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Standard Glass Lining Technology Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Standard Glass Lining Technology Ltd IPO

Registered Office: D.12 Phase-1 IDA Jeedimetla, , Hyderabad - 500055 , Telangana , India.
Phone : +040 3518 2204   Fax:
Email :  corporate@standardglr.com  
Website :  www.standardglr.com
Initial public offering of 29,289,367 equity shares of face value of (Rs)10 each (the "Equity Shares") of Standard Glass Lining Technology Limited ("Company" or "Issuer") for cash at a price of (Rs)140 per equity share (the "Offer Price") aggregating to (Rs)410.05 crores (the "Offer") comprising a fresh issue of 15,000,000 equity shares of face value (Rs)10 each aggregating to (Rs)210.00 crores (the "Fresh Issue") and an offer for sale of 14,289,367 equity shares of face value (Rs)10 each aggregating (Rs)200.05 crores (the "Offer for Sale"), comprising an offer for sale of 11,316,367 equity shares of face value (Rs)10 each aggregating to (Rs)158.43 crores by the promoter selling shareholders (as defined hereinafter), 1,909,000 equity shares of face value (Rs)10 each aggregating to (Rs)26.73 crores by the promoter group selling shareholders and 1,064,000 equity shares of face value (Rs)10 each aggregating to (Rs)14.90 crores by the other selling shareholders (as defined hereinafter) (together, the "Selling Shareholders", and such equity shares, the "Offered Shares"). The face value of the equity shares is (Rs)10 each and the offer price is 14 times the face value of the equity shares of face value (Rs)10 each.

Issue Money Payable On
Opens On Closes On Application Allotment
06-Jan-25 08-Jan-25 (Rs)140.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :107  Further Multiples of :107

  (Rs Cr) Lead Managers to the Issue
Project Cost 193.43
IIFL Securities Ltd
Project Financed through Current Offer 410.05  
Post Issue Equity Share Capital 199.49  
Issue Price (Rs)140.00  
 
Projects
Funding of capital expenditure requirements of the company towards of machinery and equipmentFunding inorganic growth through strategic investment and/or acquisitions
Repayment or prepayment in full or in part of all or portion of certain outstanding borrowings availed by the company and investment in its wholly ownded material subsidiary S2 Eng.ind. P Ltd for repayment or prepayment in full or in part of allGeneral corporate purposes
Investment in its wholly ownded material subsidiary S2 Engineering Industry Pvt Ltd for funding its capital exp requirements towards purchase of machinery and equipment
Promoted By
Nageswara Rao Kandula  
Kandula Krishna Veni  
Kandula Ramakrishna  
Listing At
BSE 
NSE 
Registrar to the Issue
KFin Techologies Ltd