As Standard Glass Lining Technology Ltd. gets ready to conduct its Initial Public Offering (IPO), 2025 is starting off with a lot of market activity.
Here are all the financial data, goals, and strategic plans that investors should be aware of regarding this well-known initial public offering.
IPO Specifics and Important Dates
The initial public offering (IPO) is scheduled to commence on January 6, 2025, and close on January 8, 2025.
Price Range: ₹133 to ₹140 per share is the range that the corporation has chosen.
Minimum Investment: A minimum of 107 shares and multiples are available for bidders.
A fresh issue of ₹210 crore and an offer for sale (OFS) of 1.42 crore shares make up the public offering’s total size of ₹410.05 crore.
Tentative Listing Date: On January 13, 2025, shares are anticipated to make their NSE and BSE debuts.
Making Strategic Use of IPO Proceeds
The money collected from the new issuance will be used wisely to boost the company’s position and spur growth:
Repayment of Debt: ₹130 crore to settle outstanding obligations.
Subsidiary Investment: ₹30 crore to improve S2 Engineering Industry, a wholly-owned subsidiary.
Strategic Expansion:
₹20 crore for strategic investments and acquisitions.
₹10 crore to buy new equipment and machinery.
Enhancing overall operational efficiency is one of the general corporate purposes.
Grey Market Premium and Anchor Investors (GMP)
The company raised ₹123.02 crore from well-known anchor investors prior to the IPO, including:
Holdings Amansa Private Ltd.
Capital I Clarus
The Tata Mutual Fund
Mutual Fund Motilal Oswal
The Massachusetts Institute of Technology
Standard Glass Lining shares have a grey market premium (GMP) of ₹88, which is a substantial 63% premium over the issue price and suggests that investor interest is considerable.
Important Lessons for Investors
Robust Financial Support: High GMP and anchor investors indicate robust market confidence.
Focused Growth Strategy: Debt reduction and expansion projects will be financed using the proceeds.
Established Market Presence: The business has a track record of success with well-known customers.
Plans for Future Growth
Standard Glass Lining wants to use the money from the IPO to:
Increase its operational capability by making wise investments.
bolster its standing in the market by purchasing state-of-the-art technology.
Encourage innovation in the production of chemicals and pharmaceuticals.
Increase client satisfaction and worldwide competitiveness.
Allocation and Market Segmentation
The IPO is set up to accommodate various investor demographics:
50% of the offer goes to qualified institutional buyers, or QIBs.
15% of the offer goes to non-institutional investors (NIIs).
35% of the offer goes to retail individual investors (RIIs).
Profile of the Company and Competitive Advantage
Standard Glass Lining Technology Ltd. is an expert in offering complete solutions for the production of chemicals and pharmaceuticals. Among its extensive offerings are:
Engineering and design
Production and assembling
Commissioning and installation
Creating SOPs (standard operating procedures) from scratch
Prominent Clientele and Industry Existence
Among its strong portfolio are well-known pharmaceutical behemoths like:
Aurobindo Pharmaceuticals
Cadila Pharmacies
India Granules Ltd.
Medications Macleods
The Piramal Pharma
Suven Medicines
This strong clientele highlights its reputation for dependability and excellence.
A Complete Guide to Upcoming IPOs and Market Highlights
In brief
With seven initial public offerings (IPOs) scheduled for subscription and six for listing, the Indian primary market is expected to see a spike in activity in the upcoming week.
This covers four SME offers on the NSE and BSE platforms in addition to three mainboard IPOs. Let’s examine these products’ particulars as well as the general market patterns.
Scheduled IPO Listings
January 6–10 will see the market launch of six initial public offerings (IPOs):
January 7, 2025:
Indo Farm Equipment Limited (BSE/NSE Mainboard)
(BSE SME) Technichem Organics Limited
January 8, 2025:
Leo Spices and Dry Fruits (BSE SME)
January 9, 2025:
Sons of Davin (BSE SME)
BSE SME Parmeshwar Metal
10 January 2025:
Cleanrooms for Fabtech Technologies (BSE SME)
IPOs for SMEs
1. Insulation Company Indobell
Date of Opening: January 6, 2025
Size of Issue: 10.14 crore rupees
Cost: ₹46 for each share
3,000 shares make up the lot size.
Infrastructure BR Goyal Limited
Date of Opening: January 7, 2025
Date of Closing: January 9, 2025
The issue is worth ₹85.21 crore.
Share price range: ₹128 to ₹135
1,000 shares make up the lot size.
3. Delta Autocorp Limited
Date of Opening: January 7, 2025
Date of Closing: January 9, 2025
The issue is worth ₹54.60 crore.
Issued Newly: 38.88 lakh shares
3.12 lakh shares are up for sale.
4. Avax Clothing and Jewels Limited
Date of Opening: January 7, 2025
Date of Closing: January 9, 2025
Size of Issue: 1.92 crore rupees
Cost: ₹70 for each share
2,000 shares make up the lot size.
IPOs on the mainboard
First, the IPO of Standard Glass Lining Technology
Date of Opening: January 6, 2025
Date of Closing: January 8, 2025
The issue is worth ₹410.05 crore.
1.50 crore shares (₹210 crore) are being issued new.
1.42 crore shares (₹200.05 crore) are up for sale.
Price range for each share: ₹133 to ₹140Lot Size: 107 shares (minimum investment of ₹14,980)
IPO for Quadrant Future Tek
Date of Opening: January 7, 2025
Date of Closing: January 9, 2025
Size of Issue: ₹290 crore
New Issue: One Crore of Shares
Price range for each share: ₹275 to ₹290
Lot Size: 50 shares (minimum investment of ₹14,500)
Development of Train Control and Signalling Systems for Railway Projects (Kavach) is the business focus.
IPO Invitation from Capital Infra Trust
Date of Opening: January 7, 2025
Date of Closing: January 9, 2025
The issue is worth ₹1,578 crore.
10.77 crore shares are being issued newly.
5.01 crore shares are up for sale.
Price range for each share: ₹99 to ₹100
Lot Size: 150 shares, with a minimum investment of ₹15,000.
Gawar Construction Limited is the sponsor.