Standard Glass Lining Technology Limited (MAINBOARD)
Jan 6, 2025 - Jan 8, 2025
| Price | ₹133 - ₹140 |
| Premium | ₹85 |
|---|---|
| Lot size | 107 |
| Allotment | Jan 9, 2025 |
| Listing | Jan 13, 2025 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 107 | 14980 | 95806 |
| sHNI | 14 | 1498 | 209720 | 978 |
| bHNI | 67 | 7169 | 1003660 | 1955 |
Last updated on 08-Jan-2025 18:54:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 5857875 | 1919991629 | 327.76 |
| HNIs | 4393405 | 1211447259 | 275.74 |
| HNIs 10+ | 2928937 | 885148512 | 302.21 |
| HNIs 2+ | 1464468 | 326298747 | 222.81 |
| Retail | 10251278 | 684217920 | 66.74 |
| Total | 20502558 | 3815656808 | 186.11 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 1955 | 120444 | 61.61 |
| HNIs (2-10L) | 978 | 207994 | 212.67 |
| Retail | 95806 | 5020528 | 52.4 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 82.01 | 26879.88 | 327.76 |
| FIIs | - | 6437.94 | - |
| DIIs | - | 9928.85 | - |
| Mutual funds | - | 1138.75 | - |
| Others | - | 9374.34 | - |
| HNIs | 61.51 | 16960.26 | 275.74 |
| HNIs 10+ | 41.01 | 12392.08 | 302.21 |
| HNIs 2+ | 20.5 | 4568.18 | 222.81 |
| Retail | 143.52 | 9579.05 | 66.74 |
| Total | 287.04 | 53419.2 | 186.11 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹61.6 | @8% ₹70.4 | @9% ₹79.2 | @10% ₹88 | @11% ₹96.8 | @12% ₹105.6 |
IPO Details
| Issue Size | Up to [2,92,89,367 ]equity shares aggregating up to 410.05 crores |
| Fresh Issue | Up to [1,50,00,000 ]equity shares aggregating up to 210 crores |
| Offer For Sale | Up to 14,289,367 equity shares aggregating up to 200.05 crores |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE,BSE |
| Share holding pre issue | 184,491,662 Shares |
| Share holding post issue | 19,94,91,662 Shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
Key Performance Indicators
| KPI | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 8.06% | 20.74% | 47.56% |
| ROCE | 10.81% | 25.49% | 43.43% |
| RONW | 8.06% | 20.74% | 47.56% |
| D/E | 0.39 | 0.32 | 0.53 |
| EPS (basic) | 1.89 | 3.52 | 3.49 |
| P/E Pre IPO | 43.04 | ||
| P/E Post IPO | 38.5 |
Financial Statement (Restated) In Crores
| Period Ended | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 757 | 665 | 348 | 298 |
| Revenue | 312 | 550 | 500 | 242 |
| Profit After Tax | 36 | 60 | 53 | 25 |
| Net Worth | 448 | 410 | 157 | 70 |
| Reserves and Surplus | 262 | 389 | 140 | 54 |
| Total Borrowing | 174 | 129 | 82 | 70 |
About Company
Standard Glass Lining Technology Limited, incorporated in September 2012, specializes in manufacturing engineering equipment for the pharmaceutical and chemical industries in India. The company offers turnkey solutions encompassing design, engineering, manufacturing, assembly, installation, and standard operating procedures. Its diverse product portfolio includes Reaction Systems, Storage, Separation and Drying Systems, and Plant Engineering and Services, utilizing materials like glass-lined steel, stainless steel, and nickel alloy. With eight manufacturing units in Hyderabad and a robust sales network across India, the company serves leading clients such as Aurobindo Pharma, Laurus Labs, and Cadila Pharmaceuticals. As of September 30, 2024, it employed 460 full-time staff and 731 contract laborers.
Iifl Capital Capital Services PVT Ltd
Expertise in Specialized Equipment: Manufactures high-quality, customized engineering equipment for the pharmaceutical and chemical sectors, covering the entire manufacturing value chain.
Advanced Facilities: Strategically located manufacturing units in Hyderabad with cutting-edge technology for efficient production.
Comprehensive Turnkey Solutions: Provides end-to-end services, including design, engineering, installation, and operational support, ensuring customer-centric innovation.
Geographical Concentration: Dependence on manufacturing facilities located solely in Telangana exposes the company to risks from regional economic, political, and natural disruptions, potentially impacting operations and financial performance.
Skilled Workforce Dependency: Reliance on skilled labor makes the company vulnerable to workforce shortages or retention challenges, adversely affecting business operations.
Supplier Dependence: Heavy reliance on a limited number of suppliers for key raw materials could disrupt production and delivery schedules, negatively impacting client relationships and financial results.
Phone: 04067162222, 04079611000
Email: sgltl.ipo@kfintech.com