Standard Glass Lining Technology Limited IPO

Mainboard

Industrial Products

Listed On: Jan 13, 2025 at ₹ 172.0(NSE)

₹ 14980 /107 Shares

Check Allotment

Price Summary

Last Closing

189.40 (35.29%)

52 Week High

213.80

52 Week Low

157.15

Last Update

17-Jan-2025 3:30 PM

Standard Glass Lining Technology IPO Details

06 Jan, 2025

Open Date

08 Jan, 2025

Close Date

09 Jan, 2025

Allotment Date

13 Jan, 2025

Listing Date

Issue Price

₹133-140 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

172.0(NSE)

Listing Date

2025-01-13

Market Lot

Retail : 107 Shares (₹14,980/-)
S-HNI : 1,498 Shares (₹2,09,720/-)
B-HNI : 7,169 Shares (₹10,03,660/-)

Lead Manager

Iifl Securities Ltd
Motilal Oswal Investment Advisors Limited

Issue Size

Total ₹410.05 Cr :
#Fresh Issue : 1,50,00,000 shares(aggregating up to ₹210.00 Cr) +
#OFS : 1,42,89,367 shares of ₹10(aggregating up to ₹200.05 Cr)

Retail Portion

35% (Number of Retail Applications: 95,806 Approx),
(Number of S-HNI Applications : 978 Approx),
(Number of B-HNI Applications : 1,955 Approx)

Subscription

182.57 times

IPO Docs

DRHP RHP ANCHOR

Standard Glass Lining Technology IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	58,57,875	43,93,405 29,28,937 14,64,468	1,02,51,278	2,05,02,558
Day 1 - 06-01-25 05:00 PM	1.82 x	25.43 23.19 x 29.92 x	14.46 x	13.32 x
Day 2 - 07-01-25 05:00 PM	4.69 x	78.17 76.45 x 81.62 x	32.87 x	34.85 x
Day 3 - 08-01-25 05:00 PM	331.60 x	267.99 294.28 x 215.41 x	63.99 x	182.57 x

Total No. of Applications: 52,39,240 (Approx)

Retail Subscription on the basis of Applications: Retail:52.40x BHNI:61.60x SHNI:212.60x times

Standard Glass Lining Technology Valuations

EPS Pre IPO

₹3.25/-

EPS Post IPO

₹3.64/-

P/E Pre IPO

43.04

P/E Post IPO

38.5

RoNW

20.74%

Standard Glass Lining Technology Company Financials All values are in ₹ Cr.

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	665.38	347.79	298.11
Revenue	549.68	500.08	241.5
Profit After Tax	60.01	53.42	25.15

About The Company

Established in 2012, Standard Glass Lining Technology Limited is an India-based company that deals with the production of special engineering equipment for pharmaceutical and chemical industries. It provides a turnkey solution, involving design, engineering, manufacturing, assembly, and installation, for the entire manufacturing value chain.

They encompass, reaction systems, storage and separation systems, and dryings systems, made from a glass-lined material, and nickel alloys, stainless steel. The company has the most advanced manufacturing units which are eight in number spread over Hyderabad and a very effective sales network all across India, thus ensuring adequate service and delivery.

Operating with marquee clients as Aurobindo Pharma, Laurus Labs and Cadila Pharmaceuticals, amongst others, the company also offers customized solutions, advance technology, and a healthy growth record.

Choose Standard Glass Lining for innovative and reliable solutions in the pharmaceutical and chemical sectors.

Standard Glass Lining Technology - Strength and Weakness

Strength

Top five specialized engineering equipment manufacturers for India’s pharmaceutical and chemical sectors.

Leading manufacturer of glass-lined, stainless steel, and nickel alloy-based equipment in India.

Supplied over 11,000 products in the last decade, meeting diverse sector needs.

In-house manufacturing of stainless steel glass-lined reactors, up to 10KL capacity.

Weakness

Heavy dependence on pharmaceutical and chemical sectors.

Risks from under-utilization of manufacturing capacity.

Dependence on Telangana facilities, subject to risks from disasters and political changes.

Standard Glass Lining Technology - Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Standard Glass	5.74	46.5	20.7%	550
GMM Pfaudler	5.28	55.7	19.6%	3,187
HLE Glascoat	5.82	84.0	8.62%	1,009
Thermax	10.7	77.7	14.2%	9,884

Standard Glass Lining Technology - Promoter(s)

Pre Issue Share Holding: 72.49%

Post Issue Share Holding: N/A%

Company Promoter(s)

Nageswara Rao Kandula
Kandula Krishna Veni
Kandula Ramakrishna
Venkata Mohana Rao Katragadda
Kudaravalli Punna Rao
M/s S2 Engineering Services

Standard Glass Lining Technology IPO - Issue Objectives

Funding of capital expenditure requirements of the Company towards the purchase of machinery and equipment.
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.
Investment in the wholly owned Material Subsidiary, S2 Engineering Industry Private Limited, for funding its capital expenditure requirements towards purchase of machinery and equipment.
Funding inorganic growth through strategic investments and/or acquisitions.
General corporate purposes

Standard Glass Lining Technology IPO - Anchor Investors

Standard Glass Lining raises Rs 123 crore from anchor investors.

Clarus Capital, ICICI Prudential Mutual Fund, Tata Mutual Fund, Motilal Oswal Mutual Fund, 3P India Equity Fund, ITI Mutual Fund, and Massachusetts Institute of Technology are other investors in the company via anchor investment.

Ace investor Akash Prakash-owned Amansa Holdings is the largest buyer among institutional investors, buying 25 lakh shares worth Rs 35 crore. Kotak Asset Management Company picked more than 14 lakh shares worth more than Rs 20 crore, being the second largest buyer.

Other Details

Company Contact Details

Standard Glass Lining Technology

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

Phone: + 040 3518 2204

Email: corporate@standardglr.com

Website: https://www.standardglr.com/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: sgltl.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

Standard Glass Lining Technology IPO - FAQs

Ans. Standard Glass Lining Technology Limited IPO is a Mainboard IPO. The issue is priced at ₹133-140 per equity share. The minimum order quantity is 107 Shares. The IPO opens on Jan 6, 2025, and closes on Jan 8, 2025. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Standard Glass Lining Technology Limited IPO opens on Jan 6, 2025 and closes on Jan 8, 2025.

Ans. The size of Standard Glass Lining Technology Limited IPO is Total ₹410.05 Cr : #Fresh Issue : 1,50,00,000 shares(aggregating up to ₹210.00 Cr) + #OFS : 1,42,89,367 shares of ₹10(aggregating up to ₹200.05 Cr).

Ans. The IPO price band is set between ₹133-140 per equity share.

Ans. To apply for Standard Glass Lining Technology Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Standard Glass Lining Technology Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Standard Glass Lining Technology Limited IPO is Jan 9, 2025.

Ans. The Standard Glass Lining Technology Limited IPO will be listed on Jan 13, 2025.

Ans. Follow the steps to check the allotment status for Standard Glass Lining Technology Limited IPO here.