Standard Glass Lining Technology Limited

Standard Glass Lining Technology Limited

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹133 - ₹140

Total Issue

₹410.05 Cr

Bid Dates

06 Jan - 08 Jan

Subscription

183.18x

Est. GMP

₹32 (22.86%)

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Standard Glass IPO Dates

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Listing

Business Overview

The company is a specialized engineering equipment manufacturer for the pharmaceutical and chemical sectors, with in-house capabilities covering the entire value chain. Its expertise spans designing, engineering, manufacturing, assembly, installation, commissioning, and developing standard operating procedures on a turnkey basis. Over the past decade, it has supplied over 11,000 products. In FY 2024, revenue distribution was 81.79% from the pharmaceutical sector and 12.54% from the chemical sector.

Standard Glass IPO Lot Size

Lot Information for Standard Glass IPO
Category Lots Shares Amount
Retail (Min) 1 107 ₹14,980
Retail (Max) 13 1,391 ₹1,94,740
S-HNI (Min) 14 1,498 ₹2,09,720
S-HNI (Max) 66 7,062 ₹9,88,680
B-HNI (Min) 67 7,169 ₹10,03,660

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
₹0.00
Shareholder
₹0.00

Standard Glass IPO Size

Total ₹410.05 Cr
Fresh Issue
₹210.00 Cr (1.50 Cr Shares)
Offer For Sale
₹200.05 Cr (1.43 Cr Shares)

Objects of Issue

1. Funding of capital expenditure requirements towards purchase of machinery and equipment
2. Repayment of certain outstanding borrowings by company and wholly owned Material Subsidiary

3. Investment in our wholly owned Material Subsidiary, S2 Engineering Industry, for funding its capital expenditure requirements towards purchase of Fixed assets;
4. Funding inorganic growth through strategic investments and/or acquisitions
5. General corporate purposes

Standard Glass IPO Live Subscription

Updated as on 08-Jan-2025 19:00:00

Mainboard Subscription Status for Standard Glass IPO
Category Sub (x) Offered Bids
QIB 327.76 58,57,875 1,91,99,91,629
NII 275.74 43,93,405 1,21,14,47,259
bHNI 302.21 29,28,937 88,51,48,512
sHNI 222.81 14,64,468 32,62,98,747
Retail 66.74 1,02,51,278 68,42,17,920
Total 186.11 2,05,02,558 3,81,56,56,808

Subscription data excludes the Anchor Investor portion.

Standard Glass IPO GMP

GMP ₹32
Est. Price ₹172
Est. Gain 22.86%

Peer Comparison

(Rs. in crores)

Standard Glass IPO Peer Comparison Table
Particulars Standard Glass GMM Pfaudler HLE Glascoat Thermax Praj Industries
Total Income 549.68 3,466.50 976.74 9,556.03 3,509.78
Profit after Tax 60.01 174.10 40.89 643.19 283.39
EPS (Basic) 3.52 39.80 6.52 57.30 15.42
NAV per share 24.55 215.22 61.06 394.10 69.36
Price to Earning 39.77 30.64 56.54 81.24 52.54
EBITDA Margin 18.36% 14.33% 12.38% 10.78% 12.29%
PAT Margin 10.92% 5.02% 4.19% 6.73% 8.07%
Debt equity ratio 0.32 0.94 0.93 0.29 0.13
  • All information pertains to FY 2023-24.
  • PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 20, 2024 for Peers

Financials

(Rs. in crores)

Financial Performance Metrics for Standard Glass IPO
Particulars Sep 24 Mar 24 Mar 23 Mar 22
Revenue from Operations 307.20 543.67 497.59 240.19
Profit after Tax 36.27 60.01 53.42 25.15
Net Worth 447.80 409.92 156.67 69.91
Total Borrowing 173.80 129.32 81.96 69.81
Total Assets 756.52 665.38 347.79 298.11
NAV per share (in ₹) 24.40 24.55 10.17 6.08
EPS - Basic (in ₹) 1.89 3.52 3.49 2.22

KPIs

ROCE

25.49%

ROE

20.74%

Debt to Equity

0.32

EBITDA (%)

18.36%

PAT (%)

10.92%

Price to earning (PE)

39.77

Price to Book (PB)

5.70

  • All the data pertains to FY 2023-24.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Promoter Holding

Promoter

5.40%

Public

94.60%

Kandula Ramakrishna 25.44%
Kandula Krishna Veni 21.45%
M/s S2 Engineering Services 13.02%

Management

Nageswara Rao Kandula Managing Director
Anjaneyulu Pathuri Chief Financial Officer
Sambasiva Rao Gollapudi Non-Executive Chairman

Registrar & Lead Managers

Registrar

KFin Technologies

KFin Technologies

Frequently Asked Questions

What is Standard Glass IPO?
Standard Glass IPO is a Mainboard IPO having an issue size of ₹410.05 Crs. Standard Glass IPO is priced at ₹133 - ₹140 per share. The issue opens on 06 Jan 25 and closes on 08 Jan 25.
When will Standard Glass IPO open?
Standard Glass IPO opens on 06 Jan 25 and closes on 08 Jan 25.
What is the GMP of Standard Glass IPO?
The estimated Grey Market Premium of Standard Glass IPO is ₹32 per share (22.86%).
What is the lot size of Standard Glass IPO?
The minimum lot size of Standard Glass IPO is 107 shares & the minimum application amount is Rs. 14980.
When is the allotment of Standard Glass IPO?
The allotment date of Standard Glass IPO is 09 Jan 25.
What is the listing date of Standard Glass IPO?
The listing date of Standard Glass IPO is 13 Jan 25.
What is the subscription of Standard Glass IPO?
Standard Glass IPO is subscribed 183.18 times.
What is the price band of Standard Glass IPO?
Standard Glass IPO is priced at ₹133 - ₹140 per share.
How to check allotment status of Standard Glass IPO?
Click the allotment link on Standard Glass IPO page of IPO360.
How to apply Standard Glass IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Standard Glass IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Standard Glass IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Standard Glass IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date