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Business News/ Markets / Ipo/  Standard Glass Lining Share Price Live: Stock settles 7% below listing price on BSE but up 17% from IPO price
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Standard Glass Lining Share Price Live: Stock settles 7% below listing price on BSE but up 17% from IPO price

Standard Glass Lining Share Price Live: Standard Glass Lining shares made a strong start on the bourses today, listing at a 26% premium on the BSE and 23% on the NSE.

Standard Glass Lining IPO Share Listing Live: GMP, experts signal strong debut of shares on BSE, NSE today (Image: Unsplash)Premium
Standard Glass Lining IPO Share Listing Live: GMP, experts signal strong debut of shares on BSE, NSE today (Image: Unsplash)

Standard Glass Lining IPO Share Listing Live: Standard Glass Lining Technology shares made their debut in the Indian stock market today on a strong note, up 23 and 26% on NSE and BSE, respectively. However, the scrip settled below the listing price amid stock market crash. The initial public offering (IPO) of Standard Glass Lining Technology received strong investor demand. The bidding for the 410.05 crore-worth Standard Glass Lining IPO was open from January 6 to January 9. The issue received a massive 182.57 times subscription in total.

13 Jan 2025, 04:10:13 PM IST

Standard Glass Lining Share Price Live: Stock settles 7% below listing price

Amid stock market crash, shares of Standard Glass Lining tanked 7 per cent from their listing price to settle at 163.35 on the BSE. However, the stock is still up 16.68% from its IPO price of 140 apiece. The stock had listed at 176 today.

Meanwhile, on NSE, the stock settled 5% below its listing price of 172 at 163.20 apiece.

13 Jan 2025, 03:15:02 PM IST

Standard Glass Lining Share Price Live: Company operates at multiple locations; check details here

The company operates through eight manufacturing facilities, covering a built-up floor area of over 400,000 sq. ft. These facilities are strategically located in Hyderabad, Telangana, which is recognized as the "Pharma Hub" of India. Notably, this region accounted for 40.00% of the total Indian bulk drug production in Fiscal 2024, according to the F&S Report.

In addition to its manufacturing capabilities, the company boasts a comprehensive sales, service, and distribution network. This includes four sales offices located in Vadodara, Gujarat; Ankleshwar, Gujarat; Mumbai, Maharashtra; and Vishakhapatnam, Andhra Pradesh, alongside sales team members in key cities such as Jhagadia, Gujarat; Chennai, Tamil Nadu; New Delhi; Bengaluru, Karnataka; and Vijayawada, Andhra Pradesh, ensuring pan-India reach.

The company also has established agency arrangements for the sale and marketing of its products in Bangladesh, as well as agency and distribution agreements for marketing and distribution in Russia. Furthermore, it maintains resale arrangements across North America (excluding Cuba), South America, Europe (excluding Belarus and Russia), and select countries in Asia and Africa, broadening its international footprint.

13 Jan 2025, 03:01:56 PM IST

Standard Glass Lining Share Price Live: How different industries contribute to industry revenue

Revenues by end user industries for the six months period ended September 30, 2024, Fiscal 2024, Fiscal 2023 and Fiscal 2022,

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13 Jan 2025, 02:20:28 PM IST

Standard Glass Lining Share Price Live: Company caters to 30 out of 80 pharma & chemical companies listed on NSE 500 index. Check client list below

As of June 30, 2024, the company counts 30 out of approximately 80 pharmaceutical and chemical companies listed on the NSE 500 index among its marquee customers, according to the F&S Report. Some of the notable customers include:

  • Apitoria Pharma Private Limited
  • Aurobindo Pharma Limited
  • CCL Food and Beverages Private Limited
  • Cohance Lifesciences Limited
  • Cadila Pharmaceutical Limited
  • Deccan Fine Chemicals (India) Private Limited
  • Dasami Lab Private Limited
  • Laurus Labs Limited
  • Granules India Limited
  • Macleods Pharmaceuticals Limited
  • MSN Laboratories Private Limited
  • Natco Pharma Limited
  • Honour Lab Limited
  • Hetero Drugs Limited
  • Hetero Labs Limited
  • Hazelo Lab Private Limited
  • Piramal Pharma Limited
  • Sanvira Biosciences Private Limited
  • Suven Pharmaceuticals Limited
  • Tagros Chemicals India Private Limited
  • Vamsi Labs Limited
  • Viyash Life Sciences Private Limited

This diverse and prestigious client base highlights the company's strong presence and significant role in the pharmaceutical and chemical sectors.

