Standard Glass Lining Technology Ltd IPO
Open Demat Account
Standard Glass Lining Technology Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 292.89 L | ₹ 142.89 L | ₹ 102.51 L | ₹ 1,337.32 L | BSE | ₹ 410.05 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 06 Jan, 25 | 08 Jan, 25 | 107 | ₹ 14,231 | Book Building | 13 Jan, 25 |
Standard Glass Lining Technology Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 131.11x | 14644684 | 1919991629 |
| NII | 275.74x | 4393405 | 1211447259 |
| Retail | 66.74x | 10251278 | 684217920 |
| Employee | 0x | 0 | 0 |
| Total | 130.27x | 29289367 | 3815656808 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Standard Glass Lining Technology Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 543.67 | 497.59 | 240.19 |
| EBITDA | 44.45 | 36.08 | 28.82 |
| PAT | 26.37 | 20.12 | 15.96 |
| Total Assets | 291.64 | 130.17 | 105.13 |
| Share Capital | 18.16 | 15.78 | 15.30 |
| Total Borrowings | 160.23 | 41.04 | 36.92 |
| Operating Activities (Net Cash) | 31.37 | 24.62 | 19.78 |
| Investing Activities (Net Cash) | 45.57 | 8.38 | 10.19 |
| Financing Activities (Net Cash) | 160.23 | 41.04 | 36.92 |
| Net Cashflow | 48.13 | 5.42 | 0.11 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Standard Glass Lining Technology Ltd
Our Company was incorporated as Standard Glass Lining Technology Private Limited at Hyderabad, as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated September 6, 2012, issued by the Registrar of Companies, Andhra Pradesh. Subsequently, upon the conversion of our Company into a public limited company, pursuant to a special resolution passed by our Shareholders on June 4, 2022, the name of our Company was changed to Standard Glass Lining Technology Limited and a fresh certificate of incorporation dated, June 17, 2022, was issued by the RoC.
The Glass-Lined Equipment (GLE) industry is poised for significant growth, driven by multiple factors. GLE protects the contained media from exposure to water, other chemicals, alkalis, and corrosion, providing a desirable environment for storing the media. GLE is resistant to contamination and capable of operating in a variety of environments. Glass lining technology is extensively used in various industries for its corrosion resistance and durability. The market has grown at a CAGR of 8.6% during CY 2021 to CY 2023 and is expected to grow at a CAGR of 10.1% and generate US$3,400.0 million in revenue during the forecast period.
We are one of the top five specialised engineering equipment manufacturer for pharmaceutical and chemical sectors in India, in terms of revenue in Fiscal 2024, with in house capabilities across the entire value chain. Our capabilities include design, engineering, manufacturing, assembly, installation and commissioning solutions as well as establishing standard operating procedures for pharmaceutical and chemical manufacturers on a turnkey basis.
Peer Comparison:
- GMM Pfaudler Ltd
- HLE Glascoat Ltd
- Thermax Ltd
Standard Glass Lining Technology Ltd IPO Key Points
Strengths
- 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.
Risk
- The company is dependent on its manufacturing facilities, all of which are situated in Telangana, India. The company is subject to risks in relation to its manufacturing process including accidents and natural disasters and also risks arising from changes in the economic or political conditions of Telangana, India which in turn will interfere with its operations and could have an adverse effect on the company business, results of operations and financial condition.
- The company business is dependent on the availability and retainment of skilled labour and workforce, and if its unable to hire and engage the appropriate personnel, the company's business, results of operations and financial condition shall be adversely affected.
- The company is dependent on a limited number of suppliers for its key raw materials such as stainless steel, carbon/ mild steel, nickel alloy, forgings, castings, chemicals and polytetra fluoroethylene powder. The loss of one or more of these suppliers could adversely impact its manufacturing processes and supply timelines, in turn adversely impacting its ability to comply with delivery schedules agreed with clients resulting in impact on its financial condition and results of operations.
Strategy
- Continue to expand and improve our existing product portfolio and enter into additional end-user industries.
- Expand our capacity by increasing the capabilities of our existing manufacturing plants as well as set up new manufacturing plants.
- Capitalise on increasing demand from international markets to grow our exports.
- Grow inorganically through strategic acquisitions and alliances.
- 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.
How To Apply for Standard Glass Lining Technology Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
