The Standard Glass Lining has released its IPO (initial public offering). In this article, we will talk about all details of this IPO such as IPO Date, Price, GMP, Review, Details, Issue Date, Lot Size, Allotment, Subscription Status.
Standard Glass Lining IPO Start and Last Date
The Standard Glass Lining IPO will open on January 6, 2025, and close on January 8, 2025. This is a Book Built Issue IPO, aiming to raise approximately ₹410.05 crores. The issue includes a fresh issue of ₹210 crores and an offer for sale of up to 1,42,89,367 equity shares, each with a face value of ₹10.
Standard Glass Lining IPO Key Details:
- Price Band: ₹133 to ₹140 per share
- Retail Quota: 35%
- QIB Quota: 50%
- HNI Quota: 15%
- Listing: BSE and NSE on January 13, 2025
- Allotment Date: January 9, 2025
Standard Glass Lining IPO Financial Performance:
- Revenue: ₹549.68 crores in 2024 (₹500.08 crores in 2023)
- Profit: ₹60.01 crores in 2024 (₹53.42 crores in 2023)
With steady growth in revenue and profit, experts recommend this IPO for long-term investment.
Standard Glass Lining IPO Details:
| Event | Date |
|---|---|
| IPO Open Date | January 6, 2025 |
| IPO Close Date | January 8, 2025 |
| Basis of Allotment | January 9, 2025 |
| Refunds | January 10, 2025 |
| Credit to Demat | January 10, 2025 |
| Listing Date | January 13, 2025 |
Minimum Market Lot: 107 shares for ₹14,980
Maximum Retail Application: 13 lots (1391 shares for ₹1,94,740)
Standard Glass Lining IPO Promoters:
The company is led by experienced promoters, including Nageswara Rao Kandula, Kandula Krishna Veni, and others, who have been instrumental in its growth.
About Standard Glass Lining:
Founded in 2012, the company specializes in manufacturing engineering equipment for industries like pharmaceuticals, chemicals, paints, and food beverages. It is one of India’s top suppliers of glass-lined, stainless steel, and specialized equipment, with a proven track record of delivering over 11,000 products in a decade.
Standard Glass Lining IPO Financials – Valuation Metrics (FY 2024):
| Metric | Value |
|---|---|
| ROE | 20.74% |
| ROCE | 25.49% |
| PAT Margin | 10.92% |
| Debt-to-Equity Ratio | 0.32 |
| EPS | ₹3.52 |
Objects of the Issue:
- Purchase of machinery and equipment
- Repayment of outstanding borrowings
- Investment in subsidiaries for growth
- Strategic acquisitions and corporate purposes
How to Apply Online for Standard Glass Lining IPO?
Investors can apply via ASBA using their bank account or UPI through stockbrokers.
Registrar: KFin Technologies Limited
Contact: sgltl.ipo@kfintech.com
For further details, visit Standard Glass Lining Limited.
Standard Glass Lining IPO FAQs:
- What is the IPO size? ₹410.05 crores
- What is the price band? ₹133 to ₹140 per share
- What is the listing date? January 13, 2025
Invest wisely to make the most of this opportunity!
