Standard Glass Lining Technology Limited extended its rally today, with shares climbing 5% to trade at ₹170.60. The surge follows a decent stock market debut on January 13, when the shares were listed at ₹172 on the NSE, marking a 23% premium over the issue price. On the BSE, the stock recorded a listing premium of 26%. Despite market volatility, the company’s debut is regarded as solid, though it fell slightly short of some investor expectations.
Key Financial Highlights:
- Revenue Growth: 10% increase between FY2023 and FY2024.
- Profit After Tax (PAT): 12% growth during the same period, showcasing the company’s financial resilience.
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.
- Subscription Breakdown:
- QIB: 331.60 times.
- NII: 267.99 times.
- Retail Investors: 63.99 times.
Business Overview:
Standard Glass Lining Technology is a prominent engineering equipment manufacturer catering to the pharmaceutical and chemical sectors. The company boasts in-house capabilities to deliver comprehensive solutions, making it a key player in its niche market 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.
