Standard Glass Lining IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Mon, 06 Jan 2025
Close Date
Wed, 08 Jan 2025
Price Band
₹ 133 – 140
Lot Size
107
Issue Size
₹ 410.05 Cr
Minimum Investment
₹ 14,980 (107 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Standard Glass Lining IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹410.05 Crore, comprising a fresh issue of 1.50 Crore equity shares aggregating to ₹210.00 Crore and an offer for sale (OFS) of 1.43 Crore equity shares aggregating to ₹200.05 Crore by the existing shareholders.
The Standard Glass Lining IPO remained open for subscription from January 06, 2025, to January 08, 2025. The basis of allotment was finalized on January 09, 2025, and the company's shares were listed on the NSE and BSE on January 13, 2025.
The company had fixed the price band at ₹133 to ₹140 per share, with a lot size of 107 shares. Retail investors were required to make a minimum investment of ₹14,980 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. IIFL Capital Services Limited, and Motilal Oswal Investment Advisors Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Standard Glass Lining Technology Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Standard Glass Lining IPO Timeline (Tentative)
- IPO Open Date
- Mon, 06 Jan 25
- IPO Close Date
- Wed, 08 Jan 25
- Basis of Allotment
- Thu, 09 Jan 25
- Initiation of Refunds
- Fri, 10 Jan 25
- Credit of Shares to Demat
- Fri, 10 Jan 25
- Listing Date
- Mon, 13 Jan 25 — NSE & BSE
Open Date
06 January 2025
Close Date
08 January 2025
Basis Of Allotment
09 January 2025
Listing Date
13 January 2025
IPO Subscription
Check Live Subscription →The Standard Glass Lining IPO has received bids for 3,81,55,86,723 shares against 2,08,29,567 shares offered, resulting in an overall subscription of 183.18x. the NII category is subscribed 268.5x, Retail Investors 64.99x, and QIBs 331.6x. Within the NII category, BNII is subscribed 294.28x, while SNII is subscribed 216.96x.
QIB
331.6x
NII
268.5x
BNII
294.28x
SNII
216.96x
RII
64.99x
Total
183.18x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 1,02,51,278 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 58,57,875 shares (20%), while Non-Institutional Investors (NIIs) receive 43,93,405 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 8,786,809 | 30% |
| Qualified Institutions | 5,857,875 | 20% |
| Non-Institutional | 4,393,405 | 15% |
| BNII | 2,928,937 | 10% |
| SNII | 1,464,468 | 5% |
| Retail Investors | 10,251,278 | 35% |
| Total | 29,289,367 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Standard Glass Lining Technology Limited KPI Information
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 20.74 |
| ROCE % | 25.49 |
| Debt / Equity | 0.32 |
| RoNW % | 20.74 |
| Pat Margin % | 10.92 |
Peers Comparison
No Peer Comparision Available
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.
Standard Glass Lining Technology Limited Address / Contact Details
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
Standard Glass Lining IPO Lot Size
The Standard Glass Lining IPO has a lot size of 107 shares. Retail investors require a minimum investment of ₹14,980 by applying for 1 lot (107 shares). The maximum application allowed for the retail category is 13 lots (1,391 shares), requiring an investment of ₹1,94,740.
| 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 |
Issue Reservation
- Anchor Investors — 30%
- QIB — 20%
- NII — 15%
- RII — 35%
Book Running Lead Managers
- IIFL Capital Services Limited
- Motilal Oswal Investment Advisors Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Standard Glass Lining 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.
When will the Standard Glass Lining IPO open for subscription?
The Standard Glass Lining IPO opens on Mon, Jan 6, 2025 and closes on Wed, Jan 8, 2025
What is Standard Glass Lining IPO Price Band?
Standard Glass Lining IPO Price Band is ₹133 to 140 per share.
What is Standard Glass Lining IPO Lot Size?
Standard Glass Lining IPO lot size is 107 shares, Retail investors need a minimum investment of ₹14980 based on the upper price band
What is the minimum investment for Standard Glass Lining IPO?
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.
How to apply for Standard Glass Lining IPO?
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.
What is Standard Glass Lining IPO Issue Size?
Standard Glass Lining IPO issue size is ₹410.05 crores.
What is the Standard Glass Lining IPO Allotment Date?
Standard Glass Lining IPO allotment date is Thu, Jan 9, 2025.
Who is the Standard Glass Lining IPO Registrar?
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.
What is the Standard Glass Lining IPO GMP?
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 35.71% over the issue price.
Who is the Standard Glass Lining IPO Lead Manager?
The book-running lead managers (BRLMs) for the Standard Glass Lining IPO are IIFL Capital Services Limited, and Motilal Oswal Investment Advisors Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Standard Glass Lining IPO Red Herring Prospectus (RHP).