About Company

The Company was incorporated as “Standard Glass Lining Technology Pvt. Ltd”
at Hyderabad on September 6, 2012. Subsequently, upon the conversion to a
public limited company, the name was changed to “Standard Glass Lining
Technology Ltd” on June 17, 2022.
? The company is one of the top 5 specialized engineering equipment
manufacturer for pharmaceutical and chemical sectors in India, in terms of
revenue in FY2024, with in house capabilities across the entire value chain.
? The company’s capabilities include design, engineering, manufacturing,
assembly, installation and commissioning solutions as well as establishing
standard operating procedures for pharmaceutical and chemical
manufacturers on a turnkey basis.
? The company’s portfolio comprises core equipments which can be categorized
as Reaction Systems; Storage, Separation & Drying Systems; and Plant,
Engineering & Services (including other ancillary parts).
? The company is also one of India’s top 3 manufacturers of glass-lined, stainless
steel, and nickel alloy based specialized engineering equipment, in terms of
revenue in FY2024.
? The company is one of the top 3 suppliers of PTFE lined pipelines and fittings
in India and has a 23.30% market share in India.
? The company offers 65+ unique designs across the range of products. Over the
last decade the company have supplied over 11,000 products.
? The company has 8 manufacturing facilities spread across ~ 400,000 sq. ft. All
the manufacturing sites are in Telangana, India, close to clients' pharmaceutical
manufacturing facilities in Hyderabad, Telangana.
? The company has long-standing relationships with some of the marquee
clientele in the pharmaceutical and chemical industries. As of September 30,
2024, the company had a customer base of 347 companies. Moreover, the
company has a relationship of more than 3 years with 13 of its top 20
customers.
? The company’s Revenue from Operations on a consolidated basis grew 50.45%
between FY 2022 to FY 2024. The company has been the fastest-growing
company in the industry as compared to peers during the past 3 years.
? The company’s growth has been aided by its inorganic acquisitions of business
of M/s Stanpumps Engineering Industries, M/s S2 Engineering Services, M/s
Higenic Flora Polymers, M/s Yashasve Glass Lining Industries and C.P.K Engineers
Pvt. Ltd.

Strengths

1. One of the top five specialized engineering equipment manufacturers for pharmaceutical and chemical sectors in India with products across entire value chain.
2. Customized and innovative product offering across the entire pharmaceutical and chemical manufacturing value chain
3. Strategically located manufacturing facilities with advanced technological capabilities
4. Long term relationships with marquee clientele across sectors
5. Consistent track record of profitable growth
6. Experienced promoters and management team

Company Promoters

Company Financials

Standard Glass Lining Technology Limited's revenue increased by 10% and profit after tax (PAT) rose by 12% between the financial year ending with March 31, 2024 and March 31, 2023.

Objects of the Issue

The Company proposes to utilize the Net Proceeds towards funding the following objects:

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 and
5. General corporate purposes