Standard Glass Lining Technology IPO: The IPO of Standard Glass Lining Technology is getting a strong response from investors. As of the second day of subscription, the issue has been subscribed 29.87 times. It has received bids for a total of 62.20 crore shares, while there are 2.08 crore shares on offer. This company manufactures engineering equipment for the pharmaceutical and chemical sectors. Money can be invested in this till January 8. The company is planning to raise Rs 410.05 crore from its IPO.
Standard Glass Lining IPO: Category wise subscription
Qualified Institutional Buyers (QIB) – 4.55 times
Non Institutional Investors (NII) – 63.56 times
Retail Investors (RII) – 29.35 times
Total – 29.87 times
(07 Jan 2025 | 02:57:00 PM)
Standard Glass Lining IPO का GMP
Standard Glass Lining’s IPO is getting strong response from investors in the gray market. Today this issue is trading at a premium of Rs 96 in the unlisted market. Accordingly, the company’s shares are likely to be listed at a price of Rs 236. If this happens then investors will get a huge profit of 68.57 percent.
About Standard Glass Lining IPO
1.50 crore new equity shares worth Rs 210 crore have been issued in the issue. Also, there is an offer for sale of 1.43 crore shares worth Rs 200.05 crore. The price band for Standard Glass Lining Technology IPO is Rs 133-140 per share and the lot size is 107 shares. After the closing of the IPO, the allotment of shares will be final on January 9 and the listing will take place on NSE, BSE on January 13.
Financial health of Standard Glass Lining Technology
In the financial year 2022, it had a net profit of Rs 25.15 crore, which jumped to Rs 53.42 crore in the next financial year 2023 and to Rs 60.01 crore in the financial year 2024. During this period, the company’s revenue increased at a compound growth rate (CAGR) of more than 50 percent annually to Rs 549.68 crore. Talking about the current financial year 2024-25, in the first half April-September 2024, it has achieved a net profit of Rs 36.27 crore and a revenue of Rs 312.1 crore.
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