The much-anticipated allotment for the Standard Glass Lining Technology IPO is set to be finalized today, January 9, 2025.
With overwhelming investor interest, the IPO was oversubscribed 183.18 times, making it one of the most sought-after issues in recent times. Investors are now keenly waiting to find out if they have secured shares in this promising company.
IPO Overview
The Standard Glass Lining Technology IPO opened for subscription from January 3 to January 5, 2025. The price band for the issue was set at ₹150-₹156 per share, with the company aiming to raise ₹400 crore through the offering. Proceeds from the IPO will be utilized for debt repayment, capacity expansion, and general corporate purposes.
Steps to Check Allotment Status
Investors can check their allotment status through multiple platforms once the registrar, KFin Technologies, finalizes the allotment. Here’s how:
- BSE Website
- Visit the BSE allotment status page.
- Select “Equity” under “Issue Type.”
- Choose “Standard Glass Lining Technology Limited” from the “Issue Name” dropdown.
- Enter your “Application Number” or “PAN.”
- Verify the captcha and click “Search” to view your status.
- KFin Technologies Website (Registrar)
- Navigate to the KFinTech IPO status page.
- Select “Standard Glass Lining Technology Limited” from the dropdown menu.
- Search using “Application Number,” “Demat Account,” or “PAN.”
- Enter the required details and captcha code, then click “Submit.”
- NSE Portal
- Log in to the NSE portal using your account credentials.
- Navigate to the IPO section to check your allotment status.
What Happens Next?
Investors who receive an allotment will see the shares credited to their demat accounts by January 12, 2025. Those who are unsuccessful will have their refund processed and credited to their bank accounts shortly after the allotment is finalized.
The shares of Standard Glass Lining Technology are scheduled to be listed on the stock exchanges on January 13, 2025. The gray market premium (GMP) for the IPO has been trading at a strong ₹47 per share, indicating robust demand and potential upside upon listing.
Key Highlights
- Issue Size: ₹400 crore
- Price Band: ₹150-₹156 per share
- Subscription: Oversubscribed 183.18 times
- Registrar: KFin Technologies
- Listing Date: January 13, 2025
Stay tuned for more updates on the listing performance of Standard Glass Lining Technology, as it gears up to make its debut on the stock market. For now, investors can check their allotment status and prepare for the next phase of this exciting journey.
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