Standard Glass Lining IPO
ListedMainboardOpens 6 January 2025Closes 8 January 2025
Established in 2012, Standard Glass Lining Technology Limited is an India-based company that deals with the production of special engineering equipment for pharmaceutical and chemical industries. It provides a turnkey…
Established in 2012, Standard Glass Lining Technology Limited is an India-based company that deals with the production of special engineering equipment for pharmaceutical and chemical industries. It provides a turnkey solution, involving design, engineering, manufacturing, assembly, and installation, for the entire manufacturing value chain.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
6 Jan 2025
IPO Closes
8 Jan 2025
Allotment
9 Jan 2025
Listing
13 Jan 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 6 January 2025 |
| IPO Close Date | 8 January 2025 |
| Allotment Date | 9 January 2025 |
| Listing Date | 13 January 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,980 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,94,740 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,09,720 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,88,680 |
BHNIAbove ₹10,00,000 | 67 | ₹10,03,660 |
IPO Objectives
- 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.
- General corporate purposes
Strengths
- Top five specialized engineering equipment manufacturers for India’s pharmaceutical and chemical sectors.
- Leading manufacturer of glass-lined, stainless steel, and nickel alloy-based equipment in India.
- Supplied over 11,000 products in the last decade, meeting diverse sector needs.
- In-house manufacturing of stainless steel glass-lined reactors, up to 10KL capacity.
Weaknesses
- Heavy dependence on pharmaceutical and chemical sectors.
- Risks from under-utilization of manufacturing capacity.
- Dependence on Telangana facilities, subject to risks from disasters and political changes.
Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 756.52 | 665.38 | 347.79 | 298.11 |
| Revenue (₹ Cr.) | 312.1 | 549.68 | 500.08 | 241.5 |
| PAT (₹ Cr.) | 36.27 | 60.01 | 53.42 | 25.15 |
| Net Worth (₹ Cr.) | 447.8 | 409.92 | 156.67 | 69.91 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Standard Glass | 5.74 | 46.5 | 20.7% | 550 |
| GMM Pfaudler | 5.28 | 55.7 | 19.6% | 3,187 |
| HLE Glascoat | 5.82 | 84 | 8.62% | 1,009 |
| Thermax | 10.7 | 77.7 | 14.2% | 9,884 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.8x | 4.63x | 327.76x |
| NII | 26.21x | 80.38x | 275.21x |
| S-HNI | 31x | 84.14x | 221.22x |
| B-HNI | 23.81x | 78.51x | 302.21x |
| RII | 15.08x | 33.97x | 65.71x |
| Total | 13.67x | 35.54x | 185.48x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 58,57,875 | 1,91,99,91,629 | 26,879.88 |
| NII | 43,93,405 | 1,20,91,11,770 | 16,927.56 |
| Small NII | 14,64,468 | 32,39,63,258 | 4,535.49 |
| Big NII | 29,28,937 | 88,51,48,512 | 12,392.08 |
| RII | 1,02,51,278 | 67,36,57,448 | 9,431.2 |
| Total | 2,05,02,558 | 3,80,27,60,847 | 53,238.65 |
Company Details
- Standard Glass Lining Technology Limited
- 10th Floor, PNR High Nest, Hydernagar, KPHB Colony Hyderabad- 500085
- + 040 3518 2204
- corporate@standardglr.com
- https://www.standardglr.com/
Registrar Details
- Kfin Technologies Limited
- 04067162222, 04079611000
- sgltl.ipo@kfintech.com
- https://kosmic.kfintech.com/ipostatus/
Frequently Asked Questions
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Sources
We match Standard Glass Lining IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Kfin Technologies LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.