The basis of allotment for the Standard Glass Lining Technology Ltd IPO is expected to be finalized on Thursday, January 9, 2025, following strong investor demand.
IPO Highlights:
- Subscription Status:
- Overall subscription: 182.57 times.
- Qualified Institutional Buyers (QIBs): 331.6 times.
- Non-Institutional Investors (NIIs): 267.99 times.
- Retail Investors: 63.99 times.
- Offer Size:
- Total IPO size: ₹410 crore.
- Fresh issue: 1.50 crore shares worth ₹210 crore.
- Offer-for-sale: 1.43 crore shares.
- Price Band: ₹133 to ₹140 per share.
- IPO Dates: Opened on January 6 and closed on January 8.
Key Dates:
- Allotment Finalization: January 9, 2025.
- Refunds Initiation & Demat Transfer: January 10, 2025.
- Listing Date: January 13, 2025, on NSE and BSE.
Steps to Check IPO Allotment Status:
On BSE Website:
- Visit BSE IPO Allotment Page.
- Select “Equity” as the issue type.
- Choose “Standard Glass Lining Technologies Ltd.” from the dropdown.
- Enter your Application Number or PAN.
- Click “Search” to view your allotment status.
On KFin Tech Website:
- Go to KFin Tech IPO Allotment Status Page.
- Select Standard Glass Lining Technologies Ltd from the IPO list.
- Enter your Application Number, Demat Account Number, or PAN.
- Complete the CAPTCHA and click “Submit” to check your status.
On NSE Website:
- Log in to the NSE Portal using your User ID and Password.
- Navigate to the IPO allotment section and follow instructions.
Use of IPO Proceeds:
- Debt Repayment: Part of the proceeds will be used to reduce the company’s financial liabilities.
- Inorganic Growth: Funding acquisitions to expand market presence.
- Capital Expenditure: Investment in new machinery to enhance manufacturing capacity.
- Subsidiary Support: A portion will be invested in S2 Engineering Industry Pvt Ltd, its wholly-owned subsidiary.
- General Corporate Purposes: Strengthening operational efficiencies.
About Standard Glass Lining Technologies Ltd:
The company offers end-to-end solutions for pharmaceutical and chemical manufacturers, including design, engineering, manufacturing, and installation on a turnkey basis. The IPO marks a significant milestone in its expansion plans and financial optimization.
