The much-anticipated Standard Glass Lining IPO is set to open for subscription on January 6, 2025, and will close on January 8, 2025. The IPO is a Book Built Issue with a total size of ₹410.05 crores, comprising a fresh issue of ₹210 crores and an offer for sale (OFS) of up to 1.43 crore equity shares. The company aims to list on the BSE and NSE, with the tentative listing date set for January 13, 2025, while the allotment is expected to be finalized on January 9, 2025.
The price band for the Standard Glass Lining IPO is ₹133 to ₹140 per share, and the lot size has been fixed at 107 shares. Retail investors can participate with a minimum investment of ₹14,980, while sNII (small non-institutional investors) can invest in 14 lots amounting to ₹2,09,720. For bNII (big non-institutional investors), the minimum investment is 67 lots, or ₹10,03,660.
With a retail quota of 35%, QIB allocation at 50%, and HNI quota at 15%, the IPO offers a promising opportunity for various categories of investors. The company’s financials reflect a strong performance, with revenue of ₹549.68 crores in 2024, up from ₹500.08 crores in 2023. Similarly, profits rose to ₹60.01 crores in 2024, compared to ₹53.42 crores in 2023.
Note: Investors with a long-term outlook may find the Standard Glass Lining IPO attractive, as the company’s consistent financial growth underpins its potential for value generation in the future.
Overview of Contents
Standard Glass Lining IPO Overview
| IPO Date | January 6, 2025 to January 8, 2025 |
| Listing Date | January 13, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹133 to ₹140 per share |
| Lot Size | 107 Shares |
| Total Issue Size | 2,92,89,367 shares (aggregating up to ₹410.05 Cr) |
| Fresh Issue | 1,50,00,000 shares (aggregating up to ₹ 210.00 Cr) |
| Offer for Sale | 1,42,89,367 shares of ₹10 (aggregating up to ₹200.05 Cr) |
| Listing At | BSE, NSE |
| Issue Type | Book Built Issue IPO |
| Share Holding Pre Issue | 18,44,91,662 shares |
| DRHP Draft Prospectus | Click here |
| RHP Draft Prospectus | Click here |
Standard Glass Lining IPO Market Lot
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 107 | ₹14,980 |
| Retail Maximum | 13 | 1391 | ₹1,94,740 |
| S-HNI Minimum | 14 | 1,498 | ₹2,09,720 |
| B-HNI Minimum | 67 | 7,169 | ₹10,03,660 |
Standard Glass Lining IPO Promoter Holding
The promoters of Standard Glass Lining IPO include key individuals and entities with significant stakes in the company. Below is the pre-issue and post-issue shareholding structure:
| Category | Shareholding Pre-Issue | Shareholding Post-Issue |
|---|---|---|
| Promoters | 72.49% | [To be updated] |
| Public Shareholding | 27.51% | [To be updated] |
Standard Glass Lining IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Isssue |
Standard Glass Lining IPO Dates
| IPO Open Date: | January 6, 2025 |
| IPO Close Date: | January 8, 2025 |
| Basis of Allotment: | January 9, 2025 |
| Refunds: | January 10, 2025 |
| Credit to Demat Account: | January 10, 2025 |
| IPO Listing Date: | January 13, 2025 |
About Standard Glass Lining IPO
Incorporated in September 2012, Standard Glass Lining Technology Limited is a prominent manufacturer of engineering equipment catering to the pharmaceutical and chemical sectors in India. The company specializes in providing end-to-end turnkey solutions, including design, engineering, manufacturing, assembly, installation, and operational support for its clients.
Standard Glass Lining boasts a diverse product portfolio that includes reaction systems, storage, separation and drying systems, and plant engineering services. Utilizing advanced materials such as glass-lined components, stainless steel, and nickel alloys, the company delivers customized and innovative solutions across the entire pharmaceutical and chemical manufacturing value chain.
The company serves a robust client base, including renowned names like Aurobindo Pharma, Laurus Labs, Natco Pharma, Granules India, and Suven Pharmaceuticals. With eight strategically located manufacturing units in Hyderabad, Telangana, and sales offices across key regions in India, the company ensures pan-India reach with an extensive sales team.
As of September 30, 2024, Standard Glass Lining employed 460 full-time employees and 731 contract laborers. Its competitive strengths lie in its specialized engineering capabilities, long-term relationships with marquee clients, advanced manufacturing facilities, and consistent profitability.
