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anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

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IPO Synopsis
Standard Glass Lining Technology Ltd
Registered Office: D.12 Phase-1 IDA Jeedimetla, , Hyderabad - 500055, Telangana
Phone: 1
Email: 1
Website: 1
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-2025 08-Jan-2025 140.00 - 0.00 0.00 - 0.00
Cr. Lead Managers to the Issue
Project Cost 193.43
Project Financed through Current Offer 410.05
Post Issue Equity Share Capital 199.49
Issue Price 140.00
Projects
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
Promoted By
Nageswara Rao Kandula
Kandula Krishna Veni
Kandula Ramakrishna
BSE
NSE
Registrar to the Issue
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