Thu Jan 09 14:44:59 UTC 2025: ## Standard Glass Lining IPO Oversubscribed by Over 183 Times, Listing Expected Monday

**MUMBAI, January 9, 2025** – The initial public offering (IPO) of Standard Glass Lining Technologies, a manufacturer of engineering equipment for the pharmaceutical and chemical sectors, has been massively oversubscribed, closing at 183.18 times the number of shares on offer. The ₹410.05 crore IPO saw exceptionally high demand from Qualified Institutional Buyers (QIBs), who subscribed 331.60 times their allotted quota. Non-institutional investors (NIIs) followed closely, bidding 268.50 times their portion, while retail investors subscribed 64.99 times.

The company plans to use the IPO proceeds for capital expenditure, including purchasing machinery and equipment, debt repayment, investment in its subsidiary S2 Engineering Industry, strategic acquisitions, and general corporate purposes. The grey market premium (GMP) currently stands at ₹91, suggesting a potential listing price of ₹231 (based on the ₹140 price band), representing a potential 65% gain for investors.

Shares are scheduled to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Monday, January 13, 2025. Investors can check their allotment status on the BSE website or the Kfin Technologies website using their application number, PAN, or demat account number.

Standard Glass Lining Technologies, incorporated in 2012, is based in Hyderabad and offers turnkey solutions for pharmaceutical and chemical manufacturers, encompassing design, engineering, manufacturing, assembly, installation, and standard operating procedures. Their product portfolio includes reaction systems, storage, separation, and drying systems.

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