Standard Glass Lining Technology IPO Details
| IPO Issue Open Date: | 6 January 2025 |
| IPO Issue Close Date: | 8 January 2025 |
| IPO Issue Price Band: | ₹133 to ₹140 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹410.05 Crores | [] shares |
| Fresh Issue: | ₹210.00 Crores | [] shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE,NSE |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Standard Glass Lining Technology IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Standard Glass Lining Technology IPO Dates Timeline
| Issue Open Date: | 6 January 2025 |
| Issue Close Date: | 8 January 2025 |
| Basis of Allotment Date: | 9 January 2025 |
| Refunds Initiation: | 10 January 2025 |
| Shares Credit in Demat: | 10 January 2025 |
| IPO Listing Date Detail: | 13 January 2025 |
Standard Glass Lining Technology IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 107 shares = ₹14,980 |
| Retail (Max) | 13 lots and 1391 shares = ₹1,94,740 |
| HNI (Min) | 14 lots and 1,498 shares = ₹2,09,720 |
| B-HNI Minimum | 67 lots and 7,169 shares = ₹10,03,660 |
Standard Glass Lining Technology IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹90 | ₹6,000 | ₹- | 64% |
| 8th Jan | ₹90 | ₹6,000 | ₹- | 64% |
| 7th Jan | ₹95 | ₹7,000 | ₹- | 68% |
| 6th Jan | ₹90 | ₹7,000 | ₹- | 61% |
| 4th Jan | ₹90 | ₹7,000 | ₹- | 61% |
| 3th Jan | ₹86 | ₹7,000 | ₹- | 61% |
| 2th Jan | ₹83 | ₹7,000 | ₹- | 59% |
| 1th Jan | ₹- | ₹- | ₹- | ₹- |
About Standard Glass Lining Technology
Standard Glass Lining Technology Limited is the leading company in engineering equipment manufacturing for the pharmaceutical and chemical industries. It was established in 2012 and is renowned as one of the top three firms for glass-lined, stainless steel, and high alloy. It is an outstanding company for providing in-house capabilities and core specified equipment and significant engineering equipment for manufacturing and 11,000 products have been supplied over ten years. The promoters of this company are skilled and knowledgeable regarding business and leadership and due to this, the company has grown and offers complete solutions and designing, engineering, manufacturing, assembling, and installing to create standard operating procedures for pharmaceutical and chemical companies. This firm handles all the necessary processes on its own. It is noticeable that this firm is the only firm to provide stainless steel glass-lined rectors suppliers with a capacity of 10KL in India.
Standard Glass Lining Technology IPO Strengths
- One of the top five specialised engineering equipment manufacturers for pharmaceutical and chemical sectors in India with products across entire value chain.
- Customized and innovative product offering across the entire pharmaceutical and chemical manufacturing value chain
Objects of the IPO Issue
- 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 and
- General corporate purposes
Standard Glass Lining Technology Company Financial Report
The company reported revenue of ₹549.68 crores in 2024 against ₹500.08 crores in 2023. The company reported a profit of ₹60.01 crores in 2024 against a loss of ₹53.42 crores in 2023.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹241.5 | ₹207.73 | ₹25.15 | ₹298.11 |
| 2023 | ₹500.08 | ₹428.22 | ₹53.42 | ₹347.79 |
| 2024 | ₹549.68 | ₹469.88 | ₹60.01 | ₹665.38 |
| September 2024 | ₹312.1 | ₹- | ₹36.27 | ₹756.52 |
Standard Glass Lining Technology IPO Valuation – Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | 20.74% |
| ROCE: | 25.49% |
| EBITDA Margin: | 18.36% |
| PAT Margin: | 10.92% |
| Debt to equity ratio: | 0.32 |
| Earning Per Share (EPS): | ₹3.52 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 20.74% |
| Net Asset Value (NAV): | ₹24.55 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| 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. |
Standard Glass Lining Technology IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: sgltl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Standard Glass Lining Technology IPO Lead Manager
- Iifl Securities Ltd
- Motilal Oswal Investment Advisors Limited
Standard Glass Lining Technology IPO allotment status check on Kfin Technologies website. Click on Kfin Technologies to get allotment status.
Promoters of Standard Glass Lining Technology
- Nageswara Rao Kandula
- Kandula Krishna Veni
- Kandula Ramakrishna
- Venkata Mohana Rao Katragadda
- Kudaravalli Punna Rao
- M/S S2 Engineering Services
Company Address
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/