In this article, you’ll learn about Standard Glass Lining IPO, which is going to opens for subscription on January 6, 2025 and closes on January 8, 2025

About Standard Glass Lining

Standard Glass Lining Technology is an engineering equipment manufacturer serving India’s pharmaceutical and chemical industries. The company provides end-to-end solutions, including design, engineering, manufacturing, assembly, installation, and commissioning solutions as well as establishing standard operating procedures for pharmaceutical and chemical manufacturers on a turnkey basis. The company’s product portfolio focuses on essential equipment used in manufacturing processes. It is divided into three main categories – Reaction Systems, Storage, Separation and Drying Systems, and Plant, Engineering, and Services.

Founded in: 2012

Managing director : Mr. Nageswara Rao Kandula

Parent organisation : Standard Glass Lining Technology Ltd

Standard Glass Lining IPO Details

Standard Glass Lining IPO is a book built issue of Rs 410.05 crores. The issue is a combination of fresh issue of 1.50 crore shares aggregating to Rs 210.00 crores and offer for sale of 1.43 crore shares aggregating to Rs 200.05 crores.

Standard Glass Lining IPO opens for subscription on January 6, 2025 and closes on January 8, 2025. The allotment for the Standard Glass Lining IPO is expected to be finalized on Thursday, January 9, 2025. Standard Glass Lining IPO will list on NSE, BSE with tentative listing date fixed as Monday, January 13, 2025.

Standard Glass Lining IPO price band is set at ₹133 to ₹140 per share. The minimum lot size for an application is 107. The minimum amount of investment required by retail investors is ₹14,980. The minimum 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.

Company Financials

Standard Glass Lining Technology Limited Financial Information (Restated Consolidated)

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
Revenue	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

Key Performance Indicator

The market capitalization of Standard Glass Lining IPO is Rs 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

Note:

• The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
• The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Objects of the Issue (Standard Glass Lining IPO Objectives)

The IPO proceeds of Standard Glass Lining Technology are primarily intended for:

• General Corporate Purposes: This broadly encompasses various activities required for the smooth functioning and growth of the company, such as working capital management, administrative expenses, and other operational needs.
• Funding Capital Expenditure:
  • For the Parent Company: To purchase new machinery and equipment to enhance production capacity, improve efficiency, and introduce new technologies.
  • For S2 Engineering Industry Private Limited (Wholly-owned Subsidiary): To fund capital expenditure for the subsidiary’s growth and expansion plans.  
• Debt Reduction:
  • For the Parent Company: To repay or prepay existing borrowings from banks and financial institutions.
  • For S2 Engineering Industry Private Limited: To repay or prepay existing borrowings of the subsidiary.

Strengths & Financials of Standard Glass Lining

• Strong Industry Expertise:
  • Specializes in manufacturing critical equipment for the pharmaceutical and fine chemical industries.
  • Deep understanding of customer needs and industry best practices.
  • Proven track record with over 11,000 products delivered.
• Diverse Product Portfolio:
  • Offers a wide range of products, including reactors, ANFDs, and PTFE-lined components.
  • Ability to cater to various customer requirements and applications.
• Strong Customer Base:
  • Established relationships with major pharmaceutical and chemical companies in India.
  • Ensures consistent demand and long-term market presence.
• Manufacturing Capabilities:
  • High-volume production capacity for key products.
  • Advanced manufacturing technologies (3D CAD, robotic welding, CNC) for precision and efficiency.
• Strategic Partnerships:
  • Collaboration with HHV Pumps for vacuum pump supply and private labeling.
  • Partnership with Asahi Glassplant Inc. and GL Hakko Co. Ltd for high-quality glass, ensuring product quality and reliability.

Financials (FY22 – FY24):

• Revenue from Operations:
  • Steadily increasing from Rs 240.19 crore in FY22 to Rs 497.59 crore in FY23 and further to Rs 543.67 crore in FY24.
• Profit After Tax (PAT):
  • Consistent growth from Rs 25.14 crore in FY22 to Rs 53.42 crore in FY23 and reaching Rs 60.01 crore in FY24.

Top Standard Glass Lining IPO FAQs

What is the issue size of Standard Glass Lining Technology Ltd IPO?

The issue size of the Standard Glass Lining Technology Ltd IPO is 4100500000.00.

What is ‘pre-apply’ for Standard Glass Lining Technology Ltd IPO?

Pre-apply will allow you to apply for the Standard Glass Lining Technology Ltd IPO 2 days before the subscription period starts.

If I pre-apply for Standard Glass Lining Technology Ltd IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Standard Glass Lining Technology Ltd IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Standard Glass Lining Technology Ltd IPO order is placed?

We will notify you when your Standard Glass Lining Technology Ltd IPO order is placed with the exchange.

What are the open and close dates of the Standard Glass Lining Technology Ltd IPO?

Standard Glass Lining Technology Ltd IPO will be open between 06 Jan ’25 and 08 Jan ’25.

What is the lot size and minimum order quantity of the Standard Glass Lining Technology Ltd IPO?

Standard Glass Lining Technology Ltd IPO lot size is 107 and minimum order quantity is 1498.

What is the allotment date for the Standard Glass Lining Technology Ltd IPO?

Standard Glass Lining Technology Ltd IPO allotment date is 09 Jan ’25. For Standard Glass Lining Technology Ltd IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Standard Glass Lining Technology Ltd IPO?

For Standard Glass Lining Technology Ltd, the IPO registrar is KFin Techologies Ltd . You can check Standard Glass Lining Technology Ltd IPO allotment status on the website of the registrar.

Where is the Standard Glass Lining Technology Ltd IPO getting listed?

The shares are proposed to be listed on the BSE and NSE.