Standard Glass Lining’s initial public offering (IPO) officially listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on January 13, 2025.
Key IPO Facts
- Listing Date: January 13, 2025
- Exchanges: BSE, NSE
- IPO Size: ₹410.05 crore
- Fresh Issue: ₹210 crore
- Offer for Sale: ₹200.05 crore
- Price Band: ₹133 – ₹140
- Minimum Order Quantity (Lot Size): 107 shares
- Minimum Investment: ₹14,980
- Subscription: 183.48 times oversubscribed
- Allotment Date: January 9, 2025
- Registrar: KFin Technologies
- IPO Opening Date: January 6, 2025
- IPO Closing Date: January 8, 2025
KFin Technologies (Registrar)
Company Overview and Growth Prospects
Standard Glass Lining designs, engineers, manufactures, and installs specialized equipment for pharmaceutical and chemical companies. Their product line includes glass-lined equipment, stainless steel and high-alloy equipment, PTFE, and pipeline fittings. Notably, they are the sole supplier of 10KL capacity stainless steel glass-lined reactors in India. The company has shown consistent revenue and profit growth from FY2022 to FY2024.
Financial Performance (₹ cr): (Insert actual figures if available)
| Metric | FY2022 | FY2023 | FY2024 |
|—|—|—|—|
| Revenue | [Insert if available] | [Insert if available] | [Insert if available] |
| Profit | [Insert if available] | [Insert if available] | [Insert if available] |
Standard Glass Lining plans to use the IPO proceeds for capacity expansion, debt reduction, and strategic investments, including investment in its subsidiary, S2 Engineering. The company may benefit from the growth of the Indian pharmaceutical and chemical industries. However, like any investment, there are risks involved.
Post-Listing Performance
For up-to-date post-listing performance data, please consult reputable financial news sources such as The Economic Times, Bloomberg, Reuters, or the official BSE and NSE websites. Look for information on opening and closing prices, trading volume, and expert analysis. While early performance can sometimes suggest future trends, it’s important to remember that past performance is not indicative of future results.
Grey Market Premium (GMP): Before listing, the GMP fluctuated between ₹68 and ₹93, suggesting strong investor interest. It is important to consult reputable financial news sites for the latest GMP information and to exercise caution when interpreting GMP data.
Disclaimer: This information is for educational purposes only and is not investment advice. Consult with a financial advisor before making any investment decisions.
