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Standard Glass Lining IPO
Price Band
₹133.0–140.0
Issue Size
₹410.05 Cr
Lot Size
107 shares
Min Investment
₹14,980
GMP
+₹50.0 (35.71%)
Issue Price
₹140.0
Subject to Sauda
₹4100
Paid only if allotted
Standard Glass Lining IPO AI Summary
- Standard Glass Lining IPO is listed on NSE, BSE in the Industrial Products sector.
- Price band: ₹133.0–₹140.0 per share, lot size 107 shares (min. investment ₹14,980).
- Subscription window: 06 Jan–08 Jan 2025, listing on 13 Jan 2025.
- Current GMP is +₹50.0 (35.71%), an estimated listing price of ₹190 — unofficial and can change daily.
Standard Glass Lining Technology Limited is set to launch its IPO with an issue price of ₹140.0. The company has shown a consistent growth trend in its total income and profit over the past years, though the latest figures are from a 9-month period. The IPO proceeds will be utilized for various strategic purposes, including capital expenditures and repayment of borrowings.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Standard Glass Lining IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 08 Jan 2025 — not a current signal.
19 of 21 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Standard Glass Lining IPO Grey Market Premium (GMP) Today
GMP
+₹50.0
GMP %
+35.71%
Est. Listing
₹190.0
Updated: 25 Jul 2026 14:15
About the Company
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 Reaction Systems; Storage, Separation and Drying Systems; and Plant, Engineering and Services 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 Specialised engineering equipment manufacturers for the pharmaceutical and chemical sectors. Customized and innovative range of products throughout the entire pharmaceutical and chemical manufacturing value chain. Strategically located manufacturing facilities with advanced technological capabilities. Long term relationships with marquee clientele across sectors. Consistent track record of profitable growth.
Company Financials (₹ Cr)
As of 2024-09-30
| 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 |
Key Ratios
EPS
₹3.25
NAV
₹24.55
ROE
20.74%
ROCE
25.49%
RoNW
20.74%
P/B Value
5.70
P/E Ratio
43.04
Market Cap
₹2792.88 Cr
PAT Margin
10.92%
Debt/Equity
0.32
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Praj Industries Ltd. | 69.36 | 24.09% | 52.54 | 15.42 | 15.42 |
| Thermax Ltd. | 394.1 | 15.53% | 81.24 | 57.28 | 57.3 |
| HLE Glascoat Limited | 61.06 | 7.99% | 56.54 | 6.52 | 6.52 |
| Gmm Pfaudler Ltd. | 215.22 | 20.23% | 30.64 | 39.79 | 39.8 |
| Standard Glass Lining Technology Limited This IPO | 24.55 | 20.74% | — | 3.52 | 3.52 |
Promoters
Nageswara Rao Kandula, Kandula Krishna Veni, Kandula Ramakrishna, Venkata Mohana Rao Katragadda, Kudaravalli Punna Rao and S2 Engineering Services
Objects of the Issue
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹241.50 Cr in the period ending 31 Mar 2022, increasing to ₹500.08 Cr by 31 Mar 2023, then rising further to ₹549.68 Cr by 31 Mar 2024. However, the most recent figure of ₹312.10 Cr for the period ending 30 Sep 2024 is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹25.15 Cr in the period ending 31 Mar 2022, growing to ₹53.42 Cr by 31 Mar 2023, and then increasing to ₹60.01 Cr by 31 Mar 2024. The latest figure of ₹36.27 Cr for the period ending 30 Sep 2024 is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹140.0, Standard Glass Lining Technology Limited has an implied P/E ratio of 43.04, while its peers are trading at P/E ratios ranging from 30.64 to 81.24.
Grey Market Premium, Explained
The grey market premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand for the shares in the grey market before they are officially listed on the stock exchange. A positive GMP suggests that the shares may list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth potential, financial health, and market conditions.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable and established companies may want to avoid IPOs like this, especially if they are uncomfortable with the inherent uncertainties and fluctuations of newly listed stocks.
IPO Timeline, Explained
The IPO opens for subscription on 6th January 2025 and closes on 8th January 2025. Allotment of shares will be done on 9th January 2025, and the shares are expected to be listed on the stock exchange on 13th January 2025.
Listing Gains — The Risk
Listing gains refer to the profit that investors can make when shares are listed at a higher price than the issue price. However, these gains are not guaranteed, and the stock price can fluctuate significantly on the listing day and thereafter, posing a risk to investors.
This evaluation is generated from Standard Glass Lining's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Standard Glass Lining IPO GMP today?
Standard Glass Lining IPO GMP today is +₹50.0 (35.71%), indicating an estimated listing price of ₹190. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Standard Glass Lining IPO?
The price band of Standard Glass Lining IPO is ₹133.0–₹140.0 per share.
When does Standard Glass Lining IPO open and close?
Standard Glass Lining IPO opens on 06 January 2025 and closes on 08 January 2025.
When does Standard Glass Lining IPO list on the stock exchange?
Standard Glass Lining IPO listed on 13 January 2025 at ₹190.0.
What is the lot size for Standard Glass Lining IPO?
The lot size for Standard Glass Lining IPO is 107 shares, requiring a minimum investment of ₹14,980.
What is the price band for the IPO?
The price band for the IPO is ₹133.0 to ₹140.0.
What is the minimum investment required?
The minimum investment required is ₹14,980.0.
What is the lot size for this IPO?
The lot size for this IPO is 107 shares.
When is the listing date for the shares?
The shares are expected to be listed on 13th January 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
06 Jan 2025
Close
08 Jan 2025
Allotment
09 Jan 2025
Listing
13 Jan 2025
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