Standard Glass Lining IPO (Standard Glass Lining Technology Limited IPO)
Standard Glass Lining IPO open for bidding on 6th January 2024 and ends on 8th January 2024.
Standard Glass Lining Technology Limited (SGL) specializes in the design, manufacturing, and supply of high-performance glass-lined equipment, primarily catering to the pharmaceutical, chemical, and food processing sectors. With a strong focus on innovation and quality, the company provides robust and reliable solutions that meet the stringent demands of industrial applications.
Incorporated in 2012 and headquartered in Hyderabad, India, SGL operates from a well-equipped manufacturing unit, employing advanced processes and technologies. The company’s commitment to excellence is reflected in its long-standing relationships with leading clients and its reputation as a trusted supplier in the industry.
SGL’s portfolio includes a wide range of glass-lined reactors, storage tanks, and process vessels, enabling it to serve diverse industries. The company is also expanding its presence in international markets, leveraging its expertise to build a global footprint.
For more details refer to Standard Glass Lining IPO RHP and Standard Glass Lining IPO Pulse Score
Standard Glass Lining IPO Details
| IPO Date | 6th January 2024 to 8th January 2024 |
| Listing Date | 13th January 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹133 to ₹140 per share |
| Lot Size | 107 Shares |
| Total Issue Size | 2,96,16,376 shares (aggregating up to ₹410.05 Cr) |
| Fresh Issue | 1,53,27,009 shares (aggregating up to ₹210.00 Cr) |
| Offer for Sale | 1,42,89,367 shares of ₹10 (aggregating up to ₹200.05 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 87,86,809(29.7%) |
| QIB | 57,90,147(19.5%) |
| NII | 45,11,826(15.2%) |
| bNII | 30,07,884(10.1%) |
| sNII | 15,03,942(5.1%) |
| Retail | 1,05,27,594(35.5%) |
| Total | 2,96,16,376(100%) |
Standard Glass Lining IPO Timeline
| IPO Open | 6th January 2025 |
| IPO Close | 8th January 2025 |
| Basis Of Allotment | 9th January 2025 |
| Initiation of Refunds | 10th January 2025 |
| Credit of Shares to Demat | 10th January 2025 |
| Listing Date | 13th January 2025 |
Fundamentals
Data as of 30th September 2024
| Market Cap | ₹2,792.88 Cr | P/E Ratio- Pre IPO | 43.04 |
| RoNW* | 8.06% | P/E Ratio- Post IPO | 38.5 |
| RoCE* | 10.81% | P/B Ratio | 5.70 |
| Debt to Equity | 0.39 | PAT Margin | 11.62% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on post-issue shareholding and annualized FY earnings for September 2024. RoCE and RoNW are for six-month period ended September 30, 2024
Standard Glass Lining IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Funding of capital expenditure requirements of the Company towards 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.
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