On the last day, Standard Glass Lining was subscribed 185.48 times overall, 65.71 times for a retail quota, 327.76 for QIB, and 275.21 for NII.
Details About Standard Glass Lining’s IPO
Standard Glass Lining got approval from SEBI for an IPO of ₹410.05 crores via IPO that comprises a fresh issue of ₹210 crores and an offer for sale up to 1,42,89,367 equity shares with a face value of ₹10 each. It is for funds and to maintain financial stability.
Moreover, the company has set up a ₹133 to ₹140 per share. In this IPO, a total of 107 shares were available in 1 lot size for the minimum Retail category, and for the retail category 1391 shares in 13 lot size maximum as well. S-HNI (Min) has a total of 1,498 shares in 14 lot sizes, while B-HNI(Max) has 7,169 shares in 67 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,980
- Retail investors’ (Max) investment of ₹1,94,740
- Small HNI (S-HNI): Minimum investment of ₹2,09,720
- Big HNI(B-HNI): maximum investment of ₹10,03,660.
Subscription duration of Standard Glass Lining
This IPO started on January 6, 2025, and closed on January 8, 2025 The Standard Glass Lining IPO allotment date was January 9, 2025, and they received a refund on January 10, 2025. The listing date is January 13, 2025.
Funds Deployment of This IPO
- Buying machinery and equipment for the company’s capital expenditures.
- Investment in the wholly owned Material Subsidiary, S2 Engineering Industry Private Limited, for funding its capital expenditure requirements towards the purchase of machinery and equipment;
- Funding inorganic growth through strategic investments and/or acquisitions.
- General corporate needs.
About Standard Glass Lining Company
Standard Glass Lining Technology Limited was founded in 2012 and started manufacturing engineering equipment for pharmaceuticals and chemical areas. It handles all of the processes on its own with efficiency. It provides complete solutions to all such as designing, engineering, manufacturing, assembling, and installing to create standard operating procedures for pharmaceutical and chemical companies. Their consumers are from paint, biotechnology, pharmaceutical, and food beverages. Their promoters, who are knowledgeable and experienced in leadership, are vital to the company’s expansion. It is renowned for being one of India’s top three suppliers of polytetrafluoroethylene and pipeline fittings, as well as an exceptional manufacturer of glass-walled, stainless steel, and high alloy.
Standard Glass Lining’s Financial Background
Compared to ₹500.08 crore in 2023, the company’s 2024 revenue was ₹549.68 crore. In 2024, the business reported a profit of ₹60.01 crores, compared to ₹53.42 crores in 2023.
