Standard Glass Lining Technology Limited (SGL) is a leading Indian manufacturer specializing in glass-lined, stainless steel, and high-alloy engineering equipment for the pharmaceutical and chemical industries. Their comprehensive services encompass design, engineering, manufacturing, assembly, installation, and commissioning of facilities on a turnkey basis
Investors considering participating in the IPO of Standard Glass Lining Technology Limited will have the chance to invest in a well-established company with a strong track record of delivering reliable products and services to a wide range of customers.
Standard Glass Lining Technology Limited IPO Details & Tentative Schedule
| IPO Date | January 6, 2025 to January 8, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹133 to ₹140 per share |
| Lot Size | 107 Shares |
| Total Offer 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) |
| Share Holding Pre Issue | 18,44,91,662 shares |
| Share Holding Post Issue | 19,94,91,662 shares |
| Listing | NSE and BSE |
| Registrar | KFin Technologies Limited |
| 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 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 8, 2025 |
Standard Glass Lining IPO Promoter Holding
The Promoters of the Company are Nageswara Rao Kandula, Kandula Krishna Veni, Kandula Ramakrishna, Venkata Mohana Rao Katragadda, Kudaravalli Punna Rao and M/s S2 Engineering Services.
| Share Holding Pre Issue | 72.49% |
| Share Holding Post Issue |
Standard Glass Lining Technology Limited IPO Reservation
IPO Reservation Table
| Investor Category | Shares Offered | Maximum Allottees |
| Anchor Investor Shares Offered | 87,86,809 (30%) | NA |
| QIB Shares Offered | 58,57,875 (20%) | NA |
| NII (HNI) Shares Offered | 43,93,405 (15%) | |
| bNII > ₹10L | 29,28,937 (10%) | 1,955 |
| sNII < ₹10L | 14,64,468 (5%) | 977 |
| Retail Shares Offered | 1,02,51,278 (35%) | 95,806 |
| Total Shares Offered | 2,92,89,367 (100%) |
IPO Lot Size
| 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 Technology Limited IPO Anchor Investors Details
Standard Glass Lining IPO raises Rs 123.02 crore from anchor investors. Standard Glass Lining IPO Anchor bid date is January 3, 2025.
| Bid Date | January 3, 2025 |
| Shares Offered | 87,86,809 |
| Anchor Portion Size (In Cr.) | 123.02 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 8, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 9, 2025 |
About Standard Glass Lining Technology Limited
Standard Glass Lining Technology Limited (SGL) is a leading Indian manufacturer in the niche industry of glass-lined equipment, offering innovative solutions tailored for the pharmaceutical, chemical, and food sectors. With a strong focus on quality and advanced technology, SGL specializes in providing comprehensive, end-to-end solutions, including manufacturing, installation, and maintenance.
Key Features and Offerings
1. Specialized Engineering Equipment Manufacturer: The company is among the top five specialized engineering equipment manufacturers for pharmaceutical and chemical sectors in India.
2. Innovative Products: Standard Glass Lining Technology Limited offers a range of innovative products such as glass lined AE reactors, CE reactors, BE reactors, receivers, rotary cone vacuum dryers (RCVDs), heat exchangers, and storage tanks.
3. Advanced Glass Technology: The company possesses in-house capabilities across the entire value chain, including designing, engineering, manufacturing, assembly, installation, and commissioning solutions for pharmaceutical and chemical manufacturers on a turnkey basis.
4. Service Offering: Standard Glass Lining Technology Limited provides turnkey automated equipment solutions to optimize processes like vacuum distillation, solvent recovery, and gas dispersion.
5. Manufacturing Capabilities: The company has in-house capabilities to manufacture core specialized engineering equipment required in the active pharmaceutical ingredient (API) and fine chemical products manufacturing process, and has supplied over 11,000 products in the last decade.
