Standard Glass Lining Technology Ltd IPO

Standard Glass Lining Technology Ltd IPO

Capital Goods-Non Electrical Equipment

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Bidding period

06 Jan 2025 - 08 Jan 2025

Bid price

₹140.00 - ₹140.00

Listing on

BSE, NSE

Listing date

13 Jan 2025

Lot size

107 shares

Issue size

₹410.05 crore


Minimum investment

₹14,980.00 / 1 lot

Maximum investment

₹1,94,740.00 / 13 lot

Bidding closed on 08 Jan 2025

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Standard Glass Lining Technology Ltd IPO dates

IPO opening date

06 Jan 2025

IPO end date

08 Jan 2025

Allotment date

09 Jan 2025

Initiation of refunds

10 Jan 2025

Credit of shares to demat

10 Jan 2025

IPO listing date

13 Jan 2025

Standard Glass Lining Technology Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹665.38
Total liabilities ₹665.38
Total expenditure ₹469.88
Total revenue ₹549.68
Profit after tax ₹58.38
EBITDA ₹100.92
Adjusted EBITDA ₹0.00

Standard Glass Lining Technology Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 72.49 60.68
Public group 27.51 39.32

Standard Glass Lining Technology Ltd strengths and risks

Information currently unavailable

  • One of the top five specialised engineering equipment manufacturers for pharmaceutical and chemical sectors in India with products across entire value chain.

  • Customized and innovative product offering across the entire pharmaceutical and chemical manufacturing value chain.

  • Strategically located manufacturing facilities with advanced technological capabilities.

  • Long term relationships with marquee clientele across sectors.

  • Consistent track record of profitable growth.

  • Experienced promoters and management team.

  • The company is dependent on its manufacturing facilities, all of which are situated in Telangana, India. The company is subject to risks in relation to its manufacturing process including accidents and natural disasters and also risks arising from changes in the economic or political conditions of Telangana, India which in turn will interfere with its operations and could have an adverse effect on the company business, results of operations and financial condition.

  • The company business is dependent on the availability and retainment of skilled labour and workforce, and if its unable to hire and engage the appropriate personnel, the company's business, results of operations and financial condition shall be adversely affected.

  • The company is dependent on a limited number of suppliers for its key raw materials such as stainless steel, carbon/ mild steel, nickel alloy, forgings, castings, chemicals and polytetra fluoroethylene powder. The loss of one or more of these suppliers could adversely impact its manufacturing processes and supply timelines, in turn adversely impacting its ability to comply with delivery schedules agreed with clients resulting in impact on its financial condition and results of operations.

  • Majority of its customers operate in the pharmaceuticals and chemical sectors. In each of the last three Fiscals and the six months period ended September 30, 2024, more than 88.20% of its revenue from operations were derived from the pharmaceutical and chemical sectors, combined. Factors that adversely affect these sectors or capital expenditure by companies within these sectors may adversely affect its business, results of operations and financial condition.

  • The company has witnessed negative cash flow from operating activities in the past. Any negative cash flows in the future would adversely affect its cash flow requirements, which may adversely affect the company ability to operate its business and the company financial condition.

  • The company does not have long term or exclusive contracts with majority of its customers and suppliers. If such customers choose not to source their requirements from it and or if such suppliers choose not to provide the company with the requisite raw materials, there may be a material adverse effect on its business, financial condition, cash flows and results of operations.

  • Under-utilization of its currently operational production lines at the company Manufacturing Facilities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on its business, future prospects, and future financial performance.

  • The company has incurred indebtedness and an inability to comply with repayment and other covenants in its financial arrangements could adversely affect the company business and financial condition. Further, certain of its financial agreements involve variable interest rates and an increase in interest rates may adversely affect its results of operations and financial condition.

  • One of its Promoters and SMP, Kudaravalli Punna Rao, and two of the company SMPs, Radhakrishna Bandi and Chamala Chandrasekhar Reddy, are unable to trace their educational documents. Accordingly, the company has not included the disclosure of their educational qualifications.

  • There may be delays or defaults in payment by its customers or the reduction in credit period for payments to be made to third-party service providers which could negatively affect its cash flows. As a result, the company experience significant working capital requirements and its inability to meet the company working capital requirements may materially and adversely affect its business, cash flows and financial condition.

How to check the allotment status of the Standard Glass Lining Technology Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Standard Glass Lining Technology Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Standard Glass Lining Technology Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Standard Glass Lining Technology Ltd IPO registrar

KFin Techologies Ltd

Phone number +91 40 6716 2222
E-mail ID einward.ris@kfintech.com
Website www.kfintech.com

Standard Glass Lining Technology Ltd IPO reservation

QIB shares offered

58,57,874 (20.0%)

NII (HNI) shares offered

43,93,405 (15.0%)

Retail shares offered

1,02,51,278 (35.0%)

Anchor investor shares offered

87,86,810 (30.0%)

Total shares offered

2,92,89,368

Total shares with anchor investor

2,92,89,368

Standard Glass Lining Technology Ltd IPO lead manager

  • IIFL Securities Ltd
  • Motilal Oswal Investment Advisors Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Standard Glass Lining Technology Ltd IPO?

The listing date for the Standard Glass Lining Technology Ltd IPO is 13 Jan 2025.

What is the issue size of Standard Glass Lining Technology Ltd IPO?

The issue size of the Standard Glass Lining Technology Ltd IPO is ₹410.05 cr.

What is the minimum lot size needed for Standard Glass Lining Technology Ltd IPO?

The minimum lot size for Standard Glass Lining Technology Ltd IPO is 107

When does the Standard Glass Lining Technology Ltd open and close?

Standard Glass Lining Technology Ltd IPO is open from 06 Jan 2025 to 08 Jan 2025.

How can I apply for the Standard Glass Lining Technology Ltd IPO?

To apply for the Standard Glass Lining Technology Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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