Here’s a summary of the article about Standard Glass Lining IPO:
IPO Details
- Price band: Rs 133-140 per share
- Minimum lot size: 107 shares
- Retail investors’ minimum investment: Rs 14,980
- Small NIIs’ minimum investment: Rs 2,09,720 (14 lots)
- Large NIIs’ minimum investment: Rs 10,03,660 (67 lots)
Subscription Status
- Overall subscription rate: 17.35 times as of January 7, 2025, 10:39 AM
- Retail investors: 18.98 times oversubscribed
- Non-Institutional Investors (NII): 34.27 times oversubscribed
- Qualified Institutional Buyers (QIB): 1.81 times subscribed
Grey Market Premium (GMP)
- Latest GMP: Rs 93 as of January 7, 2025, 8:59 AM
- Estimated listing price: Rs 233 (upper end of price band + GMP)
- Potential gain per share: approximately 66.43%
Anchor Investor Segment
- Standard Glass Lining secured Rs 123.02 crore through its anchor investor segment ahead of its IPO launch
IPO Management
- Book-running lead managers: IIFL Securities Ltd and Motilal Oswal Investment Advisors Limited
- Registrar: KFin Technologies Limited
Listing Details
- Allotment finalization: January 10, 2025
- Listing date: January 14, 2025 (tentative)
Recommendation
- Geojit’s IPO report recommends a “Subscribe” rating for the stock on a medium to long-term basis, citing the company’s healthy margins, consistent revenue growth, robust growth outlook, and inorganic growth plans.