look news india
The IPO of Standard Glass Lining has gained immense popularity among investors. It has received more than 35 times subscription in the first two days itself. Today, January 8, 2024, is the last day to place bets in this IPO.
Subscription status
The company’s IPO has received good response in all categories:
- Retail Category: Subscribed 33.97 times.
- QIB (Qualified Institutional Buyers): 4.63 times subscription.
- NII (Non-Institutional Investors): 80.38 times subscription.
This IPO opened on January 6 and has been most popular among retail investors.
IPO size and details
- Total size: Rs 410.05 crore.
- Fresh issue: 1.50 crore shares.
- Offer for Sale (OFS): 1.43 crore shares.
- The company has already raised Rs 123 crore from anchor investors. This IPO was opened for anchor investors on January 3.
IPO price band and lot size
- Price Band: Rs 133 to Rs 140 per share.
- Lot Size: 107 shares.
Investors will have to invest a minimum of Rs 14,980.
IPO listing date: 13 January 2024. It will be listed on both BSE and NSE.
gray market situation
Gray Market Premium (GMP) According to reports, Standard Glass Lining IPO is getting an overwhelming response in the gray market:
- Today it is trading at a premium of Rs 96.
- On January 4, this GMP was at its highest level of Rs 97.
- At present its condition remains stable.
attractiveness for investment
Main reasons for enthusiasm among investors regarding Standard Glass Lining IPO:
- Strong gray market premium.
- Good response to IPO in all categories.
- Long-term growth potential of the company.
