The Standard Glass Lining IPO is one of the most anticipated market events. In this guide, we will walk you through everything you need to know: IPO date, price, GMP (Gray Market Premium), and other essential details. Whether you’re a beginner or a seasoned investor, this guide will help you make an informed decision.
What is Standard Glass Lining Technology?
Company Overview: Standard Glass Lining Technology specializes in providing high-quality glass linings used in chemical, pharmaceutical, and other industrial processes. They offer durable solutions for corrosion resistance, which is crucial in these industries.
Why It Matters to Investors: The company is positioned for growth, as its technology serves essential sectors. Investing in their IPO could mean capitalizing on this upward trajectory.
The Standard Glass Lining Technology IPO is set to open for subscription on January 6, 2025, and will close on January 8, 2025. With a total issue size of ₹410.05 crore, the IPO comprises both a fresh issue and an offer for sale (OFS), making it an important event for investors. In this article, we’ll cover everything you need to know about the IPO, including the price band, subscription details, industry outlook, and more.
Industry Outlook
The Indian glass-lined equipment industry is poised for significant growth. Valued at ₹11.5 billion in FY2024, the sector is expected to grow at a compound annual growth rate (CAGR) of 10.1%, reaching ₹18.6 billion by FY2028. Additionally, the filters and dryers market, in which Standard Glass Lining Technology operates, is projected to grow from $1.4 billion in 2023 to $2.12 billion by 2028. The company holds a 35-40% market share, making it a key player in this expanding industry.
Gray Market Premium: Expected: 94-97 (67%).
Standard Glass Lining IPOÂ Details
| IPO Date | January 6, 2025 to January 8, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹133 to ₹140 per share |
| Lot Size | 107 Shares |
| Total Issue Size | 2,92,89,367 shares (aggregating up to ₹410.05 Cr) |
| Fresh Issue | 1,50,00,000 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 |
| Listing At | NSE, BSE |
| Share Holding Pre Issue | 18,44,91,662Â shares |
| Share Holding Post Issue | 19,94,91,662Â shares |
Standard Glass Lining IPOÂ Timeline (Tentative Schedule)
Standard Glass Lining IPO opens on January 6, 2025, and closes on January 8, 2025.
| IPO Open Date | Monday, January 6, 2025 |
| IPO Close Date | Wednesday, January 8, 2025 |
| Basis of Allotment | Thursday, January 9, 2025 |
| Initiation of Refunds | Friday, January 10, 2025 |
| Credit of Shares to Demat | Friday, January 10, 2025 |
| Listing Date | Monday, January 13, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 8, 2025 |
Standard Glass Lining IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Isssue |
IPO Objectives: How Will the Funds Be Used?
The company plans to utilize the net proceeds from the IPO for the following purposes:
- Capital Expenditure: To purchase machinery and equipment.
- Debt Repayment: To reduce outstanding borrowings.
- Investment in Subsidiary: To fund the capital expenditure needs of their wholly owned subsidiary, S2 Engineering Industry Private Limited.
- Inorganic Growth: Through strategic investments and acquisitions.
- General Corporate Purposes: For operational flexibility and growth.
About Standard Glass Lining Technology Limited
Founded in September 2012, Standard Glass Lining Technology Limited specializes in manufacturing engineering equipment, primarily for the pharmaceutical and chemical sectors in India. The company offers comprehensive turnkey solutions that include design, engineering, manufacturing, assembly, and installation.
Their product portfolio includes:
- Reaction Systems
- Storage, Separation, and Drying Systems
- Plant Engineering and Services
They utilize specialized materials such as glass-lined materials, stainless steel, and nickel alloy to manufacture their products.
The company serves a wide range of clients, including major pharmaceutical firms like Aurobindo Pharma, Cadila Pharmaceuticals, and Laurus Labs. With eight manufacturing units in Hyderabad and a solid pan-India presence, Standard Glass Lining Technology has built a strong reputation in the industry.
As of September 30, 2024, the company employs 460 full-time staff and 731 contract laborers, reflecting its large-scale operations.
Conclusion
The Standard Glass Lining Technology IPO presents a significant opportunity for investors, especially those looking to invest in a growing sector. With a strong financial outlook, an expanding market, and a solid reputation in the industry, this IPO could offer attractive long-term potential. Ensure you’re prepared by understanding the key details, such as the price band, allotment process, and how the funds will be utilized. Always remember to assess the risks involved and consult with a financial advisor before making any investment decisions.
Disclaimer:
The information in this article about the Standard Glass Lining Technology IPO is for general purposes only and should not be considered as investment advice. We recommend consulting a financial advisor before making any investment decisions. While efforts have been made to provide accurate details, the information is subject to change. The author and website are not responsible for any financial losses arising from the use of this content.