Price Band
₹133 - ₹140
Lot Size
107
Issue Size
₹410.05 Cr
GMP
N/A
Subscription
185.48x
IPO Schedule
Open
6 Jan 2025
Close
8 Jan 2025
Allotment
-
Listing
13 Jan 2025
About Standard Glass Lining Technology
Standard Glass Lining Technology is a manufacturer specializing in glass-lined equipment, catering primarily to the chemical, pharmaceutical, and allied industries. Their products are crucial for processes requiring corrosion resistance and product purity. The IPO aims to fund expansion and working capital requirements.
Key Strengths
- Established market position in the glass-lined equipment industry.
- Strong relationships with key customers in the chemical and pharmaceutical sectors.
- High ROE of 20.74% indicates efficient capital utilization.
- Focus on specialized and niche product offerings with high barriers to entry.
- Experienced management team with a proven track record.
Risk Factors
- •Dependence on specific industries (chemical and pharmaceutical) makes them vulnerable to cyclical downturns in these sectors.
- •Competition from both domestic and international players in the glass-lined equipment market.
- •Fluctuations in raw material prices (steel, glass) could impact profitability.
- •Risk of technological obsolescence if the company fails to innovate and adapt to new materials or processes.
Valuation Analysis
The IPO is priced at a P/E of 43.04, which appears relatively high compared to some industry peers, suggesting that the company's growth prospects are already priced in. Investors should carefully consider the valuation in light of the company's growth potential and the inherent risks associated with its business.
IPO Details
Key Metrics
Growth & Quality
Subscription
Documents
RHP not available