Standard Glass Lining Technology Ltd, a specialized engineering equipment manufacturer for the pharmaceutical and chemical sectors in India, recently concluded its Initial Public Offering (IPO). Here are the key details:

IPO Details:

• Issue Period: January 6 to January 8, 2025.
• Issue Size: ₹410.05 crore, comprising a fresh issue of ₹210 crore and an offer-for-sale (OFS) of up to 1.43 crore equity shares by promoters and other stakeholders.
• Price Band: ₹133 to ₹140 per share.
• Lot Size: 107 shares, requiring a minimum investment of ₹14,980.
• Listing Date: Scheduled for January 13, 2025, on both BSE and NSE.

Subscription Details:

The IPO received an overwhelming response, being oversubscribed 183.18 times. The breakdown is as follows:

• Qualified Institutional Buyers (QIBs): Subscribed 331.60 times.
• Non-Institutional Investors (NIIs): Subscribed 268.50 times.
• Retail Investors: Subscribed 64.99 times.

Allotment and Listing:

• Allotment Finalization: January 9, 2025.
• Shares Credited to Demat Accounts: By January 12, 2025.
• Listing Date: January 13, 2025.

Financial Highlights:

• Revenue Growth: From ₹240.2 crore in FY22 to ₹543.7 crore in FY24, marking a CAGR of 50.5%.
• Profit After Tax (PAT): Increased from ₹25.1 crore to ₹60.0 crore during the same period, a CAGR of 55%.
• EBITDA Margin: Averaged 17.2%.
• PAT Margin: Averaged 10.7%.
• Return on Equity (RoE): 28.5% over FY22-24.
• Net Debt-to-Equity Ratio: 0.3x as of September 30, 2024.

Utilization of Funds:

Proceeds from the fresh issue are allocated for:

• Capital Expenditure: ₹10 crore for machinery and equipment.
• Debt Repayment: ₹130 crore.
• Investment in Subsidiary (S2 Engineering): ₹30 crore.
• Funding Inorganic Growth: ₹20 crore.
• General Corporate Purposes.

Company Overview:

Established in 2012, Standard Glass Lining Technology Ltd specializes in manufacturing engineering equipment for the pharmaceutical and chemical industries. Their product range includes reaction systems, storage, separation and drying systems, and plant engineering services. The company operates eight manufacturing units in Hyderabad, Telangana.

For more detailed information, you may refer to the official prospectus and financial reports of Standard Glass Lining Technology Ltd.