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Standard Glass Lining Technology Ltd IPO

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.

Standard Glass Lining Technology Ltd IPO Details

Total Shares Offered

₹ 2,92,89,367

Offer to Public

1,42,89,367

Retail Max (Shares)

₹ 1,02,51,278

Pre Issue Promoters Holding

₹ 13,37,31,717

Exchange

BSE

Issue size

₹ 410.05 Cr

IPO Open Date

Jan 6, 2025

Close Date

Jan 8, 2025

Lot Size

107

Min Investment

₹ 14,231

Issue Type

Book Building

Listing Date

Jan 13, 2025

Standard Glass Lining Technology Ltd IPO Dates

Jan 6, 2025

Opening date

Jan 8, 2025

Closing date

Jan 9, 2025

Basis of Allotment

Jan 10, 2025

Initiation of Refunds

Jan 10, 2025

Credit of Shares

Jan 13, 2025

Listing date

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

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

131.11x

275.74x

66.74x

130.27x

14644684

4393405

10251278

29289367

1919991629

1211447259

684217920

3815656808

Standard Glass Lining Technology Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	613.66	543.67	497.59
EBITDA	47.92	44.46	36.08
PAT	28.65	26.38	20.12
Total Assets	418.66	292.67	130.17
Share Capital	199.49	18.16	15.78
Total Borrowings	179.34	161.26	41.04
Operating Activities (Net Cash)	33.99	31.38	24.62
Investing Activities (Net Cash)	56.07	45.57	8.38
Financing Activities (Net Cash)	179.34	161.26	41.04
Net Cashflow	116.04	48.13	5.42

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.

Peer Comparison:

GMM Pfaudler Ltd
HLE Glascoat Ltd
Thermax Ltd

Standard Glass Lining Technology Ltd 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.

How To Apply for Standard Glass Lining Technology Ltd IPO Online?

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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.

FAQs on IPO (Initial Public Offering)

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

Standard Glass Lining Technology Ltd's IPO offers shares for up to 210 It begins on Jan 6, 2025 and ends on Jan 8, 2025.

What is the price of the Standard Glass Lining Technology Ltd IPO?

The price of Standard Glass Lining Technology Ltd IPO ranges between ₹133 to ₹140 per share.

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

The Standard Glass Lining Technology Ltd IPO opens on Jan 6, 2025 and closes on Jan 8, 2025.

When will the Standard Glass Lining Technology Ltd IPO be allotted?

The allotment for the Standard Glass Lining Technology Ltd IPO will be finalised on Jan 9, 2025. The shares will be listed on BSE and NSE on Jan 13, 2025.

What is the minimum lot size required for Standard Glass Lining Technology Ltd IPO?

The minimum lot size for Standard Glass Lining Technology Ltd IPO is 107 shares, priced between ₹133 to ₹140 per share.

What is the GMP of Standard Glass Lining Technology Ltd IPO?

The GMP (Grey Market Premium) of Standard Glass Lining Technology Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Standard Glass Lining Technology Ltd IPO?

To check the allotment status of Standard Glass Lining Technology Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

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

The Standard Glass Lining Technology Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jan 6, 2025, and closes on Jan 8, 2025. The allotment is finalised on Jan 9, 2025.

How do you apply for the Standard Glass Lining Technology Ltd IPO?

To apply for the Standard Glass Lining Technology Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.