UPI Mandate for Bids placed between 5 PM and before 10 AM will be received after 10 AM.
Offer Date | Jan 06 - Jan 08, 2025 |
Offer Price | ₹ 133-140 |
Lot Size | 107 |
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Standard Glass Lining Technology Limited IPO
Mainboard LiveOffer Date: Jan 6, 2025 - Jan 8, 2025
Exp. Premium: 93-96 (66.43%)
₹ 14980 /107 Shares
Apply*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.
Standard Glass Lining Technology IPO Live Subscription Details
Date
:07 Jan 2025,05:00:00 PM
QIBs
:4.69
NII
:NII (bids above ₹10L): 76.45x
NII (bids below ₹10L): 81.62x
NII Total: 78.17
NII (bids below ₹10L): 81.62x
NII Total: 78.17
Retail
:32.87x
Total
:34.85 times
Standard Glass Lining Technology IPO Details
06 Jan, 2025
Open Date08 Jan, 2025
Close Date09 Jan, 2025
Allotment Date13 Jan, 2025
Listing DateIssue Price
₹133-140 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedMarket 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 LtdMotilal 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
34.85 timesStandard 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 |
Total No. of Applications: 27,21,043 (Approx)
Standard Glass Lining Technology Valuations
EPS Pre IPO
₹3.25/-EPS Post IPO
₹3.64/-P/E Pre IPO
43.04P/E Post IPO
38.5RoNW
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.
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- 500085Registrar Contact Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: sgltl.ipo@kfintech.com
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.