Note: The company’s strong industry presence, innovative product range, and client relationships position it as a reliable partner for pharmaceutical and chemical manufacturers.
Standard Glass Lining IPO Company Financial Report
Standard Glass Lining Technology Limited has demonstrated consistent growth in both revenue and profitability. Between the financial years ending March 31, 2023, and March 31, 2024, the company’s revenue increased by 10%, while profit after tax (PAT) rose by 12%.
The company’s financial stability is further supported by its growing assets, net worth, and reserves, highlighting its robust operational and financial performance over the years.
| 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 | ₹312.10 Cr | ₹549.68 Cr | ₹500.08 Cr | ₹241.50 Cr |
| Profit After Tax | ₹36.27 Cr | ₹60.01 Cr | ₹53.42 Cr | ₹25.15 Cr |
| Net Worth | ₹447.80 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 | ₹173.80 Cr | ₹129.32 Cr | ₹81.96 Cr | ₹69.81 Cr |
| Amount in ₹ Crore |
Standard Glass Lining IPO Valuation – FY2024
| KPI | Values |
|---|---|
| Return on Equity (ROE) | 20.74% |
| Return on Capital Employed (ROCE) | 25.49% |
| EBITDA Margin | 18.36% |
| Profit After Tax (PAT) Margin | 10.92% |
| Debt-to-Equity Ratio | 0.32 |
| Earnings Per Share (EPS) | ₹3.52 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 20.74% |
| Net Asset Value (NAV) | ₹24.55 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| GMM Pfaudler Ltd | 39.80 | 36.05 | 20.23% | 215.22 | 3,466.50 Cr. |
| HLE Glascoat Ltd | 6.52 | 68.04 | 7.99% | 61.06 | 976.74 Cr. |
| Thermax Ltd | 57.30 | 86.63 | 15.53% | 394.10 | 9,556.03 Cr. |
| Praj Industries | 15.42 | 45.53 | 24.09% | 69.36 | 3,509.78 Cr. |
Objects of the Issue (Standard Glass Lining IPO Objectives)
Capital Expenditure: Purchase of machinery and equipment for the company.
Debt Repayment: Partial or full repayment of borrowings by the company and its subsidiary, S2 Engineering Industry Private Limited.
Subsidiary Investment: Funding capital expenditure for S2 Engineering Industry Private Limited.
Strategic Growth: Funding inorganic growth through acquisitions or strategic investments.
General Corporate Purposes: Supporting operational and other corporate needs.
Standard Glass Lining IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: sgltl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Company Address
Standard Glass Lining Limited
10th Floor, PNR High Nest,
Hydernagar, KPHB Colony
Hyderabad- 500085
Phone: + 040 3518 2204
Email: corporate@standardglr.com
Website: https://www.standardglr.com/
Standard Glass Lining IPO FAQs
When will the Standard Glass Lining IPO open and close?
The IPO is scheduled to open on January 6, 2025, and close on January 8, 2025.
What is the price band for the Standard Glass Lining IPO?
The price band is set at ₹133 to ₹140 per share.
What is the size of the Standard Glass Lining IPO?
The IPO aims to raise ₹410.05 crore, comprising a fresh issue of ₹210 crore and an offer for sale of up to 1.43 crore equity shares.
Who are the promoters of Standard Glass Lining Technology Limited?
The promoters are Nageswara Rao Kandula, Kandula Krishna Veni, Kandula Ramakrishna, Venkata Mohana Rao Katragadda, Kudaravalli Punna Rao, and M/s S2 Engineering Services.
What is the lot size for the Standard Glass Lining IPO?
The lot size is 107 shares, with a minimum investment of ₹14,980 for retail investors.
Where will the shares of Standard Glass Lining Technology Limited be listed?
The shares will be listed on BSE and NSE.
When will the allotment and listing of shares happen?
The allotment date is expected on January 9, 2025, and the listing date is tentatively set for January 13, 2025.
What is the face value of the shares in this IPO?
The face value of each share is ₹10.
How will the IPO proceeds be utilized?
The proceeds will be used for capital expenditure, debt repayment, subsidiary investment, strategic growth, and general corporate purposes.
What is the pre-issue and post-issue shareholding of promoters?
The pre-issue shareholding is 72.49%, and it will reduce post-issue.