Strategic Vision
Standard Glass Lining Technology Limited’s strategic vision is to remain at the forefront of the industry by continually innovating and adapting to meet the evolving needs of its customers. By emphasizing quality, advanced technology, and customer-centric solutions, the company aims to solidify its position as a trusted global leader in glass lined equipment manufacturing.
Products Offered by Standard Glass Lining Technology Limited
Standard Glass Lining Technology Limited offers a diverse range of products, including:
1. Reaction Systems:
- Glass-Lined Reactors: Used in chemical processes, providing durability and resistance to corrosion.
- Agitators and Mixing Equipment: For optimal mixing and chemical reaction performance.
2. Storage and Separation Systems:
- Storage Tanks: Designed for safe and secure storage of chemicals and other substances.
- Heat Exchangers: Efficient systems for heat transfer in industrial processes.
- Receivers: Equipment for separation and collection of liquid and gaseous substances.
3. Drying Systems:
- Vacuum Dryers: For efficient drying processes in pharmaceutical and chemical industries.
4. Specialized Equipment:
- Glass-Lined Columns: Ideal for distillation, absorption, and other chemical processes.
- Condenser Systems: Supporting various industrial cooling needs.
5. Turnkey Solutions:
- Process Plant Engineering: Complete setup and installation of process plants tailored to client needs.
Strengths and Business Highlights
1. Niche Industry Expertise: SGL operates in the specialized glass-lined equipment industry, catering to critical sectors like pharmaceuticals, chemicals, and food processing. This niche focus allows the company to dominate a specific market segment.
2. Comprehensive Product Offering: The company provides end-to-end solutions, from design and manufacturing to installation and maintenance, making it a one-stop shop for clients.
3. Diverse Client Base: SGL serves high-growth industries like pharmaceuticals and chemicals, which have consistent demand for advanced equipment.
4. Strong Manufacturing Capabilities: With a production capacity exceeding 300 vessels per month, SGL is well-equipped to handle large-scale orders and customized requirements.
5. After-Sales Support: SGL offers excellent post-sales service, including maintenance and repairs, creating long-term relationships with customers.
6. Technological Innovation: Focus on R&D to deliver advanced, efficient, and corrosion-resistant equipment.
Objectives of the IPO
Standard Glass Lining Technology Limited (SGL) intends to utilize the funds raised from the IPO for:
1. Funding Growth Initiatives: The proceeds will help enhance production capacity to meet increasing demand from pharmaceutical, chemical, and food processing sectors.
2. Debt Reduction: A portion of the funds raised will be used to repay or prepay outstanding loans, improving the company’s debt-to-equity ratio and strengthening its financial health.
3. General Corporate Purposes: The IPO proceeds will also be allocated for general corporate purposes, including working capital needs and operational expenses.
Risks Involved
1. Competition Risks: SGL faces competition from global and domestic players, which could pressure pricing and margins.
2. Regulatory Risks: Operating in regulated industries requires adherence to stringent standards. Any non-compliance could lead to penalties, reputational damage, or project delays.
3. Market Risks:
- IPO Performance: The IPO’s success depends on market conditions and investor sentiment, which can fluctuate due to external factors like inflation or geopolitical events.
- Share Price Volatility: Post-IPO, the company’s share price could be volatile due to market dynamics.
Market Potential and Industry Overview
1. Growing Demand in Key Sectors:
- The pharmaceutical, chemical, and food processing industries—SGL’s primary markets—are expected to grow significantly due to global demand for quality, specialized equipment.
- The global glass-lined equipment market is projected to grow at a CAGR of 5%-7% over the next 5-7 years, driven by advancements in process automation and increasing focus on compliance in pharmaceutical manufacturing.
2. Pharmaceutical Industry Growth:
- The pharmaceutical sector in India is expected to reach $130 billion by 2030, fueled by increasing exports and domestic healthcare demands.
- Pharmaceutical companies need reliable, corrosion-resistant equipment to ensure compliance with Good Manufacturing Practices (GMP), creating a consistent demand for glass-lined equipment.
