Last Updated:
As the allotment of the Standard Glass Lining IPO has been finalised, all eyes are actually on its itemizing on Monday, January 13. this is a step-by-step information to examine the allotment standing.
Standard Glass Lining IPO Listing Date.
Standard Glass Lining IPO Allotment Status: As the allotment of the Standard Glass Lining IPO has been finalised, all eyes are actually on its itemizing on Monday, January 13. According to market observers, the GMP of the IPO at the moment stands at 55.71 per cent, which signifies a powerful achieve for buyers.
As the Standard Glass Lining IPO allotment has been finalised, buyers can examine the allotment standing on the web sites of the BSE and NSE, in addition to on registrar Kfin Technologies’ portal.
The shares of Standard Glass Lining Ltd are scheduled to be listed on each BSE and NSE on January 13, Monday.
The preliminary public providing of Standard Glass Lining Ltd, which was opened on between January 6 and January 8, acquired a whopping 185.48 occasions subscription. The retail class acquired a 65.71 occasions subscription in complete, 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 worth band of the IPO was mounted at Rs 133 to Rs 140 apiece.
Standard Glass Lining IPO: How To Check Allotment Status Online?
The IPO allotment standing will be checked on-line by following these steps:
1) Go to the official BSE web site by way of 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 software 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’ possibility.
Your share software standing will seem in your display.
You also can go to direct Kfin Technologies’s portal — https://rti.kfintech.com/ipostatus/ and examine 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 at the moment buying and selling at Rs 218 per share within the gray market, which is Rs 78 or 55.71 per cent larger than the IPO challenge worth of Rs 140. It signifies a powerful itemizing on January 13.
The 60.71 per cent GMP is decrease than the 55.71 per cent premium recorded within the morning on Thursday.
The GMP is predicated on market sentiments and retains altering. ‘Grey market premium’ signifies buyers’ readiness to pay greater than the problem worth.
Standard Glass Lining IPO: More Details
The Rs 410.05-crore Standard Glass Lining IPO is a mix of recent issuance of fairness shares value Rs 210 crore and a suggestion on the market (OFS) of as much as 1.43 crore shares by promoters and different promoting shareholders, in keeping with the purple 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 the OFS route.
Proceeds from the recent challenge to the extent of Rs 130 crore might be utilized by the corporate for debt reimbursement and Rs 30 crore for funding in a wholly-owned subsidiary S2 Engineering Industry.
Funds value Rs 20 crore may also be utilised by the corporate in direction of inorganic progress by strategic investments or acquisitions, Rs 10 crore for the acquisition of equipment and tools and a portion may also be used for normal company functions.
Standard Glass Lining Technology has mobilised Rs 123 crore from anchor buyers forward of its IPO.
Standard Glass Lining Technology presents complete options that embody design, engineering, manufacturing, meeting, set up, and commissioning and establishing customary working procedures for pharmaceutical and chemical producers on a turnkey foundation.
Some of its pharma shoppers embody Aurobindo Pharma, Cadila Pharmaceutical, Granules India Ltd, Macleods Pharmaceuticals, Piramal Pharma, and Suven Pharmaceuticals.
IIFL Capital Services Ltd (previously generally known as IIFL Securities Ltd) and Motilal Oswal Investment Advisors Ltd are the book-running lead managers, whereas KFin Technologies is the registrar for the problem.
The shares might be listed on the BSE and the National Stock Exchange (NSE).
