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15 Days Price Change

Standard Engineering IPO

Closing In

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Profile
Issue Size --
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Price Range 133  to  140 per share
Profile
Min Investment ₹140
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Standard Glass Lining Technology Limited, established in September 2012, is an Indian manufacturer specializing in engineering equipment for the pharmaceutical and chemical industries. The company handles the entire production process in-house, offering comprehensive turnkey solutions that include design, engineering, manufacturing, assembly, installation, and the creation of standard operating procedures. Their product portfolio encompasses Reaction Systems, Storage, Separation and Drying Systems, as well as Plant Engineering and Services. Standard Glass Lining Technology produces specialized equipment using materials like glass-lined components, stainless steel, and nickel alloys. Their clientele includes well-known pharmaceutical and chemical companies such as Aurobindo Pharma, Cadila Pharmaceuticals, Granules India, and Hetero Drugs. The company's competitive edge lies in its specialized equipment, customized product offerings, strategically located facilities with advanced technology, long-term client relationships, and a consistent record of profitable growth. Read More

Basic Info

Face Value 10 per share

Price 133  to  140 per share

P/E (x) 40

Sales( Cr.) 614

PAT( Cr.) 69

EPS 3.5

Draft Prospectus --

Exchange BSE-NSE

Promoter

Company Promoters

Nageswara Rao Kandula Kandula Krishna Veni Kandula Ramakrishna Venkata Mohana Rao Katragadda

Pre Issue Share Holding 100%

Post Issue Share Holding 60.24%

Listing Details:

Listing Price: 176

Listing Gain: 20.45%

Current Price: 133.4

Gain On Issue: 133.4 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jan 06, 2025
Closing Date Jan 08, 2025
Allotment Jan 09, 2025
Refund Jan 10, 2025
Delivery of Shares Jan 10, 2025
Listing Date Jan 13, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 107 14,980
Retail (Max) 13 1391 194,740
S-HNI (Min) 14 1498 209,720
S-HNI (Max) 66 7062 988,680
B-HNI (Min) 67 7169 1,003,660

Objective of the Issue

1. Funding of capital expenditure requirements of the Company towards the purchase of machinery and equipment. 2.Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company and investment in the wholly owned Material Subsidiary, S2 Engineering Industry Private Limited, for repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by S2 Engineering Industry Private Limited, from banks and financial institutions. 3. Investment in the wholly owned Material Subsidiary, S2 Engineering Industry Private Limited, for funding its capital expenditure requirements towards purchase of machinery and equipment. 4. Funding inorganic growth through strategic investments and/or acquisitions. 5. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 14644684 4799941628 327.8x
NII 4393405 1209108990 275.2x
Retail 10251278 673611477 65.7x
EMP 0 0 0x
Total 29289367 5432591791 185.5x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Standard Engineering Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 240 498 544 614
Other Income 1 2 6 12
Total Income 242 500 550 626
Total Expenditure 200 412 449 506
Operating Profit 42 88 101 120
Interest 4 9 12 15
Depreciation 4 8 9 11
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 34 72 80 94
Provision for Tax 9 18 20 25
Profit After Tax 25 53 60 69
Adjustments 0 0 -2 -4
Profit After Adjustments 25 53 58 64
Adjusted Earnings Per Share 1.6 3.4 3.2 3.2

Standard Engineering Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 69 156 407 707
Minority's Interest 0 0 2 6
Borrowings 7 3 1 2
Other Non-Current Liabilities 20 21 14 25
Total Current Liabilities 209 183 242 219
Total Liabilities 305 362 665 958
Fixed Assets 52 75 96 136
Other Non-Current Assets 9 10 10 24
Total Current Assets 245 278 559 798
Total Assets 305 362 665 958

Standard Engineering Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 5 15
Cash Flow from Operating Activities -7 2 -65 5
Cash Flow from Investing Activities -30 -29 -157 -160
Cash Flow from Financing Activities 37 33 232 141
Net Cash Inflow / Outflow 0 5 10 -14
Closing Cash & Cash Equivalent 0 5 15 2

Standard Engineering Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.64 3.38 3.21 3.23
CEPS(Rs) 1.92 3.87 3.82 4
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 4.51 9.87 22.43 35.43
Core EBITDA Margin(%) 16.76 17.2 17.46 17.5
EBIT Margin(%) 15.55 16.15 16.85 17.71
Pre Tax Margin(%) 13.99 14.41 14.68 15.24
PAT Margin (%) 10.41 10.71 11.04 11.19
Cash Profit Margin (%) 12.17 12.26 12.75 12.99
ROA(%) 8.24 16 11.68 8.46
ROE(%) 36.46 47.56 21.32 12.32
ROCE(%) 31.79 48.25 24.86 17.15
Receivable days 124.2 63.48 82.6 109.68
Inventory Days 190.35 98.58 123.6 149.92
Payable days 198.04 87.86 94.03 104.36
PER(x) 0 0 0 45.58
Price/Book(x) 0 0 0 4.15
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.27 0.14 0.15 4.64
EV/Core EBITDA(x) 1.54 0.8 0.79 23.8
Net Sales Growth(%) 0 107.17 9.26 12.87
EBIT Growth(%) 0 114.55 13.71 18.64
PAT Growth(%) 0 112.46 12.33 14.39
EPS Growth(%) 0 105.94 -5.03 0.35
Debt/Equity(x) 0.71 0.39 0.28 0.06
Current Ratio(x) 1.17 1.52 2.31 3.65
Quick Ratio(x) 0.57 0.74 1.38 2.37
Interest Cover(x) 9.95 9.26 7.77 7.19
Total Debt/Mcap(x) 0 0 0 0.01

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 13% 37% 0% 0%
Operating Profit CAGR 19% 42% 0% 0%
PAT CAGR 15% 40% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -30% NA% NA% NA%
ROE Average 12% 27% 29% 29%
ROCE Average 17% 30% 31% 31%

Company Contact Information

Standard Engineering Technology Ltd.

D.12, Phase-1 Ida Jeedimetla

IPO Lead Manager(s)

Standard Engineering Technology Ltd.

IIFL Securities Ltd.

Motilal Oswal Investment Advisors Pvt Ltd

Registrar Info

Standard Engineering Technology Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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