Standard Glass Lining Technology IPO lists with 22.86% gains on NSE at Rs 172

Standard Glass Lining Technology Limited made a strong debut in the stock market today, January 13, with its shares listing at ₹172 on NSE, reflecting a 23% gain over its issue price. On BSE, the stock recorded a listing premium of 26%. Despite the volatile market conditions, the listing is considered decent, although it fell slightly short of certain investor expectations.

Financial Highlights:

Advertisement

The company reported a 10% revenue growth and a 12% increase in profit after tax (PAT) between FY2023 and FY2024, demonstrating robust financial performance ahead of its IPO.

IPO Details:

  • Subscription Period: January 6-8, 2025
  • Issue Size: ₹410.05 crore
    • Fresh Issue: ₹210 crore
    • Offer for Sale (OFS): 1.43 crore equity shares
  • Price Band: ₹133 to ₹140 per share
  • Overall Subscription: 182.57 times
    • Qualified Institutional Buyers (QIB): 331.60 times
    • Non-Institutional Investors (NII): 267.99 times
    • Retail Investors: 63.99 times

Business Overview:

Standard Glass Lining Technology is a leading engineering equipment manufacturer specializing in pharmaceutical and chemical sectors. The company has in-house capabilities to deliver solutions across the value chain, making it a key player in its segment.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.