The Standard Glass Lining IPO is a Rs 410.05 crore book-built offering. This offering consists of a 1.50 crore share fresh issue worth Rs 210.00 crores and a 1.43 crore share selling offer for Rs 200.05 crores.
Bidding for the Standard Glass Lining initial public offering (IPO) began on January 6, 2025, and finished on January 8, 2025. On Thursday, January 9, 2025, the Standard Glass Lining IPO allotment is anticipated to be approved. The Standard Glass Lining IPO is scheduled to list on the NSE and BSE on Monday, January 13, 2025.
The typical price range for the Glass Lining IPO is between ₹133 and ₹140 per share. An application must have a minimum lot size of 107. Retail investors are required to invest a minimum of ₹14,980. For bNII, the minimum lot size investment is 67 lots (7,169 shares), or ₹10,03,660, and for sNII, it is 14 lots (1,498 shares), or ₹2,09,720.
The Standard Glass Lining IPO’s book running lead managers are Iifl Securities Ltd. and Motilal Oswal Investment Advisors Limited, while the issue’s registrar is Kfin Technologies Limited.
Standard Glass Lining IPO Details
| IPO Date | January 6, 2025 to January 8, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹133 to ₹140 per share |
| Lot Size | 107 Shares |
| Total Issue Size | 2,92,89,367 shares (aggregating up to ₹410.05 Cr) |
| Fresh Issue | 1,50,00,000 shares (aggregating up to ₹ 210.00 Cr) |
| Offer for Sale | 1,42,89,367 shares of ₹10 (aggregating up to ₹200.05 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share Holding Pre Issue | 18,44,91,662 shares |
| Share Holding Post Issue | 19,94,91,662 shares |
Standard Glass Lining IPO Timeline (Tentative Schedule)
Standard Glass Lining IPO opens on January 6, 2025, and closes on January 8, 2025.
| IPO Open Date | Monday, January 6, 2025 |
| IPO Close Date | Wednesday, January 8, 2025 |
| Basis of Allotment | Thursday, January 9, 2025 |
| Initiation of Refunds | Friday, January 10, 2025 |
| Credit of Shares to Demat | Friday, January 10, 2025 |
| Listing Date | Monday, January 13, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 8, 2025 |
About Standard Glass Lining Technology Limited
Standard Glass Lining Technology Limited, an Indian company founded in September 2012, produces technical equipment for the chemical and pharmaceutical industries. The business is able to oversee the entire production process internally.
For makers of chemicals and pharmaceuticals, the company offers complete solutions that include design, engineering, production, assembly, installation, and standard operating procedures.
The product portfolio of the business consists of
Plant, Engineering, and Services; Storage, Separation, and Drying Systems; and Reaction Systems
Objects of the Issue (Standard Glass Lining IPO Objectives)
The Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Financing the company’s capital expenditure needs for the acquisition of machinery and equipment;
2. Repayment or partial prepayment of all or a portion of certain outstanding borrowings obtained by the Company and investment in S2 Engineering Industry Private Limited, a wholly owned Material Subsidiary, for the purpose of repaying or partially prepaying all or a portion of certain outstanding borrowings obtained by S2 Engineering Industry Private Limited from banks and financial institutions; as well as
3. Investment in S2 Engineering Industry Private Limited, a fully owned Material Subsidiary, to finance its capital expenditure needs for the acquisition of machines and equipment;
4. Using strategic investments, acquisitions, and general business objectives to finance inorganic growth