The IPO of Standard Glass Lining Technology has seen an overwhelming response from investors, with the offering being oversubscribed by 17.61 times on its second day of subscription.
The company, which launched its initial public offering (IPO) on January 6, 2025, at a price band of ₹133-140 per share, has garnered significant interest, especially from retail and non-institutional investors.
On Day 2 of the subscription window, retail investors led the charge, with their portion being oversubscribed by an impressive 19.39 times.
The non-institutional investor (NII) segment also showed strong demand, seeing a 30x oversubscription. Qualified institutional buyers (QIBs) accounted for a more modest 1.83x subscription.
The oversubscription highlights the market’s optimism for Standard Glass Lining Technology, a key player in the glass lining industry. Analysts have recommended subscribing to the IPO for long-term investment, pointing to the company’s superior margin profile compared to its peers.
The IPO, which is open for subscription until January 8, 2025, has a lot size of 107 shares, giving investors the opportunity to participate at an affordable entry point.
The allotment of shares is expected to be finalized by January 9, with shares scheduled to list on the Bombay Stock Exchange on January 13.
Standard Glass Lining Technology’s IPO marks an important milestone for the company as it looks to expand its operations and enhance its market presence.
Investors should keep an eye on the official channels for updates on the allotment process and the final listing.
This strong subscription performance reflects growing confidence in the company’s future prospects, with many investors hopeful that the IPO will offer solid returns once it lists on the stock exchange later this month.
Stay tuned for further developments as we continue to monitor the status of the Standard Glass Lining IPO.
Also Read
Indo Farm Equipment Makes a Splashy Market Debut: Shares List at 20% Premium
Nvidia CEO Jensen Huang Highlights Robotics and Automotive Growth at CES 2025
Target Corporation issued a sobering update on Wednesday, confirming that the retailer’s efforts to regain…
Enterprise software is undergoing a transformative shift, and Snowflake is leading the charge. With the…
Bitcoin, the world’s most prominent cryptocurrency, has recently fallen to $101,000, surprising many investors as…
Those new vehicle registration rules you've been hearing about? They're not happening this month after…
Toyota has given fans a first glimpse of the next-generation Hilux, and the teaser hints…
Keeping your banking information up to date with the South African Social Security Agency (SASSA)…