The initial public offering (IPO) of Standard Glass Lining Technology Ltd has generated interest among investors. The IPO, which opened on January 6 and closed on January 8, was oversubscribed a staggering 183.18 times, reflecting robust demand across all investor categories. With the allotment finalised, investors are awaiting the listing.

Subscription & Grey Market

The IPO garnered bids for 381.56 crore shares against the 2.08 crore shares on offer, underscoring a massive oversubscription. The QIB category led the charge with a subscription of 331.60 times, followed by NII at 268.50 times and retail investors at 64.99 times.

Adding to bullish sentiment in the grey market, the shares of Standard Glass Lining Technology are trading at a premium. The current grey market premium (GMP) is Rs 91 per share, suggesting an estimated listing price of Rs 231 per share, a 65% premium over the issue price of Rs 140.

Allotment Process

The allotment status for Standard Glass Lining IPO can be checked online via the BSE and Kfin Technologies portals.

On BSE Website

Visit the BSE IPO allotment page: BSE Allotment Status
Select “Equity” under the Issue Type dropdown.
Choose Standard Glass Lining Technology Ltd from the Issue Name dropdown.
Enter your Application Number or PAN.
Verify by ticking “I am not a robot” and click Search.
Your allotment status will be displayed on the screen.

On the Kfin Technologies Portal

Visit the Kfin IPO allotment page: Kfin IPO Status
Select Standard Glass Lining Technology Ltd from the Select IPO dropdown.
Enter your details (Application Number, Demat Account, or PAN).
Fill in the Captcha code and click Submit.
The allotment status will appear on the screen.

Upon allotment, successful investors will have the equity shares credited to their demat accounts, while refunds will be initiated for unsuccessful applicants.

Company & Issue Details

Standard Glass Lining Technology Ltd is a leading player in its sector, offering specialized products that cater to diverse industries. The IPO raised a total of Rs 410.05 crore, of which Rs 210 crore came from a fresh issue of 1.50 crore equity shares, while Rs 200.05 crore was raised through an Offer for Sale (OFS) of 1.43 crore shares.

The proceeds from the fresh issue will be utilized to fund business expansion and strengthen the company’s balance sheet, while the OFS allows existing shareholders to monetize their holdings.

Listing Day Expectations

Given the overwhelming subscription and robust GMP, expectations for the January 13 listing are high. Analysts predict strong debut gains, with the estimated listing price of Rs 231 per share indicating a 65% premium over the upper price band of Rs 140.

Investor Sentiment

The response to Standard Glass Lining IPO reflects the appetite for high-quality offerings in the primary market. The oversubscription across categories, particularly from QIBs, highlights the institutional confidence in the company’s prospects. Furthermore, the sustained GMP strength indicates that retail and grey market investors are also optimistic about the company’s potential listing gains.