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There is another opportunity to earn money through IPO from today. The initial public offering (IPO) of pharma engineering equipment manufacturer Standard Glass Lining Technology Limited has opened for bidding on Monday. Bids can be made in this IPO from 6 December to 8 January 2025 at 5:00 pm. The company has fixed the price band of Standard Glass Lining IPO from ₹ 133 to ₹ 140 per equity share. This IPO got great support from anchor investors. Before opening, the company raised ₹ 123.02 crore from anchor investors.
98 running gmp
According to the news, the company aims to raise ₹410.05 crore from this public issue, which is a mix of new shares and offer for sale (OFS). The remaining ₹200.05 crore is reserved for the OFS route. There are strong and positive sentiments in the grey market regarding the Standard Glass Lining IPO. According to stock market observers, the company's shares are available at a premium of Rs 98 in the grey market on Monday. By 10:42 am on the first day, the book build issue was subscribed 2.03 times, the retail portion was booked 2.73 times, while the NII portion was subscribed 3.01 times.
Lot size of IPO
Bidders of Standard Glass Lining IPO can apply in multiple lots. One lot consists of 107 company shares. Share allotment may be finalized on Thursday, January 9, 2025. KFin Technologies has been appointed as the official registrar of the book build issue. IIFL Securities and Motilal Oswal Investment Advisors have been appointed as the lead managers to the public issue. The company's shares are likely to be listed on January 13, 2025.
