IPO Date: Jan 6 to Jan 8 2025
Listing Date: Jan 13 2025
1. Funding of capital expenditure requirements of our Company towards purchase of machinery andequipment;
2. Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company and investment in our 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 our 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.
...
ue in Fiscal 2024 (Source: F&S Report), with in house capabilities across theentire value chain. Our capabilities include designing, engineering, manufacturing, assembly, installation andcommissioning solutions as well as establishing standard operating procedures for pharmaceutical and chemicalmanufacturers on a turnkey basis. Our portfolio comprises core equipments used in the manufacturing ofpharmaceutical and chemical products, which can be categorized into: (i) Reaction Systems; (ii) Storage,Separation and Drying Systems; and (iii) Plant, Engineering and Services (including other ancillary parts). Weare also one of India’s top three manufacturers of glass-lined, stainless steel, and nickel alloy based specialisedengineering equipment, in terms of revenue in Fiscal 2024 (Source: F&S Report). We are also one of the top threesuppliers of polytetrafluoroethylene (“PTFE”) lined pipelines and fittings in India, in terms of revenue in Fiscal2024 (Source: F&S Report). We have been the fastest-growing company in the industry in which we operateduring the past three completed Fiscals in terms of revenue (Source: F&S Report). Read MoreK FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
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The issue size of Standard Engineering Technology Ltd. IPO is ₹277.03 - 291.61 crore.
The Standard Engineering Technology Ltd. IPO opens for subscription on 2025-01-06 and closes on 2025-01-08.
The price range of Standard Engineering Technology Ltd. IPO is ₹133.00 to ₹140.00.
The lot size of Standard Engineering Technology Ltd. IPO is 107 shares.
The registrar of Standard Engineering Technology Ltd. IPO is K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.).
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