The Standard Glass Lining IPO is a book-built issue worth ₹410.05 crores. The offering consists of a fresh issue of 1.50 crore shares totaling ₹210.00 crores and an offer for sale of 1.43 crore shares amounting to ₹200.05 crores.
The IPO opens for subscription on January 6, 2025, and closes on January 8, 2025. The allotment is expected to be finalized on Thursday, January 9, 2025, with the shares set to list on the BSE and NSE on the tentative date of Monday, January 13, 2025.
The price band for the IPO is set at ₹133 to ₹140 per share. The minimum lot size for an application is 107 shares.
- Retail investors need a minimum investment of ₹14,980.
- For sNII (Small Non-Institutional Investors), the minimum investment is 14 lots (1,498 shares), totaling ₹2,09,720.
- For bNII (Big Non-Institutional Investors), the minimum investment is 67 lots (7,169 shares), amounting to ₹10,03,660.
IIFL Securities Ltd and Motilal Oswal Investment Advisors Limited are the book-running lead managers for the IPO, while KFin Technologies Limited serves as the registrar.
For more detailed information, please refer to the Standard Glass Lining IPO DRHP (Draft Red Herring Prospectus). Stay tuned for updates on key dates, price bands, and allotment status.
Standard Glass Lining IPO Details
| IPO Date | January 6, 2025 to January 8, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹133 to ₹140 per share |
| Lot Size | 107 Shares |
| Total Issue Size | 2,92,89,367 shares (aggregating up to ₹410.05 Cr) |
| Fresh Issue | 1,50,00,000 shares (aggregating up to ₹ 210.00 Cr) |
| Offer for Sale | 1,42,89,367 shares of ₹10 (aggregating up to ₹200.05 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 18,44,91,662 shares |
Standard Glass Lining IPO Timeline
| IPO Open Date | Monday, January 6, 2025 |
| IPO Close Date | Wednesday, January 8, 2025 |
| Basis of Allotment | Thursday, January 9, 2025 |
| Initiation of Refunds | Friday, January 10, 2025 |
| Credit of Shares to Demat | Friday, January 10, 2025 |
| Listing Date | Monday, January 13, 2025 |
Standard Glass Lining IPO Lot Size
Investors are required to place bids for at least 107 shares, with additional bids in multiples of this number. The table below outlines the minimum and maximum investment limits for retail investors and High Net Worth Individuals (HNIs), expressed in both the number of shares and the corresponding monetary amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,980 |
| Retail (Max) | 13 | 1391 | ₹1,94,740 |
| S-HNI (Min) | 14 | 1,498 | ₹2,09,720 |
| S-HNI (Max) | 66 | 7,062 | ₹9,88,680 |
| B-HNI (Min) | 67 | 7,169 | ₹10,03,660 |
Standard Glass Lining IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Isssue |
About Standard Glass Lining Technology Limited
Incorporated in September 2012, Standard Glass Lining Technology Limited is a leading manufacturer of engineering equipment for the pharmaceutical and chemical industries in India. The company has the capability to handle the entire production process in-house, offering comprehensive turnkey solutions. These solutions include design, engineering, manufacturing, assembly, installation, and the preparation of standard operating procedures tailored for pharmaceutical and chemical manufacturers.
Product Portfolio
The company’s product range includes:
- Reaction Systems
- Storage, Separation, and Drying Systems
- Plant, Engineering, and Services
It specializes in manufacturing advanced engineering equipment using glass-lined materials, stainless steel, and nickel alloy, ensuring durability and high performance.
Clientele
Standard Glass Lining Technology Limited serves some of the most prominent names in the pharmaceutical and chemical sectors, including:
Apitoria Pharma, Aurobindo Pharma, Cadila Pharmaceuticals, Granules India, Laurus Labs, Macleods Pharmaceuticals, MSN Laboratories, Natco Pharma, Piramal Pharma, Suven Pharmaceuticals, and many more marquee clients.
Manufacturing and Sales Network
The company operates eight state-of-the-art manufacturing units in Hyderabad, Telangana. Its sales offices are strategically located in Vadodara, Ankleshwar (Gujarat), Mumbai (Maharashtra), and Vishakhapatnam (Andhra Pradesh). Additionally, its sales team members are positioned across Jhagadia, Chennai, New Delhi, Bengaluru, and Vijayawada, enabling pan-India reach.
Workforce
As of September 30, 2024, the company employed 460 full-time employees and 731 contract laborers, demonstrating its robust operational capabilities.
Competitive Strengths
- Expertise in manufacturing specialized engineering equipment for pharmaceutical and chemical sectors.
- A diverse and customized product range that caters to the entire manufacturing value chain of its clients.
- Strategically located manufacturing facilities equipped with advanced technological capabilities.
- Strong, long-term relationships with marquee clientele across various industries.
- A consistent track record of profitable growth, underscoring the company’s financial stability and success.
For a detailed understanding of the company’s operations and financials, please refer to the Standard Glass Lining IPO DRHP.
FAQs – Standard Glass Lining IPO
What is the issue size of the Standard Glass Lining IPO?
The IPO is a book-built issue with a total size of ₹410.05 crores, which includes a fresh issue of ₹210.00 crores and an offer for sale (OFS) of ₹200.05 crores.
When does the Standard Glass Lining IPO open and close?
The IPO opens for subscription on January 6, 2025, and closes on January 8, 2025.
What is the price band for the Standard Glass Lining IPO?
The price band for the IPO is set at ₹133 to ₹140 per share.
What is the minimum investment amount for retail investors?
The minimum investment for retail investors is ₹14,980, which corresponds to the minimum lot size of 107 shares.
What is the lot size for the IPO?
The minimum lot size for the IPO is 107 shares.
When will the allotment for the Standard Glass Lining IPO be finalized?
The allotment will be finalized on January 9, 2025.
When is the listing date for the Standard Glass Lining IPO?
The IPO is expected to list on BSE and NSE on January 13, 2025.
What is the minimum investment for SNIIs and BNII investors?
For sNII (small non-institutional investors), the minimum investment is 14 lots (1,498 shares), amounting to ₹2,09,720. For bNII (big non-institutional investors), the minimum investment is 67 lots (7,169 shares), amounting to ₹10,03,660.
How can I apply for the Standard Glass Lining IPO?
You can apply through your bank or stockbroker’s platform by filling out the IPO application form.
Is the Standard Glass Lining IPO listed on any exchanges?
Yes, the IPO will list on both the BSE and NSE.
