Standard Glass Lining IPO was the first mainboard public issue to hit D Street in 2025. It has attracted a subscription of 35.54 times overall by the end of January 7, the second day of bidding. While the issue garnered subscription of 33.97 times in the retail category, that is the QIB category was 4.63 times, that in the NII category was 80.38 times by the end of day two. At the end of January 6 – the first day of bidding process – the IPO attracted a total subscription of 13.67 times.
Significantly, Standard Glass Lining IPO has managed to raise Rs 123.02 crore from anchor investors before the bidding process began. In other words, 30% of the total IPO size was picked by anchor investors. Out of the 29,289,367 shares on offer, anchor investors were allocated 8,786,809 shares at the upper end of the price band. The anchor investors feature names such as ICICI Prudential Mutual Fund, Kotak Mahindra Trustee, Tata Mutual Fund, Massachusetts Institute of Technology and Amansa Holdings.
Standard Glass Lining IPO GMP
The GMP (Grey Market Premium) of Standard Glass Lining IPO improved from Rs from Rs 93 on January 6 to Rs 96 on January 7. Considering the issue price to be Rs 140 per share, the GMP on day one indicated a listing gain of 66.43%, while that on day two signalled a listing gain of 68.57%. 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 is Rs 133-140. According to the prospectus, retail investors have to earmark an application money of Rs 14,980 for a minimum investible lot of 107 shares. January 9 has been scheduled as the date for Standard Glass Lining IPO share allotment. The date for listing is January 13. Unsuccessful bidders will get refund of 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.
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.)
Significant investor enthusiasm centering Standard Glass Lining IPO is evident from the fact that the GMP rose from Rs 93 on January 6 to Rs 96 on January 7. The issue opened for bidding on January 6 and is set to close today, January 8. Standard Glass Lining IPO has a price band of Rs 133-140. The date of allotment of shares is January Thursday, January 9. 2025. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
