The IPO of Standard Glass Lining has attracted strong investor interest through its potential higher listing premium because of sound operational performance and its detailed plans for future growth. The target shareholders can confirm their allotment and wait for the list in January 13 for returns.
After opening a spectacular subscription rate, the quantum for the Standard Glass Lining IPO is expected to be decided today. With the listing expected to occur on January 13 investors want to know the possible investment returns. Below are the most recent specifics as to GMP ad anticipated returns.
New Delhi: The IPO of Standard Glass Lining is expected to offer allotment either today or early tomorrow morning. Shares will be sold through electronic ballot under the regulations of the IPO registrar. As we have seen on the day of allotment, the number of shares which has been allotted to them against their bids can be confirmed.
How to find out whether you have been allotted Standard Glass Lining IPO or not
To check the IPO allotment status they can go to the company’s website of the stock exchange where it’s listed, BSE.in or can visit the registrar’s website that is KFin Technologies.
On the BSE website:
Go to the company name in the drop down list then you click on application number or PAN and input your result to check its status.
On the KFin Technologies website:
Click on “Standard Glass Lining IPO”, fill your PAN number and click on “Search” to get the results.
Standard Glass Lining IPO GMP and Anticipated Profits
The stocks of Standard Glass Lining are also available in the grey market at a price of ₹91 over the issue price which is 65% higher than the issue price.
Standard Glass Lining Offer Information Initial Public Offerịng Listing
Their shares are scheduled to be floated on 13th January of this year.
Subscription Status
The IPO for the Standard Glass Lining was very popular and there was a subscription level of 183 times. The funds raised will be utilized for various purposes, including:
- Making an acquisition of mechanical and ancillary apparatus.
- Debt repayment.
- Funding directly in one of its subsidiaries known as S2 Engineering Industry.
- Support of key development activities.
- General corporate expenses.
Standard Glass Lining – Sales & Net Income/Qtr
For the FY24, the company has also achieved an almost 9% increase in year on year revenue growth to ₹544 crore. The after tax profit was up 13%, at ₹60 crore. For the six months ended September 2024, the firm generated sales of ₹307 crore and profits of ₹36 crore.
About Standard Glass Lining
Standard Glass Lining has emerged to serve as the biggest producer of engineering equipments for the pharma and chemical industries in India. There is an integration of design, engineering, manufacturing, assembly and installation services provided by the company. In addition, it offers integrated services to help clients develop S.O.Ps within those industries, accordingly.
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