Standard Glass lining IPO Grey Market Premium Is At 80:Checkout IPO Details, DRHP And Its Financials.
The Grey Market premium of Standard Glass Lining ipo is incresed and trading at 80 rupees as of now, which indicates strong investor sentiment. Standard Glass Lining Technology is a good name in manufacturing industrial glass-lined equipment. IPO is launching on January 6, 2025. The IPO aims to raise ₹410 crore, with a price band set at ₹133 to ₹140 per share. Standard Glass lining IPO Grey Market Premium you need to check frequently as Its subject to change over the time .
Standard Glass Lining IPO GMP Trend
The Grey Market Premium (GMP) for Standard Glass Lining IPO has seen a significant rise over the past few days, indicating increasing interest among investors. Here’s how the GMP has progressed recently:
| Date | GMP (₹) | Trend |
|---|---|---|
| January 1, 2025 | ₹0 | No initial premium |
| January 2, 2025 | ₹40 | Positive interest begins |
| January 3, 2025 | ₹80 | Demand surges in grey market |
Initially, the IPO didn’t attract much premium in the grey market, as seen on January 1, 2025. By January 2, however, the GMP rose to 40, reflecting a shift in sentiment as investors began to show interest in the offering. The momentum picked up quickly, with the GMP reaching 80 on January 3, 2025. This sharp rise suggests growing optimism about the company’s prospects, possibly fueled by anchor investment data and positive outlooks from market analysts.
Standard Glass Lining IPO Details
| Details | Information |
|---|---|
| IPO Issue Size | ₹410 crore |
| Fresh Issue | ₹210 crore |
| Offer for Sale (OFS) | ₹200 crore |
| Price Band | ₹133–₹140 per share |
| Market Lot | 107 shares (₹14,231 minimum investment at the upper band) |
| IPO Type | Book-Building |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| IPO Opening Date | January 6, 2025 |
| IPO Closing Date | January 8, 2025 |
| Allotment Finalization Date | January 9, 2025 |
| Refunds Initiation Date | January 10, 2025 |
| Credit to Demat Accounts Date | January 10, 2025 |
| Listing Date | January 13, 2025 |
STANDARD GLASS LINING IPO DRHP
The DRHP for Standard Glass Lining Technology Limited’s IPO provides important details about the company’s upcoming public offering. It includes information like the issue size, the price band, and how the funds will be used. The document highlights the company’s business model, financial performance, risks, and future prospects, helping potential investors understand what they are investing in. It’s an essential read for anyone looking to participate in the IPO.
About Standard Glass Lining Technology
Standard Glass Lining Technology is known for its high-quality glass-lined reactors, storage tanks, and columns essential in industries like chemicals, pharmaceuticals, and more. These products are designed to handle corrosive materials safely and efficiently. The company operates on a business-to-business (B2B) model, serving industrial clients and building a strong reputation for reliability and innovation.
Standard Glass Lining Technology Limited is a prominent manufacturer specializing in advanced glass-lined equipment for various industrial applications. Their product portfolio includes:
- Glass-Lined Reactors: These reactors are essential in chemical and pharmaceutical industries, offering excellent corrosion resistance and durability for various reactions.
- Glass-Lined Receivers: Designed to international standards, these receivers are used for the safe handling and storage of reactive substances.
- Glass-Lined Rotary Cone Vacuum Dryers (RCVDs): These dryers are utilized for efficient drying of heat-sensitive materials under vacuum conditions.
- Glass-Lined Heat Exchangers: These are used for efficient heat transfer in processes involving corrosive materials.
- Glass-Lined Storage Tanks: Suitable for storing corrosive chemicals, ensuring safety and integrity of the stored materials.
The company also offers customized solutions to meet specific client requirements, demonstrating their commitment to innovation and quality in the specialized engineering equipment sector.
Official Website– https://www.standardglr.com/
Financial Performance
Standard Glass Lining has shown steady financial growth over the years. Revenue has grown at a CAGR of around 12%, and profits have been climbing steadily, reflecting sound operational management. The company maintains a healthy debt-to-equity ratio, which is a positive sign for investors.
| Financial Metric | FY 2022 | FY 2023 |
|---|---|---|
| Revenue (₹ crore) | 312.1 | 549.68 |
| Profit After Tax (₹ crore) | 36.27 | 60.01 |
| Net Worth (₹ crore) | 447.8 | 507.81 |
Should You Apply for This IPO?
The company’s strong industry presence and financial growth make it a compelling choice for investors looking for stability. However, the lack of GMP data suggests a cautious approach, as market sentiment isn’t fully clear yet. It’s important to evaluate how this IPO aligns with your investment goals and risk appetite.
Pravin Bhosale
Since stepping into the world of trading in 2019, i have gained valuable experience navigating the markets, have knowldge in indices like Bank Nifty, Nifty IT, Sensex, Bankex, and Finifty. Also have sound knowldge about IPO industry & ipo process. our blog aims to make finance approachable, offering practical insights for readers to better understand and act on market trends.
FAQs on Standard Glass Lining IPO
- What is the price band for this IPO?
The price band is ₹133 to ₹140 per share. - When does the IPO open and close?
The IPO opens on January 6, 2025, and closes on January 8, 2025. - How much can I invest?
The minimum investment is ₹14,231 for 107 shares. - How can I apply for the IPO?
You can apply via ASBA through your bank or UPI-based applications on brokerage platforms. - When will the shares be listed?
The shares are expected to list on January 13, 2025.