Standard Glass Lining IPO is a book-built issue totaling ₹410.05 crores. This includes a fresh issue of 1.50 crore shares amounting to ₹210.00 crores and an offer for sale of 1.43 crore shares aggregating to ₹200.05 crores.
The subscription period for the Standard Glass Lining IPO begins on January 6, 2025, and ends on January 8, 2025. The allotment of shares is expected to be finalized on Thursday, January 9, 2025. The IPO will be listed on NSE and BSE, with a tentative listing date set for Monday, January 13, 2025.
Standard Glass Lining Technology Limited operates in the engineering sector, specifically focusing on manufacturing specialized glass-lined equipment. Their products include glass-lined reactors, storage tanks, heat exchangers, and other corrosion-resistant equipment. These are essential for industries requiring high purity and chemical resistance, particularly in the pharmaceutical and chemical sectors.
The IPO price band is set between ₹133 and ₹140 per share, with a minimum application lot size of 107 shares. Retail investors must make a minimum investment of ₹14,980. Small non-institutional investors (sNII) are required to invest in at least 14 lots (1,498 shares) amounting to ₹2,09,720, while large non-institutional investors (bNII) need to apply for at least 67 lots (7,169 shares), totaling ₹10,03,660.
IIFL Securities Ltd and Motilal Oswal Investment Advisors Limited are the book-running lead managers for the Standard Glass Lining IPO, with KFin Technologies Limited serving as the registrar for the issue.
Standard Glass Lining IPO Details:
| Company Name | Standard Glass Lining Limited |
| Sector | Engineering |
| IPO Type | Mainboard |
| IPO Open date | 06th Jan 2025 |
| IPO Close date | |
| Listing Exchanges | NSE, BSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Standard Glass Lining IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 107 | 14,980 |
| sHNI (Min) | 14 | 1498 | 2,09,720 |
| bHNI (Min) | 67 | 7169 | 10,03,660 |
Standard Glass Lining IPO Timeline:
| IPO Open Date | 06th Jan 2025 |
| IPO Close Date | 08th Jan 2025 |
| Basis of Allotment | 09th Jan 2025 |
| Refund Initiation Date | 10th Jan 2025 |
| Shares Credit to Demat | 10th Jan 2025 |
| Listing Date | 13th Jan 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Standard Glass Lining’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Engineering Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Standard Glass Lining and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
