Standard Glass Lining IPO Details: The Standard Glass Lining IPO is scheduled to open on January 6, 2025, and close on January 8, 2025. It follows a Book Built Issue structure, aiming to raise approximately ₹410.05 crores. This includes a fresh issue of ₹210 crores and an offer for sale of up to 1,42,89,367 equity shares, each with a face value of ₹10.
The IPO price band is set between ₹133 and ₹140 per share, with allocation quotas of 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). The shares are expected to be listed on the BSE and NSE on January 13, 2025, while the allotment finalization date is January 9, 2025.
Financially, the company reported a revenue of ₹549.68 crores in 2024, up from ₹500.08 crores in 2023, and a profit of ₹60.01 crores in 2024 compared to ₹53.42 crores in 2023. Considering its financial performance, investors may find this IPO appealing for long-term investment.
Standard Glass Lining IPO Objectives:
The Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding of capital expenditure requirements of the Company towards the purchase of machinery and equipment;
- Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company and investment in the wholly owned Material Subsidiary, S2 Engineering Industry Private Limited, for repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by S2 Engineering Industry Private Limited, from banks and financial institutions;
- Investment in the wholly owned Material Subsidiary, S2 Engineering Industry Private Limited, for funding its capital expenditure requirements towards purchase of machinery and equipment;
- Funding inorganic growth through strategic investments and/or acquisitions and
- General corporate purposes
Standard Glass Lining IPO Review (Apply or Not)
- Update soon
Standard Glass Lining IPO Date & Price Band Details:
| IPO Open Date: | January 6, 2025 |
| IPO Close Date: | January 8, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹133 to ₹140 Per Share |
| Issue Size: | Approx ₹410.05 Crores |
| Fresh Issue: | Approx ₹210 Crores |
| Offer for Sale: | Approx 1,42,89,367 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Standard Glass Lining IPO Lot Size:
The minimum market lot for the Standard Glass Lining IPO is 107 shares, requiring an application amount of ₹14,980. Retail investors can apply for up to 13 lots, totaling 1,391 shares, with an investment amount of ₹1,94,740.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 107 | ₹14,980 |
| Retail Maximum | 13 | 1391 | ₹1,94,740 |
| S-HNI Minimum | 14 | 1,498 | ₹2,09,720 |
| B-HNI Minimum | 67 | 7,169 | ₹10,03,660 |
Standard Glass Lining IPO Timeline:
The Standard Glass Lining IPO will open on January 6 and close on January 8. The allotment will be finalized on January 9, with the IPO listing scheduled for January 13.
| IPO Open Date: | January 6, 2025 |
| IPO Close Date: | January 8, 2025 |
| Basis of Allotment: | January 9, 2025 |
| Refunds: | January 10, 2025 |
| Credit to Demat Account: | January 10, 2025 |
| IPO Listing Date: | January 13, 2025 |
Standard Glass Lining IPO GMP Today:
The latest GMP for the Standard Glass Lining IPO is ₹0. With a price band of ₹140.00, the estimated listing price for the IPO is ₹140 (cap price plus today’s GMP). The expected percentage gain or loss per share is 0.00%.
Promoters of Standard Glass Lining IPO
The promoters of the company are Nageswara Rao Kandula, Kandula Krishna Veni, Kandula Ramakrishna, Venkata Mohana Rao Katragadda, Kudaravalli Punna Rao and M/s S2 Engineering Services.
About Standard Glass Lining IPO
Founded in 2012, Standard Glass Lining Technology Limited specializes in manufacturing engineering equipment for the pharmaceutical and chemical industries. The company handles all processes in-house with high efficiency, offering end-to-end solutions that include designing, engineering, manufacturing, assembling, and installing equipment to establish standard operating procedures for pharmaceutical and chemical companies.
Their customer base spans diverse sectors such as paint, biotechnology, pharmaceuticals, and food & beverages. The company’s growth has been significantly driven by its experienced promoters, who bring strong leadership skills and expertise to the business.
Standard Glass Lining is recognized as a leading manufacturer of glass-lined, stainless steel, and high-alloy equipment, and is one of the top three suppliers of polytetrafluoroethylene and pipeline fittings in India. The firm also provides in-house capabilities for core specialized and significant engineering equipment, having supplied over 11,000 products in the past decade. Notably, it is the only company in India to supply stainless steel glass-lined reactors with a capacity of 10KL.
Standard Glass Lining IPO Company Financial Report
The company reported revenue of ₹549.68 crores in 2024 against ₹500.08 crore in 2023. The company reported profit of ₹60.01 crores in 2024 against Profit of ₹53.42 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹241.5 | ₹207.73 | ₹25.15 | ₹298.11 |
| 2023 | ₹500.08 | ₹428.22 | ₹53.42 | ₹347.79 |
| 2024 | ₹549.68 | ₹469.88 | ₹60.01 | ₹665.38 |
| September 2024 | ₹312.1 | ₹- | ₹36.27 | ₹756.52 |
Standard Glass Lining IPO Valuation – FY2024
Check Standard Glass Lining IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 20.74% |
| ROCE: | 25.49% |
| EBITDA Margin: | 18.36% |
| PAT Margin: | 10.92% |
| Debt to equity ratio: | 0.32 |
| Earning Per Share (EPS): | ₹3.52 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 20.74% |
| Net Asset Value (NAV): | ₹24.55 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| GMM Pfaudler Ltd | 39.80 | 36.05 | 20.23% | 215.22 | 3,466.50 Cr. |
| HLE Glascoat Ltd | 6.52 | 68.04 | 7.99% | 61.06 | 976.74 Cr. |
| Thermax Ltd | 57.30 | 86.63 | 15.53% | 394.10 | 9,556.03 Cr. |
| Praj Industries | 15.42 | 45.53 | 24.09% | 69.36 | 3,509.78 Cr. |
Standard Glass Lining IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: sgltl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Iifl Securities Ltd
- Motilal Oswal Investment Advisors Limited
Company Address
Standard Glass Lining Limited
10th Floor, PNR High Nest,
Hydernagar, KPHB Colony
Hyderabad- 500085
Phone: + 040 3518 2204
Email: corporate@standardglr.com
Website: https://www.standardglr.com/
Standard Glass Lining IPO FAQs
What is Standard Glass Lining IPO?
The Standard Glass Lining IPO is a Mainboard IPO in which the company aims to raise ₹410.05 crores. The issue is priced between ₹133 to ₹140 per equity share, and the shares will be listed on both BSE and NSE.
When will the Standard Glass Lining IPO open for subscription?
The IPO will open for subscription on January 6, 2025, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Investors. The IPO will close on January 8, 2025.
What is the Standard Glass Lining IPO Investors’ Portion?
The investor portions are as follows:
- QIB: 50%
- NII: 15%
- Retail: 35%
How to Apply for the Standard Glass Lining IPO?
You can apply for the Standard Glass Lining IPO through ASBA online via your bank account or via UPI through your stock broker. Alternatively, you can apply by filling out an offline form through your stock broker.
What is the Standard Glass Lining IPO Issue Size?
The total issue size of the Standard Glass Lining IPO is ₹410.05 crores.
What is the Standard Glass Lining IPO Price Band?
The price band for the Standard Glass Lining IPO is ₹133 to ₹140 per share.
What is the Standard Glass Lining IPO Lot Size?
The minimum bid is for 107 shares, amounting to ₹14,980.
What is the Standard Glass Lining IPO Allotment Date?
The IPO allotment date is set for January 10, 2025.
What is the Standard Glass Lining IPO Listing Date?
The Standard Glass Lining IPO is scheduled to be listed on BSE and NSE on January 13, 2025.
