Standard Glass Lining IPO
- IPO Date06 Jan, 2025 to 08 Jan, 2025
- Listing Date13 Jan, 2025
- Face Value₹10 per share
- Issue Price₹133 to ₹140 per share
- Lot Size107 Shares
- Minimum Investment₹14,980
- Listing AtBSE, NSE
- Total Issue Size2,92,89,367 Shares
(aggregating up to ₹410.05 Cr) - Fresh Issue1,50,00,000 Shares
(aggregating up to ₹210.00 Cr)
- Offer for Sale1,42,89,367 Shares
(aggregating up to ₹200.05 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue18,44,91,662
- Shareholding post issue19,94,91,662
IPO Dates
Closing Date
08 Jan, 2025
Initiation of Refunds
10 Jan, 2025
Listing Date
13 Jan, 2025
06 Jan, 2025
Opening Date
09 Jan, 2025
Basis of Allotment
10 Jan, 2025
Credit of Shares
Standard Glass Lining Lot Size
Investors can bid for a minimum of 107 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Min) | 14 | 1498 | ₹2,09,720 |
| Retail (Min) | 1 | 107 | ₹14,980 |
| B-HNI (Min) | 67 | 7169 | ₹10,03,660 |
| Retail (Max) | 13 | 1391 | ₹1,94,740 |
| S-HNI (Max) | 66 | 7062 | ₹9,88,680 |
Standard Glass Lining Promoter Holding
The Promoters of the Company are Nageswara Rao Kandula, Kandula Krishna Veni, Kandula Ramakrishna, Venkata Mohana Rao Katragadda, Kudaravalli Punna Rao and M/s S2 Engineering Services.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 72.49% | - |
Standard Glass Lining COMPANY INFORMATION
Standard Glass Lining IPO is a book built issue of Rs 410.05 crores. The issue is a combination of fresh issue of 1.50 crore shares aggregating to Rs 210.00 crores and offer for sale of 1.43 crore shares aggregating to Rs 200.05 crores. Standard Glass Lining IPO opens for subscription on January 6, 2025 and closes on January 8, 2025. The allotment for the Standard Glass Lining IPO is expected to be finalized on Thursday, January 9, 2025. Standard Glass Lining IPO will list on NSE, BSE with tentative listing date fixed as Monday, January 13, 2025. Standard Glass Lining IPO price band is set at ₹133 to ₹140 per share. The minimum lot size for an application is 107. The minimum amount of investment required by retail investors is ₹14,980. The minimum lot size investment for sNII is 14 lots (1,498 shares), amounting to ₹2,09,720, and for bNII, it is 67 lots (7,169 shares), amounting to ₹10,03,660. Iifl Securities Ltd, Motilal Oswal Investment Advisors Limited are the book running lead managers of the Standard Glass Lining IPO, while Kfin Technologies Limited is the registrar for the issue.
Incorporated in September 2012, Standard Glass Lining Technology is a manufacturer of engineering equipment for the pharmaceutical and chemical sectors in India. The company has the capability to manage the entire production process in-house.
The company provides turnkey solutions, including design, engineering, manufacturing, assembly, installation, and standard operating procedures for pharmaceutical and chemical manufacturers.
The company's product product portfolio includes
- Reaction Systems;
- Storage, Separation and Drying Systems; and
- Plant, Engineering and Services
The company manufactures specialized engineering equipment using glass-lined materials, stainless steel, and nickel alloy.
The company's customer includes Apitoria Pharma Private Limited, Aurobindo Pharma Limited, CCL Food and Beverages Private Limited, Cohance Lifesciences Limited, Cadila Pharmaceutical Limited, Deccan Fine Chemicals (India) Private Limited, Dasami Lab Private Limited, Laurus Labs Limited, Granules India Limited, Macleods Pharmaceuticals Limited, MSN Laboratories Private Limited, Natco Pharma Limited, Honour Lab Limited, Hetero Drugs Limited, Hetero Labs Limited, Hazelo Lab Private Limited, Piramal Pharma Limited, Sanvira Biosciences Private Limited, Suven Pharmaceuticals Limited, Tagros Chemicals India Private Limited, Vamsi Labs Limited and Viyash Life Sciences Private Limited.
The company has eight manufacturing units situated in Hyderabad, Telangana.
The company's sales offices are situated in Vadodara, Gujarat, Ankleshwar, Gujarat, Mumbai, Maharashtra and Vishakhapatnam, Andhra Pradesh and sales team members are in Jhagadia, Gujarat, Chennai, Tamil Nadu, New Delhi, Bengaluru, Karnataka and Vijayawada, Andhra Pradesh with pan-India reach.
As of September 30, 2024, the company had 460 full-time employees and 731 contract labourers.
Competitive Strength
- Specialised engineering equipment manufacturers for the pharmaceutical and chemical sectors.
- Customized and innovative range of products throughout the entire pharmaceutical and chemical manufacturing value chain.
- Strategically located manufacturing facilities with advanced technological capabilities.
- Long term relationships with marquee clientele across sectors.
- Consistent track record of profitable growth.
FAQs About Standard Glass Lining Ipo
Standard Glass Lining IPO will open on 06 Jan, 2025 and close on 08 Jan, 2025. Investors must apply within this period to participate.
The Standard Glass Lining IPO price band is set between ₹133.00 and ₹140.00 per share. The minimum lot size is 107, requiring an investment of at least ₹14980.00.
The Standard Glass Lining IPO shares are expected to be listed on 13 Jan, 2025, subject to regulatory approvals and final allotment.
You can track your Standard Glass Lining IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Standard Glass Lining IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.