The highly anticipated Standard Glass Lining IPO subscription starts on 6 January 2025 and ends on 8 January 2025. With a target of approximately INR 400.05 – 410.05 crore, this initial public offering is expected to attract significant investor attention. The share price band is set between INR 133 – 140 per share requiring a minimum investment of INR 14,980 for a single lot of 107 shares.
The distribution of shares among investor categories has been allocated as follows:
- Retail Individual Investors (RII): 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
Standard Glass Lining IPO Subscription Status
The subscription status for the Standard Glass Lining IPO is being closely monitored. Here are the latest subscription figures across different investor categories:
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
Standard Glass Lining – Business Overview
Standard Glass Lining Technology (SGL) is a prominent glass-lined equipment manufacturer, primarily serving India’s pharmaceutical and chemical sectors. Established in 2012 and headquartered in Hyderabad, Telangana, SGL has rapidly positioned itself among the top five specialized engineering equipment manufacturers in these industries based on revenue for the fiscal year 2024. The company adheres to various international standards including ISO, DIN, ASME, and API, ensuring high-quality production and service delivery. SGL specializes in a comprehensive range of products that include:
- Glass-Lined Reactors
- Storage Tanks
- Heat Exchangers
- Dryers
- Separation and Drying Systems
SGL operates eight manufacturing facilities with a total built-up area exceeding 400,000 square feet. These facilities are equipped with advanced technologies that enable the production of up to 300 glass-lined vessels per month, ranging in size from 63 to 40,000 liters. The company employs over 600 skilled professionals and utilizes modern manufacturing techniques such as 3D CAD design and robotic welding.
In FY 2024, SGL reported a revenue growth of 9% year-on-year, reaching INR 544 crore, with a profit after-tax increase of 13% to INR 60 crore. For the first half of FY 2024, revenues stood at INR 307 crore with profits of INR 36 crore.
Understanding Investor Categories
The Standard Glass Lining IPO is structured to cater to three main investor categories:
- Qualified Institutional Buyers (QIB):
- Includes entities like mutual funds and foreign institutional investors.
- Allocated 50% of the total offering.
- Non-Institutional Investors (NII):
- Comprises high-net-worth individuals investing more than INR 200,000.
- Receives approximately 15% of the shares.
- Retail Individual Investors (RII):
- Designed for investors bidding up to INR 200,000.
- Allotted 35% of the total shares.
Important Dates for the Standard Glass Lining IPO
- IPO Opening Date: 6 January 2025
- IPO Closing Date: 8 January 2025
- Allotment Date: Expected on or around 9 January 2025
- Listing Date: Scheduled for 13 January 2025
Value-Added Insights for Investors
Before investing in the Standard Glass Lining IPO, evaluating the company’s market positioning and growth potential within its sector is crucial. Additionally, understanding regulatory changes and industry dynamics can provide a clearer picture of potential risks and rewards. Leveraging IPO Central’s expert opinions can enhance decision-making and help identify long-term growth opportunities.
Standard Glass Lining IPO Subscription FAQs
How can I apply for the Standard Glass Lining IPO?
Investors can apply through their bank’s ASBA facility or an online trading platform their stockbroker provides. Ensure you have an active Demat account for a seamless process.
What is the expected listing price for Standard Glass Lining shares?
While exact listing prices are uncertain, monitoring the Grey Market Premium (GMP) and market trends can indicate the potential performance on listing day.
When will the Standard Glass Lining IPO be listed?
When will the Standard Glass Lining IPO subscription start?
Standard Glass Lining IPO subscription starts on 6 January 2025 and ends on 8 January 2025.
