The highly foretell Standard Glass Lining IPO parcelling has been finalized, marking a meaning milepost for investors eagerly awaiting the upshot. The allotment cognitive operation, which was completed on January 9, 2025, has jell the stage for the itemization of the company’s shares on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on January 13, 2025.
IPO Overview
The Standard Glass Lining IPO, which opened for subscription from January 6 to January 8, 2025, received an overwhelming answer from investor. The publication was oversubscribed 185. 48 times, with the retail category experience a 65. 71 clock time subscription, the non-institutional investor (NII) portion sustain 275. 21 fourth dimension subscription, and the qualified institutional vendee (QIB) class being take by 327. 76 times(3)(5).
Key Details
- Issue Size: ₹410. 05 crore
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- Price Band*: ₹133 to ₹140 per share
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- Listing Date*: January 13, 2025
- Registrar: KFin Technologies
- Book-Running Lead Managers: IIFL Capital Services Ltd and Motilal Oswal Investment Advisors Ltd
Checking Allotment Status
Investors can check their allotment condition through multiple platforms:
- BSE Website:
- Visit the BSE allotment status page.
- Select “Equity” under “Issue Type. ”
- Choose “Standard Glass Lining Ltd” from the “Issue Name” dropdown.
- Get Into your “Applications Programme Numeral” or “PAN. ”
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Affirm the captcha and click “Search” to view your status(1)(5).
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KFin Technologies Website (Registrar):
- Navigate to the KFinTech IPO status page.
- Select “Standard Glass Lining Ltd” from the dropdown menu.
- Search using “Application Number, ” “Demat Account, ” or “PAN. ”
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Enter the required details and captcha code, so fall into place “Submit”(1)(5).
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NSE Portal:
- Log in to the NSE portal expend your business relationship credentials.
- Navigate to the IPO section to arrest your allotment status(1).
Grey Market Premium (GMP)
The GMP for the Standard Glass Lining IPO currently stands at ₹85 or 60. 71% in high spirits than the IPO issue terms of ₹140, betoken a strong itemisation gain for investors(3)(5).
Keep Utilization
The proceeds from the INITIAL OFFERING will be use for various purposes:
– Debt Repayment: ₹130 crore
– * Investment Funds in Wholly-Owned Subsidiary: ₹30 crore
– Inorganic Growth: ₹20 crore
– Purchase of Machinery and Equipment: ₹10 crore
– * General Corporate Purposes**: A luck of the proceeds(5).
Industry Insights
Standard Glass Lining Technology bid comprehensive solutions for pharmaceutical and chemical manufacturers on a turnkey basis. The company induce a strong client base, include Aurobindo Pharma, Cadila Pharmaceutical, Granules India Ltd, Macleods Pharmaceuticals, Piramal Pharma, and Suven Pharmaceuticals(5).
Conclusion
The finalisation of the Standard Glass Lining IPO assignation check a crucial step towards the company’s itemisation on the line of descent exchanges. With a stiff GMP and significant oversubscription, investors are optimistic about the likely gains. As the company gears up for its debut on January 13, 2025, all eyes are on the number public presentation. Investors are notify to assure their allotment condition and prepare for the next phase angle of this exciting journey.
Call to Action
Stay tune up for more than update on the list performance of Standard Glass Lining Technology. For now, investor can break their allotment status and prepare for the itemization on January 13, 2025.
References
- The Africa Logistics – Standard Glass Lining IPO Allotment Finalise: Key Details and Steps to Break Your Status
- News18 – Standard Glass Lining IPO Allotment Settle: A Dance Step-By-Step Guide To Check Allotment Status Online, Check GMP Today
- News18 – Standard Glass Lining INITIAL PUBLIC OFFERING Listing On January 13: Check Off GMP, A Step-By-Stone’S Throw Guide To Cognise Allotment Status Online
Disclaimer
The entropy provided in this article is based on publicly uncommitted data and should not be look at as investment advice. Perpetually confab with a financial consultant before making any investment decision.
