Standard Glass Lining Technology Limited (SGL) is set to make a significant entrance into the capital market with its upcoming Initial Public Offering (IPO) on January 6, 2025.
SGL’s IPO has garnered considerable attention from investors and industry stakeholders as a leading manufacturer of glass-lined equipment for the pharmaceutical and chemical industries.
About the Company
Established in 2012 and headquartered in Hyderabad, India, Standard Glass Lining Technology Limited specializes in designing, manufacturing, and supplying glass-lined equipment. Their product portfolio includes reactors, receivers, storage tanks, heat exchangers, and dryers, adhering to international standards such as ISO, DIN, ASME, and API.
Serving sectors like chemical, pharmaceutical, fertilizer, and food industries, SGL has positioned itself among the top five specialized engineering equipment manufacturers for these sectors in India, in terms of revenue for Fiscal 2024.
An Industry Overview
The glass-lined equipment manufacturing industry plays a crucial role in supporting the pharmaceutical and chemical sectors, which demand high-quality, corrosion-resistant equipment for their processes.
With the pharmaceutical and chemical industries experiencing robust growth, driven by increased demand for medicines and chemicals globally, the need for specialized equipment like that produced by SGL is on the rise. This growth trajectory presents significant opportunities for manufacturers within this niche market.
IPO Complete Details
| Open Date | January 6, 2025 |
| Close Date | January 8, 2025 |
| Total Issue Size | ₹410.05 crore |
| Number of Shares | The IPO comprises a fresh issue of equity shares worth ₹210 crore and an offer for sale (OFS) of up to 1.43 crore shares by promoters and other selling shareholders. |
| Price Band | ₹133 to ₹140 per share |
| Lot Size | 107 shares |
| Minimum Bid Price | ₹14,231 (107 shares x ₹133) |
| Maximum Bid Price | ₹14,980 (107 shares x ₹140) |
| Basis of Allotment | January 11, 2025 |
| Initiation of Refunds | January 12, 2025 |
| Credit of Shares to Demat Accounts | January 12, 2025 |
| Listing Date | January 13, 2025 |
| Listing Exchanges | BSE and NSE |
What Does This Mean For You?
The upcoming IPO of Standard Glass Lining Technology Limited offers investors an opportunity to participate in a company that is integral to the pharmaceutical and chemical industries.
With the increasing demand for specialized equipment in these sectors, SGL’s market position and growth prospects are noteworthy.
However, it’s essential to conduct thorough research and consider your investment objectives and risk tolerance before making any investment decisions.
Conclusion
Standard Glass Lining Technology Limited’s IPO marks a significant milestone for the company and presents a potential opportunity for investors interested in the pharmaceutical and chemical equipment manufacturing sector.
As always, it’s crucial to stay informed and exercise due diligence when considering participation in any IPO.
