1.Company Information
Standard Glass Lining Technology Limited (SGL) is one of the top five manufacturers of specialized engineering equipment for the pharmaceutical and chemical sectors in India. They offer a wide array of products including glass-lined reactors, receivers, storage tanks, agitated nutsche filters and dryers, heating and cooling circulators, turnkey systems, flow reactors, and systems.
SGL distinguishes itself by possessing in-house capabilities that span the entire value chain. The company caters to a diverse range of industries, including specialty and fine chemicals, pharmaceuticals, oil and gas, dyes and intermediates, agrochemicals, and petroleum, providing solutions for applications such as hydrogenation, polymerisation, alkoxylation, and corrosion.
2. Strenghts
● Market Leader: SGL is recognised as one of the top five specialised engineering equipment manufacturers in India for the pharmaceutical and chemical sectors. Their strong market position, coupled with consistent financial performance, makes them a dominant player in the industry.
● Comprehensive Product Portfolio and Expertise: The company offers a wide range of products, including glass-lined reactors, receivers, storage tanks, and turnkey systems, covering a substantial portion of the market's needs. They are also a leading supplier of GMP-compliant accessories, demonstrating their commitment to quality and industry standards.
● Full Value Chain Capabilities: SGL's strength lies in their in-house capabilities that extend across the entire value chain, from design and manufacturing to installation and after-sales service. This integrated approach allows for greater control over quality, cost, and delivery timelines.
●Strong Customer Relationships: A significant portion of SGL's revenue stems from repeat orders, reflecting enduring customer relationships and satisfaction with their products and services. This loyal customer base provides a stable revenue stream and underscores the company's reliability.
● Experienced Leadership and Management: SGL is steered by an experienced and qualified management team supported by a knowledgeable Board with deep expertise in the pharmaceutical, chemical, and engineering sectors. This experienced leadership is crucial for guiding the company's growth and strategic direction.
3. 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.
5) General corporate purposes.
4.Standard Glass Lining Technology Limited IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: sgltl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/