Standard Glass Lining Technology IPO to open on Monday: GMP, review, 10 key things to know and other details

Standard Glass Lining Technology IPO to open on Monday: GMP, review, 10 key things to know and other details


The initial public offering (IPO) of Standard Glass Lining Technology Limited is scheduled to open for public bidding on Monday, January 6 and close on Wednesday, January 8. The company manufactures engineering equipment for pharmaceutical and chemical Sector in India.

Read also , Standard Glass Lining raises ₹123 crore from anchor investors ahead of IPO

As of January 4, the gray market premium (gmpIPO of Standard Glass Lining Technology launched 88 per share. With upper price band for public issue 140, shares are expected to be listed 228, a premium of 62.86 percent, according to data collected from Investorgain.com.

An indicator of gray market premium investors‘Willingness to pay more for a public issue.

Read also , Standard Glass Lining Technology files DRHP with SEBI for IPO

Standard Glass Lining Technology IPO – 10 key things to know

Standard Glass Lining Technology IPO Date: Public Issue Subscriptions are scheduled to open on Monday, January 6 and close on Wednesday, January 8.

Standard Glass Lining Technology IPO Structure: The Hyderabad-based firm aims to raise Rs 410.05 crore from the book-built issue, combining the fresh issue of 1.50 crore equity shares. 210 crore and an offer for sale (OFS) of 1.43 crore shares in total. 200.05 crores.

Standard Glass Lining Technology IPO Price Band: The company has fixed the price band for the public issue. from 133 Rs 140 per share, with face value 10 per share.

Standard Glass Lining Technology IPO Lot Size: The official includes a lot size of 107 equity Shares and their multiples.

Standard Glass Lining Technology Anchor Round: The anchor round of the public issue was held on Friday, January 3. company raised Rs 123.01 crore raised from anchor investors ahead of the public issue.

Standard Glass Lining Technology IPO Objective: The company aims to use up to 10 crore to meet its capital expenditure requirements for purchase of machinery and equipment. till Rs 130 crore will be used to fully or partially repay or prepay certain outstanding borrowings. The funds will also be used to repay or prepay, in whole or in part, all or a part of the borrowings availed by S2 Engineering Industries Private Limited.

The company also aims to invest To meet the capital expenditure requirements for purchase of machinery and equipment, Rs. 30 crore has been infused into its wholly owned material subsidiary and S2 Engineering Industries Pvt. Ltd.

Ahead, Rs 20 crore will be used to fund inorganic growth through strategic investments and/or acquisitions, and the remaining funds will be used for general corporate purposes.

Read also , Standard Glass Lining’s IPO will open next week. Check GMP, Price Band, Other Details

Standard Glass Lining Technology IPO Reservation: The company has reserved up to 50 per cent of the public issue for qualified institutional buyers (QIBs), not less than 15 per cent for non-institutional investors (NIIs) and not less than 25 per cent for retail investors. RHP data.

Standard Glass Lining Technology IPO Manager: IIFL Securities and Motilal Oswal Investment Advisors are the bookrunners of the public issue, while Kfin Technologies is the registrar to the offer.

Standard Glass Lining Technology IPO Business: The company offers products such as reaction systems, storage, separation and drying systems. These are in addition to providing solutions including design, engineering, manufacturing, assembly, installation and standard operating procedures for pharmaceutical and chemical manufacturers.

Standard Glass Lining Technology IPO Financials: Company’s revenue increased by 10 percent year-on-year 549.68 crore in the financial year 2023-24, while profit increased by 12 percent. In year-on-year comparison, it stood at Rs 60.01 crore in the same period.

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