Standard Glass Lining Technology Limited is coming up with an IPO consisting of a fresh issue of shares worth INR 210 crores and an offer to sell existing shares worth INR 200.05 crores. The company aims to purchase machinery, repay loan, invest in wholly owned subsidiary, inorganic growth and cover general expenses.
Standard Glass Lining IPO – Important Dates
| Standard Glass Lining Technology Limited IPO Date | January 6, 2025 to January 8, 2025 |
| Standard Glass Lining Technology Limited IPO Listing Date | January 13, 2025 |
| Standard Glass Lining Technology Limited IPO Price | INR 133-140 per share |
| Standard Glass Lining Technology Limited IPO Lot Size | 107 Shares |
| Standard Glass Lining Technology Limited IPO Total Issue Size | INR 410.05 crores |
| Standard Glass Lining Technology Limited IPO Basis of Allotment | January 9, 2025 |
| Standard Glass Lining Technology Limited IPO Initiation of Refunds | January 10, 2025 |
| Standard Glass Lining Technology Limited IPO Credit of Shares to Demat | January 10, 2025 |
| Standard Glass Lining Technology Limited IPO Issue Type | Book Built Issue IPO |
| Standard Glass Lining Technology Limited IPO Listing At | BSE NSE |
Standard Glass Lining Technology Limited IPO – Company Profile
Standard Glass Lining Technology are one of the top five specialised engineering equipment manufacturers for pharmaceutical and chemical sectors in India, in terms of revenue in Fiscal 2024, with in-house capabilities across the entire value chain.
The company’s portfolio comprises core equipments used in the manufacturing of pharmaceutical and chemical products, which can be categorised into (i) Reaction Systems, (ii) Storage, Separation and Drying Systems, and (iii) Plant, Engineering and Services (including other ancillary parts).
The company operates through eight manufacturing facilities spread across a built-up/floor area of over 400,000 sq. ft., strategically located in Hyderabad, Telangana, the “Pharma Hub” of India, which accounted for 40.00% of the total Indian bulk drug production in Fiscal 2024.
Standard Glass Lining Technology Ltd IPO Fundamental Analysis
Standard Glass Lining Technology demonstrates stability in profitability, strong equity growth, and improving operational efficiency. However, concerns around equity dilution and declining RONW may impact returns.
- Revenue: Revenue growth of 9.3% in FY2024 is modest, indicating limited top-line expansion. However, the first half of FY2025 revenue accounts for over 56.5% of FY2024 revenue, suggesting potential acceleration.
- Equity and Liabilities: The significant equity growth reflects retained earnings and potential capital infusion, indicating a strong financial foundation. Liabilities have increased but remain well-supported by equity and asset growth.
- Profitability: The PAT growth aligns with revenue expansion, indicating stable profitability, reflecting continued improvement.
- Earnings per Share (EPS): The diluted EPS has risen from INR 3.49 in March 2023 to INR 3.52 by March 2024, reflecting higher earnings per share for investors.
- Financial Position: Total assets have increased, suggesting potential business growth.
Standard Glass Lining IPO Financial Analysis
| Particular | As of 31 March 2023 | As of 31 March 2024 | As of 30 September 2024 |
| Revenue (₹ in millions) | 4,975.88 | 5,436.69 | 3,071.95 |
| Equity (₹ in millions) | 1,557.20 | 4,089.77 | 4,468.57 |
| Expenses (₹ in millions) | 4,282.23 | 4,698.80 | 2,623.59 |
| Profit and Loss After Tax (₹ in millions) | 532.24 | 600.11 | 362.68 |
| Diluted EPS only (₹) | 3.49 | 3.52 | 1.89 (not annualised) |
| Return on Net Worth (%) | 47.56 | 20.74 | 8.06 |
| NAV per Equity Share (₹) | 10.17 | 24.55 | 24.40 |
| Total Assets (in millions) | 3,477.85 | 6,653.77 | 7,565.22 |
| Total Liabilities (in millions) | 1,920.65 | 2,564.0 | 3,096.65 |
| Debt Equity Ratio (in times) | 0.49 | 0.19 | 0.30 |
Standard Glass Lining Technology Limited IPO Peer Comparison
Standard Glass Lining Technology delivers a strong 20.74% RoNW with ₹3.52 EPS. GMM Pfaudler and Praj Industries balance growth with high NAVs of ₹215.22 and ₹69.36, while Thermax leads in revenue but has a high P/E.
