Allotment

The Standard Glass Lining IPO was a book-built issue aggregating ₹410.05 crore, comprising a fresh issue of 1.50 crore equity shares amounting to ₹210.00 crore and an offer for sale (OFS) of 1.43 crore shares totaling ₹200.05 crore.
The IPO opened for subscription on January 6, 2025, and closed on January 8, 2025. The basis of allotment was finalized on January 9, 2025, and the shares were listed on the BSE and NSE on January 13, 2025.
The price band for the issue was fixed at ₹140 per share, with a lot size of 107 shares. Retail investors were required to invest a minimum of ₹14,980 (based on the upper price). For non-institutional investors:
Small NII (sNII): 14 lots (1,498 shares) amounting to ₹2,09,720
Big NII (bNII): 67 lots (7,169 shares) amounting to ₹10,03,660
Key Participants
Book Running Lead Manager: IIFL Capital Services Ltd.
Registrar: KFin Technologies Ltd.
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Updates On
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IPO Market price
| IPO Date | 13 Jan |
| IPO Listing Date | 13 Jan |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹140.00 |
| IPO Issue Size | 2,92,89,367 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE, BSE Platform |
| Share Holding Pre Issue | 18,44,91,662 shares |
| IPO Open Date | 6 Jan |
| IPO Close Date | 8 Jan |
| IPO Allotment (Tentative) | 9 Jan |
| Refunds | 10 Jan |
| Credit to Demat Account | 10 Jan |
| IPO Listing Date | 13 Jan |
| Category | Offer |
|---|---|
| QIB Shares Offered | 1,46,43,884 Shares |
| NII (HNI) Shares Offered | 43,93,406 Shares |
| Retail Shares Offered | 1,02,51,279 Shares |
Investors can apply for a minimum of 107 shares and thereafter in multiples of 107 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,980 |
| Retail (Max) | 13 | 1,391 | ₹1,94,740 |
| S-HNI (Min) | 14 | 1,498 | ₹2,09,720 |
| S-HNI (Max) | 66 | 7,062 | ₹9,88,680 |
| B-HNI (Min) | 67 | 7,169 | ₹10,03,660 |
Standard Glass Lining Technology Limited was originally incorporated as Standard Glass Lining Technology Private Limited in Hyderabad on September 6, 2012. The company changed its name to the current one, with a fresh Certificate of Incorporation issued on June 17, 2022. It is engaged in the manufacturing and sale of glass-lined reactors, receivers, and storage tanks, offering specialized turnkey solutions for the pharmaceutical industry. Over the years, the company has established itself as a leading player in the sector, ranking among the top five specialized engineering equipment manufacturers for pharmaceuticals and chemicals in India.
The company has a strong track record of growth and expansion. In 2013, it acquired the Glass Lining Division and sold its first 100 glass-lined reactors in 2014. Key milestones include supplying stainless steel glass-lined reactors to Natco Pharma in 2016, constructing a new glass lining facility at SGL Unit in 2019, and acquiring C.P.K. Engineers Private Limited in 2024. The company also established S2 Engineering Industry Private Limited as a wholly-owned subsidiary in 2021 and launched Standard Engineering Inc. in 2025 to further expand its global presence.
Standard Glass Lining provides engineered solutions for processes across pharmaceuticals, chemicals, food & beverage, biotechnology, and fertilizers, including turnkey automated systems for vacuum distillation, solvent recovery, and gas dispersion. It is also recognized as one of India’s top three manufacturers of glass-lined, stainless steel, and nickel alloy-based specialized engineering equipment. In FY 2025, the company introduced Glass-Lined Shell and Tube Heat Exchangers and commenced operations at its newly commissioned S2 Unit 5 for manufacturing stainless steel and nickel alloy equipment.
The company raised ₹410.05 crore through its IPO in January 2025, issuing 29,289,367 equity shares of ₹10 each, comprising a fresh issue of 15,000,000 shares aggregating ₹210 crore and an offer for sale of 14,289,367 shares aggregating ₹200.05 crore. These funds are intended to support expansion, modernize manufacturing facilities, and strengthen its position as a leading engineering solutions provider in India.
| Assets | 756.52 | 665.38 | 347.79 |
| Total Income | 312.1 | 549.68 | 500.08 |
| Profit After Tax | 36.27 | 60.01 | 53.42 |
| EBITDA | - | - | - |
| NET Worth | 447.8 | 409.92 | 156.67 |
| Reserves and Surplus | 261.58 | 389.18 | 139.94 |
| Total Borrowing | 173.8 | 129.32 | 81.96 |
| ROE | 20.74% |
| ROCE | 25.49% |
| Debt/Equity | 0.32 |
| RoNW | 20.74% |
| PAT Margin | 10.92% |
| EBITDA Margin | - |
| Price to Book Value | 5.7 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 11.46 |
| 3 | To meet out the General Corporate Purposes; | 9.35 |
| 4 | Offer for Sale (OFS) | - |
Standard Glass Lining Technology Ltd. Address
10th Floor, PNR High Nest,
Hydernagar, KPHB Colony
Hyderabad- 500085
Hyderabad, Telangana
+ 040 3518 2204
corporate@standardglr.com
https://www.standardglr.com/
IPO Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
sgltl.ipo@kfintech.com
https://ipostatus.kfintech.com/