Standard Glass Lining Technology
Listed
Listed
IPO Timeline
Issue open date
6 Jan 2025Issue close date
8 Jan 2025UPI mandate deadline
8 Jan 2025Allotment finalization
9 Jan 2025Refund initiation
10 Jan 2025Share credit
10 Jan 2025Listing date
13 Jan 2025Mandate end date
23 Jan 2025Lock-in end date for anchor investors (50%)
8 Feb 2025Lock-in end date for anchor investors (remaining)
9 Apr 2025Key Dates
Open
6 Jan 2025Close
8 Jan 2025Listing
13 Jan 2025Quick Stats
Issue Size:410cr
Lot Size:107 shares
About the Company
Incorporated in September 2012, Standard Glass Lining Technology Limited manufactures engineering equipment for the pharmaceutical and chemical sectors. The company provides turnkey solutions, including design, engineering, manufacturing, assembly, installation, and standard operating procedures. Its product portfolio includes Reaction Systems, Storage, Separation and Drying Systems, and Plant Engineering. The company operates eight manufacturing units in Hyderabad and has sales offices in various locations across India. Notable clients include Aurobindo Pharma, Cadila Pharmaceuticals, and Laurus Labs.
Strengths
- Top five specialized engineering equipment manufacturers for India’s pharmaceutical and chemical sectors.
- Leading manufacturer of glass-lined, stainless steel, and nickel alloy-based equipment in India.
- Custom solutions for pharmaceutical, chemical, food, and beverage industries.
- Supplied over 11,000 products in the last decade, meeting diverse sector needs.
- In-house manufacturing of stainless steel glass-lined reactors, up to 10KL capacity.
- Active partnerships with HHV Pumps and GL Hakko to strengthen product offerings and market position.
- Equipped with cutting-edge CNC plasma, laser cutting, and welding systems.
Risks
- The company has guaranteed subsidiary loans, and defaults may incur costs that impact profitability.
- Heavy dependence on pharmaceutical and chemical sectors.
- Risks from under-utilization of manufacturing capacity.
- Vulnerability to delays or defaults in customer payments.
- Exposure to raw material cost fluctuations.
- Limited ability to pass on raw material cost increases.
- Dependence on Telangana facilities, subject to risks from disasters and political changes.
Standard Glass Lining Technology IPO – Frequently Asked Questions
- The price band for the Standard Glass Lining Technology IPO is set at ₹133 to ₹140 per share.
- The Standard Glass Lining Technology IPO opens on January 6, 2025 and closes on January 8, 2025.
- The tentative listing date for the Standard Glass Lining Technology IPO is January 13, 2025.
- You can apply for the Standard Glass Lining Technology IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Standard Glass Lining Technology, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Standard Glass Lining Technology IPO is 107 shares. Investors must apply for at least one lot (i.e., 107 shares).