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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Capital expenditure for machinery and equipment
Funding capital expenditure for machinery and equipment.
Repayment of borrowings and investment in subsidiary
Repaying certain outstanding borrowings and investing in a subsidiary.
Investment in subsidiary for capital expenditure
Funding capital expenditure through investment in a wholly-owned subsidiary.
Inorganic growth through acquisitions
Funding inorganic growth through strategic investments or acquisitions.
General corporate purposes
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No lots distribution added yet.
(₹ in Crore)
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Standard Engineering Technology Limited (which listed under the name Standard Glass Lining Technology Limited) designs, engineers, manufactures, assembles, installs and commissions turnkey reaction, storage, separation and drying systems made from glass-lined material, nickel alloys and stainless steel for pharmaceutical and chemical manufacturers. Incorporated in 2012 and headquartered in Hyderabad, the company operates multiple manufacturing facilities in the region and is regarded as one of the top five specialized engineering equipment manufacturers for India's pharmaceutical and chemical sectors. It has supplied more than 11,000 products over the past decade to clients including Aurobindo Pharma, Laurus Labs and Cadila Pharmaceuticals. The company works with technology partners such as HHV Pumps and GL Hakko, and has grown its revenue and profit over the reported financial periods. Prior to the IPO it was majority owned by its promoter group, led by the Kandula family alongside S2 Engineering Services.
The company raised approximately Rs 123.95 crore from anchor investors ahead of the IPO, with shares allotted at the issue's upper price band of Rs 140 per share.
Source: RHP • Analysis provided for informational purposes
Last Updated: 13 July 2026, 5:30 AM
Leading glass-lined equipment manufacturer
One of the top five specialized engineering equipment manufacturers for India's pharmaceutical and chemical sectors, and a leading maker of glass-lined, stainless steel and nickel alloy equipment.
Broad turnkey capability
Provides end-to-end design, engineering, manufacturing, assembly, installation and commissioning of reaction, storage, separation and drying systems.
Established client relationships
Supplied more than 11,000 products over the past decade to marquee pharmaceutical and chemical manufacturers.
Advanced manufacturing infrastructure
Operates multiple Hyderabad facilities equipped with CNC plasma, laser cutting and welding systems.
Strategic technology partnerships
Works with partners such as HHV Pumps and GL Hakko to expand its product and technology base.
Sector concentration
Revenue is heavily dependent on the pharmaceutical and chemical industries.
Subsidiary loan guarantees
The company has guaranteed loans for a subsidiary; a default there could affect its own financial position.
Capacity utilization risk
Under-utilization of manufacturing capacity could affect margins.
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Customer payment risk
Operations are exposed to delays or defaults in customer payments.
Geographic concentration
Manufacturing is concentrated in Telangana, exposing the business to regional disruption risk.