About Standard Glass Lining Technology:
The company is recognized as one of the top five specialized engineering equipment manufacturers for the pharmaceutical and chemical sectors in India, based on revenue in Fiscal 2024. It possesses in-house capabilities across the entire value chain, including design, engineering, manufacturing, assembly, installation, and commissioning solutions. Additionally, the company provides turnkey services for establishing standard operating procedures for pharmaceutical and chemical manufacturers.
About the Industry in which Standard Glass Lining Technology operates:
The Glass-Lined Equipment (GLE) industry is set for significant growth, driven by several factors. GLE provides protection for contained media from exposure to water, chemicals, alkalis, and corrosion, creating an ideal environment for storage. It is resistant to contamination and capable of operating in diverse environments. Glass lining technology is widely used across various industries due to its corrosion resistance and durability. The market has experienced a CAGR of 8.6% from CY 2021 to CY 2023 and is projected to grow at a CAGR of 10.1%.
| Important Information and Timelines of the IPO of Standard Glass Lining Technology: | |
|---|---|
| Open Date | 6 January 2025 |
| Close Date | 8 January 2025 |
| Total Issue Size – Number of Shares | 29289367 |
| Minimum Bid Price | 133 |
| Maximum Bid Price | 140 |
| Lot Size | 107 |
| Basis of Allotment | 9 January 2025 |
| Initiation of Refunds and Credit of Shares to Demat | 10 January 2025 |
| Listing Date | 13 January 2025 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Standard Glass Lining Technology:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 107 | 14980 |
| Retail – Maximum | 13 | 1391 | 194740 |
| sHNI – Minimum | 14 | 1498 | 209720 |
| sHNI – Maximum | 66 | 7062 | 988680 |
| bHNI – Minimum | 67 | 7169 | 1003660 |
Objective of the IPO of Standard Glass Lining Technology:
The funding will be used for the capital expenditure requirements of the company, including the purchase of machinery and equipment. It will also be allocated for the repayment or prepayment, in whole or in part, of certain outstanding borrowings of the company. Additionally, funds will be directed towards investments in the wholly owned material subsidiary, S2 Engineering Industry Private Limited, to facilitate the repayment or prepayment, in whole or in part, of certain borrowings of S2 Engineering Industry Private Limited from banks and financial institutions. Furthermore, funds will be invested in S2 Engineering Industry Private Limited to support its capital expenditure requirements for the purchase of machinery and equipment. There will also be investment in inorganic growth through strategic investments and/or acquisitions, as well as allocations for general corporate purposes.
Financials of Standard Glass Lining Technology:
| Particulars | Six months period ended September 30, 2024 | Fiscal 2024 | Fiscal 2023 | Fiscal 2022 |
|---|---|---|---|---|
| Equity Share Capital | 1,816.35 | 181.63 | 157.85 | 153.00 |
| Net Worth | 4,478.04 | 4,099.24 | 1,566.67 | 699.06 |
| Total Equity | 4,441.57 | 4,082.87 | 1,566.67 | 699.06 |
| Revenue from Operations | 3,071.95 | 5,436.69 | 4,975.88 | 2,401.87 |
| Restated Profit for the Year/Period | 362.68 | 600.11 | 534.24 | 251.45 |
| Earnings per Equity Share (Basic and Diluted) | ||||
| - Basic (in ₹/Equity Share) | 1.89 | 3.52# | 3.49# | 2.22# |
| - Diluted (in ₹/Equity Share) | 1.89 | 3.52# | 3.49# | 2.22# |
| Net Asset Value per Equity Share (Basic) (in ₹) | 24.40 | 24.55# | 10.17# | 6.08# |
| Total Borrowings | 1,737.95 | 1,293.24 | 819.62 | 698.08 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Standard Glass Lining Technology. You will receive a UPI mandate after 10:00 AM on 6 January 2025.
###1. How to apply for the IPO of Standard Glass Lining Technology on Dhan?
You can apply for the IPO of Standard Glass Lining Technology from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Standard Glass Lining Technology be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 10 January 2025. However, you will be able to see the shares of Standard Glass Lining Technology on Dhan before the market starts on the listing date which is 13 January 2025.