Standard Glass Lining Technology is preparing for its initial public offering (IPO), set to open on January 6, 2025, with a price band of ₹133 to ₹140 per share. The company aims to raise approximately ₹410.05 crores through a combination of fresh equity shares and an offer for sale by existing shareholders. As a manufacturer of specialized engineering equipment for the pharmaceutical and chemical sectors, Standard Glass Lining has established a strong market presence with its in-house production capabilities.
₹50
₹140
₹172.00
Expert Opinions
Market sentiment surrounding the Standard Glass Lining IPO is optimistic, reflecting growing investor interest in the engineering and manufacturing sectors, particularly in specialized equipment for pharmaceuticals and chemicals. Company strengths include its established position as one of India’s top manufacturers of glass-lined and stainless steel equipment, along with a solid track record of revenue growth and profitability.
However, risks and challenges include potential fluctuations in raw material costs and competition from both domestic and international players, which could impact margins. Valuation analysis shows the Standard Glass Lining IPO is priced between ₹133-₹140 per share, with a total issue size of ₹410.05 crores, including ₹210 crores in fresh issue and ₹200.05 crores in offer for sale. From a long-term investment perspective, Standard Glass Lining is well-positioned to benefit from increasing demand for efficient manufacturing solutions in the pharmaceutical sector.
Investor Considerations
Company performance and fundamentals indicate a steady growth trajectory, with net profit increasing to ₹58.38 crore in FY2024, up 9.28% from the previous year, reflecting strong operational efficiency. The sector outlook is promising, as the demand for specialized engineering equipment in the pharmaceutical and chemical industries continues to rise, driven by increasing regulatory standards and technological advancements.
IPO valuation shows the company’s FY2024 EPS at ₹3.52, resulting in a P/E ratio of 39.77-40, indicating a premium valuation compared to industry peers. Growth prospects are bolstered by plans for capital expenditure and strategic investments to enhance production capabilities. However, potential risk factors include competition from established manufacturers and fluctuations in raw material costs. A long-term investment horizon is advisable as Standard Glass Lining aims to capitalize on expanding market opportunities while navigating inherent industry challenges effectively.
| Date | GMP | Trend |
|---|---|---|
| 12 Jan 2025 16.33 | ₹50 | Down |
| 11 Jan 2025 12.33 | ₹60 | --- |
| 10 Jan 2025 11.08 | ₹60 | Down |
| 09 Jan 2025 11.05 | ₹85 | Down |
| 08 Jan 2025 10.57 | ₹100 | --- |
| 07 Jan 2025 10.42 | ₹100 | --- |
| 06 Jan 2025 10.51 | ₹100 | --- |
| 05 Jan 2025 10.06 | ₹100 | Up |
| 04 Jan 2025 11.33 | ₹90 | Up |
| 03 Jan 2025 10.54 | ₹80 | --- |
| 02 Jan 2025 10.40 | ₹80 | Up |
| 01 Jan 2025 15.26 | ₹70 | Up |
| 31 Dec 2024 10.39 | ₹00 | --- |
| 30 Dec 2024 11.37 | ₹00 | --- |
| 29 Dec 2024 13.25 | ₹00 | --- |
FAQs
The Grey Market Premium showed good accuracy in predicting Standard Glass Lining Technology’s listing performance. While the GMP of ₹50 predicted a premium of 35.71% over the issue price, the stock delivered a gain of 22.86%. With a relatively small prediction error of 9.47%, the GMP correctly predicted both the positive listing direction and approximate magnitude of gains, though slightly overestimated the final listing premium.
Standard Glass Lining IPO Current GMP is ₹50.
Standard Glass Lining IPO Expected Returns is 35.71%.
Standard Glass Lining IPO estimated listing price is ₹190.