3. Sustainability and Green Initiatives:
With industries increasingly adopting environmentally sustainable practices, SGL’s expertise in energy-efficient and durable equipment makes it an attractive partner.
Company Financials
| Period Ended | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 30 Sep 2024 |
| Assets | 298.11cr | 347.79cr | 347.79cr | 756.52cr |
| Revenue | 241.5cr | 549.68cr | 549.68cr | 312.1cr |
| Profit After Tax | 25.15cr | 53.42cr | 60.01cr | 36.27cr |
| Net Worth | 69.91cr | 156.67cr | 409.92cr | 447.8cr |
| Reserves and Surplus | 53.66cr | 139.94cr | 389.18cr | 261.58cr |
| Total Borrowing | 69.81cr | 81.96cr | 129.32cr | 173.8cr |
Key Performance Indicators
The market capitalization of Standard Glass Lining IPO is Rs 2792.88 Cr.
Revenue Growth
| Financial Year | Value |
| FY 2021-22 | ₹240.19 crores |
| FY 2022-23 | ₹497.59 crores |
| FY 2023-24 | ₹543.67 crores |
Profit After Tax (PAT)
| Financial Year | Value |
| FY 2021-22 | ₹25.15 crore |
| FY 2022-23 | ₹53.42 crore |
| FY 2023-24 | ₹60.01 crore (YoY Growth: 12.33%) |
Earnings Per Share (EPS)
| Financial Year | Value |
| FY 2021-22 | ₹6.01 |
| FY 2022-23 | ₹12.78 |
| FY 2023-24 | ₹14.34 |
Return on Equity (ROE)
| Financial Year | Value |
| FY 2021-22 | 54.89% |
| FY 2022-23 | 47.56% |
| FY 2023-24 | 20.74% |
Return on Capital Employed (ROCE)
| Financial Year | Value |
| FY 2021-22 | 42.03% |
| FY 2022-23 | 43.43% |
| FY 2023-24 | 25.49% |
Debt-to-Equity Ratio
| Financial Year | Value |
| FY 2021-22 | 1.01 |
| FY 2022-23 | 0.53 |
| FY 2023-24 | 0.32 |
Standard Glass Lining Technology Limited IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) | P/E(x) | RoNW (%) | P/BV Ratio | Financial Statements |
| Standard Glass Lining Technology Limited | 3.52 | 3.52 | 24.55 | 20.74 | Consolidated | ||
| Gmm Pfaudler Ltd. | 39.79 | 39.8 | 215.22 | 30.64 | 20.23 | 5.74 | Consolidated |
| HLE Glascoat Limited | 6.52 | 6.52 | 61.06 | 56.54 | 7.99 | 6.69 | Consolidated |
| Thermax Ltd. | 57.28 | 57.3 | 394.1 | 81.24 | 15.53 | 10.64 | Consolidated |
| Praj Industries Ltd. | 15.42 | 15.42 | 69.36 | 52.54 | 24.09 | 7.71 | Consolidated |
Standard Glass Lining IPO Prospectus
› Standard Glass Lining IPO DRHP
› Standard Glass Lining IPO RHP
› Anchor Investors in Standard Glass Lining IPO
Standard Glass Lining Technology Limited Contact Details
Standard Glass Lining Technology Limited
10th Floor, PNR High Nest,
Hydernagar, KPHB Colony
Hyderabad- 500085
Phone: + 040 3518 2204
Email: corporate@standardglr.com
Website: https://www.standardglr.com/
Standard Glass Lining IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: sgltl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Standard Glass Lining IPO Lead Manager(s)
1. Iifl Securities Ltd
2. Motilal Oswal Investment Advisors Limited
Standard Glass Lining Technology Limited IPO GMP Trend
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
