Following a strong subscription, the share allotment of Standard Glass Lining IPO is expected to be finalised today. The Rs 410.05 crore mainboard issue was booked over 183.18 times as investors placed bids for 3,81,56,56,808 shares compared to 2,08,29,567 shares on the offer.
The IPO witnessed highest demand from the qualified institutional buyers (QIBs), who subscribed 331.60 times the quota reserved for them. This was followed by Non-institutional investors (NIIs), who bid for 268.50 times their booked portion and retail investors subscribed 64.99 times.
The company aims to utilize the proceeds from fresh issue for funding of capital expenditure requirements of the company towards the purchase of machinery and equipment, repayment of debt, investment in its wholly owned material subsidiary S2 Engineering Industry, funding inorganic growth through strategic investments and general corporate purposes.
Standard Glass Lining IPO GMP
According to Investorgain.com, the Grey Market Premium (GMP) for the Standard Glass Lining IPO stands at Rs 91 as of January 9th, 2025, 7:31 AM. With the IPO's price band set at Rs 140, the estimated listing price is expected to be Rs 231. This indicates a potential gain of 65 per cent apiece.
The public issue closed for subscription on Wednesday, January 8, 2025. Shares of Standard Glass Lining are scheduled to be listed on the BSE and NSE on Monday, January 13, 2025.
How to check Standard Glass Lining IPO allotment status on the BSE website:
Visit the BSE IPO allotment page
Select ‘Equity’ as the issue type
From the dropdown menu, select ‘Standard Glass Lining Technologies’
Enter your application number or PAN
Click ‘Search’ and your application status will appear on your screen
How to check Standard Glass Lining IPO allotment status on Kfin Technologies website:
Log in to the official website of Kfin Technologies
Select any one of the five server links displayed on the screen
Choose Standard Glass Lining Technologies from the list of companies
Enter your application number, demat account number, or PAN
Clear Captcha to proceed
Click ‘Submit’ and your application status will appear on your screen
About the company
Incorporated in September 2012, Standard Glass Lining Technology Limited is a manufacturer of engineering equipment for the pharmaceutical and chemical sectors in India. The company has the capability to manage the entire production process in-house. It provides turnkey solutions, including design, engineering, manufacturing, assembly, installation and the creation of standard operation procedures for pharmaceutical and chemical manufacturers.
The company's product portfolio includes reaction systems, storage, separation and drying systems, as well as plant engineering and services. The company manufactures specialized engineering equipment using glass-lined materials, stainless steel, and nickel alloys. It has eight manufacturing units located in Hyderabad, Telangana.
