Standard Glass Lining IPO Details
The Standard Glass Lining IPO is a book build issue with a total issue size of ₹410.05 cr, comprising of fresh issue of 15000000 equity shares., and a offer for sale of 14289367 equity shares. Standard Glass Lining IPO opened for subscription on Jan 06, 2025 and closed on Jan 08, 2025. Standard Glass Lining IPO is set price band at ₹133 to ₹140 per share, with a lot size of 107 shares. Minimum investment for Retail investors was ₹14,980.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jan 09, 2025, and listed on both the NSE and BSE on Jan 13, 2025.
Kfin Technologies Limited has been appointed as the registrar. IIFL Capital Services Limited and Motilal Oswal Investment Advisors Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Standard Glass Lining IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 133 – 140
- Lot Size
- 107
- Issue Size
- ₹410.05 Cr
- Minimum Investment
- ₹14980 (107 Shares)
- Listing Date
- 13 January 2025
Current GMP
₹50 (+35.71%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Standard Glass Lining Technology Limited
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.
Standard Glass Lining IPO 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%
Standard Glass Lining IPO Objective
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
Book Running Lead Managers
- IIFL Capital Services Limited
- Motilal Oswal Investment Advisors Pvt Ltd
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 with a total issue size of ₹410.05 crore. The Standard Glass Lining IPO price band is ₹133 to 140 per share. The Standard Glass Lining IPO subscription opens on Mon, Jan 6, 2025, and closes on Wed, Jan 8, 2025. The Standard Glass Lining IPO will be listed on the BSE,NSE. Kfin Technologies Limited is the registrar for the Standard Glass Lining IPO.
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 per share.
Standard Glass Lining IPO lot size is 107 shares, Retail investors need a minimum investment of ₹14980 based on the upper price band
The minimum investment for Standard Glass Lining IPO is ₹14980, based on one lot of 107 shares at the upper price band of ₹140 per share.
Investors can apply for the Standard Glass Lining IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Jan 8, 2025. The application amount remains blocked until the Standard Glass Lining IPO allotment is finalized.
Standard Glass Lining IPO issue size is ₹410.05 crores.
Standard Glass Lining IPO allotment date is Wed, Jul 1, 2026.
The registrar for Standard Glass Lining IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Standard Glass Lining IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.