Standard Glass Lining IPO Details
Discover the details of the Standard Glass Lining IPO, including application dates, issue size, and reasons why investors are eyeing this opportunity.
Standard Glass Lining IPO: An Overview
Standard Glass Lining Limited, established in 2012, is a leading manufacturer of engineering equipment for the pharmaceutical and chemical industries. The company is set to raise ₹410.05 crores through its IPO, with a fresh issue of ₹210 crores and an offer for sale of up to 1,42,89,367 equity shares. With its strong market position, the IPO presents a significant opportunity for investors looking for exposure to this growing sector.
Important Dates
| Event | Date |
|---|---|
| IPO Open Date | January 6, 2025 |
| IPO Close Date | January 8, 2025 |
| Allotment Finalization | January 9, 2025 |
| Listing Date | January 13, 2025 |
IPO Details
- Price Band: ₹133 to ₹140 per share
- Market Lot: 107 shares
- Issue Size: ₹410.05 crores
- Retail Quota: 35%
- Qualified Institutional Buyers (QIB) Quota: 50%
- Non-Institutional Investors (NII) Quota: 15%
Company Insights
Founded in 2012, Standard Glass Lining has positioned itself as a pioneer in the manufacturing of specialized engineering equipment for the pharmaceutical, chemical, and biotech industries. The company provides end-to-end solutions, from design and engineering to manufacturing and installation, ensuring high-quality and efficient operations for its clients. Over the past decade, the company has supplied over 11,000 products and established itself as one of India’s top suppliers of stainless steel and glass-lined reactors with capacities of up to 10KL.
The firm is also a leader in producing polytetrafluoroethylene and pipeline fittings, serving a wide range of industries including paints and food beverages. Its in-house capabilities and commitment to innovation make it a standout in the sector.
Objectives of the IPO
- Capital expenditure for the acquisition of new machinery and equipment.
- Repayment or prepayment of existing borrowings to strengthen the balance sheet.
- Investment in its wholly-owned subsidiary, S2 Engineering, for expansion and strategic growth.
- Funding inorganic growth through acquisitions and partnerships.
- General corporate purposes.
Financial Performance
| Year | Revenue (₹ Crores) | Profit After Tax (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|
| 2022 | 241.5 | 25.15 | 298.11 |
| 2023 | 500.08 | 53.42 | 347.79 |
| 2024 | 549.68 | 60.01 | 665.38 |
Investor Appeal
Standard Glass Lining’s robust financials, diversified clientele, and leadership in the engineering equipment sector make it an attractive choice for investors. With consistent revenue growth and strategic objectives aimed at expansion and innovation, the IPO provides a valuable opportunity for both retail and institutional investors seeking long-term gains.