IPO (initial public offering) of Standard Glass Lining Technology Ltd. has been concluded after a three-day bidding period on Wednesday, January 8, 2025. The company has now finalized the share allotment. The IPO saw a massive overall subscription, reaching 183 times the available shares on the third day. As per the data, the issue received the bids for 3,81,56,56,808 shares, significantly exceeding the 2,08,29,567 shares on offer. Here’s how different groups subscribed:

1. Qualified Institutional Bidders (QIBs): 331.60 times.
2. Non-institutional investors (NIIs): 268.50 times.
3. Retail investors: 64.99 times their allotted quota.

The company’s IPO started on January 6, 2025, and concluded on January 8, 2025. The company aimed to raise Rs 410.05 crores from this share sale. Furthermore, the minimum investment requirement was 107 shares. The company offered 2,08,29,567 shares for sale, with a price band of Rs 133 to Rs 140 apiece.

Standard Glass Lining IPO: GMP

In the grey market, Standard Glass Lining Technology Ltd’s shares maintained a premium of Rs 91. Furthermore, this suggests a potential listing price of Rs 231, representing a significant 65% premium from the upper band of IPO price of Rs 140.

How To Check Share Allotment Status

Registrar’s Website

• Go to the Kfin Technologies’ IPO allotment status page: https://ipostatus.kfintech.com/.
  Choose ‘Standard Glass Lining Technology Ltd’ from the IPO names dropdown menu.
  Enter the client ID, application number or PAN number.
  Provide required details.
  Do Captcha verification.
  Tab on the ‘Submit’ button

BSE’s Website

• Head to BSE’s IPO allotment page: https://www.bseindia.com/investors/appli_check.aspx.
  Choose ‘Issue Type’ as ‘Equity’.
  Select ‘Standard Glass Lining Technology Ltd’ from the ‘Issue name’ menu.
  Provide your PAN or application number.
  Tab on the ‘Search’ button.

NSE’s Website

• Go to the NSE’s bid verification portal.
  Log-in if already registered or register yourself.
  Choose ‘Standard Glass Lining Technology Ltd’.
  Provide details like application number and PAN.
  Tab on submit.

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