The Standard Glass Lining IPO is scheduled to open on January 6, 2025, and will close on January 8, 2025. This Book Built Issue aims to raise approximately ₹410.05 crores, which includes a fresh issue of ₹210 crores and an offer for sale of up to 1,42,89,367 equity shares with a face value of ₹10 each.
The price band for the IPO is set between ₹133 to ₹140 per share. The allocation will be as follows:
- Retail Investors (RII): 35%
- Qualified Institutional Buyers (QIB): 50%
- High Net-worth Individuals (HNI): 15%
The IPO allotment date is January 9, 2025, with the company expected to list on the BSE and NSE on January 13, 2025.
Financial Performance
For FY 2024, Standard Glass Lining reported a revenue of ₹549.68 crores, marking an increase from ₹500.08 crores in FY 2023. The company’s net profit rose to ₹60.01 crores in FY 2024, compared to ₹53.42 crores in FY 2023.
About Standard Glass Lining Technology Limited IPO
Standard Glass Lining Technology Limited is a leading provider of specialized engineering equipment for the pharmaceutical and chemical sectors in India.
Key Features:
- Product Focus: The company specializes in the design, manufacturing, and installation of glass-lined equipment, stainless steel, and nickel alloy equipment.
- End-to-End Solutions: Offers comprehensive turnkey solutions, including design, engineering, manufacturing, assembly, installation, and commissioning, along with establishing standard operating procedures for clients.
- Key Product Categories:
- Reaction Systems
- Storage Systems
- Separation and Drying Systems
- Plant, Engineering, and Services
Standard Glass Lining Technology Limited IPO Details
| Type | Date |
|---|---|
| IPO Open Date: | January 6, 2025 |
| IPO Close Date: | January 8, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹133 to ₹140 Per Share |
| Issue Size: | Approx ₹410.05 Crores |
| Fresh Issue: | Approx ₹210 Crores |
| Offer for Sale: | Approx 1,42,89,367 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Standard Glass Lining Technology Limited IPO Market Lot
The minimum market lot for The Standard Glass Lining IPO is 107 shares, with an application amount of ₹14,980. Retail investors have the option to apply for up to 13 lots, totaling 1,391 shares, with an application amount of ₹1,94,740.
| 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 Technology Limited IPO Dates
The Standard Glass Lining IPO will open for subscription on January 6, 2025, and will close on January 8, 2025. The IPO allotment will be finalized on January 9, 2025, with the company scheduled to list on the BSE and NSE on January 13, 2025.
| Category | Date |
|---|---|
| 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 |
Promoters of Standard Glass Lining Technology Limited IPO
The promoters of Quadrant Future Tek include Nageswara Rao Kandula, Kandula Krishna Veni, Kandula Ramakrishna, Venkata Mohana Rao Katragadda, Kudaravalli Punna Rao, and M/s S2 Engineering Services.
Standard Glass Lining Technology Limited IPO Company Financial Report
The company reported a revenue of ₹549.68 crores in FY 2024, reflecting a growth from ₹500.08 crores in FY 2023. Additionally, the company posted a profit of ₹60.01 crores in FY 2024, an increase from ₹53.42 crores in FY 2023. This demonstrates a strong year-on-year financial performance with notable growth in both revenue and profit.
| 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 Limited IPO Valuation – FY2024
| 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
| 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
The funds raised through the IPO will be utilized for the following purposes:
- Capital Expenditure: To finance the purchase of machinery and equipment for the company’s operations.
- Debt Repayment: To repay or prepay, in full or in part, certain outstanding borrowings availed by the company.
- Investment in Subsidiary: To invest in the wholly-owned material subsidiary, S2 Engineering Industry Private Limited, for the repayment or prepayment of its outstanding borrowings from banks and financial institutions.
- Capital Expenditure of Subsidiary: To fund capital expenditure for S2 Engineering Industry Private Limited towards the purchase of machinery and equipment.
- Strategic Growth: To support inorganic growth through potential strategic investments or acquisitions.
- General Corporate Purposes: To meet other general corporate needs.
Standard Glass Lining Technology Limited IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: sgltl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Motilal Oswal Investment Advisors Limited
- Iifl Securities Ltd
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/
FAQs on Standard Glass Lining Technology Limited
The price band for the Standard Glass Lining Technology IPO was ₹133 to ₹140 per share.
The IPO opened for subscription on January 6, 2025, and closed on January 8, 2025.
The allotment date for the Standard Glass Lining Technology IPO was January 9, 2025.
The shares of Standard Glass Lining Technology are expected to list on the NSE and BSE on January 13, 2025.
Standard Glass Lining Technology specializes in designing and manufacturing specialized engineering equipment for the pharmaceutical and chemical sectors, including glass-lined and stainless steel equipment.
Disclaimer: This information is for general knowledge and informational purposes only and does not constitute investment advice.
