Standard Glass Lining Technology Limited is a manufacturer of engineering equipment for the pharmaceutical and chemical sectors in India. The company has the capability to manage the entire production process in-house.
The company provides turnkey solutions, including design, engineering, manufacturing, assembly, installation, and standard operating procedures for pharmaceutical and chemical manufacturers.
The company’s product product portfolio includes:
- Reaction Systems;
- Storage, Separation and Drying Systems; and
- Plant, Engineering and Services.
The company manufactures specialized engineering equipment using glass-lined materials, stainless steel, and nickel alloy.
The company’s customer includes Apitoria Pharma Private Limited, Aurobindo Pharma Limited, CCL Food and Beverages Private Limited, Cohance Lifesciences Limited, Cadila Pharmaceutical Limited, Deccan Fine Chemicals (India) Private Limited, Dasami Lab Private Limited, Laurus Labs Limited, Granules India Limited, Macleods Pharmaceuticals Limited, MSN Laboratories Private Limited, Natco Pharma Limited, Honour Lab Limited, Hetero Drugs Limited, Hetero Labs Limited, Hazelo Lab Private Limited, Piramal Pharma Limited, Sanvira Biosciences Private Limited, Suven Pharmaceuticals Limited, Tagros Chemicals India Private Limited, Vamsi Labs Limited and Viyash Life Sciences Private Limited.
The company has eight manufacturing units situated in Hyderabad, Telangana.
The company’s sales offices are situated in Vadodara, Gujarat, Ankleshwar, Gujarat, Mumbai, Maharashtra and Vishakhapatnam, Andhra Pradesh and sales team members are in Jhagadia, Gujarat, Chennai, Tamil Nadu, New Delhi, Bengaluru, Karnataka and Vijayawada, Andhra Pradesh with pan-India reach.
As of September 30, 2024, the company had 460 full-time employees and 731 contract labourers.
Standard Glass Lining IPO – Details
| IPO Opening Date | 06 January 2025 |
| IPO Closing Date | 08 January 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 2,92,89,367 Shares Worth ₹410.05 Crore Fresh Issue: 1,50,00,000 Shares Worth ₹210.00 Crore Offer for Sale: 1,42,89,367 Shares Worth ₹200.05 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹133 – ₹140 per share |
| Market Lot | 107 Shares |
| Min Order | 107 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Standard Glass Lining IPO – Date Schedule
| IPO Open Date | 06 January 2025 |
| IPO Close Date | 08 January 2025 |
| Basis of Allotment | 09 January 2025 |
| Initiation of Refund | 10 January 2025 |
| Credit of Shares to Demat Account | 10 January 2025 |
| IPO Listing Date | 13 January 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 08, 2025 |
Standard Glass Lining IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,980 |
| Retail (Max) | 13 | 1391 | ₹1,94,740 |
| S-HNI (Min) | 14 | 1498 | ₹2,09,720 |
| S-HNI (Max) | 66 | 7062 | ₹9,88,680 |
| B-HNI (Min) | 67 | 7169 | ₹10,03,660 |
Competitive Strengths
- Specialised engineering equipment manufacturers for the pharmaceutical and chemical sectors.
- Customized and innovative range of products throughout 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.
Company Promoters
- Nageswara Rao Kandula
- Kandula Krishna Veni
- Kandula Ramakrishna
- Venkata Mohana Rao Katragadda
- Kudaravalli Punna Rao
- M/s S2 Engineering Services
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 241.50 | 207.73 | 25.14 | 69.81 |
| 31 March 2023 | 500.07 | 428.22 | 53.42 | 81.96 |
| 31 March 2024 | 549.68 | 469.88 | 60.01 | 129.32 |
| 30 September 2024 | 312.09 | 262.35 | 36.26 | 173.8 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 20.74% |
| ROCE | 25.49% |
| Debt/Equity | 0.32 |
| RoNW | 20.74% |
| PAT Margin | 10.92 |
| Price to Book Value | 5.70 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 3.25 | – |
| P/E (x) | 43.04 | – |
Object Of The Issue
- 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 Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | GMM Pfaudler Ltd | 30.64 |
| 2 | 2 | HLE Glascoat Ltd | 56.54 |
| 3 | 2 | Thermax Ltd | 81.24 |
| 4 | 2 | Praj Industries | 52.54 |
Standard Glass Lining IPO Promoter Holding
| Pre Issue Share Holding | 72.49% |
| Post Issue Share Holding | – |
Standard Glass Lining IPO Prospectus
Company Contact Information
| 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/ |
Standard Glass Lining IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: sgltl.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Standard Glass Lining IPO Lead Manager(s)
| 1. IIFL Capital Services Limited 2. Motilal Oswal Investment Advisors Limited |
Standard Glass Lining IPO FAQs
| What is Standard Glass Lining IPO? Standard Glass Lining IPO is a main-board IPO. The issue is priced at ₹133 to ₹140 per equity share. The IPO is to be listed on BSE & NSE. |
| When Standard Glass Lining IPO will open? The IPO is to open on 06 January 2025 for QIB, NII, and Retail Investors. |
| What is Standard Glass Lining IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Standard Glass Lining IPO? You can apply Standard Glass Lining IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Standard Glass Lining IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Standard Glass Lining IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Standard Glass Lining IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Standard Glass Lining IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Standard Glass Lining IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Standard Glass Lining IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Standard Glass Lining IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Standard Glass Lining IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Standard Glass Lining IPO Size? Standard Glass Lining IPO size is ₹410.05 Crore. |
| What is the Standard Glass Lining IPO Price Band? Standard Glass Lining IPO Price Band is ₹133 to ₹140. |
| What is Standard Glass Lining IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 107 Shares with ₹14,980 amount while the maximum bid is 1,391 Shares with ₹1,94,740. |
| What is the Standard Glass Lining IPO Allotment Date? Standard Glass Lining IPO allotment date is 09 January 2025. |
| What is the Standard Glass Lining IPO Listing Date? Standard Glass Lining IPO listing date is 13 January 2025. The IPO is to be listed on BSE and NSE. |
