Standard Glass Lining Technology Limited IPO
Company Overview Incorporated in September 2012, Standard Glass Lining Technology Limited is a leading manufacturer of specialized engineering equipment for the pharmaceutical and chemical sectors in India.
Capabilities
The company has in-house capabilities to manage the entire production process, providing turnkey solutions that include:
Design
Engineering
Manufacturing
Assembly
Installation
Standard operating procedures
Product Portfolio
The company's product portfolio comprises:
Reaction Systems
Storage, Separation, and Drying Systems
Plant, Engineering, and Services
Manufacturing Capabilities
The company manufactures specialized engineering equipment using:
Glass-lined materials
Stainless steel
Nickel alloy
Objectives of the Issues:
Capital expenditure for procuring machinery and equipment.
Repayment of existing borrowings and investment in subsidiaries.
Funding capital expenditure in subsidiaries.
Supporting inorganic growth through strategic acquisitions.
Strengths
Among the top five specialized engineering equipment manufacturers in India for pharmaceutical and chemical industries.
Leading Indian manufacturer of glass-lined, stainless steel, and nickel alloy-based equipment.
Offers customized solutions for the pharmaceutical, chemical, food, and beverage sectors.
Over 11,000 products supplied in the last decade, catering to diverse industries.
In-house manufacturing of stainless steel glass-lined reactors, with capacities up to 10KL.
Strategic partnerships with HHV Pumps and GL Hakko to enhance product offerings and market reach.
State-of-the-art facilities with CNC plasma, laser cutting, and welding systems.
Risks
Guarantees on subsidiary loans could result in costs if defaults occur, affecting profitability.
High reliance on pharmaceutical and chemical sectors, leading to concentration risk.
Risk of under-utilization of manufacturing capacity.
Susceptibility to delays or defaults in customer payments.
Exposure to fluctuations in raw material costs, with limited ability to pass on increases to customers.
Dependence on facilities in Telangana, vulnerable to natural disasters and political changes.
Standard Glass Lining IPO: Key Details
IPO Dates: 6 to 8 January, 2025
Price Band : ₹133 to ₹140 per share
Lot Size: 107 shares
Total Issue size: ₹ 410.05 Crores
Retail Quota: 35%
GMP: 50% (For Informational purposes only)
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