13 Jan 2025, 01:57:48 PM IST

Standard Glass Lining Share Price Live: About the company

In Fiscal 2024, the company established itself as one of the top five specialized engineering equipment manufacturers for the pharmaceutical and chemical sectors in India, according to the F&S Report. The company offers comprehensive in-house capabilities across the entire value chain, including design, engineering, manufacturing, assembly, installation, and commissioning solutions. It also provides turnkey services to pharmaceutical and chemical manufacturers, helping them establish standard operating procedures.

The company's product portfolio includes essential equipment for the pharmaceutical and chemical industries, categorized into three key segments: (i) Reaction Systems, (ii) Storage, Separation, and Drying Systems, and (iii) Plant, Engineering, and Services, which includes ancillary parts.

Additionally, the company ranks as one of India's top three manufacturers of glass-lined, stainless steel, and nickel alloy-based specialized engineering equipment, as well as one of the top three suppliers of polytetrafluoroethylene (PTFE) lined pipelines and fittings, based on revenue in Fiscal 2024. Notably, it has been the fastest-growing company in its industry over the past three fiscal years in terms of revenue, according to the F&S Report.

13 Jan 2025, 01:26:33 PM IST

Standard Glass Lining Share Price Live: Stock down 3% from listing price

Standard Glass Lining share price dropped over 3% from the listing price to 170.10 on the BSE at 1.25 pm. However, the stock was still up 21% from IPO price of 140.

13 Jan 2025, 12:57:57 PM IST

Standard Glass Lining Share Price Live: Prathamesh Masdekar, Research Analyst, StoxBox on how to trade stock post listing

Standard Glass Lining Technology Ltd. made a decent debut on the stock market, listing at Rs. 172 per share, a 22.8% gain over its upper price band. The company is one of the few companies in India offering end-to-end customized solutions in the specialized engineering equipment used in the pharma and chemical sectors. The company's comprehensive product portfolio consists of 65+ products & offerings across the pharma and chemical industries and is also developing 15 more products. The company is further looking to expand capacity and is venturing into the 150 MM thickness segment, providing a gateway to sectors like Oil & Gas, Edible oil, Heavy engineering, etc. The company intends to continue strengthening its existing product portfolio in line with its capabilities and further diversify into products with increased growth and profitability prospects. 

Given the company’s strong growth prospects and favorable industry trends, we recommend that investors who have been allotted shares consider holding their positions from a medium to long-term perspective.

13 Jan 2025, 12:25:46 PM IST

Standard Glass Lining Share Price Live: Financial Snapshot

Profit for the year increased by 12.33%, from 534.24 million in Fiscal 2023 to 600.11 million in Fiscal 2024. Revenue from operations increased by 9.26%, from 4,975.88 million in Fiscal 2023 to 5,436.69 million in Fiscal 2024.

13 Jan 2025, 11:59:01 AM IST

Standard Glass Lining Share Price Live: Risks of investing in Standard Glass Lining

  • Dependence on our manufacturing facilities, all of which are situated in Telangana, India
  • Dependence on the availability and retainment of skilled labour and workforce
  • Dependence upon a limited number of customers for our revenue from operations
  • Dependence on a limited number of suppliers for our key raw materials
  • Not having long-term or exclusive contracts with majority of our customers and suppliers
  • Under-utilization of our currently operational production lines at our Manufacturing Facilities
  • Inability to effectively utilize our expanded manufacturing capacities

13 Jan 2025, 11:38:37 AM IST

Standard Glass Lining Share Price Live: Objectives of Standard Glass Lining IPO

1. Funding of capital expenditure requirements of our Company towards the purchase of machinery and equipment;

2. Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company and investment in our wholly owned material subsidiary, S2 Engineering Industry Private Limited, for repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by S2 Engineering Industry Private Limited from banks and financial institutions;

3. Investment in our wholly owned material subsidiary, S2 Engineering Industry Private Limited, for funding its capital expenditure requirements towards the purchase of machinery and equipment;

4. Funding inorganic growth through strategic investments and/or acquisitions; and

5. General corporate purposes.

13 Jan 2025, 11:11:17 AM IST

Standard Glass Lining Share Price Live: Shivani Nyati, Head of Wealth at Swastika Investmart recommends holding the stock after strong start

Standard Glass Lining Technology Limited made a strong debut on the stock market with a listing gain of approximately 22.86% over its issue price of 140, getting listed at around 172. The IPO garnered massive investor interest, achieving an impressive overall subscription of 185.48 times, reflecting high demand across all categories. As a leading provider of glass-lined equipment catering to the pharmaceutical and chemical sectors, the company has established itself as a key player by offering customized and innovative solutions. With consistent growth in revenue and profitability, coupled with a reasonable valuation, the positive listing underscores investor confidence in the company’s growth potential. Investors are suggested to hold their position by keeping a stoploss at around 155.

