Kolkata: The first mainboard IPO of 2025 will hit Dalal Street today, January 6, 2025. Standard Glass Lining IPO has been designed to mop up Rs 410.05 crore from the market. Of this amount Rs 210 crore will be raised through the sale of fresh shares and the rest will be procured through an OFS (Offer for Sale). The process of application for shares will end on January 8.
Before the bidding process opens, the management of Standard Glass Lining IPO has successfully raised Rs 123.02 crore anchor investors. The names include ICICI Prudential Mutual Fund, Kotak Mahindra Trustee, Tata Mutual Fund, Massachusetts Institute of Technology and Amansa Holdings.
Standard Glass Lining IPO GMP
Standard Glass Lining IPO GMP has been on an uptrend since the first day of 2025. According to investorgain, the GMP (Grey Market Practices) of this issue stood at Rs 83 on January 1, Rs 86 on January 2, Rs 88 on January 3, Rs 97 on January 4 and stood at the same level on January 5. Considering the price of a share at Rs 140, the GMP indicated a listing gain of 69.29%. However, it must be kept in mind that GMP is an unofficial gauge that often changes with time and does not guarantee anything – listing gain or loss.
Standard Glass Lining IPO price band, lot, allotment
The Standard Glass Lining IPO price band has been set at Rs 133-140 per equity share. Retail investors have to place applications for a minimum lot of 107 shares that will cost Rs 14,980. Standard Glass Lining IPO share allotment is scheduled on January 9. The listing is tentatively fixed on January 13. Unsuccessful bidders can expect refund of their application money on January 10 and on the same day shares will be credited to the demat shares of successful bidders. IIFL Capital Services Ltd and Motilal Oswal Investment Advisors are the lead managers. KFin Technologies is the registrar for the issue.
Standard Glass Lining provides turnkey solutions to pharmaceutical and chemical companies in the domains of design, engineering, production, and installation. Its client list features names such as Aurobindo Pharma, Cadila Pharmaceutical, Granules India and Piramal Pharma.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Standard Glass Lining IPO GMP stood at Rs 97 on January 5, which signalled a listing gain of 69.29%. Bidding for the issue will begin on January 6 and end on January 8. Standard Glass Lining IPO has a price band of Rs 133-140 and it wants to raise Rs 410.05 crore from the market. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
