Standard Glass Lining Limited IPO Details Issue Price, Date, News, Allotment Status, GMP, Link, Updates

Standard Glass Lining Limited IPO Company Profile: 

Standard Glass Lining is recognized as one of the top five specialized engineering equipment manufacturers for the pharmaceutical and chemical sectors in India, based on revenue for Fiscal 2024 (Source: F&S Report). They offer comprehensive in-house capabilities across the entire value chain, encompassing design, engineering, manufacturing, assembly, installation, commissioning, and the establishment of standard operating procedures (SOPs) for pharmaceutical and chemical manufacturers, on a turnkey basis. Their portfolio includes core equipment used in the production of pharmaceutical and chemical products, which can be categorized into Reaction Systems, Storage, Separation and Drying Systems, and Plant, Engineering, and Services (including ancillary parts), reinforcing their commitment to delivering integrated, and high-quality solutions to their clients.

IPO-Note	Standard Glass Lining Limited
Rs.133– Rs.140 per Equity share	Recommendation:  Apply

Standard Glass Lining Limited IPO Details:

Standard Glass Lining Limited IPO Financial Performance:

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Standard Glass Lining Limited IPO Shareholding Pattern:

Particulars	Pre Issue	Post issue
Promoters Group	72.49%	59.97%
Others	27.51%	40.13%

Standard Glass Lining Limited IPO Strengths:

• The engineering solutions provided by company are used across many industries like pharmaceutical,   chemical,   food   and   beverage, biotechnology and fertilizer sectors.
• The company generated a revenue of ₹543.6 crores in FY24, marking a 9% increase compared to FY23.CAGR of revenue from FY22 to FY24 was 50.4%. Company also reported PAT of Rs 60.51 crores in FY24 13.2% more than FY23.
• The Indian pharmaceutical sector is expected to experience significant growth, driven by an increase in formulations, the “China plus One” strategy, and favorable government policies. As the industry expands, the demand for the company’s products is also likely to increase.
• The company achieved a Return on Equity (ROE) of 20.74% and a Return on Capital Employed (ROCE) of 25.49%, demonstrating strong profitability and efficient use of equity.

Standard Glass Lining Limited IPORisk Factors:

• The digital market is highly competitive, with the company facing strong competition from players like GMM Pfaudler Ltd,HLE Glascoat Ltd, Thermax Ltd and Praj Industries
• The company experienced negative cash flow from operations in FY24, with a Cash flow operations of -65 crores.

Standard Glass Lining Limited IPO Outlook:

Standard Glass Lining has firmly established itself as a key player in the engineering equipment manufacturing sector, demonstrating strong growth in both revenue and profitability. The company has secured a robust client base, including prominent names such as Aurobindo Pharma Limited, CCL Food and Beverages Private Limited, Cohance Lifesciences Limited, and Cadila Pharmaceuticals Limited. In terms of valuation, the company’s shares are priced at a P/E ratio of Rs 38.57, based on an expected annualized earnings per share (EPS) of Rs 3.62. This valuation reflects the company’s market position and growth prospects, and is considered to be appropriately priced. Given the company’s solid fundamentals, growth trajectory, and competitive position, we recommend investors to consider applying for the issue. This presents a potential opportunity for both short-term listing gains and long-term value creation.

 

Standard Glass Lining Limited IPO FAQ: