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Standard Glass Lining IPO is a book build issue of ₹410.05 crores. The issue is a combination of fresh issue of 1.50 crore shares aggregating to ₹210.00 crores and offer for sale of 1.43 crore shares aggregating to ₹200.05 crores.
Standard Glass Lining IPO bidding started from Jan 6, 2025 and ended on Jan 8, 2025. The allotment for Standard Glass Lining IPO was finalized on Jan 9, 2025. The shares got listed on NSE, BSE on Jan 13, 2025.
Standard Glass Lining IPO price band is set at ₹140.00 per share . The lot size for an application is 107. The minimum amount of investment required by an retail is ₹14,231 (107 shares). The lot size investment for sNII is 14 lots (1,498 shares), amounting to ₹2,09,720, and for bNII, it is 67 lots (7,169 shares), amounting to ₹10,03,660.
IIFL Capital Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Standard Glass Lining IPO RHP for detailed Information.
| IPO Date | January 6, 2025 to January 8, 2025 |
| Listing Date | January 13, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹133 to ₹140 per share |
| Issue Price Final | ₹140 per share |
| Lot Size | 107 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| 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) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE, BSE |
| Share Holding Pre Issue | 18,44,91,662 shares |
| Share Holding Post Issue | 19,94,91,662 shares |
Standard Glass Lining IPO offers total 2,92,88,569 shares. Out of which 1,46,43,884 (50.00%) allocated to QIB, 58,57,875 (20.00%) allocated to QIB, 43,93,406 (15.00%) allocated to NII, 1,02,51,279 (35.00%) allocated to RII and 87,86,009 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,46,43,884 (50.00%) | NA |
| − Anchor Investor Shares Offered | 87,86,009 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 58,57,875 (20.00%) | NA |
| NII (HNI) Shares Offered | 43,93,406 (15.00%) | NA |
| − bNII > ₹10L | 29,28,937 (10.00%) | 1,955 |
| − sNII < ₹10L | 14,64,469 (5.00%) | 977 |
| Retail Shares Offered | 1,02,51,279 (35.00%) | 95,806 |
| Total Shares Offered | 2,92,88,569 (100.00%) |
Standard Glass Lining IPO raises ₹123.00 crore from anchor investors. Standard Glass Lining IPO Anchor bid date is January 3, 2025. Standard Glass Lining IPO Anchor Investors list
| Bid Date | January 3, 2025 |
| Shares Offered | 87,86,009 |
| Anchor Portion Size (In Cr.) | 123.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 7, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 8, 2025 |
Standard Glass Lining IPO opens on January 6, 2025, and closes on January 8, 2025.
| IPO Open Date | Mon, Jan 6, 2025 |
| IPO Close Date | Wed, Jan 8, 2025 |
| Tentative Allotment | Thu, Jan 9, 2025 |
| Initiation of Refunds | Fri, Jan 10, 2025 |
| Credit of Shares to Demat | Fri, Jan 10, 2025 |
| Tentative Listing Date | Mon, Jan 13, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 8, 2025 |
Investors can bid for a minimum of 107 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,980 |
| Retail (Max) | 13 | 1,391 | ₹1,94,740 |
| S-HNI (Min) | 14 | 1,498 | ₹2,09,720 |
| S-HNI (Max) | 66 | 7,062 | ₹9,88,680 |
| B-HNI (Min) | 67 | 7,169 | ₹10,03,660 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in September 2012, Standard Glass Lining Technology Limited is a manufacturer of engineering equipment for the pharmaceutical and chemical sectors in India. The company has the capability to manage the entire production process in-house.
The company provides turnkey solutions, including design, engineering, manufacturing, assembly, installation, and standard operating procedures for pharmaceutical and chemical manufacturers.
The company's product product portfolio includes
The company manufactures specialized engineering equipment using glass-lined materials, stainless steel, and nickel alloy.
