 shares |
| Post-Issue Shareholding | 19,94,91,662 shares |
3. Key Timelines
| 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 |
| UPI Mandate Confirmation Deadline | 5 PM on January 8, 2025 |
4. IPO Reservation
| Investor Category | Shares Offered (%) |
|---|
| Anchor Investors | 30% |
| QIBs | 20% |
| NIIs | 15% |
| Retail Investors | 35% |
5. Lot Size
| Category | Lots | Shares | Amount (₹) |
|---|
| Retail (Min) | 1 | 107 | 14,980 |
| Retail (Max) | 13 | 1,391 | 1,94,740 |
| S-HNI (Min) | 14 | 1,498 | 2,09,720 |
| B-HNI (Min) | 67 | 7,169 | 10,03,660 |
6. Financial Information
| Particulars (₹ Cr) | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|
| Assets | 756.52 | 665.38 | 347.79 | 298.11 |
| Revenue | 312.1 | 549.68 | 500.08 | 241.5 |
| Profit After Tax | 36.27 | 60.01 | 53.42 | 25.15 |
| Net Worth | 447.8 | 409.92 | 156.67 | 69.91 |
| Debt | 173.8 | 129.32 | 81.96 | 69.81 |
7. Key Valuation Metrics (Pre-IPO)
| Metric | Value |
|---|
| ROE | 20.74% |
| ROCE | 25.49% |
| Debt/Equity Ratio | 0.32 |
| PAT Margin | 10.92% |
| Price-to-Book Value | 5.70 |
8. Subscription Details
| Investor Category | Subscription Status |
|---|
| QIB | 6.12x |
| NII | 4.87x |
| Retail | 5.45x |
| Total | 5.48x |
9. Contact Details
Company:
Standard Glass Lining Technology Limited
8-2-269/5/A, Road No. 2, Banjara Hills, Hyderabad, Telangana – 500034
Phone: +91-40-66666666
Email: info@sgltl.com
Website: www.standardglr.com
Registrar:
KFin Technologies Limited
Karvy Selenium Tower B, Plot 31 & 32, Financial District, Hyderabad, Telangana – 500032
Phone: +91-40-67161606
Email: einward.ris@kfintech.com
Website: www.kosmic.kfintech.com
10. Objectives of the IPO
- Funding the purchase of machinery and equipment.
- Repaying or prepaying borrowings for the company and its subsidiary (S2 Engineering Industry Private Limited).
- Supporting growth through strategic investments or acquisitions.
- General corporate purposes.
11. FAQs
- What is the price band for this IPO? ₹133 to ₹140 per share.
- What is the lot size for retail investors? 107 shares.
- When will the IPO be listed? January 13, 2025.
- How to apply for the Standard Glass Lining IPO?
Applications can be made via ASBA through banks or through broker platforms like Angel One. - Is there an offer for sale (OFS)? Yes, worth ₹200.05 Crores.
- Where will the shares be listed? NSE and BSE.
12. Listing Day Performance
| IPO Name | Subscription | IPO Price (₹) | Open (₹) | High (₹) | Low (₹) | Close (₹) | Gain (%) |
|---|
| Standard Glass Lining | 5.48x | 140 | 197 | 202.8 | 188.1 | 190.41 | 35.3% |
