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Standard Glass Lining Technology Ltd
Standard Glass Lining Technology Ltd
Registered Office : D.12 Phase-1 IDA Jeedimetla,,Hyderabad Telangana 500055 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.
Opens On
Closes On
06-Jan-2025
08-Jan-2025
Application
Allotment
140.00
0.00
Minimum Application for shares in Nos : 107.0 Further Multiples of : 107.0
₹Cr
Lead Managers to the Issue
Project Cost (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
193.43
410.05
199.49
140.00
IIFL Securities Ltd
Motilal Oswal Investment Advisors Ltd
- Funding of capital expenditure requirements of the company towards of machinery and equipment
- 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 all
- Investment in its wholly ownded material subsidiary S2 Engineering Industry Pvt Ltd for funding its capital exp requirements towards purchase of machinery and equipment
- Funding inorganic growth through strategic investment and/or acquisitions
- General corporate purposes
- Nageswara Rao Kandula
- Kandula Krishna Veni
- Kandula Ramakrishna
- BSE
- NSE
- KFin Techologies Ltd