Standard Glass Lining Technology Ltd

Standard Glass Lining Technology is launching a new product: Glass Lined Shell and Tube Heat Exchangers, effective from 14 May 2025.The product has been developed in collaboration with AGI Group, Japan, utilizing their advanced technology. It is designed to overcome the limitations of conventional graphite heat exchangers by providing enhanced durability, corrosion resistance, and operational safety for critical process applications.Powered by Capital Market - Live

AGI is a global leader in advanced glass-engineered systems, offering solutions for the pharmaceutical, biotech, and chemical sectors. Its sister company, GL HAKKO, focuses on high-quality glass-lined reactor and heat exchanger technologies. The collaboration would grant the company an exclusive 20-year license to assemble and market GL HAKKO's world-class glass-lined shell and tube heat exchangers in India. India's pharmaceutical and chemical industries have long relied on graphite heat exchangers. In contrast, glass-lined shell and tube heat exchangers deliver superior durability, corrosion resistance, and process safety, representing a game-changing upgrade for critical process applications. The latent Indian market alone is estimated to be about Rs 2,000 crore at current estimated sales price of this product, while the global opportunity estimates exceed $2 billion. Standard Glass has already secured 150 advance orders ahead of domestic production. Nageswara Rao Kandula, managing director of SGLTL, said: 'We are deeply honoured to partner with AGI and GL HAKKO, a group with a legacy spanning over 75 years in glass technology. Until now, this highly specialized equipment was entirely imported. We are now proud to become the first and only manufacturer of this advanced product in India. Manufacturing of this product in India is estimated to commence by Q4 FY26 at our upcoming world-class, highly mechanised facility, with an initial estimated capacity of about 200 units per month. In a parallel initiative, SGLTL has also signed an exclusive agreement with GL HAKKO to produce conductivity glass-lined reactors'a first for India. Standard Glass Lining Technology is an integrated manufacturer of high-end pharmaceutical and chemical process equipment. With an innovation-driven approach, the company offers everything from standalone equipment to turnkey projects. Powered by Capital Market - Live

Standard Glass Lining Technology will hold a meeting of the Board of Directors of the Company on 23 May 2025.Powered by Capital Market - Live

Net profit of Standard Glass Lining Technology rose 25.02% to Rs 14.99 crore in the quarter ended December 2024 as against Rs 11.99 crore during the previous quarter ended December 2023. Sales rose 1.81% to Rs 140.14 crore in the quarter ended December 2024 as against Rs 137.65 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales140.14137.65 2 OPM %18.5416.53 - PBDT24.1819.80 22 PBT21.5717.02 27 NP14.9911.99 25 Powered by Capital Market - Live

Standard Glass Lining Technology will hold a meeting of the Board of Directors of the Company on 12 February 2025.Powered by Capital Market - Live

Quadrant Future Tek Ltd, Raj Oil Mills Ltd, Mamata Machinery Ltd and Cubex Tubings Ltd are among the other gainers in the BSE's 'B' group today, 15 January 2025.Standard Glass Lining Technology Ltd soared 17.84% to Rs 195.85 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 24.22 lakh shares were traded on the counter so far as against the average daily volumes of 24.84 lakh shares in the past one month. Quadrant Future Tek Ltd spiked 15.50% to Rs 518.3. The stock was the second biggest gainer in 'B' group. On the BSE, 9.82 lakh shares were traded on the counter so far as against the average daily volumes of 15.38 lakh shares in the past one month. Raj Oil Mills Ltd surged 11.78% to Rs 59. The stock was the third biggest gainer in 'B' group. On the BSE, 5 shares were traded on the counter so far as against the average daily volumes of 3010 shares in the past one month. Mamata Machinery Ltd gained 11.74% to Rs 474. The stock was the fourth biggest gainer in 'B' group. On the BSE, 1.32 lakh shares were traded on the counter so far as against the average daily volumes of 1.18 lakh shares in the past one month. Cubex Tubings Ltd spurt 11.67% to Rs 119.55. The stock was the fifth biggest gainer in 'B' group. On the BSE, 50486 shares were traded on the counter so far as against the average daily volumes of 10830 shares in the past one month. Powered by Capital Market - Live

The scrip was listed at Rs 176, exhibiting a premium of 25.71% to the issue price. So far, the stock has hit a high of 181.05 and a low of 163.85. On the BSE, over 22.26 lakh shares of the company were traded in the counter so far. The initial public offer (IPO) of Standard Glass Lining Technology was subscribed 183.18 times. The issue opened for bidding on 6 January 2025, and it closed on 8 January 2025. The price band of the IPO was fixed between Rs 133 and 140 per share. The initial public offer comprised a fresh issue of equity shares of Rs 210 crore and an offer for sale (OFS) of up to 1,42,89,367 equity shares of Rs 10 face value each. Of the OFS, sales from promoters and promoter groups are 1,32,25,367 equity shares, and the balance of 1064000 equity shares is from other selling shareholders. Of the net proceeds from the fresh equity issue, Rs 10 crore will be used for capital expenditure, Rs 130 crore for repaying loans of the company and its subsidiary, S2 Engineering Industry, Rs 30 crore for capex investment in S2 Engineering Industry, Rs 20 crore for strategic investments or acquisitions, and the balance for general corporate purposes. Total consolidated outstanding borrowings as of the end of September 2024 stood at Rs 198.335 crore. Ahead of the IPO, Standard Glass Lining Technology on Friday, 3 January 2025, raised Rs 123.01 crore from anchor investors. The board allotted 87.86 lakh shares at Rs 140 each to 10 anchor investors. Standard Glass Lining Technology is one of the top five specialised engineering equipment manufacturers for pharmaceutical and chemical sectors in India with in-house capabilities across the entire value chain. The company's portfolio comprises core equipment used in the manufacturing of pharmaceutical and chemical products, which can be categorized into: reaction systems; storage, separation, and drying systems (SSD systems); and plant engineering and services (including other ancillary parts). The firm reported a consolidated net profit of Rs 34.26 crore and sales of Rs 307.20 crore for the six months ended on 30 September 2024.Powered by Capital Market - Live