In this blog, you will find key details about the IPO, including information on its allotment, GMP, and listing date.
The Standard Glass Lining IPO is a book-built issue worth ₹410.05 crores. It includes a fresh issue of 1.50 crore shares, raising ₹210.00 crores, and an offer for sale of 1.43 crore shares, raising ₹200.05 crores.
The IPO will open for subscription on January 6, 2025, and close on January 8, 2025. Allotment of shares is expected to be finalized by Thursday, January 9, 2025. The listing on the NSE and BSE is tentatively set for Monday, January 13, 2025.
The price band for the IPO is ₹133 to ₹140 per share. The minimum application size for retail investors is 107 shares, which requires an investment of ₹14,980. For small and medium investors (sNII), the minimum lot size is 14 lots (1,498 shares), costing ₹2,09,720. For large investors (bNII), the minimum lot size is 67 lots (7,169 shares), requiring an investment of ₹10,03,660.
Standard Glass Lining IPO Details
| IPO Detail | Information |
|---|---|
| IPO Date | January 6, 2025 to January 8, 2025 |
| Listing Date | January 13 |
| Face Value | ₹10 per share |
| Price Band | ₹133 to ₹140 per share |
| Lot Size | 107 Shares |
| Total Issue Size | 2,92,89,367 shares (up to ₹410.05 Cr) |
| Fresh Issue | 1,50,00,000 shares (up to ₹210.00 Cr) |
| Offer for Sale | 1,42,89,367 shares (up to ₹200.05 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share Holding Pre-Issue | 18,44,91,662 shares |
| Share Holding Post-Issue | 19,94,91,662 shares |
Standard Glass Lining IPO Lot Size and Investment Details
| Application Type | 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 |
| S-HNI (Max) | 66 | 7,062 | ₹9,88,680 |
| B-HNI (Min) | 67 | 7,169 | ₹10,03,660 |
About Standard Glass Lining Technology Limited
Incorporated in September 2012, Standard Glass Lining Technology Limited is a leading manufacturer of engineering equipment, primarily serving the pharmaceutical and chemical sectors in India. The company is known for its ability to manage the entire production process in-house, ensuring high-quality and customized solutions for its clients.
Standard Glass Lining Technology offers turnkey solutions that cover the complete spectrum of services, including:
- Design
- Engineering
- Manufacturing
- Assembly
- Installation
- Standard Operating Procedures (SOPs)
The company’s product portfolio includes:
- Reaction Systems
- Storage, Separation, and Drying Systems
These products are designed to meet the specific needs of pharmaceutical and chemical manufacturers, ensuring enhanced operational efficiency and safety.
Company Financials
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ₹756.52 Cr | ₹665.38 Cr | ₹347.79 Cr | ₹298.11 Cr |
| Revenue | ₹312.1 Cr | ₹549.68 Cr | ₹500.08 Cr | ₹241.5 Cr |
| Profit After Tax (PAT) | ₹36.27 Cr | ₹60.01 Cr | ₹53.42 Cr | ₹25.15 Cr |
| Net Worth | ₹447.8 Cr | ₹409.92 Cr | ₹156.67 Cr | ₹69.91 Cr |
| Reserves and Surplus | ₹261.58 Cr | ₹389.18 Cr | ₹139.94 Cr | ₹53.66 Cr |
| Total Borrowing | ₹173.8 Cr | ₹129.32 Cr | ₹81.96 Cr | ₹69.81 Cr |
Note: All figures are in ₹ Crore.
Key Highlights
- Revenue Growth
The company has seen consistent revenue growth, increasing by 10% between FY 2023 and FY 2024. - Profit After Tax (PAT)
PAT rose by 12% from FY 2023 to FY 2024. - Net Worth
Significant growth in net worth, indicating improved financial health. - Borrowings
An increase in total borrowings over the years, indicating expansion activities.
Objects of the Issue (Standard Glass Lining IPO Objectives)
The Company intends to use the net proceeds from the IPO for the following purposes:
- Capital Expenditure
To fund the purchase of machinery and equipment for the Company’s operations. - Repayment of Borrowings
To repay or prepay, in full or in part, certain outstanding borrowings of the Company. - Investment in Subsidiary
To invest in its wholly owned subsidiary, S2 Engineering Industry Private Limited, for the repayment or prepayment of outstanding borrowings of the subsidiary. - Strategic Investments and Acquisitions
To fund inorganic growth through strategic investments and/or acquisitions. - General Corporate Purposes
For any other general corporate expenses or requirements.
These objectives aim to support the company’s expansion, improve operational efficiency, and strengthen its financial position.
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