The Standard Glass Lining IPO, the second IPO of January 2025, opened for subscription on January 6, 2025, and will close on January 8, 2025. With a total size of ₹410.05 crore, this IPO has garnered significant attention due to its impressive Grey Market Premium (GMP).
Current GMP and Market Sentiment
The Standard Glass Lining IPO GMP stands at ₹90, which is 61% premium over its upper price band of ₹140. Investors securing allotment could potentially gain 61% returns. However, it is important to note that GMP is a speculative indicator, and investors should carefully analyze the company’s financials before making a decision.
Key Details of Standard Glass Lining IPO
- IPO Opening Date: January 6, 2025
- IPO Closing Date: January 8, 2025
- IPO Size: ₹410.05 crore
- Fresh Issue: ₹210 crore
- Offer for Sale: 1,42,89,367 equity shares
- Price Band: ₹133 – ₹140 per share
- Face Value: ₹10 per share
- Listing Platform: NSE and BSE
- Retail Investor Quota: 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
Lot Size and Investment Details
| Category | Lot Size | Shares | Investment (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 107 | ₹14,980 |
| Retail Maximum | 13 | 1,391 | ₹1,94,740 |
| S-HNI | 14 | 1,498 | ₹2,09,720 |
| B-HNI | 67 | 7,169 | ₹10,03,660 |
Important Dates
| Event | Date |
| IPO Opening Date | January 6, 2025 |
| IPO Closing Date | January 8, 2025 |
| Allotment Date | January 9, 2025 |
| Refund Initiation | January 10, 2025 |
| Demat Credit | January 10, 2025 |
| Listing Date | January 13, 2025 |
About Standard Glass Lining Technology Limited
Established in 2012, Standard Glass Lining Technology Limited is a leading provider of specialized engineering equipment for industries such as pharmaceuticals, chemicals, paints, biotechnology, and food & beverages. The company is one of India’s top suppliers of polytetrafluoroethylene (PTFE) products and pipeline fittings.
Key Products:
- Glass-Lined Reactors
- Stainless Steel Equipment
- High-Alloy Equipment
With over 11,000 products delivered in the past decade, the company has established itself as a trusted name in the pharma and chemical industries.
Financial Performance
| Year | Revenue (₹ crore) | Expense (₹ crore) | Profit (₹ crore) |
| 2022 | 241.5 | 207.73 | 25.15 |
| 2023 | 500.08 | 428.22 | 53.42 |
| 2024 | 549.68 | 469.88 | 60.01 |
Key Metrics:
- EBITDA Margin: 18.36%
- PAT Margin: 10.92%
- ROCE: 25.49%
- Net Asset Value (NAV): ₹24.55
Promoters
- Nageshwar Rao Kandula
- Kandula Krishna Veni
- Kandula Ramakrishna
- Venkat Mohana Rao Kataragadda
Experts’ Opinion on GMP
Market experts emphasize that GMP should be treated as an indicator and not the sole factor for investment decisions. Investors are advised to thoroughly analyze the company’s financial statements and consider long-term prospects before applying.
How to Apply for Standard Glass Lining IPO?
- Open a Demat and Trading Account: Ensure you have an active account to apply for the IPO.
- Apply Through Your Broker: Use your broker’s platform to submit the application.
- Complete the Process Before the Deadline: Submit your application before the IPO closes.
Disclaimer
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