Standard Glass Lining Technology Ltd IPO
Price Range
₹133 - ₹140
-
Min. Quantity
107 Shares
Closes on
8 January 2025
-
Min. investment
₹14,980
Standard Glass Lining Technology Ltd IPO Timeline
| Event | Date |
|---|---|
| Standard Glass Lining Technology Ltd IPO Opening Date | 6 January 2025 |
| Standard Glass Lining Technology Ltd IPO Closing Date | 8 January 2025 |
| Basis of Allotment | 9 January 2025 |
| Initiation of Refunds | 10 January 2025 |
| Credit of Shares to Demat | 10 January 2025 |
| Standard Glass Lining Technology Ltd IPO Listing Date | 13 January 2025 |
Standard Glass Lining Technology Ltd IPO Details
| Standard Glass Lining Technology Ltd IPO Date | 6 January 2025 to 8 January 2025 |
| Standard Glass Lining Technology Ltd IPO Face Value | ₹10 per share |
| Standard Glass Lining Technology Ltd IPO Price | ₹133 to ₹140 per share |
| Standard Glass Lining Technology Ltd IPO Lot Size | 107 |
| Issue Size | Shares of ₹10 (aggregating up to ₹410.05 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹210 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹200.05 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 57,90,147 of the Net Offer |
| Retail Shares Offered | Not less than 1,05,27,594 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 45,11,826 of the Net Offer |
| Company Promoters | Nageswara Rao Kandula, Kandula Krishna Veni, Kandula Ramakrishna |
Standard Glass Lining Technology Ltd IPO Lot Size
The Standard Glass Lining Technology Ltd IPO lot size is 107 shares. A retail-individual investor can apply for up to 13 lots (1,391 shares or ₹1,94,740).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 107 | ₹14,980 |
| Maximum | 13 | 1,391 | ₹1,94,740 |
- Strengths
- Risks
- Opportunities
- 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.
- Strategically located manufacturing facilities with advanced technological capabilities.
- Long term relationships with marquee clientele across sectors.
- Consistent track record of profitable growth.
- Experienced promoters and management team.
Company Financials
Standard Glass Lining Technology Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2025 | 679.46 | 214.58 | 28.65 |
| 03-2024 | 444.56 | 217.13 | 26.38 |
| 03-2023 | 207.66 | 213.65 | 20.12 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding of capital expenditure requirements of the company towards of machinery and equipment
- Repayment or prepayment in full or in part of all or portion of certain outstanding borrowings availed by the company and investment in its wholly ownded material subsidiary S2 Eng.ind. P Ltd for repayment or prepayment in full or in part of all
- Investment in its wholly ownded material subsidiary S2 Engineering Industry Pvt Ltd for funding its capital exp requirements towards purchase of machinery and equipment
- Funding inorganic growth through strategic investment and/or acquisitions
- General corporate purposes
Standard Glass Lining Technology Ltd IPO Promoter Holding
| Pre Issue Share Holding | 4.15% |
| Post Issue Share Holding | 3.45% |
Standard Glass Lining Technology Ltd IPO Subscription Status (Bidding Detail)
The Standard Glass Lining Technology Ltd IPO is subscribed 183.18 times on 8 January 2025 05:00:00 PM. The public issue subscribed 64.9928 times in the retail category, 331.5964 times in the QIB category, and 268.5049 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 331.5964 | 268.5049 | 64.9928 | - | 183.18 |
Standard Glass Lining Technology Ltd IPO Prospectus
Standard Glass Lining Technology Ltd IPO Listing Date
| BSE Script | |
| NSE Symbol | |
| Listing In | BSE, NSE |
| ISIN | INE0M4D01010 |
| IPO Price | ₹- |
| Face Value | ₹- |
Company Contact Information
D.12 Phase-1 IDA Jeedimetla,Hyderabad-500055
Phone: +040 3518 2204
Email: corporate@standardglr.com
Website: www.standardglr.com
Standard Glass Lining Technology Ltd IPO Registrar
Standard Glass Lining Technology Ltd IPO Lead Manager(s)
- IIFL Securities Ltd
- Motilal Oswal Investment Advisors Ltd
How to Check the Allotment Status of Standard Glass Lining Technology Ltd IPO?
To check the IPO allotment status, follow these steps:
- Visit the official website of the IPO registrar.
- Navigate to the IPO Allotment Status page.
- Select “Standard Glass Lining Technology Ltd” from the list of available IPOs.
- Enter any one of these - PAN Number, Application Number, DP/Client ID.
- Click on Submit to view your allotment status.
About Standard Glass Lining Technology Ltd IPO
Standard Glass Lining Technology Limited was incorporated as 'Standard Glass Lining Technology Private Limited' at Hyderabad, dated September 6, 2012, issued by the Registrar of Companies, Andhra Pradesh. Subsequently, the name was changed to 'Standard Glass Lining Technology Limited' and a fresh Certificate of Incorporation dated, June 17, 2022, was issued by the RoC. The Company is engaged in the business of manufacturing and selling of glass lined reactors, receivers and storage tanks and is specialised in providing the turnkey solutions for the pharmaceutical industry sector.