Fri Jan 10 05:44:46 UTC 2025: ## Standard Glass Lining Tech IPO Oversubscribed 183 Times, Allotment Expected Today

**Mumbai, January 9** – Standard Glass Lining Technology Ltd.’s initial public offering (IPO) concluded yesterday with overwhelming investor response, exceeding expectations by a significant margin. The IPO, open from January 6th to 8th, was subscribed a staggering 183.18 times. Allotment of shares is expected today, January 9th, with listing on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) anticipated for January 13th.

The company raised ₹410.05 crore through a combination of fresh issue and offer for sale. The IPO price band was ₹133-₹140 per share. Strong demand was seen across all investor categories, with retail investors subscribing 64.99 times, non-institutional investors 268.50 times, and qualified institutional buyers 331.60 times.

Investors can check their allotment status online through the BSE website (https://www.bseindia.com/investors/appli_check.aspx), the NSE website, or the registrar’s website (https://kosmic.kfintech.com/ipostatus/). Kfin Technologies is the registrar for the IPO.

The grey market premium (GMP) for Standard Glass Lining Technology shares currently stands at ₹91, suggesting a potential listing price of ₹231, a 65% premium over the issue price. However, investors are cautioned to exercise prudence and consult with financial advisors before making investment decisions. IIFL Securities and Motilal Oswal Investment Advisors served as book running lead managers for the IPO.

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