Standard Glass Lining IPO: Key Dates, Pricing, and Allotment Insights

Standard Glass Lining Technology Limited was founded in September 2012 and specialises in the manufacture of technical equipment for the pharmaceutical and chemical sectors in India. The range of services includes developing, designing, manufacturing, assembling, installing and commissioning solutions and establishing standard operating procedures for pharmaceutical and chemical manufacturers on a turnkey basis.

They are also manufacturers of glass-lined, stainless steel, and nickel-alloy speciality equipment and suppliers of polytetrafluoroethylene (“PTFE”) – lined piping and fittings in India. The company has a diversified customer base that includes end users in the pharmaceutical, chemical, paint, biotechnology and food and beverage sectors. Its key customers include 30 of the approximately 80 pharmaceutical and chemical companies included in the NSE 500 Index as of June 30, 202.

The company has entered into a contract with HHV Pumps Private Limited (“HHV”) for the supply of vacuum pumps and a private label contract. and GL Hakko Co Ltd (“GL Hakko”) for procurement of certain types of glass for its glass lining division. Standard Glass Lining Technology Limited was established in September 2012 and specialises in the manufacture of technical equipment for the pharmaceutical and chemical industries in India.

Standard Glass Lining IPO open date is January 6, 2025 and the IPO will close on January 8, 2025. The company to raise around ₹410.05 crores via IPO that comprises fresh issue of ₹210 crores and offer for sale up to 1,42,89,367 equity shares with face value of ₹10 each.

Standard Glass Lining IPO price band is ₹133 to ₹140 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Standard Glass Lining IPO to list on BSE, NSE on January 13, 2025. The allotment of Standard Glass Lining IPO date is January 9, 2025. The company reported profit of ₹60.01 crores in 2024 against Profit of ₹53.42 crores in 2023.

Standard Glass Lining IPO Details

Standard Glass Lining IPO Timeline

The Standard Glass Lining IPO date is January 6 and the close date is January 8. The Standard Glass Lining IPO allotment will be finalized on January 9 and the IPO listing on January 13.

Standard Glass Lining IPO Lots

Standard Glass Lining Technology Limited: Key Financial Highlights

Standard Glass Lining Technology Limited’s revenue increased by 10% and profit after tax (PAT) rose by 12% between the financial year ending with March 31, 2024 and March 31, 2023.