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Standard Glass Lining IPO
The Standard Glass Lining IPO has become the talk of the town among investors, especially in the pharmaceutical and chemical sectors. Here's a detailed look at the IPO, including its key highlights, financials, objectives, and important dates.
Standard Glass Lining IPO Key Details
Details | Information |
---|---|
IPO Opening Date | January 6, 2025 |
IPO Closing Date | January 8, 2025 |
Allotment Finalization | January 9, 2025 |
Listing Date | January 13, 2025 |
Price Band | ₹133 to ₹140 per share |
Lot Size | 107 shares |
Minimum Investment | ₹14,980 |
Total Issue Size | ₹410.05 crores |
Fresh Issue | ₹210.00 crores (1.50 crore shares) |
Offer for Sale (OFS) | ₹200.05 crores (1.43 crore shares) |
Listing on | NSE and BSE |
Company Background
Incorporated in September 2012, Standard Glass Lining Technology Limited specializes in manufacturing engineering equipment for pharmaceutical and chemical sectors in India. The company is unique in its ability to handle the entire production process in-house, ensuring high-quality output.
With a solid presence in the industry, the company is now expanding its operations and aims to capitalize on the IPO to strengthen its financial and operational base.
Reservation Details
Category | Reservation |
---|---|
QIB (Qualified Institutional Buyers) | Not more than 50% of the net issue |
Retail Investors (RIIs) | Not less than 35% of the net issue |
NII (Non-Institutional Investors) | Not more than 15% of the net issue |
Financial Performance
Period | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Total Borrowings (₹ Cr) |
---|---|---|---|
September 30, 2024 | 312.1 | 36.27 | 173.8 |
March 31, 2024 | 549.68 | 60.01 | 129.32 |
March 31, 2023 | 500.08 | 53.42 | 81.96 |
March 31, 2022 | 241.5 | 25.15 | 69.81 |
The company has shown consistent growth, with a 10% revenue increase and a 12% rise in PAT between FY 2023 and FY 2024. The company’s borrowing levels have also increased, reflecting its expansion strategy.
Objects of the Issue
The funds raised through the IPO will be utilized for:
- Capital Expenditure: Purchase of machinery and equipment for the company and its subsidiary.
- Debt Repayment: Repaying outstanding borrowings to reduce financial liabilities.
- Inorganic Growth: Strategic investments and acquisitions for growth.
- General Corporate Purposes: Supporting the company’s operational activities.
Investment Considerations
Why Invest?
- Industry Expertise: Strong presence in the pharmaceutical and chemical equipment manufacturing sectors.
- In-House Capabilities: The company’s ability to manage the entire production process in-house ensures quality control.
- Strong Financial Growth: Revenue and profit have seen consistent growth over the years.
Risks to Consider
- High Borrowings: The company’s rising debt levels may impact profitability in the long term.
- Market Volatility: The IPO's performance may be influenced by broader market conditions.
FAQs About Standard Glass Lining IPO
1. What is the Standard Glass Lining IPO price band?
The IPO price band is set at ₹133 to ₹140 per share.
2. What are the Standard Glass Lining IPO dates?
The IPO opens on January 6, 2025, and closes on January 8, 2025.
3. What is the lot size for Standard Glass Lining IPO?
The minimum lot size is 107 shares, requiring a minimum investment of ₹14,980.
4. When will Standard Glass Lining IPO be listed?
The IPO is expected to list on January 13, 2025, on NSE and BSE.
5. What is Standard Glass Lining IPO GMP?
The Grey Market Premium (GMP) will be updated closer to the listing date. Stay tuned for updates.
6. What are the objectives of the Standard Glass Lining IPO?
The IPO proceeds will be used for capital expenditure, debt repayment, inorganic growth, and general corporate purposes.
Conclusion
The Standard Glass Lining IPO offers a unique opportunity to invest in a growing company with strong industry expertise and consistent financial performance. While the rising debt levels are a factor to watch, the company’s expansion strategy and in-house capabilities make it a promising investment.
Are you considering investing in the Standard Glass Lining IPO? Let us know your thoughts in the comments below!
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IPO