Standard Glass Lining Technology Limited
GMP
185.35 Times
Offer Date
6 Jan 2025 to 8 Jan 2025
Offer Price
₹133 to ₹140
Lot Share
107 Share
Minimum Investment
₹14,980/ 107 Shares
Standard Glass Lining Technology Limited IPO Details
Standard Glass Lining Technology Limited IPO has an issue size of Approx ₹410.05 Crores, with a face value of ₹10 per share and a price band ranging from ₹133 to ₹140 per share.
Opening Date
6 Jan 2025
Closing Date
8 Jan 2025
Allotment Date
9 Jan 2025
Refund Intiated Date
10 Jan 2025
Demat Transfer Date
10 Jan 2025
Issue Size
Approx ₹410.05 Crores
Fresh Issue
Approx ₹210 Crores
Offer for sale
Approx ₹200.05 Crores
Standard Glass Lining Technology Limited Subscription Details
Standard Glass Lining Technology Limited IPO subscription till 8 Jan 2025 04:57:41 pm as QIB quota 327.76x, HNI quota 275.17x and Retail quota 65.49x with the total subscription of 185.35 Times.
Standard Glass Lining Technology Limited IPO Objects Of the Issue
The Company proposes to utilize the Net Proceeds towards funding the following objects:
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 and
General corporate purpose
Retail Quota
35%
QIB Quota
50%
HNI Quota
15%
Retail Applications
95,806 Approx
S-HNI App
978 Approx
B-HNI App
1,955 Approx
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Registrar
Kfin Technologies Limited
Standard Glass Lining Technology Limited Promoters Holdings
Standard Glass Lining Technology Limited Company Financials (in Crore)
As of 30 Sept 2024 , Standard Glass Lining Technology Limited company reported assets of 756.52 Crore, revenue of 312.1 Crore, and a profit after tax of 36.27 Crore.
Standard Glass Lining Technology Limited Peer Groups
GMM Pfaudler Ltd
HLE Glascoat Ltd
Thermax Ltd
Praj Industries
Standard Glass Lining Technology Limited IPO Registrar
Kfin Technologies Limited
Tel: 04067162222 / 04079611000
E-mail: sgltl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Standard Glass Lining Technology Limited Address
Standard Glass Lining Technology Limited
10th Floor, PNR High Nest, Hydernagar, KPHB Colony Hyderabad- 500085
Phone: + 040 3518 2204
E-mail: corporate@standardglr.com
Website: https://www.standardglr.com/
About Standard Glass Lining Technology Limited
Standard Glass Lining Technology Limited, incorporated in September 2012, is a leading manufacturer of engineering equipment catering to the pharmaceutical and chemical sectors in India. The company is fully equipped to manage the entire production process in-house, ensuring high-quality results.
Offering comprehensive turnkey solutions, Standard Glass Lining Technology Limited provides services that encompass design, engineering, manufacturing, assembly, installation, and standard operating procedures, specifically tailored to the needs of pharmaceutical and chemical manufacturers.
The company’s diverse product portfolio includes:
Reaction Systems
Storage, Separation, and Drying Systems
Plant Engineering and Services
The company specializes in manufacturing engineering equipment using materials such as glass-lined steel, stainless steel, and nickel alloys.
Key clients of Standard Glass Lining Technology Limited include renowned names like Apitoria Pharma Private Limited, Aurobindo Pharma Limited, CCL Food and Beverages Private Limited, Cohance Lifesciences Limited, Cadila Pharmaceuticals 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 operates eight manufacturing units located in Hyderabad, Telangana, with sales offices in Vadodara (Gujarat), Ankleshwar (Gujarat), Mumbai (Maharashtra), and Vishakhapatnam (Andhra Pradesh). The company’s sales team is strategically positioned across various cities, including Jhagadia (Gujarat), Chennai (Tamil Nadu), New Delhi, Bengaluru (Karnataka), and Vijayawada (Andhra Pradesh), ensuring a robust pan-India presence.
As of September 30, 2024, Standard Glass Lining Technology Limited employs 460 full-time staff and 731 contract laborers.