PE Fund Investments
Standard Glass Lining gets Rs.40-Cr from Amansa via pre-IPO private placement
Hyderabad-based Standard Glass Lining Technology , manufacturer of specialized engineering equipment for the pharmaceutical and chemical industries, has raised INR 40 crore in pre-IPO funding via a private placement from Amansa Investments.The company issued 28,57,142 equity shares to Amansa Investments at a price of INR 140 per share of face value INR 10, representing 1.55% stake of the company’s pre-offer share capital.Founded in 2012, Standard Glass Lining Technology offers solutions that include design, engineering, manufacturing, assembly, installation, commissioning, and the establishment of standard operating procedures for pharmaceutical and chemical manufacturers on a turnkey basis.The public issue will consist of a mix of a fresh issue of shares for INR 250 crore and an offer for sale of 18,444,000 equity shares by promoters and other selling shareholders.IIFL Securities and Motilal Oswal Investment Advisors are the book-running lead managers for the issue.
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