January 13, 2025
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Standard Glass Lining IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Standard Glass Lining IPO?
The IPO is subscribed 65.71 times and on 13th January, the shares are listed at Rs. 172, premium of 22.86% over the issue price.
What is the latest GMP of Standard Glass Lining IPO?
Grey market is expected to have good fancy for the IPO.
Standard Glass Lining IPO Subscriptions
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 327.76 | 302.21 | 221.21 | 275.21 | 65.71 | 185.48 |
| Applications: 52,39,243 / (?x) Amount wise Bids recd. Rs. ? Crore |
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What are the promoters of Standard Glass Lining IPO?
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.
What are the Objects of Standard Glass Lining IPO?
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
The Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding of capital expenditure requirements of the Company towards the purchase of machinery and equipment;
- Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company and investment in the wholly owned Material Subsidiary, S2 Engineering Industry Private Limited, for repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by S2 Engineering Industry Private Limited, from banks and financial institutions;
- Investment in the wholly owned Material Subsidiary, S2 Engineering Industry Private Limited, for funding its capital expenditure requirements towards purchase of machinery and equipment;
- Funding inorganic growth through strategic investments and/or acquisitions and
- General corporate purposes
What is the business of Standard Glass Lining?
Standard Glass Lining is one of the top five specialised engineering equipment manufacturer for pharmaceutical and chemical sectors in India, in terms of revenue in Fiscal 2024, with in house capabilities across the entire value chain. Its capabilities include designing, engineering, manufacturing, assembly, installation and commissioning solutions as well as establishing standard operating procedures for pharmaceutical and chemical manufacturers on a turnkey basis. Its portfolio comprises core equipments used in the manufacturing of pharmaceutical and chemical products, which can be categorized into: (i) Reaction Systems; (ii) Storage, Separation and Drying Systems; and (iii) Plant, Engineering and Services (including other ancillary parts). It is also one of India’s top three manufacturers of glass-lined, stainless steel, and nickel alloy based specialised engineering equipment, in terms of revenue in Fiscal 2024.
It is also one of the top three suppliers of polytetrafluoroethylene (“PTFE”) lined pipelines and fittings in India, in terms of revenue in Fiscal 2024. It has been the fastest-growing company in the industry in which it operate during the past three completed Fiscals in terms of revenue. The company possesses in-house capabilities to manufacture all the core specialised engineering equipment required in the active pharmaceutical ingredient (“API”) and fine chemical products manufacturing process. Over the last decade it has supplied over 11,000 products
For more information, click https://www.standardglr.com/
Standard Glass Lining IPO GMP, Particulars & Guidance
| Standard Glass Lining IPO Details | |
| IPO opens on | 6 January, 2025 |
| IPO closes on | 8 January, 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 29289367 Shares / Rs 410.05 Cr |
| * Fresh Issue | 150,00000 Share / Rs 210 Cr |
| * Offer for Sale | 14289367 Shares / Rs 200.05 Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 133-140 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 107 Shares |
| Listing will at | BSE, NSE |
| Shares offered in Standard Glass Lining? | Shares | Rs. in Crore |
| QIB (50 %) | 14644683 | 205.03 |
| NII (15 %) | 4393405 | 61.51 |
| RII (35 %) | 10251278 | 143.51 |
| Employees | – | – |
| Total Shares | 29289367 | 410.05 |
| Retail portion will be oversubscribed by | 95806 Forms. | |
| How to apply in Standard Glass Lining IPO ? | Amount Rs. |
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| Min Retail Application | 107 | 14980 |
| Max Retail Application | 1391 | 194740 |
| Small HNI (Min) application | 1498 | 209720 |
| Small HNI (Max) application | 7062 | 988680 |
| Big HNI Application | 7169 | 1003660 |
| What is the timetable of Standard Glass Linings IPO? |
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| IPO opens on | 6 January 2025 |
| IPO Closes on | 8 January 2025 |
| IPO Allotment on | 9 January 2025 |
| Unblocking of Asba | 10 January 2025 |
| Credit of Shares | 10 January 2025 |
| Listing of Shares | 13 January 2025 |
| Registered Office of Standard Glass Lining |
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| Standard Glass Lining Technology Limited 10th Floor, PNR High Nest, Hydernagar, KPHB Colony Hyderabad- 500085 |
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Who are the Lead Managers of |
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| Registrar to IPO | |
| Kfin Technologies Limited |
| Standard Glass Lining IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Crore | Rs.in Cr | Rs. | % | |
| 2021-22 | 241.50 | 25.15 | 2.22 | 54.89 |
| 2022-23 | 500.08 | 53.42 | 3.49 | 47.56 |
| 2023-24 | 549.68 | 60.01 | 3.52 | 20.74 |
| Book Value of the Share on 31.03.2024 |
Rs. | 24.55 | ||
| BV after the IPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 140 | ||
| Standard Glass Lining IPO Ratio Analysis |
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| Price /EPS | 39.77 |
| Price/Book Value Ratio | 5.70 |
| Price/BV after IPO | ? |
How Standard Glass Lining IPO compares with the Peers?
Peer Comparison.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Standard Glass | 10 | 549.60 | 39.77 |
| GMM Plaudler | 2 | 3466.50 | 36.05 |
| HLE Glasscoat | 2 | 976.74 | 68.04 |
| Thermax Ltd | 2 | 9556.03 | 86.63 |
| Praj Indu | 2 | 3509.77 | 45.53 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Standard Glass Lining IPO Guidance by Paresh Gordhandas, CA & Research Analyst.
Standard Glass Lining is one of the top five specialised engineering equipment manufacturer for pharmaceutical and chemical sectors in India, in terms of revenue in Fiscal 2024, with in house capabilities across the entire value chain. Its capabilities include designing, engineering, manufacturing, assembly, installation and commissioning solutions as well as establishing standard operating procedures for pharmaceutical and chemical manufacturers on a turnkey basis. Its portfolio comprises core equipments used in the manufacturing of pharmaceutical and chemical products
The net size of the IPO is Rs. 410.05 crore, with Rs. 61.51 crore allocated for HNI investors. The shares are offered at a PE multiple of 39.77, which is attractive compared to its peer group company, HLE Glass coat. At present, the shares are being traded at premium of Rs. 88 Vs. its offer price of Rs.140. This suggest attractive premium to offer price ratio. Being very small IPO, the chances of allotment will be low. Apply.
IPO opens on 6th January and will close on 8th January. Price Rs. 140, lot 107 shares
Complete details of the IPO
Review by Paresh Gordhandas CA and Research Analyst, INH00000750
+ from fundamental angle: Apply
+ from grey market angle: Apply
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