Standard Glass Lining IPO will be the first mainboard IPO to hit D Street in 2025. It seeks to raise Rs 410.05 crore from investors. While Rs 210 crore will be procured through sale of fresh shares, the rest will come from an OFS. According to reports, the management of Standard Glass Lining Technology will be selling 1.43 crore equity shares in place of 1.84 crore as planned earlier. The process of bidding will close on January 8. The company is based in Telangana.
The Standard Glass Lining IPO price band has been set at Rs 133-140 per equity share. Bid for anchor investors will open on January 3. Retail investors have to bid for a minimum lot size of 107 shares that will entail an application money of Rs 14,980. For sNII investors, the minimum lot size is 14 lots, or 1,498 shares, which will need an am9unt of Rs 2,09,720. For bNII, the minimum investment is for 67 lots, or 7,169 shares, which demand an application amount of Rs 10,03,660.
Standard Glass Lining IPO GMP
On January 2 – a good 4 days before the application process will begin – Standard Glass Lining IPO GMP stood at Rs 83. Considering the upper end of the price band Rs 140, the Standard Glass Lining IPO’s GMP stood at 59.29%. The estimated listing price is Rs 223. However, it must be remembered that GMP (Grey Market Premium) is an unofficial indicator that often changes with time and does not guarantee listing gain (or loss).
Standard Glass Lining IPO allotment, refund dates
Standard Glass Lining IPO bidding begins and closes on January 6 and January 8 respectively. Standard Glass Lining share allotment will take place on January 9, while listing is expected on January 13. Refund of application money to unsuccessful bidders will take place on January 10. Shares will be credited to the demat shares of successful bidders will happen on the same day. IIFL Capital Services Ltd and Motilal Oswal Investment Advisors are the lead managers. KFin Technologies is the registrar for the issue.
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Standard Glass Lining IPO will open on January 6, 2025 for bidding and will close on January 8. It has a price band of Rs 133-140 and seeks to raise Rs 410.05 crore from the markets. On January 2, it has notched up a GMP that signals considerable listing gain of 59.29%. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
