Standard Glass Lining IPO: 10 key points to consider before ₹410 crore offer opening

Standard Glass Lining Technology IPO: Specialised engineering equipment manufacturer Standard Glass Lining Technology's initial public offering (IPO) will open on Monday, January 6, 2025. The price range has been set at ₹133 to ₹140 per equity share. The shares of the company will be listed on the stock exchanges on Monday, January 13.

Standard Glass Lining IPO: 10 key points to know

• Standard Glass Lining IPO subscription period: The book-built issue will be live from January 6 to January 8.
• Anchor investors' bidding: The bidding for anchor investors will be open for a day on Friday, January 3.
• IPO offer structure: The ₹410.05 crore initial share sale is a mix of fresh issuance worth ₹210 crore and an offer-for-sale (OFS) of 1.43 crore equity shares. Under the OFS, S2 Engineering Services, Kandula Krishna Veni, Kandula Ramakrishna, Nageswara Rao Kandula, Katragadda Venkata Ramani, Standard Holdings, and Venkata Siva Prasad Katragadda will offload their stake.
• Standard Glass Lining IPO price band: The price band has been fixed at ₹133-₹140 per share.
• Reservation: Half of the net issue is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.
• Standard Glass Lining IPO lot size: Retail investors can bid for at least 107 shares for ₹14,980 and in multiples thereafter.
• Objectives: The money raised will be used to the tune of ₹130 crore for debt repayment, ₹30 crore to invest in the subsidiary S2 Engineering Industry, ₹20 crore for inorganic growth through strategic investments or acquisitions, ₹10 crore for the purchase of machinery and equipment, and a part for corporate general purposes.
• Book-running lead manager and registrar: IIFL Securities and Motilal Oswal Investment Advisors Ltd are the issue's book-running lead managers, while Kfin Technologies Limited is the registrar.
• Standard Glass Lining IPO allotment date: The basis of allotment is expected to be finalised on January 9.
• Standard Glass Lining IPO listing date: The shares will be listed on the NSE and the BSE on January 13.

About Standard Glass Lining

Standard Glass Lining is a specialised engineering equipment manufacturer for the chemical and pharmaceutical sectors. It has in-house capabilities, from engineering, designing, and manufacturing to installation and establishing standard operating procedures (SOPs).

Some of its pharma clients include Granules India Ltd, Aurobindo Pharma, Piramal Pharma, Macleods Pharmaceuticals, Cadila Pharmaceutical, and Suven Pharmaceuticals.