| Company | Total Income (₹ in millions) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | NAV (₹ in millions) |
| Standard Glass Lining Technology | 5,496.81 | 10 | NA | 3.52 | 3.52 | 20.74 | 24.55 |
| GMM Pfaudler Ltd | 34,665.00 | 2 | 30.64 | 39.80 | 39.79 | 20.23 | 215.22 |
| HLE Glascoat Ltd | 9,767.36 | 2 | 56.54 | 6.52 | 6.52 | 7.99 | 61.06 |
| Thermax Ltd | 95,560.30 | 2 | 81.24 | 57.30 | 57.28 | 15.53 | 394.10 |
| Praj Industries | 35,097.77 | 2 | 52.54 | 15.42 | 15.42 | 24.09 | 69.36 |
Standard Glass Lining Technology Ltd IPO Objective
Standard Glass Lining Technology plans to allocate INR 10 crore for machinery, INR 60 crore for debt repayment, INR 70 crore for subsidiary funding, INR 20 crore for acquisitions, and remaining funds for corporate purposes.
- Purchase of machinery and equipment: As part of the growth strategy, the company intends to continue to invest in the creation of additional capacities, both for the existing products as well as for the creation of new products. The company plans to invest INR 10 crores for the purchase of machinery.
- Repayment/prepayment, in whole or in part, of certain borrowings: The company plans to utilise INR 60.00 crores from the Net Proceeds towards repayment or prepayment of outstanding borrowings to reduce indebtedness, improve debt-equity ratio, and support future business growth.
- Investment in wholly owned subsidiary-S2 Engineering Industry Private Limited: The Company proposes to invest up to INR 70 crores in its Material Subsidiary entered into between the Company and its Material Subsidiary, for repayment of certain outstanding borrowings availed by S2 Engineering Industry Private Limited, from banks and financial institutions. Investment in its wholly owned Material Subsidiary, S2 Engineering Industry Private Limited, to fund its capital expenditure requirements towards the purchase of machinery and equipment amounting to INR 30 crores.
- Funding inorganic growth through strategic investments and/or acquisitions: The Company proposes to deploy Net Proceeds aggregating up to INR 20 crores towards unidentified inorganic strategic investments and/or acquisitions.
- General corporate purposes: The company will deploy funds for general corporate purposes, including meeting ordinary business expenses, servicing borrowings, brand building, strengthening marketing capabilities, managing contingencies, and other business needs.
Standard Glass Lining Technology IPO Risks And Challenges
Standard Glass Lining Technology relies on the pharmaceutical and chemical sectors, making it vulnerable to downturns. Negative cash flows and high costs for adapting to industry trends and technologies may impact operations, profitability, and financial stability.
- The majority of the customers operate in the pharmaceutical and chemical sectors. Factors that adversely affect these sectors or capital expenditure by companies within these sectors may adversely affect the business, operations, and financial condition.
- The company has witnessed negative cash flow from operating activities in the past. Any negative cash flows in the future would adversely affect the cash flow requirements, which may adversely affect the ability to operate the business and the financial condition.
- Success depends on the ability to understand evolving industry trends and fulfil the changing customer preferences. Further, the cost of implementation of new technologies could be significant.
