Many companies are launching their IPOs, and another company is joining the list. The name of this company is Standard Glass Lining Technology Limited. The company’s fresh issue will be worth ₹210 crore. Through this offer, the company will sell 1,42,99,367 shares. This will be a book-built issue, and the company will list its shares on both the BSE and NSE platforms. The company will anounce the important dates of this offer soon. We will update the information as soon as it is available.
Standard Glass Lining Technology Limited is a company that knows its stuff. They specialize in advanced glass lining solutions, which are used in industries like pharmaceuticals, chemicals, and process engineering. Their products are reliable, versatile, and built to last.
The company has been around for a while, and they’ve built a strong reputation. Over the years, they’ve grown steadily, expanding their operations and customer base. What really sets them apart is their focus on quality and innovation. They stick to global standards and prioritize customer satisfaction. Now, with their upcoming IPO, they’re aiming to take things to the next level and strengthen their position in the market.
Key Details of the Issue
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Open Date | * |
| IPO Close Date | * | |
| Listing Date | * | |
| Pricing Information | Face Value | ₹10 per share |
| Price Band | * to * per share | |
| Offer Structure | Total Issue Size | * shares (amounting up to ₹* Cr) |
| Fresh Issue | * shares (amounting up to ₹210.00 Cr) | |
| Offer for Sale | 1,42,89,367 shares of ₹10 (amounting up to ₹* Cr) | |
| Investor Details | Lot Size | * |
| Issue Type | Book Built Issue IPO | |
| Listing At | BSE, NSE |
Important Dates to Remember
| Event | Date |
|---|---|
| IPO Opening Date | * |
| IPO Closing Date | * |
| Basis of Allotment | * |
| Initiation of Refunds | * |
| Credit of Shares to Demat | * |
| Listing Date | * |
What is GMP of Standard Glass Lining Technology IPO Today?
As of January 3, 2025, the Grey Market Premium (GMP) for the Standard Glass Lining Technology public offer is ₹88. This indicates that the shares are expected to list at approximately ₹228 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Important Financial Data of Company
| Particulars | 30 Sep 2024 (₹ Crore) | FY 24 (₹ Crore) | FY 23 (₹ Crore) | FY 22 (₹ Crore) |
|---|---|---|---|---|
| Assets | 756.52 | 665.38 | 347.79 | 298.11 |
| Revenue | 312.10 | 549.68 | 500.08 | 241.50 |
| Total Expenses | * | 469.88 | 428.22 | 207.73 |
| Profit After Tax | 36.27 | 60.01 | 53.42 | 25.15 |
| Net Worth | 447.80 | 409.92 | 156.67 | 69.91 |
| Reserves and Surplus | 261.58 | 389.18 | 139.94 | 53.66 |
Company's Core Performance Indicators
| Key Performance Indicator | Value |
|---|---|
| Return on Capital Employed (ROCE) | 25.49% |
| Return on Equity (ROE) | 20.74% |
| Debt to Equity Ratio | 0.32 |
| Return on Net Worth (RoNW) | 20.74% |
| EBITDA Margin (%) | 18.36% |
| After Tax Profit Margin (%) | 10.92% |
| Net Asset Value (NAV) | ₹24.55 |
| Earnings Per Share (EPS) | ₹6.52 |
Cash Flow Overview
| Activity | FY 2024 (₹ Crore) | FY 2023 (₹ Crore) | FY 2022 (₹ Crore) |
|---|---|---|---|
| Net Cash from Operating Activities | -65.03 | 1.75 | -7.15 |
| Net Cash from Investing Activities | -156.83 | -29.02 | -29.74 |
| Net Cash from Financing Activities | 231.89 | 32.57 | 37.00 |
| Net Increase/Decrease in Cash and Cash Equivalents | 10.03 | 5.30 | 0.11 |
The company’s cash flow shows some ups and downs over the last three years. In FY 2024, their operations didn’t do well, with a negative ₹65.03 crore compared to a small positive ₹1.75 crore in FY 2023. I think they are either spending too much or not running things efficiently. They really need to fix this quickly.
Their investing activities also show negative numbers every year. In FY 2024, they spent ₹156.83 crore, the most so far. It looks like they’re putting money into growth, maybe buying assets, but they’re not earning enough from regular operations to cover it. That’s a bit of a problem.
On the bright side, they brought in ₹231.89 crore from financing in FY 2024, way more than the ₹32.57 crore in FY 2023. This likely came from borrowing money or selling shares. While it helps for now, but they can’t keep depending on it. They need to make sure their business and investments start making money soon.
