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Standard Glass Lining Technology Ltd listed at Rs 176 apiece on the BSE, a 25.71 per cent premium over the IPO concern worth of Rs 140 apiece.
Standard Glass Lining Technology IPO Listing.
Standard Glass Lining Technology IPO Listing: Standard Glass Lining Technology Ltd on Monday made a good inventory market debut. The inventory listed at Rs 176 apiece on the BSE, a 25.71 per cent premium over the IPO concern worth of Rs 140 apiece. On the NSE, the share listed at Rs 172, which is 22.85 per cent larger than the problem worth.
Shivani Nyati, head of wealth at Swastika Investmart Ltd, mentioned, “Standard Glass Lining Technology Limited made a powerful debut on the inventory market with a list achieve of roughly 22.86 per cent over its concern worth of Rs 140, getting listed at round Rs 172.”
The IPO garnered huge investor curiosity, attaining a powerful total subscription of 185.48 instances, reflecting excessive demand throughout all classes. As a number one supplier of glass-lined gear catering to the pharmaceutical and chemical sectors, the corporate has established itself as a key participant by providing personalized and modern options, she added.
“With constant progress in income and profitability, coupled with an inexpensive valuation, the constructive itemizing underscores investor confidence within the firm’s progress potential. Investors are advised to maintain their place by protecting a stoploss at round 155,” Nyati mentioned.
The preliminary public providing of Standard Glass Lining Ltd, which was opened on between January 6 and January 8, obtained a whopping 185.48 instances subscription. The retail class obtained a 65.71 instances subscription in complete, the NII (non-institutional traders) portion acquired 275.21 instances subscription. Its QIB (certified institutional purchaser) class has been subscribed by 327.76 instances.
The worth band of the IPO was mounted at Rs 133 to Rs 140 apiece.
