Standard Glass Lining Technology IPO GMP: The public issue of Standard Glass Lining Technology, a company that manufactures engineering equipment for the pharmaceutical and chemical sector, is starting from January 6 and investments can be made till January 8. The company is aiming to raise Rs 410.05 crore through this IPO. Out of this, 1.50 crore new equity shares worth Rs 210 crore will be issued, while 1.43 crore shares worth Rs 200.05 crore will be offered for sale.

Price Band and Lot Size

The price band for the IPO has been fixed at Rs 133-140 per share and the lot size is 107 shares. After the closing of the IPO, the allotment of shares will be finalised on January 9, and the listing will take place on January 13 on NSE and BSE.

Status of IPO in Grey Market

In the grey market, Standard Glass Lining shares are trading at a premium of Rs 97 or 69.29% over the IPO's upper price band of Rs 140. This has raised the possibility that the stock may be listed at a price of Rs 237.

IPO share and promoter details

In this IPO, 50% of the shares are reserved for qualified institutional buyers (QIBs), 35% for retail investors and 15% for non-institutional investors (NIIs). The promoters of the company include Nageshwar Rao Kandula, Kandula Krishna Veni, Kandula Ramakrishna, Venkat Mohan Rao Katragadda, Kudarvalli Punna Rao and M/s S2 Engineering Services.

Financial position of the company

The financial performance of the company has also been good. In the financial year 2022, it had a net profit of Rs 25.15 crore, which increased to Rs 53.42 crore in the next financial year 2023 and Rs 60.01 crore in 2024. During this period, the company's revenue grew at a compound growth rate (CAGR) of more than 50% annually to Rs 549.68 crore. Apart from this, in the first half (April-September) of 2024-25, the company has earned a net profit of Rs 36.27 crore and a revenue of Rs 312.1 crore.