Standard Glass Lining IPO

The bidding for the Standard Glass Lining IPO open on January 6, 2025, and   close on January 8, 2025. On Friday, January 9, 2025, the allocation for the Standard Glass Lining IPO is anticipated to be finalized. The tentative listing date for the Standard Glass Lining IPO is set for Tuesday, January 7, 2025, and it will be listed on the NSE and BSE.

This is a book-built issue, the Standard Glass Lining IPO. The business plans to generate about ₹410.05 crores through an initial public offering (IPO), that comprises Total Issue Size 2,92,89,367 shares (aggregating up to ₹410.05 Cr) fresh issue of 1,50,00,000 shares ₹ 210 crores and offer for sale up to 1,42,89,367 equity shares (aggregating up to ₹200.05 Cr) with face value of ₹10 each.

The price range for Standard Glass Lining’s IPO is ₹133 to ₹140 per share per share. The minimum lot size for an application is 107 shares. Retail investors must make a minimum investment of ₹14980, for B-HNI, the minimum lot size investment is 67 lots (7169 shares), or ₹ 10,03,660, and for S-HNI, it is 14 lots (1498 shares), or ₹ 2,09,720. The retail quota is 35%, QIB is 50%, and HNI is 15%.

In 2024, the company’s revenue was ₹ 549.68 crores, compared to ₹ 500.08 crores in 2023. The company’s 2024 profit was ₹ 60.01 crores, compared to ₹ 53.42 crores in 2023.

Standard Glass Lining IPO Details-

IPO Open Date	January 6, 2025
IPO Close Date	January 8, 2025
Listing Date	Monday, January 13, 2025
Price Band	₹133 to ₹140 per share
Lot Size	107 Shares
Total Issue Size	2,92,89,367 shares
Fresh Issue	1,50,00,000 shares
Offer for Sale	1,42,89,367 shares
Issue Type	Book Built Issue
Retail Quata	35%
NII Quata	15%
QIB Quata	50%
Employee Discount	no

 

Standard Glass Lining IPO Schedule (Provisional) –

Standard Glass Lining IPO is scheduled to open on January 6, 2025

and close on January 8, 2025. IPO listing will take place on Monday, January 13, 2025.

IPO Open Date	January 6, 2025
IPO Close Date	January 8, 2025
Basis of Allotment	Thursday, January 9, 2025
Refund Process start	Friday, January 10, 2025
Share Credit to Demat	Friday, January 10, 2025
Listing Date	Monday, January 13, 2025

 

Standard Glass Lining IPO Market Lot Size –

The Standard Glass Lining IPO minimum lot size is 107 shares with ₹14980 application amount. Investors can bid for a minimum of 107 shares and in multiples thereof. The minimum and maximum shares and amounts that retail investors and HNI can invest are shown in the table below.

Application	Lot Size	Shares	Amount
Retail Minimum	1	107	₹14,980
Retail Maximum	13	1391	₹1,94,740
S-HNI Minimum	14	1498	₹2,09,720
S-HNI Maximum	66	7062	₹9,88,680
B-HNI Minimum	67	7169	₹10,03,660

 

Standard Glass Lining IPO Promoters –

The promoters of the company are Nageswara Rao Kandula, Kandula Krishna Veni, Kandula Ramakrishna, Kudaravalli Punna Rao, Venkata Mohana Rao Katragadda, and M/s S2 Engineering Services.

 

Standard Glass Lining Limited Financial Details –

The company reported Profit of ₹60.01 crores in financial year 2024 compared to Profit of ₹53.42 crores in financial year 2023. The company reported revenue of ₹ 549.68 crores in 2024 compared to ₹ 500.08 crore in 2023.

Period Ended	31-Mar-2024	31-Mar-2023		31-Mar-2022
Revenue	549.68	500.08		241.5
Profit After Tax	60.01	53.42		25.15
Net Worth	409.92	156.67		69.91
Expense	469.88	428.22		207.73
Total Debt	129.32	81.96		69.81
					Amount in Crores ₹

 

Standard Glass Lining IPO Key Performance Indicator (KPI) –

Standard Glass Lining ROCE is 25.49%, Pre IPO EPS is ₹3.25.

