Standard Glass Lining IPO
Open MainLineCurrent GMP
₹50 (+35.71%)
Price Band
₹ 133 – 140
Lot Size
107
Issue Size
₹410.05 Cr
Minimum Investment
₹14980 (107 Shares)
Listing Date
13 January 2025
Subscription
183.18x
About the Company
Standard Glass Lining Technology Limited is one of India's top engineering equipment manufacturers for the pharmaceutical and chemical sectors, ranked among the top five by revenue in Fiscal 2024. The company offers a comprehensive range of services, including design, engineering, manufacturing, assembly, installation, and turnkey solutions. Its product portfolio includes core equipment for pharmaceutical and chemical manufacturing, categorized into reaction systems, storage and separation systems, and plant engineering services. It is also a leading manufacturer of glass-lined, stainless steel, and nickel alloy-based equipment and PTFE-lined pipelines and fittings.
With in-house capabilities, the company has supplied over 11,000 products over the past decade, and its engineered solutions serve various sectors such as pharmaceuticals, chemicals, food and beverage, biotechnology, and fertilizers. Its products are customized for specific process requirements, optimizing processes like vacuum distillation and solvent recovery.
Standard Glass Lining Technology Limited has a diversified customer base, including 30 pharmaceutical and chemical companies listed in the NSE 500 index. The company operates eight manufacturing facilities in Hyderabad, covering over 400,000 sq. ft., and has a sales, service, and distribution network across India, along with agency agreements in Bangladesh, Russia, and other regions.
The company's growth has been bolstered by partnerships with HHV Pumps, Asahi Glassplant Inc., and GL Hakko Co. Ltd. These collaborations have strengthened its position in the glass lining and vacuum pump markets. The company also benefits from an experienced management team and a strong board with deep industry knowledge, which supports its continued success in the market.
Promoters
- Nageswara Rao Kandula
- Kandula Krishna Veni
- Kandula Ramakrishna
- Venkata Mohana Rao Katragadda
- Kudaravalli Punna Rao
- M/s S2 Engineering Services
Promoters Holding
Holding Pre Issue
72.49%
Holding Post Issue
0.00%
Objects of the Issue
The Company proposes to utilize the Net Proceeds towards funding the following objects:
- 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.
Address / Contact Info
Standard Glass Lining Technology Limited
10th Floor, PNR High Nest,
Hydernagar, KPHB Colony
Hyderabad- 500085
Phone: + 040 3518 2204
Email: corporate@standardglr.com
Website: https://www.standardglr.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 06 January 2025
IPO Close Date
Wednesday, 08 January 2025
Basis of Allotment
Thursday, 09 January 2025
Initiation of Refunds
Friday, 10 January 2025
Credit of Shares to Demat
Friday, 10 January 2025
Listing Date
Monday, 13 January 2025 — NSE & BSE
Important Dates
Open Date
06 January 2025
Close Date
08 January 2025
Basis Of Allotment
09 January 2025
Listing Date
13 January 2025
Financial Performance (₹ in Crores)
| Particular | 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 |
| Reserve & Surplus | 261.58 | 389.18 | 139.94 | 53.66 |
| Total Borrowings | 173.8 | 129.32 | 81.96 | 69.81 |
EPS Pre
3.25%
EPS Post
3.64%
P/E Pre
43.04
P/E (Post Issue)
38.05x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 20.74 |
| ROCE % | 25.49 |
| Debt / Equity | 0.32 |
| RoNW % | 20.74 |
| PbW | 0 |
| Pat Margin % | 10.92 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 8786809 | 30 | 0 |
| Qualified Institutions | 5857875 | 20 | 0 |
| Non-Institutional | 4393405 | 15 | 0 |
| BNII | 2928937 | 10 | 0 |
| SNII | 1464468 | 5 | 0 |
| Retail Investors | 10251278 | 35 | 0 |
| Total | 29289367 | 100 | 0 |
Subscription Status ( Wed, 08 Jan 25 01:07 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 5790147 | 1919991629 | 331.6x |
| Non-Institutional | 4511826 | 1211442551 | 268.5x |
| BNII | 3007884 | 885148512 | 294.28x |
| SNII | 1503942 | 326294039 | 216.96x |
| Retail Investors | 10527594 | 684152543 | 64.99x |
| Total | 20829567 | 3815586723 | 183.18x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 107 | 14,980.00 |
| Retail (Max) | 13 | 1,391 | 194,740.00 |
| S-HNI (Min) | 14 | 1,498 | 209,720.00 |
| S-HNI (Max) | 66 | 7,062 | 988,680.00 |
| B-HNI (Min) | 67 | 7,169 | 1,003,660.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- IIFL Capital Services Limited
- Motilal Oswal Investment Advisors Pvt Ltd
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Standard Glass Lining IPO is a Book-building IPO worth ₹410.05 crores. The price band is ₹133 to 140 per share. The IPO opens on Mon, Jan 6, 2025 and closes on Wed, Jan 8, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Standard Glass Lining IPO opens on Mon, Jan 6, 2025 and closes on Wed, Jan 8, 2025
Standard Glass Lining IPO Price Band is ₹133 to 140.
Standard Glass Lining IPO lot size is 107, and the minimum amount required for application is ₹14980.
The minimum investment for Standard Glass Lining IPO is approximately ₹14980 based on the upper price band.
To apply for the Standard Glass Lining IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Jan 8, 2025. After submission, funds are blocked until the basis of allotment of Standard Glass Lining IPO is finalised.
Standard Glass Lining IPO issue size is ₹410.05 crores.
Standard Glass Lining IPO allotment date is Sat, Jun 27, 2026.
The registrar for Standard Glass Lining IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Standard Glass Lining IPO through their official website or helpline.
The Standard Glass Lining IPO GMP (Grey Market Premium) is ₹50 as of Mon, Jan 13, 2025. Based on the upper price band of ₹140 per share, the estimated Standard Glass Lining IPO listing price is ₹190, indicating a potential listing gain of approximately 31% over the issue price.