Standard Glass IPO: A New Chapter Begins

Standard Glass Lining Technology Limited, a leading Hyderabad-based specialized engineering equipment manufacturer for the pharma and chemicals sector, has announced its maiden initial public offering (IPO). The IPO is set to open on January 6, 2025, with a price band of Rs 133 to Rs 140 per equity share of face value Rs 10 each.

IPO Details and Utilization of Proceeds

The IPO comprises a fresh issue of shares up to Rs 210 crore and an offer for sale (OFS) of up to 1,42,89,367 equity shares aggregating to Rs 200 crore. The company plans to allocate the proceeds towards repayment of borrowings, investment in subsidiary S2 Engineering Industry Pvt Ltd, funding inorganic growth, and general corporate purposes.

Industry Leadership and Strategic Partnerships

Standard Glass is recognized as one of India’s top three manufacturers of specialized engineering equipment and suppliers of PTFE lined pipelines and fittings. The IPO is managed by IIFL Capital Services Limited and Motilal Oswal Investment Advisors Limited, with KFin Technologies Limited as the registrar.

Commitment to Excellence

With a focus on designing, engineering, manufacturing, and commissioning solutions, Standard Glass is dedicated to establishing standard operating procedures for pharmaceutical and chemical manufacturers on a turnkey basis, reinforcing its position as a leader in the industry.