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| IPO Listing At | NSE, BSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹410.05 Cr |
| Fresh Issue | ₹210.00 Cr |
| Offer for Sale | ₹200.05 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹133.00-140.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544333 |
| NSE Code | SGLTL |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Motilal Oswal Investment Advisors... |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 107 shares and in multiples thereof
Incorporated in September 2012, Standard Glass Lining Technology Limited is a manufacturer of engineering equipment for the pharmaceutical and chemical sectors in India. The company has the capability to manage the entire production process in-house.
The company provides turnkey solutions, including design, engineering, manufacturing, assembly, installation, and standard operating procedures for pharmaceutical and chemical manufacturers.
The company's product product portfolio includes
The company manufactures specialized engineering equipment using glass-lined materials, stainless steel, and nickel alloy.
The company's customer includes Apitoria Pharma Private Limited, Aurobindo Pharma Limited, CCL Food and Beverages Private Limited, Cohance Lifesciences Limited, Cadila Pharmaceutical Limited, Deccan Fine Chemicals (India) Private Limited, Dasami Lab Private Limited, Laurus Labs Limited, Granules India Limited, Macleods Pharmaceuticals Limited, MSN Laboratories Private Limited, Natco Pharma Limited, Honour Lab Limited, Hetero Drugs Limited, Hetero Labs Limited, Hazelo Lab Private Limited, Piramal Pharma Limited, Sanvira Biosciences Private Limited, Suven Pharmaceuticals Limited, Tagros Chemicals India Private Limited, Vamsi Labs Limited and Viyash Life Sciences Private Limited.
The company has eight manufacturing units situated in Hyderabad, Telangana.
The company's sales offices are situated in Vadodara, Gujarat, Ankleshwar, Gujarat, Mumbai, Maharashtra and Vishakhapatnam, Andhra Pradesh and sales team members are in Jhagadia, Gujarat, Chennai, Tamil Nadu, New Delhi, Bengaluru, Karnataka and Vijayawada, Andhra Pradesh with pan-India reach.
As of September 30, 2024, the company had 460 full-time employees and 731 contract labourers.
Competitive Strength
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of the Company towards purchase of machinery and equipment | 10.00 |
| 2 | Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Company and investment in wholly owned Material Subsidiary, S2 Engineering Industry Pvt.Ltd., for repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by S2 Engineering Industry Pvt.Ltd., from banks and financial institutions | 130.00 |
| 3 | Investment in wholly owned Material Subsidiary, S2 Engineering Industry Pvt.Ltd., for funding its capital expenditure requirements towards purchase of machinery and equipment | 30.00 |
| 4 | Funding inorganic growth through strategic investments and/or acquisitions | 20.00 |
| 5 | General Corporate Purposes | 3.43 |
| 6 | Issue Expenses | 32.36 |
| Total | 225.79 |
| Period Ended | 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 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 20.74% |
| ROCE | 25.49% |
| Debt / Equity | 0.32% |
| RoNW | 20.74% |
| PAT Margin | 10.92% |
| Price to Book Value | 5.70 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 3.25 | 3.64 |
| P/E (x) | 43.04 | 38.5 |
| Promoter Holding | 72.49% | 67.04% |
| Market Cap | ₹2792.88 Cr. | |
