Standard Glass Lining Technology IPO
Standard Glass Lining Technology IPO — date, price band, lot size & details 2025
Standard Glass Lining Technology listed on 13 Jan 2025 at ₹176, 25.7% above the ₹140 issue price.
Standard Glass Lining Technology makes specialised engineering equipment for pharmaceutical and chemical plants in India. Its total income rose from Rs 241.50 crore in FY2022 to Rs 549.68 crore in FY2024.
Stock price
Standard Glass Lining Technology is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 06 Jan 2025
- Close 08 Jan 2025
- Allotment 09 Jan 2025
- Refund/credit 10 Jan 2025
- Listing 13 Jan 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 6 to 8 Jan, 2025 |
|---|---|
| Price Band | ₹133 – ₹140 |
| Face Value | ₹10 |
| Lot Size | 107 Shares |
| Issue Size | ₹410.05 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | NSE, BSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,980 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 107 shares at the ₹140 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 107 | ₹14,980 |
| Retail (max) | 13 | 1,391 | ₹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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 241.50 crore in FY2022 to Rs 500.08 crore in FY2023 and Rs 549.68 crore in FY2024.
- 02Profit after tax rose from Rs 25.15 crore in FY2022 to Rs 60.01 crore in FY2024.
- 03Return on equity was 20.74% and return on capital employed was 25.49%, as per the figures at the source.
- 04Net worth grew from Rs 156.67 crore on 31 March 2023 to Rs 447.80 crore on 30 September 2024.
- 05Rs 130.00 crore of the fresh issue was planned for repaying debt, which stood at Rs 173.80 crore on 30 September 2024.
Risks · 7
- 01The latest financials cover only the six months to 30 September 2024, with total income of Rs 312.10 crore and profit after tax of Rs 36.27 crore.
- 02Rs 200.05 crore of the Rs 410.05 crore issue was offer for sale, so that part did not reach the company.
- 03The P/E was 38.5 at the upper band of Rs 140, based on post-issue EPS of Rs 3.64.
- 04Total borrowing rose from Rs 69.81 crore on 31 March 2022 to Rs 173.80 crore on 30 September 2024.
- 05Total income grew only from Rs 500.08 crore in FY2023 to Rs 549.68 crore in FY2024, slower than the jump the year before.
- 06Only Rs 10.00 crore of the fresh issue was set aside for the company's own capital expenditure.
- 07Promoter holding fell from 72.49% before the issue to 67.04% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Standard Glass Lining Technology offer document.
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 756.52 | 665.38 | 347.79 | 298.11 |
| Total Income | 312.10 | 549.68 | 500.08 | 241.50 |
| 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 |
| Total Borrowing | 173.80 | 129.32 | 81.96 | 69.81 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Standard Glass Lining Technology RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Standard Glass Lining Technology IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹3.25 | ₹3.64 |
| P/E Ratio (x) | 43.04 | 38.50 |
| Market Cap at Offer Price (₹ Cr) | ₹1,562.40 | ₹1,395.00 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹140 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹225.79 Cr of the issue is earmarked to named objects.
Standard Glass Lining Technology IPO Anchor Investors
10 anchor investors across 9 fund houses committed ₹123.01 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Amansa Holdings Pvt.ltd. | Amansa | 2,500,055 | 35.00 | 28.45% |
| Clarus Capital I | Clarus Capital | 1,285,819 | 18.00 | 14.63% |
| ICICI Prudential Flexicap Fund | ICICI Prudential Mutual Fund | 803,570 | 11.25 | 9.15% |
| Kotak Manufacture In India Fund | Kotak Mahindra Mutual Fund | 803,677 | 11.25 | 9.15% |
| Tata Multicap Fund | Tata Mutual Fund | 803,677 | 11.25 | 9.15% |
| Motilal Oswal Large Cap Fund | Motilal Oswal Mutual Fund | 625,094 | 8.75 | 7.11% |
| 3P India Equity Fund 1 | 3P India | 625,094 | 8.75 | 7.11% |
| Kotak Infinity Fund - Class Ac | Kotak Mahindra Mutual Fund | 625,094 | 8.75 | 7.11% |
| Massachusetts Institute Of Technology | Massachusetts Institute Of Technology | 357,563 | 5.01 | 4.07% |
| ITI Large Cap Fund | ITI Mutual Fund | 357,166 | 5.00 | 4.06% |
| Total anchor allocation | 123.01 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
The product range has three groups. These are reaction systems, storage, separation and drying systems, and plant engineering and services. Equipment is built with glass-lined material, stainless steel and nickel alloy.
Customers include Aurobindo Pharma, Laurus Labs, Granules India, Natco Pharma, Piramal Pharma and Hetero Labs.
The IPO was Rs 410.05 crore. Of this, Rs 210.00 crore was fresh issue and Rs 200.05 crore was offer for sale. The largest planned use was Rs 130.00 crore for repaying borrowings.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Standard Glass Lining Technology IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Motilal Oswal Investment Advisors
40 issues handledBest listing: GNG Electronics (+49.8%). Weakest: Turtlemint Fintech Solutions (-10.4%).
IIFL Capital Services Limited
50 issues handledBest listing: Tonbo Imaging India (+65.7%). Weakest: Acevector (-11.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Standard Glass Lining Technology?
The current Grey Market Premium is ₹46, or 33% over the issue price.
What is the Standard Glass Lining Technology IPO price band?
₹133 to ₹140, on a face value of ₹10.
When is the allotment?
The basis of allotment is 9 January 2025, with listing on 13 January 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