The company's customer includes Apitoria Pharma Private Limited, Aurobindo Pharma Limited, CCL Food and Beverages Private Limited, Cohance Lifesciences Limited, Cadila Pharmaceutical Limited, Deccan Fine Chemicals (India) Private Limited, Dasami Lab Private Limited, Laurus Labs Limited, Granules India Limited, Macleods Pharmaceuticals Limited, MSN Laboratories Private Limited, Natco Pharma Limited, Honour Lab Limited, Hetero Drugs Limited, Hetero Labs Limited, Hazelo Lab Private Limited, Piramal Pharma Limited, Sanvira Biosciences Private Limited, Suven Pharmaceuticals Limited, Tagros Chemicals India Private Limited, Vamsi Labs Limited and Viyash Life Sciences Private Limited.
The company has eight manufacturing units situated in Hyderabad, Telangana.
The company's sales offices are situated in Vadodara, Gujarat, Ankleshwar, Gujarat, Mumbai, Maharashtra and Vishakhapatnam, Andhra Pradesh and sales team members are in Jhagadia, Gujarat, Chennai, Tamil Nadu, New Delhi, Bengaluru, Karnataka and Vijayawada, Andhra Pradesh with pan-India reach.
As of September 30, 2024, the company had 460 full-time employees and 731 contract labourers.
Competitive Strength
Standard Glass Lining Technology Limited's revenue increased by 10% and profit after tax (PAT) rose by 12% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 756.52 | 665.38 | 347.79 | 298.11 |
| Total Income | 312.1 | 549.68 | 500.08 | 241.5 |
| Profit After Tax | 36.27 | 60.01 | 53.42 | 25.15 |
| Net Worth | 447.8 | 409.92 | 156.67 | 69.91 |
| Reserves and Surplus | 261.58 | 389.18 | 139.94 | 53.66 |
| Total Borrowing | 173.8 | 129.32 | 81.96 | 69.81 |
| Amount in ₹ Crore | ||||
The market capitalization of Standard Glass Lining IPO is ₹2792.88 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 20.74% |
| ROCE | 25.49% |
| Debt/Equity | 0.32 |
| RoNW | 20.74% |
| PAT Margin | 10.92% |
| Price to Book Value | 5.70 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.25 | 3.64 |
| P/E (x) | 43.04 | 38.5 |
The Company proposes to utilize the Net Proceeds towards funding the following objects:
[Dilip Davda] The company enjoys most preferred partner for glass lined equipment used by pharma, chemical sectors in India. The company marked steady growth in its top and bottom lines for the reported periods. Based on FY25 annualized earnings, the issue appears fully priced. Partial reduction of debt and other inorganic growth plans will increase its earnings going forward. Investors may park funds for medium to long term. Read detail review...
| Listing Date | January 13, 2025 |
| BSE Script Code | 544333 |
| NSE Symbol | SGLTL |
| ISIN | INE0M4D01010 |
| Final Issue Price | ₹140 per share |
| NSE Listing Group | EQ (Rolling) |
| BSE Listing Group | B |
Standard Glass Lining Technology Ltd.
10th Floor, PNR High Nest,
Hydernagar, KPHB Colony
Hyderabad- 500085
Hyderabad, Telangana
Phone: + 040 3518 2204
Email: corporate@standardglr.com
Website: https://www.standardglr.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: sgltl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Standard Glass Lining IPO is a main-board IPO of 2,92,89,367 equity shares of the face value of ₹10 aggregating up to ₹410.05 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 107.
The IPO opens on January 6, 2025, and closes on January 8, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE.
Zerodha customers can apply online in Standard Glass Lining IPO using UPI as a payment gateway. Zerodha customers can apply in Standard Glass Lining IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Standard Glass Lining IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Standard Glass Lining IPO opens on January 6, 2025 and closes on January 8, 2025.
Standard Glass Lining IPO lot size is 107, and the minimum amount required for application is ₹14,980.
You can apply in Standard Glass Lining IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Standard Glass Lining IPO will be done on Thursday, January 9, 2025, and the allotted shares will be credited to your demat account by Friday, January 10, 2025. Check the Standard Glass Lining IPO allotment status.
The Standard Glass Lining IPO listing date is on Monday, January 13, 2025.
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