| 13-01-2025 | ₹140.00 | ₹50 | 4100/57400 | ₹190 (35.71%) | 13-01-2025 |
| 12-01-2025 | ₹140.00 | ₹50 | 4100/57400 | ₹190 (35.71%) | 12-01-2025 |
| 11-01-2025 | ₹140.00 | ₹48 | 3900/54600 | ₹188 (34.29%) | 11-01-2025 |
| 10-01-2025 | ₹140.00 | ₹62 | 6300/88200 | ₹218 (55.71%) | 10-01-2025 |
| 09-01-2025 | ₹140.00 | ₹78 | 6300/88200 | ₹218 (55.71%) | 09-01-2025 |
| 08-01-2025 | ₹140.00 | ₹91 | 7800/109200 | ₹231 (65%) | 08-01-2025 |
| 07-01-2025 | ₹140.00 | ₹96 | 7800/109200 | ₹236 (68.57%) | 07-01-2025 |
| 06-01-2025 | ₹140.00 | ₹93 | 7600/106400 | ₹233 (66.43%) | 06-01-2025 |
| 05-01-2025 | ₹140.00 | ₹97 | 7900/110600 | ₹237 (69.29%) | 05-01-2025 |
| 04-01-2025 | ₹140.00 | ₹97 | 7900/110600 | ₹237 (69.29%) | 04-01-2025 |
| 03-01-2025 | ₹140.00 | ₹88 | 7200/100800 | ₹228 (62.86%) | 03-01-2025 |
| 02-01-2025 | ₹140.00 | ₹86 | 7000/98000 | ₹226 (61.43%) | 02-01-2025 |
| 01-01-2025 | ₹140.00 | ₹83 | 6700/93800 | ₹223 (59.29%) | 01-01-2025 |
| 31-12-2024 | ₹140.00 | ₹0 | ₹140 (0%) | 31-12-2024 | |
| 30-12-2024 | ₹0 | 30-12-2024 | |||
| 29-12-2024 | ₹0 | 29-12-2024 |
Standard Glass Lining Technology Limited IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Rs Cr.)* |
| Anchor Investors | 1 | 87,86,809 | 87,86,809 | 123.02 |
| Qualified Institutions | 327.76 | 58,57,875 | 1,91,99,91,629 | 26,879.88 |
| Non-Institutional Buyers | 275.21 | 43,93,405 | 1,20,91,09,951 | 16,927.54 |
| bNII (bids above ₹10L) | 302.21 | 29,28,937 | 88,51,48,512 | 12,392.08 |
| sNII (bids below ₹10L) | 221.21 | 14,64,468 | 32,39,61,439 | 4,535.46 |
| Retail Investors | 65.71 | 1,02,51,278 | 67,36,54,452 | 9,431.16 |
| Total ** | 185.48 | 2,05,02,558 | 3,80,27,56,032 | 53,238.58 |
Total Applications: 52,39,243
Frequently Asked Questions (FAQs)
1. What is Standard Glass Lining Technology Limited?
Standard Glass Lining Technology Limited (SGL) is a prominent Indian manufacturer specializing in the design, production, and servicing of glass-lined, stainless steel, and high-alloy equipment. The company plays a crucial role in supplying critical industrial equipment for sectors such as pharmaceuticals, chemicals, and food processing.
2. What are the key details of the Standard Glass Lining Technology Limited IPO?
IPO Opening Date: January 6, 2025
IPO Closing Date: January 8, 2025
Price Band: ₹133 to ₹140 per share
Lot Size: 107 Shares
Issue Size: 1,50,00,000 shares (aggregating up to ₹ 210.00 Cr)
3. How can I apply for the Standard Glass Lining Technology Limited IPO?
You can apply through:
ASBA (Applications Supported by Blocked Amount): via your bank’s net banking portal.
UPI (Unified Payments Interface): using stockbroking platforms such as Zerodha, Upstox, Groww, or Paytm Money.
4. When will the IPO allotment status be announced?
The allotment status will be available on the registrar’s website, usually within 7 working days after the IPO closes.
