Standard Glass Lining, a manufacturing engineering equipment company, primarily for the pharmaceutical and chemical industries in India ahead of its opening for subscription has already created a buzz in the market. A mainboard issue, the Standard Glass Lining IPO will open for subscription from January 6 to January 8, 2025, with the price band set between the range of Rs 133 to 140 per share.
Standard Glass Lining IPO GMP
Ahead of its opening on January 6, 2025, the Standard Glass Lining IPO in the grey market is trading at a premium of Rs 83, indicating a potential listing price of Rs 223 per share, which is a 59.29 per cent premium over the upper issue price of Rs 140.
Standard Glass Lining IPO – Key Details
Standard Glass Lining IPO will remain open for a subscription period of three days from January 6 to 8, 2025.
Also Read: Parmeshwar Metal IPO opens today: GMP up 32.79%; Here is everything about price band, risk factors, IPO allotment
The price band of the issue set by the company is between Rs 133 to Rs 140 per share, with minimum lot size for retail investors is 107 shares, amounting to an investment of Rs 14,980.
Furthermore, small and medium investors must invest in 14 lots (1,498 shares), amounting to a sum of Rs 2,09,720 and subsequently big investors are required to invest in 67 lots (7,169 shares), which amounts to Rs 10,03,660.
IPO Lead Managers
The IPO is being led by Iifl Securities and Motilal Oswal Investment Advisors, who serve as the book running lead managers. The registrar for the issue is Kfin Technologies.
Allotment and Listing
The allotment of shares after the IPO bidding process is set to be finalised on January 9 and the tentative listing date for the issue on the India bourses is scheduled on January 13.
» Read More
