Standard Glass Lining Technology IPO: The listing of Standard Glass Lining Technology shares is scheduled to take place on January 13. This IPO received a strong response from investors and was subscribed a total of 183 times. After excellent subscription, experts have now expressed hope of a strong listing. Experts believe that its investors can get a listing gain of 60 percent on listing. The price band of Rs 133-140 per share was fixed for this IPO. Its issue size is Rs 410.05 crore.
Latest GMP of Standard Glass IPO
This issue is trading at a premium of Rs 48 in the gray market today. Accordingly, the company’s shares are likely to be listed at a price of Rs 188. If this happens then investors will get a profit of 34.29 percent. However, keep in mind that the situation on the gray market is constantly changing.
What should be the strategy after listing in Standard Glass IPO?
Prathamesh Masdekar, research analyst at Stoxbox, said the company is set for a strong market debut on January 13, with it expected to list at a 64 per cent premium to the upper price band. Masdekar said, “The company is targeting to achieve 20 per cent of revenue from exports by 2026, compared to 0.5% currently. Therefore, we recommend that investors consider maintaining their positions in the medium to long term.” “
Narendra Solanki, Head of Fundamental Research – Investment Services at Anand Rathi Shares, said the company’s valuation at the upper price band is at a P/E of 43.01x, with an EV/EBITDA of 30.08x and Rs 27,928 million after the issuance of equity shares. It has a market cap of Rs and a return on net worth of 20.74 per cent. “We advise investors to hold the issue for the long term as per their risk appetite,” he said.
Standard Glass business
It is one of the few companies in India that offers end-to-end customized solutions in specialized engineering equipment used in the pharma and chemical sectors. Its comprehensive product portfolio includes more than 65 products and offerings in the pharma and chemical industries and it is also developing 15 more products.
The company is also trying to increase its capacity further and is entering the 150 150 thickness segment, which will enable it to provide solutions for important industries like Oil & Gas, Edible Oil and Heavy Engineering. The Company intends to continue to strengthen its existing product portfolio in line with its capabilities and further diversify into products with potential for growth and profitability.
Disclaimer: The advice or opinions expressed on Moneycontrol.com are the personal views of the expert/brokerage firm. The website or management is not responsible for this. Moneycontrol advises users to always seek the advice of a certified expert before taking any investment decision.