KPI	Values
ROE	20.74%
ROCE	25.49%
Return on Net Worth (RoNW)	20.74%
PAT Margin	10.92 %
EBITDA Margin	18.36%
EPS	₹3.25
P/E Ratio	43.04
Price to Book Value	NA
Debt to equity	NA

 

Standard Glass Lining IPO Analysis – Optional

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Standard Glass Lining Peer Group –

Company	EPS	PE Ratio
GMM Pfaudler Ltd	39.80	36.05
HLE Glascoat Ltd	6.52	68.04
Thermax Ltd	57.30	86.63
Praj Industries	15.42	45.53

 

 

Standard Glass Lining IPO Lead Managers –

• Iifl Securities Ltd
• Motilal Oswal Investment Advisors Limited

Company’s Contact Details

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/

IPO Registrar’s Details

KFin Technologies Limited Phone: 04067162222, 04079611000 Email: sgltl.ipo@kfintech.com Website: https://kosmic.kfintech.com/signin.aspx

 About Standard Glass Lining Standard Glass Lining –

Incorporated in September 2012, Standard Glass Lining Technology Limited is a manufacturer of engineering equipment for the pharmaceutical and chemical sectors in India. SGL handles all of the processes on its own with efficiency.

SGL provides complete solutions to all such as designing, engineering, manufacturing, assembling, and installing to create standard operating procedures for pharmaceutical and chemical companies. Their consumers are from paint, biotechnology, pharmaceutical, and food beverages. Their promoters play a crucial role in the growth of the company as they are skilled and experts in leadership. It’s famous as an outstanding manufacturing company for glass lined, stainless steel, and high alloy and top three suppliers for polytetrafluoroethylene and pipeline fittings in India.

This firm also provides in-house capabilities core specialized equipment and significant engineering equipment for manufacturing and 11,000 products have been supplied over ten years. 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. The company provides turnkey solutions, including design, engineering, manufacturing, assembly, installation, and standard operating procedures for pharmaceutical and chemical manufacturers.

The company’s product portfolio includes

• Reaction Systems;
• Storage, Separation and Drying Systems.

 

Objects of the Issue –

1. Funding of capital expenditure requirements of the Company towards the purchase of machinery and equipment 10.00 cr (4.76%).
2. 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 130.00 cr (61.90%).
3. Investment in the wholly owned Material Subsidiary, S2 Engineering Industry Private Limited, for funding its capital expenditure requirements towards purchase of machinery and equipment 30.00 cr (14.29%)
4. Funding inorganic growth through strategic investments and/or acquisitions 20.00 cr (9.52%) and
5. General corporate purposes

Strengths –

• The country’s top producer of glass-lined, stainless steel, and nickel alloy-based equipment; the top five specialist engineering equipment makers for the chemical and pharmaceutical industries in India.
• Custom solutions for the food, beverage, chemical, and pharmaceutical industries.
• Over 11,000 goods were supplied in the past ten years to fulfill the needs of various sectors.
• Glass-lined reactors with a capacity of up to 10KL made in-house using stainless steel.
• Active collaborations with GL Hakko and HHV Pumps to improve market position and product offers.
• Outfitted with state-of-the-art laser cutting, welding, and CNC plasma equipment.

Risks –

• Subsidiary loans that the business has guaranteed may result in expenses that reduce profitability.
• Dependency on the chemical and pharmaceutical industries is high.
• Hazards resulting from inadequate use of manufacturing capacity.
• A susceptibility to client payment defaults or delays.
• Being subjected to changes in raw material prices.
• Limited capacity to inflate the cost of raw materials.
• Dependence on Telangana facilities, subject to risks from disasters and political changes.

 

Standard Glass Lining IPO FAQs–

 

What is Standard Glass IPO?

Standard Glass Lining IPO is a Mainline IPO. The company plans to raise ₹410.05 crores through an initial public offering. The issue is priced at ₹133 to ₹140 per equity share. The IPO is to be listed on BSE & NSE.

When Standard Glass IPO will open and close?

The Standard Glass IPO opens on January 6, 2025 and closes on January 8, 2025.

What is Standard Glass IPO Lot Size?

Standard Glass IPO lot size is 107 shares, and the minimum amount required is Rs. 14,980.

What is Standard Glass IPO Price Band?

Standard Glass IPO Price Band is ₹133 to ₹140 per equity share.

What is the Standard Glass IPO Allotment Date?

The Allotment for the Standard Glass Lining IPO will be finalized on Thursday, January 9, 2025, and the allotted shares will be credited to your demat account by Friday, January 10, 2025.

What is the Standard Glass Lining IPO Listing Date?

Standard Glass Lining IPO listing date is Monday, January 13, 2025.

How to Apply the Standard Glass Lining IPO?

You can use your bank account to apply for the Standard Glass Lining IPO online through ASBA. Additionally, you can apply for ASBA online through your stock brokers using UPI. By completing the offline application, you can also apply through your stock brokers.