Standard Glass Lining IPO Details
The key details of Standard Glass Lining’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹410.05 Cr |
| Price Range | ₹133 - ₹140 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 107 |
| Investment (cut-off price) | ₹14,980 |
| Pre IPO Promotor Holding | 72.49% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Standard Glass Lining IPO Timelines
The IPO process for Standard Glass Lining includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
06/01/2025
Start Date08/01/2025
End Date10/01/2025
Refund Initiation10/01/2025
Credit of Shares to Demat Ac13/01/2025
Listing DateStandard Glass Lining IPO Lot Size
The Standard Glass Lining IPO has a fixed lot size of 107 shares, at an upper price band of ₹140 per share, requiring ₹14,980 per lot for retail investors. Retail investors can apply for a maximum of 1,391 shares worth ₹194,740. For Small HNI (S-HNI), the minimum application starts at 1,498 shares (₹209,720) up to 7,062 shares (₹988,680), while Big HNI (B-HNI) requires a minimum of 7,169 shares amounting to ₹1,003,660.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 107 | ₹14,980 |
| Retail Maximum | 13 | 1391 | ₹1,94,740 |
| S-HNI Minimum | 14 | 1498 | ₹2,09,720 |
| S-HNI Maximum | 66 | 7062 | ₹9,88,680 |
| B-HNI Minimum | 67 | 7169 | ₹10,03,660 |
Standard Glass Lining IPO Subscription Status
The subscription status for Standard Glass Lining IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 327.76x | 275.21x | 65.71x | -- | 185.48x |
IPO Performance on Listing Day
On the listing day (January 13, 2025), Standard Glass Lining made a positive debut on the stock exchange. The stock opened at ₹172.00, recording a healthy premium of 22.9% over its issue price of ₹140. During the trading session, the stock showed mixed movement, touching a high of ₹182.00 before witnessing some profit booking that brought it to a low of ₹161.00. The shares ended their first trading day at ₹163.28, securing a decent gain of 16.6% over the issue price, reflecting balanced market sentiment towards this glass lining equipment manufacturer.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹172.00 | ₹163.28 | ₹182.00 | ₹161.00 |
Standard Glass Lining IPO Company Financials
Standard Glass Lining reports robust performance in FY2024 with Total Income of ₹549.68 crores, managing expenses at ₹469.88 crores, and achieving a strong PAT (Profit After Tax) of ₹60.01 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹241.5 | ₹207.73 | ₹25.15 |
| FY 2023 | ₹500.08 | ₹428.22 | ₹53.42 |
| FY 2024 | ₹549.68 | ₹469.88 | ₹60.01 |
| FY 2025 (6 M) | ₹312.1 | ₹- | ₹36.27 |
About Company
Standard Glass Lining Technology, a part of the Standard Group, specializes in manufacturing glass-lined equipment for various industries, especially the chemical and pharmaceutical sectors. Established in 2012, the company operates across eight manufacturing units in Hyderabad, Telangana, and provides a wide range of products such as reaction systems, storage, separation and drying systems, and plant engineering services. With over 50,000 sqft of facilities, the company has the capability to manage the entire production process in-house, from design and engineering to assembly and installation. In 2019, they partnered with Japan’s Hakka Sangyo Co. Ltd. to incorporate advanced glass lining technology into their operations.
The company’s client base includes major pharmaceutical and chemical manufacturers such as Aurobindo Pharma, Cadila Pharmaceuticals, and Macleods Pharmaceuticals, among others. With a pan-India presence, Standard Glass Lining Technology has sales offices in key locations including Vadodara, Mumbai, and New Delhi, and a dedicated sales team spread across various regions. As of September 30, 2024, the company employed 460 full-time staff and 731 contract laborers. Their ability to offer turnkey solutions and a comprehensive service portfolio has positioned them as a trusted partner in the Indian pharmaceutical and chemical industries.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2012 | Manufacturing | Nagesh Rao Kandula |
Know Before Investing
Standard Glass Lining IPO Strengths
- One of the top five manufacturers of specialized equipment for the pharmaceutical and chemical industries in India, covering the entire value chain.
- Offering tailored and innovative products across the pharmaceutical and chemical manufacturing value chain.
- Manufacturing facilities strategically located with cutting-edge technological capabilities.
- Strong, long-term relationships with prominent clients across various sectors.
- A proven history of sustained, profitable growth.
- A skilled and experienced team of promoters and management.
Standard Glass Lining IPO Risks
- Telangana facilities expose us to risks like accidents, disasters, and political/economic changes.
- Losing key customers could significantly affect our revenue.
- Underutilizing production capacity could harm our business.
- Sustaining rapid growth may be challenging.
- Relying on India for most revenue exposes us to local market risks.
- Losing skilled labor could harm our operations.
- Shortages in electricity and water could cause delays and higher costs.
Swot Analysis for Standard Glass Lining IPO
Strengths
Innovative Technology, Strong Manufacturing Capacity, Established Client Base, Comprehensive Service Offering
Weaknesses
Limited Brand Recognition, Dependence on Specific Sectors, High Initial Costs
Opportunities
Growing Market Demand, Expansion Potential, Sustainability Trends
Threats
Intense Competition, Economic Volatility, Regulatory Compliance Risks
Company Details
Standard Glass Lining Technology Limited
10th Floor, PNR High Nest,
Hydernagar, KPHB Colony
Hyderabad- 500085
Phone: + 040 3518 2204
Email: corporate@standardglr.com
Website: https://www.standardglr.com/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: sgltl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of Standard Glass Lining IPO are:
- Funding for the purchase of machinery and equipment for the Company.
- Repayment or prepayment of outstanding borrowings by the Company and its subsidiary, S2 Engineering Industry Private Limited.
- Investment in S2 Engineering to fund its capital expenditure for machinery and equipment.
- Funding inorganic growth through strategic investments or acquisitions.
- General corporate purposes.
IIFL Securities Ltd, Motilal Oswal Investment Advisors Ltd are the book-running lead managers for the Standard Glass Lining IPO.