Standard Glass Lining IPO Allotment Status: A Comprehensive Guide
The Standard Glass Lining Technology Limited IPO has garnered significant attention in the financial world. With its IPO allotment status finalization expected on January 9, 2025, this article delves into all you need to know about checking your IPO status, the company’s performance, and its strategic plans for the future.
Overview of Standard Glass Lining IPO
Standard Glass Lining Technology Limited specializes in manufacturing engineering equipment for pharmaceutical and chemical industries. Its IPO was open for subscription from January 6 to January 8, 2025, and received an overwhelming response, being subscribed 185.48 times overall. Here are the key details of the IPO:
- Issue Size: ₹410.05 crores
- Fresh Issue: ₹210.00 crores (1.50 crore shares)
- Offer for Sale: ₹200.05 crores (1.43 crore shares)
- Price Band: ₹133 to ₹140 per share
- Subscription Details:
- Retail Investors: 65.71 times
- Qualified Institutional Buyers (QIBs): 327.76 times
- Non-Institutional Investors (NIIs): 275.21 times
The shares are set to list on both the NSE and BSE, with a tentative listing date of January 13, 2025.
How to Check Standard Glass Lining IPO Allotment Status Online
Investors can check their IPO allotment status through three primary platforms: NSE, BSE, and KFin Technologies. Here’s a step-by-step guide for each:
1. On the NSE Website
- Visit the official NSE website here.
- Log in using your credentials (new users need to sign up).
- Select “Standard Glass Lining” from the dropdown menu.
- Enter your application number and PAN.
- Click “Submit” to view your status.
2. On the BSE Website
- Go to the BSE IPO allotment page here.
- Select “Equity” under the Issue Type dropdown menu.
- Choose “Standard Glass Lining” from the company list.
- Input your application number or PAN.
- Verify the captcha and hit “Search.”
3. On KFin Technologies
- Access the KFin Technologies IPO allotment page here.
- Select one of the server links displayed.
- Choose “Standard Glass Lining” from the dropdown.
- Enter your application number, Demat account number, or PAN.
- Complete the captcha verification and click “Submit.”
Business Overview of Standard Glass Lining Technology Limited
Founded in 2012, Standard Glass Lining has positioned itself as a leading provider of engineering equipment for India’s pharmaceutical and chemical sectors. Its product portfolio includes:
- Reaction Systems: Glass-lined reactors and agitation systems.
- Storage Solutions: Specialized tanks for chemicals and pharmaceuticals.
- Drying Systems: Customized drying equipment for industrial applications.
- Turnkey Projects: Comprehensive plant engineering and operational support.
The company’s clientele includes industry giants such as Aurobindo Pharma, Cadila Pharmaceuticals, Laurus Labs, and Granules India.
Subscription and Market Response
The IPO received robust participation, with a subscription rate of 185.48 times. Notably, QIBs led the way with a 327.76x subscription rate, reflecting strong institutional interest. Retail investors also showed substantial enthusiasm, subscribing 65.71x.
Grey Market Premium (GMP)
As of January 9, 2025, the GMP for Standard Glass Lining IPO stands at ₹91 per share, indicating healthy demand in the unofficial market.
Note: GMP values are speculative and should not solely influence investment decisions.
Utilization of IPO Proceeds
The company plans to utilize the net proceeds from the IPO for the following objectives:
- Acquisition of advanced machinery and equipment.
- Repayment or prepayment of existing borrowings.
- Strategic investments in its subsidiary, S2 Engineering Industry Private Limited.
- Funding potential acquisitions and general business expenses.
Financial Highlights
Standard Glass Lining has demonstrated steady growth in recent years:
- Revenue Growth: Increased by 10% in FY 2024 compared to FY 2023.
- Profit After Tax (PAT): Rose by 12% over the same period.
These metrics underscore the company’s strong operational performance and growth potential.
Frequently Asked Questions (FAQs)
1. What is the price band of Standard Glass Lining IPO?
The price band for the IPO was set between ₹133 and ₹140 per share.
2. When will the shares be listed?
The shares are scheduled to be listed on January 13, 2025, on the NSE and BSE.
3. How can I check my IPO allotment status?
You can check your allotment status online through NSE, BSE, or KFin Technologies by following the steps outlined above.
4. What is the Grey Market Premium (GMP) for this IPO?
As of January 9, 2025, the GMP is ₹91 per share. However, GMP values are unofficial and subject to fluctuation.
5. What are the primary objectives of the IPO?
The proceeds will be used for machinery acquisition, debt repayment, subsidiary investments, and general business purposes.
Disclaimer
This article is for informational purposes only. Investors are advised to conduct their own research or consult a financial advisor before making investment decisions. Grey Market Premium (GMP) values are speculative and should be interpreted cautiously.
The Standard Glass Lining IPO reflects the growing confidence in India’s pharmaceutical and chemical engineering sectors. With strong subscription rates and a promising financial outlook, the company is poised to play a pivotal role in the industry’s future. Investors, however, should approach with due diligence and consider all factors before making decisions.
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