Standard Glass Lining IPO GMP: The year 2024 has been very great for the IPO market. Now investors are waiting for this year’s IPO. Even in the year 2025, issues of many big companies are in the pipeline. Meanwhile, the first mainboard IPO of this year is going to open next week.
This IPO is of Standard Glass Lining Technology. This issue of the company will open for investment on Monday, 6 January 2025. Investors can place bets till Wednesday, 8 January 2025.
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Standard Glass Lining IPO GMP
The company wants to raise ₹410.05 crore through this issue. For this, the company will issue 1.50 crore shares worth Rs 210 crore. Whereas, the existing investors of the company are selling 1.43 crore shares worth Rs 200.05 crore through an Offer for Sale i.e. OFS.
The Price Band of the Standard Glass Lining IPO GMP
Standard Glass has fixed the price band of its IPO at Rs 133 to Rs 140 per share. Retail investors can bid for a minimum of one lot i.e. 107 shares. If you apply for 1 lot at the upper price band of IPO at Rs 140, then you will have to invest Rs 14,980.
Similarly, retail investors can apply for a maximum of 13 lots i.e. 1391 shares. For this, investors will have to invest Rs 1,94,740 as per the upper price band.
Standard Glass Lining IPO GMP Reservation
The company has reserved 50% of the issue for Qualified Institutional Buyers (QIB). Apart from this, about 35% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).
According to Investorgain.com, GMP of Standard Glass Lining Technology IPO is available at a premium of Rs 83. This means that the possible listing price of the company’s shares will be Rs 223. This means that there can be a profit of about 60% on listing. Let us tell you that the shares of the company can be listed on BSE and NSE on 13 December.
IIFL Securities Ltd and Motilal Oswal Investment Advisors Ltd are the book-running lead managers to the Standard Glass Lining IPO, while Kfin Technologies Ltd is the registrar of the issue.
About the Company
- Standard Glass Lining Technology Limited is a manufacturer of engineering equipment for the pharmaceutical and chemical sectors in India.
- It was established in 2012. The company has in-house production capacity for all its products.
- The company is located in Hyderabad.
- The company can manage the entire production process in-house. The company has eight manufacturing units in Hyderabad (Telangana).
- The company provides turnkey solutions, including design, engineering, manufacturing, assembling, installation, and standard operating procedures, to pharmaceutical and chemical producers.
Financial performance - Standard Glass Lining Technology Ltd’s revenue grew by 10% and profit after tax (PAT) grew by 12% between the financial years ending March 31, 2024 and March 31, 2023.
- In FY24, the company’s revenue was Rs 549.68 crore, and profit after tax was Rs 60.1 crore. In the current financial year ending on September 30, 2024, the company’s revenue was Rs 312.1 crore, and profit after tax was Rs 36.27 crore.
Will you subscribe Standard Glass Lining IPO?#IPOAlert pic.twitter.com/rN0ttPMB8M
— Vinayak Gautam (@wisebull_20) January 1, 2025
Company Planning
The company will use the funds raised from the Standard Glass Lining IPO GMP to fund capital expenditure requirements. It will also repay or prepay some of the outstanding loans taken by its subsidiaries.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