Standard Glass IPO concluded with 182.57 times subscription on the final day of offer on 8th January. The initial public offer got bids for 380 crore shares against 2.08 crore shares on offer, according to data available with the NSE.
The portion for non-institutional investors received 267.99 times subscription while the Retail Individual Investors (RIIs) part got subscribed 63.99 times. The category for Qualified Institutional Buyers (QIBs) fetched 331.60 times subscription.
The initial public offer of Standard Glass Lining Technology Ltd got fully subscribed within minutes of opening for share sale on Monday. Earlier, it mobilised Rs 123 crore from anchor investors. The Rs 410.05-crore issue has a price band of Rs 133-140 per share.
Standard Glass Lining IPO sails through within 20 minutes on Day 1; GMP surges to nearly 70%
According to market observers, the shares of the company are commanding a GMP of around 65 percent in the unofficial market. Investorgain quoted a GMP of Rs 91 for the shares of the company, indicating a listing gain of 65 percent.
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Standard Glass Lining Technology offers comprehensive solutions that encompass design, engineering, manufacturing, assembly, installation, and commissioning and establishing standard operating procedures for pharmaceutical and chemical manufacturers on a turnkey basis.
The shares will be listed on the BSE and National Stock Exchange (NSE) on 13th January.
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