There is another opportunity from today to earn money through IPO. The initial public offering (IPO) of pharma engineering equipment manufacturer Standard Glass Lining Technology Limited has opened for bidding on Monday. You will be able to bid in this IPO from 6 December to 8 January 2025 till 5:00 pm. The company has fixed the price band of Standard Glass Lining IPO at ₹133 to ₹140 per equity share. This IPO received excellent support from anchor investors. The company raised ₹123.02 crore from anchor investors before the opening.
98 GMP is running
According to the news, the company aims to raise ₹410.05 crore from this public issue, which is a mix of new shares and offer for sale (OFS). The remaining ₹200.05 crore is reserved for the OFS route. There are strong and positive sentiments in the gray market regarding Standard Glass Lining IPO. According to stock market observers, the company’s shares are available at a premium of Rs 98 in the gray market on Monday. As of 10:42 am on the first day, the book build issue was subscribed 2.03 times, the retail portion was booked 2.73 times, while the NII portion was subscribed 3.01 times.
IPO lot size
Bidders for the Standard Glass Lining IPO can apply in multiple lots. One lot contains 107 company shares. The share allotment is likely to be finalized on Thursday, January 9, 2025. Kfin Technologies has been appointed as the official registrar of the book build issue. IIFL Securities and Motilal Oswal Investment Advisors have been appointed lead managers to the public issue. There is a possibility that the company’s shares may be listed on January 13, 2025.
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