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SGLTL · NSE,BSE · Industrial Machinery & Heavy Engineering
Standard Glass Lining IPO listed on 13 Jan 2025 on NSE,BSE at ₹172.00, a gain of 22.86% over the issue price of ₹140.00.
Standard Glass Lining IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 06 Jan 2025 |
| IPO Close Date | 08 Jan 2025 |
| Basis of Allotment | 09 Jan 2025 |
| Initiation of Refunds | 10 Jan 2025 |
| Credit of Shares to Demat | 10 Jan 2025 |
| Listing Date | 13 Jan 2025 |
Listing day gain
+22.86%
Listed at ₹172 (issue ₹140)
Issue
₹140
Listing
₹172
Current
₹163.28
+16.63% vs issue
Day range
₹161 – ₹182
Issue Size
29,289,367 shares
(aggregating up to ₹410.05 Cr)
Issue Price
₹133 – ₹140
Face Value
₹10/share
Market Lot
107 shares
Retail Min Investment
₹14,980
Listing At
NSE,BSE
Sale Type
both
Fresh Issue
15,000,000 shares
(aggregating up to ₹210 Cr)
Offer for Sale
14,289,367 shares
(aggregating up to ₹200.05 Cr)
Issue Type
book building
Open Date
06 Jan
Close Date
08 Jan
Allotment
09 Jan
Listing
13 Jan
Last updated: 1 year ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 13 Jan 2025 Latest | ₹140 | ₹50 | ₹190 | ₹50 |
35.71%
|
12:00 AM |
| 12 Jan 2025 | ₹140 | ₹50 | ₹190 | ₹50 |
35.71%
|
12:00 AM |
Showing the 2 most recent GMP entries.
View full GMP historyNo snapshot available yet.
Nageswara Rao Kandula, Kandula Krishna Veni, Kandula Ramakrishna, Venkata Mohana Rao Katragadda, Kudaravalli Punna Rao and S2 Engineering Services are the promoters of the company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,980 |
| Retail (Max) | 13 | 1,391 | ₹194,740 |
| S-HNI (Min) | 14 | 1,498 | ₹209,720 |
| S-HNI (Max) | 66 | 7,062 | ₹988,680 |
| B-HNI (Min) | 67 | 7,169 | ₹1,003,660 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 14,643,884 (50.00%) |
|
•
Anchor Investor Shares Offered
|
8,786,009 (30.00%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
5,857,875 (20.00%) |
| NII (HNI) Shares Offered | 4,393,406 (15.00%) |
|
•
bNII > ₹10L
|
2,928,937 (10.00%) |
|
•
sNII < ₹10L
|
1,464,469 (5.00%) |
| Retail Shares Offered | 10,251,279 (35.00%) |
| Total Shares Offered | 29,288,569 (100.00%) |
Standard Glass Lining Technology Limited was incorporated in Hyderabad in September 2012, and converted to a public limited company in June 2022. It works in the specialized engineering equipment manufacturing sector, serving the pharmaceutical and chemical industries.
The company designs, engineers, manufactures, assembles, and installs equipment for pharmaceutical and chemical manufacturers on a turnkey basis, and also sets up standard operating procedures for its clients. Its product range covers reaction systems, storage, separation and drying systems, and plant engineering and services, made using glass-lined materials, stainless steel, and nickel alloy. It has an exclusive arrangement with GL Hakko to manufacture and sell shell and heat tube exchangers under the GL Hakko name in India and other markets outside Japan. The company operates its manufacturing facilities in Telangana. Nageswara Rao Kandula is the Managing Director.
Revenue from operations rose from Rs 497.59 crore in FY23 to Rs 543.67 crore in FY24, while profit after tax rose from Rs 53.42 crore to Rs 60.01 crore over the same period. The IPO was a mainboard, book-built issue of Rs 410.05 crore, comprising a fresh issue of Rs 210 crore and an offer for sale of Rs 200.05 crore, listed on the BSE and NSE. As per the RHP, net proceeds from the fresh issue were proposed to be used for capital expenditure toward purchase of machinery and equipment, and repayment or prepayment of certain borrowings, including those of its subsidiary S2 Engineering Industry Private Limited.
Standalone · ₹ in Crores
| Particulars | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Total Revenue | 241.5 | 500.08 | 312.1 |
| Profit After Tax (PAT) | 25.15 | 53.42 | 36.27 |
| EBITDA | - | - | - |
| Total Assets | 298.11 | 347.79 | 756.52 |
| Net Worth | 69.91 | 156.67 | 447.8 |
| Reserves & Surplus | 53.66 | 139.94 | 261.58 |
| Total Borrowing | 69.81 | 81.96 | 173.8 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2024 |
|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 20.74% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 25.49% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 20.74% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 10.92% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 0.32x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 5.7x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹3.25 | ₹3.64 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 43.04x | 38.5x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹2,583 Cr | ₹2,793 Cr |
The basis of allotment for Standard Glass Lining IPO was finalised on 09 Jan 2025. You can check your allotment status using your PAN number or application number on the KFin Technologies Limited portal or BSE.
The Standard Glass Lining IPO is expected to open in Jan 2025, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Standard Glass Lining IPO is ₹133.00 - ₹140.00 per share.
As per market sources, Standard Glass Lining IPO GMP is currently ₹50.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Standard Glass Lining IPO is being updated. Check the latest subscription figures by category (Retail, QIB, NII) for real-time updates.
The listing date for Standard Glass Lining IPO is 13 Jan 2025.
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