| Standard Glass Lining IPO Review | Standard Glass Lining IPO Subscription | Standard Glass Lining IPO Allotment |
Standard Glass Lining IPO Description – Standard Glass Lining is a specialized engineering equipment manufacturer for the pharmaceutical and chemical sectors in India, Its capabilities include designing, engineering, manufacturing, assembly, installation, and commissioning solutions as well as establishing standard operating procedures for pharmaceutical and chemical manufacturers on a turnkey basis.
The company has a diversified customer base including end users operating in a range of sectors across pharmaceutical, chemicals, paint, biotechnology, and food and beverages. Some of its customers include Apitoria Pharma Private, Aurobindo Pharma, CCL Food and Beverages Private, Cohance Lifesciences, and Cadila Pharmaceutical.
Standard Glass Lining operates through its eight manufacturing facilities located in Hyderabad, Telangana, it has a distribution network in Gujarat, Maharashtra, Andhra Pradesh, Tamil Nadu, and Karnataka. It also has arrangements for the sale and marketing of the products in Bangladesh, and Russia, and resale arrangements for North America, South America, Europe, and certain countries in Asia and Africa.
As of 31 March 2024, the company has 378 full-time employees and 823 contract laborers.
Promoters of Standard Glass Lining – Nageswara Rao Kandula, Kandula Krishna Veni, Kandula Ramakrishna, Venkata Mohana Rao Katragadda, Kudaravalli Punna Rao, and M/S S2 Engineering Services
Table of Contents
Standard Glass Lining IPO Details
| Standard Glass Lining IPO Dates | 6 – 8 January 2025 |
| Standard Glass Lining Issue Price | INR 133 – 140 per share |
| Fresh issue | INR 210 crore |
| Offer For Sale | 1,42,89,367 shares (INR 190.05 – 200.05 crore) |
| Total IPO size | INR 400.05 – 410.05 crore |
| Minimum bid (lot size) | 107 shares (INR 14,980) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Standard Glass Lining Financial Performance
| FY 2022 | FY 2023 | FY 2024 | H1 FY 2025 | |
| Revenue | 240.19 | 497.59 | 543.67 | 307.20 |
| Expenses | 207.73 | 428.22 | 469.88 | 262.36 |
| Net income | 25.14 | 53.42 | 60.01 | 36.27 |
| Margin (%) | 10.47 | 10.74 | 11.04 | 11.81 |
Standard Glass Lining Offer News
- Standard Glass Lining RHP
- Standard Glass Lining DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Standard Glass Lining Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2025 (Post-Issue)* | |
| EPS | 2.22 | 3.49 | 3.52 | 3.64 |
| PE Ratio | – | – | 37.78 – 39.77 | 36.54 – 38.46 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 54.89 | 47.56 | 20.74 |
| NAV | 3.79 | 8.49 | 22.22 |
| ROCE (%) | 42.03 | 43.43 | 25.49 |
| EBITDA (%) | 17.30 | 17.65 | 18.36 |
| Debt/Equity | 1.01 | 0.53 | 0.32 |
Standard Glass Lining IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 11 January 2025 | 70 | – | 5,500 |
| 10 January 2025 | 95 | – | 7,500 |
| 9 January 2025 | 95 | – | 7,500 |
| 8 January 2025 | 95 | – | 7,500 |
| 7 January 2025 | 95 | – | 7,500 |
| 6 January 2025 | 90 | – | 7,000 |
| 4 January 2025 | 85 | – | 6,500 |
| 3 January 2025 | 85 | – | 6,500 |
| 2 January 2025 | 85 | – | 6,500 |
Standard Glass Lining IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding of capital expenditure requirements of the Company towards the purchase of machinery and equipment – INR 10 crore
- Repayment or prepayment of certain outstanding borrowings availed by the Company and investment in its 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 – INR 130 crore
- Investment in its wholly owned Material Subsidiary, S2 Engineering Industry Private Limited, for funding its capital expenditure requirements towards the purchase of machinery and equipment – INR 30 crore
- Funding inorganic growth through strategic investments and/or acquisitions – INR 20 crore
- General corporate purposes
Standard Glass Lining – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Standard Glass Lining | 38.46 | 3.64 | 20.74 | 22.22 | 549.68 |
| GMM Pfaudler | 36.05 | 39.79 | 20.23 | 215.22 | 3,466.50 |
| HLE Glascoa | 68.04 | 6.52 | 7.99 | 61.06 | 976.73 |
| Thermax | 86.63 | 57.28 | 15.53 | 394.10 | 9,556.03 |
| Praj Industries | 45.53 | 15.42 | 24.09 | 69.36 | 3,509.77 |
Standard Glass Lining IPO Dates & Listing Performance
| IPO Opening Date | 6 January 2025 |
| IPO Closing Date | 8 January 2025 |
| Finalization of Basis of Allotment | 9 January 2025 |
| Initiation of refunds | 10 January 2025 |
| Transfer of shares to demat accounts | 10 January 2025 |
| Standard Glass Lining IPO Listing Date | 13 January 2025 |
| Opening Price on NSE | INR 172 per share (up 22.86%) |
| Closing Price on NSE | INR 163.28 per share (up 16.63%) |
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Standard Glass Lining Offer Lead Manager
IIFL SECURITIES LIMITED
24th Floor, One Lodha Place, Senapati Bapat Marg,
Lower Parel (West) Mumbai 400 013 Maharashtra
Phone: +91 22 4646 4728
Email: [email protected]
Website: www.iiflcap.com
Standard Glass Lining Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Standard Glass Lining Contact Details
STANDARD GLASS LINING TECHNOLOGY LIMITED
10th Floor, PNR High Nest, Hydernagar, KPHB Colony,
Hyderabad, Telangana -500085, India
Phone: +040 3518 2204
Email: [email protected]
Website: www.standardglr.com
Standard Glass Lining IPO FAQs
How many shares in Standard Glass Lining IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for a Standard Glass Lining Public Offer?
The best way to apply for Standard Glass Lining public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Standard Glass Lining IPO GMP today?
Standard Glass Lining IPO GMP today is INR 70 per share.
What is the Standard Glass Lining kostak rate today?
Standard Glass Lining kostak rate today is INR NA per application.
What is Standard Glass Lining Subject to Sauda rate today?
Standard Glass Lining Subject to Sauda rate today is INR 5,500 per application.
