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Unlisted shares of Standard Glass Lining Ltd are presently buying and selling at Rs 225 per share within the gray market, which is Rs 85 or 60.71 per cent increased than the IPO subject value of Rs 140. It signifies a powerful itemizing on January 13.
Standard Glass Lining IPO Allotment Status.
Standard Glass Lining IPO Allotment Status: The allotment of the Standard Glass Lining IPO is about to be finalised right now, Thursday, within the night. Once allotted, buyers will obtain financial institution debit message. They can even test the IPO allotment standing on the web sites of the BSE and NSE, in addition to on registrar Kfin Technologies’ portal. The newest GMP presently stands at 60.71 per cent, signalling a sturdy itemizing acquire for buyers.
The Standard Glass Lining IPO itemizing will happen on Monday, January 13.
The preliminary public providing of Standard Glass Lining Ltd, which was opened on between January 6 and January 8, obtained a whopping 185.48 occasions subscription. The retail class obtained a 65.71 occasions subscription in whole, the NII (non-institutional buyers) portion obtained 275.21 occasions subscription. Its QIB (certified institutional purchaser) class has been subscribed by 327.76 occasions.
The value band of the IPO was fastened at Rs 133 to Rs 140 apiece.
The shares of Standard Glass Lining Ltd are scheduled to be listed on each BSE and NSE on January 13, Monday.
The IPO allotment will probably be finalised within the night right now, perhaps late night time. Once allotted, buyers will begin receiving a financial institution debit message. Investors can even test the IPO allotment standing on the web sites of BSE and NSE, in addition to on registrar Kfin Technologies’ portal.
Standard Glass Lining IPO: How To Check Allotment Status Online?
The IPO allotment standing may be checked on-line by following these steps:
1) Go to the official BSE web site through the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, choose ‘Equity’.
3) Under ‘Issue Name’, choose ‘Standard Glass Lining Ltd’ within the dropbox.
4) Enter your utility quantity, or the Permanent Account Number (PAN).
5) Then, click on on the ‘I’m not a robotic’ to confirm your self and hit ‘Search’ choice.
Your share utility standing will seem in your display screen.
You can even go to direct Kfin Technologies’s portal — https://rti.kfintech.com/ipostatus/ and test the Standard Glass Lining IPO allotment standing.
Standard Glass Lining IPO GMP Today
According to market observers, unlisted shares of Standard Glass Lining Ltd are presently buying and selling at Rs 225 per share within the gray market, which is Rs 85 or 60.71 per cent increased than the IPO subject value of Rs 140. It signifies a powerful itemizing on January 13.
The GMP is predicated on market sentiments and retains altering. ‘Grey market premium’ signifies buyers’ readiness to pay greater than the difficulty value.
Standard Glass Lining IPO: More Details
The Rs 410.05-crore Standard Glass Lining IPO is a mix of contemporary issuance of fairness shares price Rs 210 crore and a proposal on the market (OFS) of as much as 1.43 crore shares by promoters and different promoting shareholders, in keeping with the crimson herring prospectus (RHP).
S2 Engineering Services, Kandula Ramakrishna, Kandula Krishna Veni, Nageswara Rao Kandula, Standard Holdings, Katragadda Venkata Ramani, and Venkata Siva Prasad Katragadda are amongst shareholders promoting shares by means of the OFS route.
Proceeds from the contemporary subject to the extent of Rs 130 crore will probably be utilized by the corporate for debt compensation and Rs 30 crore for funding in a wholly-owned subsidiary S2 Engineering Industry.
Funds price Rs 20 crore may also be utilised by the corporate in direction of inorganic progress by means of strategic investments or acquisitions, Rs 10 crore for the acquisition of equipment and gear and a portion may also be used for basic company functions.
Standard Glass Lining Technology has mobilised Rs 123 crore from anchor buyers forward of its IPO.
Standard Glass Lining Technology provides complete options that embody design, engineering, manufacturing, meeting, set up, and commissioning and establishing normal working procedures for pharmaceutical and chemical producers on a turnkey foundation.
Some of its pharma purchasers embody Aurobindo Pharma, Cadila Pharmaceutical, Granules India Ltd, Macleods Pharmaceuticals, Piramal Pharma, and Suven Pharmaceuticals.
IIFL Capital Services Ltd (previously often called IIFL Securities Ltd) and Motilal Oswal Investment Advisors Ltd are the book-running lead managers, whereas KFin Technologies is the registrar for the difficulty.
The shares will probably be listed on the BSE and the National Stock Exchange (NSE).
