look news india
The Initial Public Offering (IPO) of Standard Glass Lining is going to open tomorrow, January 6. The company is planning to raise Rs 410.05 crore through this IPO. Subscription of IPO will start from January 6 and will continue till January 8. In this, the company will issue 1.50 crore fresh shares and 1.43 crore shares under Offer for Sale (OFS).
IPO price band and lot size
- Price band: ₹133 to ₹140 per share.
- Lot Size: 107 shares.
- Minimum Investment: Investors will have to invest a minimum of ₹14,980 for one lot.
- Allotment date: 9 January 2025.
- Listing date: 13 January 2025.
IPO performance in gray market
Standard Glass Lining’s IPO is performing well in gray market premium (GMP).
- Today’s GMP: ₹97 per share.
- Price rise: Was trading at ₹83 on January 1, which has now increased by ₹14 per share.
- Listing Premium: Based on the current GMP, the company could be listed at a premium of 69%.
Money raised from anchor investors
The company has raised ₹123.02 crore from anchor investors.
- The IPO was opened for anchor investors on January 3.
- The lock-in period of 50% of the shares issued to anchor investors is only 30 days.
Company’s business and sector
Standard Glass Lining’s core business is manufacturing engineering equipment for the pharma and chemical sectors. It plays an important role in meeting the emerging needs of these industries.
Special things for investors
- Strong GMP: The premium performance of the IPO in the gray market indicates its strong listing.
- Premium Listing Potential: Premium of up to 69% can give huge returns to investors.
- Industry Demand: Due to the increasing demand of pharma and chemical sector, there is a possibility of stability and growth of the company in future.