Industry-Wise Revenue Contribution (FY 24 to FY 22)
| Particulars | FY 24 (₹ Crore) | FY 23 (₹ Crore) | FY 22 (₹ Crore) |
|---|---|---|---|
| Pharmaceuticals | 444.67 | 411.98 | 205.43 |
| Chemicals | 68.17 | 71.34 | 32.45 |
| Others | 30.83 | 14.27 | 2.31 |
| Total | 543.67 | 497.59 | 240.19 |
Revenue Contribution Across Business Segments (FY 24 - FY 22)
| Particulars | FY 24 (₹ Crore) | FY 23 (₹ Crore) | FY 22 (₹ Crore) |
|---|---|---|---|
| Reaction Systems | 308.38 | 304.79 | 163.88 |
| Storage, Separation and Drying Systems | 163.55 | 154.10 | 62.62 |
| Plant, Engineering and Services | 71.81 | 38.70 | 13.69 |
| Total | 543.67 | 497.59 | 240.19 |
Peer Comparison: EPS, PE Ratio, and Face Value
| Company Name | EPS Basic (₹) | P/E Ratio | Face Value (₹) |
|---|---|---|---|
| Standard Glass Lining Technology | 3.52 | * | 10.00 |
| HLE Glascoat Ltd | 6.52 | 68.04 | 2.00 |
| Praj Industries | 15.42 | 45.53 | 2.00 |
| Thermax Ltd | 57.30 | 86.63 | 2.00 |
| GMM Pfaudler Ltd | 39.80 | 36.05 | 2.00 |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum) | 1 | * | * |
| Retail Investor (Maximum) | 1 | * | * |
| HNI Investor (Minimum) | 2 | * | * |
Investor Category-Wise Reservation
| Investor Category | Reservation |
|---|---|
| Shares Reserved for QIB | 50% of the Net Offer |
| Shares Reserved for Retail Investors | 35% of the Net Offer |
| Shares Reserved for Non-Institutional Investors | 15% of the Net Offer |
Key Objectives of this Public Issue
The fund raised through this issue will be used for the following purposes.
- To fund capital expenditures for purchasing machinery and equipment.
- To repay certain outstanding borrowings of the company.
- To support inorganic growth through strategic investments and acquisitions.
- For general corporate purposes.
Final Words
Deciding whether to invest in this IPO depends on understanding the company’s financial growth and market position.
The company has shown great progress in recent years. Its assets and revenue have grown a lot, and even though expenses have increased, its profits are still strong. This shows the company is managing well and has a solid presence in its industry.
But before you invest, think about a few things. Is the business stable? Can it keep growing like this? How tough is the competition in its market? Also, check if the IPO price is fair compared to the market.
If you’re looking to invest for the long term and trust the company’s growth story, this IPO could be a good option. But if you’re hoping for quick listing gains, it might be a bit risky.
In the end, it’s about your investment goals and how much risk you’re okay with.
Popular Questions about this Offer
- What are the opening and closing dates for the Standard Glass Lining Technology Limited public offering?
The issue opens on * and closes on *. - What is the issue price for the Standard Glass Lining Technology Limited public issue?
The issue price is ₹* to ₹* per equity share. - What is the lot size for retail investors in this offer?
Retail investors can bid for a minimum of * shares. - Who are the lead managers for this public offering?
The lead managers are IIFL Securities Limited and Motilal Oswal Investment Advisors. - Who is the registrar for the Standard Glass Lining Technology Limited public issue?
The registrar is KFin Technologies Limited. - What are the main objectives of this offer?
The funds raised through this issue will be utilized for:
- Funding capital expenditure requirements towards the purchase of machinery and equipment.
- Repayment or prepayment of certain outstanding borrowings.
- Funding inorganic growth through strategic investments and acquisitions.
- General corporate purposes.
7. On which stock exchange will the shares be listed?
The shares of Standard Glass Lining Technology Limited are proposed to be listed on *.
8. What is the total issue size for the Standard Glass Lining Technology Limited public offering?
The total issue size is * equity shares.
9. When will the allotment and refund process begin?
The allotment date is *, and refunds will begin on *.
10. When will the shares be credited to the Demat account?
Shares will be credited to the Demat accounts on *.
11. What is the expected listing date for the offer?
The shares are expected to list on *.
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
Looking for more IPO reviews? Check out our IPO Dashboard for recent posts on other Main-board IPO & SME IPOs for the latest market updates.
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Standard Glass Lining Technology IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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