13 Jan 2025, 10:42:55 AM IST

Standard Glass Lining IPO Share Listing Live: Comparison with listed peers

Following is the comparison of accounting ratios with listed industry peers:

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13 Jan 2025, 10:15:16 AM IST

Standard Glass Lining IPO Share Listing Live: Stock drops 1.5% from listing high

Standard Glass Lining shares after listing at 26% premium witnessed some profit booking and traded 1.5% lower on the BSE at 173.25.

13 Jan 2025, 10:01:20 AM IST

Standard Glass Lining IPO Share Listing Live: Stock off to a strong start

Shares of Standard Glass Lining listed at 176 on the BSE, a premium of nearly 26% while on the NSE, the stock debuted at 171.40, a premium of 22.7%.

13 Jan 2025, 09:47:40 AM IST

Standard Glass Lining IPO Share Listing Live: Pre-open rate on BSE signals a 26% listing premium

Standard Glass Lining share price traded at 176 apiece on BSE, signaling 25.71% premium over IPO price. Meanwhile, on NSE, the stock was at 171.40 in the pre-open session, signaling 22.43% listing pop.

13 Jan 2025, 09:35:08 AM IST

Standard Glass Lining IPO Share Listing Live: Prathamesh Masdekar, Research Analyst, StoxBox on listing expectations

Standard Glass Lining Technology IPO has seen significant demand, oversubscribed by 185.48 times. The company is set for an impressive stock market debut today, with expectations of a 64% premium over its upper price band. The company is one of the few companies in India offering end-to-end customized solutions in the specialized engineering equipment used in the pharma and chemical sectors. The company is targeting 20% of revenue from exports by 2026 v/s present 0.5% contribution. We thus recommend that investors allotted shares consider holding their positions from a medium to long-term perspective.

13 Jan 2025, 09:18:53 AM IST

Standard Glass Lining IPO Share Listing Live: Standard Glass Lining IPO GMP today signals 36% listing pop

Standard Glass Lining IPO GMP today is 50. At the current GMP and IPO price of 140, Standard Glass Lining shares could list at 190, up 36%.

13 Jan 2025, 08:52:56 AM IST

Standard Glass Lining IPO Share Listing Live: Issue subscribed by a massive 183.18 times

Standard Glass Lining IPO Share Listing Live: Standard Glass Lining IPO was subscribed by a massive 183.18 times in total. The issue received bids for 381.56 crore equity shares as against 2.08 crore shares on the offer, as per NSE data. The retail investors’ category was subscribed by 64.99 times, while the Non Institutional Investors (NII) category was booked 268.50 times. The Qualified Institutional Buyers (QIBs) category received 331.60 times subscription.

13 Jan 2025, 08:46:29 AM IST

Standard Glass Lining IPO Share Listing Live: Key details of ₹410.05-crore worth Standard Glass Lining IPO

Standard Glass Lining IPO Share Listing Live: Standard Glass Lining IPO price band was set at 133 to 140 per share. At the upper-end of the price band, the company raised 410.05 crore from the IPO which comprised a fresh issuance of equity shares worth 210 crore and an offer-for-sale (OFS) of up to 1.43 crore equity shares by its promoters and other selling stakeholders. 

13 Jan 2025, 08:41:06 AM IST

Standard Glass Lining IPO Share Listing Live: Standard Glass Lining IPO timeline

Standard Glass Lining IPO Share Listing Live: The bidding for the 410.05 crore-worth Standard Glass Lining IPO opened for subscription on January 6 and closed on January 9. The IPO allotment was finalized on January 9. Standard Glass Lining IPO listing date is today, January 13.

13 Jan 2025, 08:33:30 AM IST

Standard Glass Lining IPO Share Listing Live: Standard Glass Lining Technology set to make stock market debut today

Standard Glass Lining IPO Share Listing Live: Standard Glass Lining Technology shares are set to make their debut in the Indian stock market today. The initial public offering (IPO) of Standard Glass Lining Technology received strong demand from investors. Standard Glass Lining IPO listing date is today, January 13.

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