Standard Glass Lining Technology Ltd IPO – Industry & Market Potential
The Indian chemical industry is estimated to be worth INR 18,040 Bn as of FY 2022-23. It is anticipated to increase at a yearly pace of 9–12% to reach INR27,060 Bn by FY2026-27. As per IBEF, the sector is expected to grow to INR 82,000 Bn by 2040. Indian chemical industry contributes approximately 6.6% of the country’s GDP and accounts for 15-17% of the value of India’s manufacturing sector.
This will be on account of the demand for speciality chemicals from segments like agrochemicals, food additives, construction chemicals, electronic chemicals, water chemicals, polymer additives, dyes and pigments, and surfactants, among others.
Standard Glass Lining Technology Limited IPO – Type of Offer
Standard Glass Lining Technology Limited plans a fresh issue of shares, seeking INR 210 crores to purchase capital equipment, repay borrowings, support subsidiaries, and cover general expenses. Additionally, the company proposes an offer to sell existing shares worth INR 200.05 crores.
- Fresh Issue: The company will issue new shares to raise capital, aiming to collect INR 210 crores. The company intends to purchase capital equipment, repay borrowings, support subsidiaries, and cover general expenses.
- Offer for sale: Standard Glass Lining Technology is offering to sell existing shares worth INR 200.05 crores.
Standard Glass Lining IPO Offer Size
The offer size is INR 410.05 crores, comprising a fresh issue of shares worth INR 210 crores and an offer for sale of shares worth INR 200.05 crores. Standard Glass Lining Technology Limited plans to utilise the proceeds for machinery purchase, loan repayment, subsidiary investment, inorganic growth, and general expenses.
Standard Glass Lining Technology Limited IPO Allotment Structure
Standard Glass Lining Technology’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
How to apply for the Standard Glass Lining IPO?
To apply for the Standard Glass Lining Technology Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Standard Glass Lining Technology Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Standard Glass Lining Technology Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Standard Glass Lining Technology IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Standard Glass Lining Technology Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Standard Glass Lining Technology Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Standard Glass Lining Technology Limited IPO:
● Registrar’s Website: Visit the website of KFin Technologies Limited, the registrar of the Standard Glass Lining Technology Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Standard Glass Lining Technology Ltd IPO Offer Registrar
The registrar for the Standard Glass Lining Technology Limited IPO is KFin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
KFin Technologies Limited Selenium,
Tower-B, Plot No. 31 and 32 Financial
District Nanakramguda, Serilingampally
Hyderabad 500 032 Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Standard Glass Lining Technology IPO – FAQs
1. What is the allotment date of the Standard Glass Lining Technology IPO?
The allotment date of the Standard Glass Lining Technology is January 9, 2025.
2. What is the price band of the Standard Glass Lining Technology IPO?
The price band of the issue is INR 133 to 140 per share.
3. What is the size of the Standard Glass Lining Technology IPO?
The offer size is INR 410.05 crores, comprising a fresh issue of shares worth INR 210 crores and an offer for sale of shares worth INR 200.05 crores. Standard Glass Lining Technology Limited plans to utilise the proceeds for machinery purchase, loan repayment, subsidiary investment, inorganic growth, and general expenses.
4. What is the listing date of the Standard Glass Lining Technology IPO?
The listing date of the Standard Glass Lining Technology is January 13, 2025.
5. Where is the Standard Glass Lining Technology IPO Getting Listed?
Standard Glass Lining Technology is getting listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
6. What are the open and close dates of the Standard Glass Lining Technology IPO?
The open and close dates of Standard Glass Lining Technology are January 6, 2025, and January 8, 2025, respectively.
7. How to apply for Standard Glass Lining Technology and Manufacturing Ltd IPO in Alice Blue?
To apply for the Standard Glass Lining Technology Limited IPO via Alice Blue, open a Demat and trading account, check IPO details, place your bid within the price band, submit the application, and later check the allotment status. Allotment depends on IPO demand.
8. Who are the Book Runners for the Standard Glass Lining Technology IPO?
The Book Runners for Standard Glass Lining Technology are IIFL Capital Services Limited and Motilal Oswal Investment Advisors Limited.
