Mon Jan 06 07:10:51 UTC 2025: ## Standard Glass Lining IPO Opens, Aims for Rs 410 Crore

**Mumbai, January 6, 2025** – Standard Glass Lining Technology Limited, a provider of advanced engineering equipment to India’s pharmaceutical and chemical industries, launched its Initial Public Offering (IPO) today. The IPO, which aims to raise Rs 410.05 crore, comprises a fresh issue of Rs 210 crore and an offer for sale of Rs 200.05 crore.

The company, established in 2012, distinguishes itself by offering comprehensive turnkey solutions, managing the entire production process from design to installation and providing ongoing support. The IPO price band is set at Rs 133-140 per share, with a minimum investment of Rs 14,980 for retail investors. Bidding will remain open until January 8th.

Standard Glass Lining successfully garnered Rs 123.02 crore from anchor investors prior to the IPO launch. IIFL Securities Ltd and Motilal Oswal Investment Advisors Limited are acting as book-running lead managers, while KFin Technologies Limited is the registrar.

The grey market premium (GMP) currently stands at Rs 97, suggesting a potential listing price of around Rs 237 and a potential gain of approximately 69.29% per share. However, this is purely speculative. Allotment is expected on January 10th, with listing on the NSE and BSE by January 14th.

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