Standard Glass Lining IPO subscription started on Monday, January 02, 2025, and will close on January 08, 2025, as per the schedule. The price band is set at ₹133 to ₹140 per share with a face value of ₹10.
Standard Glass Lining IPO Subscription Status
Standard Glass Lining IPO Subscribed over 13.61x on its first day till 05.00 PM on 6 January, 2025.
- Standard Glass Lining IPO subscription QIB investors portion is 1.8x times, while NII subscribed 26.16x times and RII investors subscribed 14.97x times.
- The company has received bids for 27,89,53,280 shares against 2,05,02,558 shares on offer on the first day.
- Standard Glass Lining IPO Subscribed over 13.61x on day 1.
About Standard Glass Lining IPO
Standard Glass Lining Technology Limited was founded in 2012 and started manufacturing engineering equipment for pharmaceuticals and chemical areas. It handles all of the processes on its own with efficiency. It provides complete solutions to all such as designing, engineering, manufacturing, assembling, and installing to create standard operating procedures for pharmaceutical and chemical companies. Their consumers are from paint, biotechnology, pharmaceutical, and food beverages. Their promoters play a crucial role in the growth of the company as they are skilled and experts in leadership. It’s famous as an outstanding manufacturing company for glass lined, stainless steel, and high alloy and top three suppliers for polytetrafluoroethylene and pipeline fittings in India. This firm also provides in-house capabilities core specialized equipment and significant engineering equipment for manufacturing and 11,000 products have been supplied over ten years. It is noticeable that this firm is the only firm to provide stainless steel glass-lined rectors suppliers with a capacity of 10KL in India.
Standard Glass Lining IPO Company Financial Report
The company reported revenue of ₹549.68 crores in 2024 against ₹500.08 crore in 2023. The company reported profit of ₹60.01 crores in 2024 against Profit of ₹53.42 crores in 2023.
Standard Glass Lining IPO GMP
Standard Glass Lining IPO was ₹90 as of Monday, 6 January. That indicates the IPO is trading at ₹230 with ₹90 premium in the grey market against the issue price of ₹140.
