Standard Glass Lining Technology Limited IPO
Standard Glass Lining Technology Limited (SGLTL) recently concluded its Initial Public Offering (IPO), marking a significant milestone for the company and its stak ...
Read moreIPO Timeline
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06 Jan 2025Bidding Starts
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08 Jan 2025Bidding Ends
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09 Jan 2025Allotment Finalization
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10 Jan 2025Refund Date
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10 Jan 2025Demat Date
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13 Jan 2025Listing Date
Standard Glass Lining Technology Limited IPO Financial Result in crore
| Year | Asset | Revenue | Profit |
|---|---|---|---|
| 31 Mar 2022 | ₹298.11 Cr | ₹241.50 Cr | ₹25.15 Cr |
| 31 Mar 2023 | ₹347.79 Cr | ₹500.08 Cr | ₹53.42 Cr |
| 31 Mar 2024 | ₹665.38 Cr | ₹549.68 Cr | ₹60.01 Cr |
| 30 Sep 2024 | ₹756.52 Cr | ₹312.10 Cr | ₹36.27 Cr |
About Standard Glass Lining Technology Limited IPO
Objectives of the IPO
The IPO aimed to raise ₹410.05 crore ...
Debt Repayment: ₹130 crores to reduce outstanding borrowings.
Investment in Subsidiary: ₹30 crores for S2 Engineering Industry Private Limited.
Strategic Acquisitions: ₹20 crores earmarked for potential acquisitions.
Purchase of Machinery: ₹10 crores to upgrade manufacturing capabilities.
General Corporate Purposes: Remaining funds to support overall corporate activities.
Objectives of the IPO
The IPO aimed to raise ₹410.05 crores, comprising a fresh issue of ₹210 crores and an offer for sale of ₹200.05 crores. The proceeds are allocated as follows:
Debt Repayment: ₹130 crores to reduce outstanding borrowings.
Investment in Subsidiary: ₹30 crores for S2 Engineering Industry Private Limited.
Strategic Acquisitions: ₹20 crores earmarked for potential acquisitions.
Purchase of Machinery: ₹10 crores to upgrade manufacturing capabilities.
General Corporate Purposes: Remaining funds to support overall corporate activities.
Objectives of the IPO
The IPO aimed to raise ₹410.05 crores, comprising a fresh issue of ₹210 crores and an offer for sale of ₹200.05 crores. The proceeds are allocated as follows:
Debt Repayment: ₹130 crores to reduce outstanding borrowings.
Investment in Subsidiary: ₹30 crores for S2 Engineering Industry Private Limited.
Strategic Acquisitions: ₹20 crores earmarked for potential acquisitions.
Purchase of Machinery: ₹10 crores to upgrade manufacturing capabilities.
General Corporate Purposes: Remaining funds to support overall corporate activities.
FAQs
What is the Standard Glass Lining Technology Limited IPO?
The Standard Glass Lining Technology Limited IPO is the company's initial public offering to raise capital through a fresh issue and offer for sale. It opened for subscription in January 2025.
What is the lot size for the IPO?
The minimum lot size for retail investors is 107 shares.
On which stock exchanges will the shares be listed?
The shares will be listed on NSE and BSE.
What are the IPO open and close dates?
IPO Open Date: January 6, 2025 IPO Close Date: January 8, 2025
When is Standard Glass Lining IPO listing date?
The Standard Glass Lining IPO listing date is on Monday, January 13, 2025.
How to apply in Standard Glass Lining IPO through Angel One ?
Open the Angel One app or website and log in with your credentials. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
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