Standard Glass Lining IPO
Standard Glass Lining IPO – The highly anticipated Standard Glass Lining IPO is set to open on January 6, 2025, and will close on January 8, 2025. This Book Built Issue aims to raise approximately ₹410.05 crores, with a fresh issue of ₹210 crores and an offer for sale of up to 1,42,89,367 equity shares with a face value of ₹10 each.
The IPO price band for Standard Glass Lining is set at ₹133 to ₹140 per share, with a retail quota of 35%, QIB at 50%, and HNI at 15%. Investors can expect the listing on BSE and NSE on January 13, 2025, with the allotment date scheduled for January 9, 2025.
In terms of financial performance, the company reported revenue of ₹549.68 crores in 2024, up from ₹500.08 crores in 2023. Similarly, profits saw an increase to ₹60.01 crores in 2024 compared to ₹53.42 crores in 2023. Based on these figures, IPO investors are advised to consider a long-term investment strategy.
Don’t miss out on the opportunity to be a part of Standard Glass Lining’s exciting IPO journey. Apply now for a chance to be a part of this promising venture.
Standard Glass Lining IPO 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 |
Standard Glass Lining IPO Market Lot
The Standard Glass Lining IPO minimum market lot is 107 shares with ₹14,980 application amount. The retail investors can apply up-to 13 lots with 1391 shares of ₹1,94,740 amount.
| 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 Dates
The Standard Glass Lining IPO date is January 6 and the close date is January 8. The Standard Glass Lining IPO allotment will be finalized on January 9 and the IPO listing on 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 |
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
Standard Glass Lining Technology Limited was founded in 2012 and started manufacturing engineering equipment for pharmaceuticals and chemical areas. It handles all of the processes on its own with efficiency. It provides complete solutions including designing. It also covers engineering, manufacturing, assembling, and installing. These services create standard operating procedures for pharmaceutical and chemical companies.
Their consumers are from paint, biotechnology, pharmaceutical, and food beverages. Their promoters play a crucial role in the growth of the company as they are skilled and experts in leadership. It is famous as an outstanding manufacturing company for glass lined, stainless steel, and high alloy products. It also ranks as one of the top three suppliers for polytetrafluoroethylene and pipeline fittings in India.
This firm also provides in-house capabilities for core specialized equipment. It offers significant engineering equipment for manufacturing. Over ten years, 11,000 products have been supplied. This firm is unique. It is the only firm in India supplying 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. |
Objects of the Issue
- The Company will be allocating funds towards various initiatives, including the purchase of machinery and equipment for capital expenditure requirements.
- Additionally, funds will be used to repay or prepay outstanding borrowings, both in full or in part.
- Investment will also be made in the wholly owned Material Subsidiary, S2 Engineering Industry Private Limited, to assist in the repayment of their outstanding borrowings.
- Furthermore, the Company plans to invest in the Material Subsidiary for their capital expenditure needs related to machinery and equipment.
- Funds will also be allocated for inorganic growth through strategic investments and acquisitions.
- Lastly, the funds will be used for general corporate purposes to support the overall operations of the Company.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.