Thu Jan 09 23:54:15 UTC 2025: ## Standard Glass Lining IPO Overwhelmingly Oversubscribed

**Chandigarh, January 9, 2025** – The Standard Glass Lining Technology Limited Initial Public Offering (IPO) concluded today with an unprecedented level of oversubscription. The IPO, which offered 1.43 crore shares for sale, received bids for a staggering 381,56,56,808 shares – 18 times the number of shares available. This translates to a total subscription value of ₹410.05 crore.

Demand was exceptionally strong across all investor categories. Qualified Institutional Buyers (QIBs) subscribed 331.60 times, Non-Institutional Investors (NIIs) 268.50 times, and Retail Individual Investors (RIIs) 64.99 times.

Investors can check their allotment status through the KFin Technologies website, the NSE bid verification portal, or the BSE IPO allotment page using their Client ID/Application Number and PAN.

Standard Glass Lining shares are scheduled to debut on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on January 13, 2025, at 10:00 AM. The IPO price band was ₹133-₹140 per share, with a lot size of 107 shares. The company projects revenues of ₹543.67 crore and profits of ₹60.01 crore for FY24. Proceeds from the IPO will be used for debt repayment (₹130 crore), strategic acquisitions (₹20 crore), machinery purchases (₹10 crore), and investment in its subsidiary (₹30 crore).

Read More