Standard Glass Lining Technology Ltd - IPO

Standard Glass Lining Technology Ltd IPO Details

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.

Objective of issue

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.

Standard Glass Lining Technology Ltd Contact Details

Standard Glass Lining Technology Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - corporate@standardglr.com

Website - www.standardglr.com