January 6, 2025
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Standard Glass Lining IPO Review
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:
