Standard Glass Lining Technology Ltd
Standard Glass Lining Technology Limited, a prominent manufacturer of specialized engineering equipment for the pharmaceutical and chemical sectors in India, is set to launch its Initial Public Offering (IPO) on January 6, 2025. This article provides a comprehensive overview of the IPO, including key dates, financial details, and essential information for potential investors.
Company Overview
Incorporated in September 2012, Standard Glass Lining Technology Limited has established itself as a leading manufacturer of glass-lined, stainless steel, and nickel alloy-based specialized engineering equipment. The company offers turnkey solutions encompassing design, engineering, manufacturing, assembly, installation, and standard operating procedures for clients in the pharmaceutical and chemical industries. With in-house capabilities across the entire production process, the company ensures stringent quality control and customization to meet client specifications.
IPO Timeline
- Open Date: January 6, 2025
- Close Date: January 8, 2025
- Basis of Allotment: January 9, 2025
- Initiation of Refunds: January 10, 2025
- Credit of Shares to Demat Accounts: January 10, 2025
- Listing Date: January 13, 2025
Price Band and Lot Size
- Price Band: ₹133 to ₹140 per equity share
- Face Value: ₹10 per share
- Lot Size: 107 shares
- Minimum Investment: ₹14,980
Key Dates
| Event | Date |
|---|---|
| IPO Open Date | January 6, 2025 |
| IPO Close Date | January 8, 2025 |
| Basis of Allotment Finalization | January 9, 2025 |
| Initiation of Refunds | January 10, 2025 |
| Credit of Shares to Demat | January 10, 2025 |
| Listing Date | January 13, 2025 |
Financials
| Metric | FY 2022 (₹ in Crores) | FY 2023 (₹ in Crores) | FY 2024 (₹ in Crores) |
|---|---|---|---|
| Revenue | 240.18 | 497.58 | 543.66 |
| Profit After Tax | 25.14 | 53.42 | 58.38 |
| Total Expenses | 207.73 | 428.22 | 469.88 |
Note: Figures are based on consolidated financial statements.
Strengths
- Comprehensive In-House Capabilities: The company manages the entire production process internally, ensuring quality and customization.
- Diverse Product Portfolio: Offers a range of specialized equipment catering to both pharmaceutical and chemical sectors.
- Established Market Position: Recognized among the top manufacturers in its industry segment.
Risks
- Market Competition: Faces competition from both domestic and international players in the specialized engineering equipment sector.
- Dependence on Capital-Intensive Industries: Revenue is closely tied to the capital expenditure cycles of pharmaceutical and chemical industries.
- Operational Risks: Involves complexities related to manufacturing specialized equipment, requiring continuous innovation and adherence to stringent quality standards.
IPO Anchor Investors Details
As of the latest available information, specific details regarding anchor investors have not been disclosed.
IPO Promoter Holding
| Promoter Name | Pre-Issue Holding (%) | Post-Issue Holding (%) |
|---|---|---|
| Nageswara Rao Kandula | Data not available | Data not available |
| Kandula Krishna Veni | Data not available | Data not available |
| Kandula Ramakrishna | Data not available | Data not available |
| Venkata Mohana Rao Katragadda | Data not available | Data not available |
| Kudaravalli Punna Rao | Data not available | Data not available |
| M/s S2 Engineering Services | Data not available | Data not available |
IPO Grey Market Premium (GMP)
| Date | GMP (₹) | Kostak (₹) | Subject to Sauda (₹) |
|---|---|---|---|
| January 1, 2025 | Nil | NA | NA |
Note: Grey Market Premium (GMP) is subject to change and may vary based on market conditions.
Final Thoughts
Standard Glass Lining Technology Limited’s IPO presents an opportunity for investors to participate in a company with a strong foothold in the specialized engineering equipment sector. The company’s comprehensive in-house capabilities and diverse product offerings are significant strengths. However, potential investors should carefully consider the associated risks, including market competition and dependence on capital-intensive industries. Conducting thorough due diligence and consulting with financial advisors is recommended before making investment decisions.