Standard Glass Lining Debuts In Stock Market At 26 Per Cent Premium, Check Share Price

The company’s IPO opened for subscription on January 6, 2025 and closed for the public on January 8, 2025. The maiden issue was priced in the range of Rs 133 to Rs 140 per share.

The earlier grey market estimates reflected a premium of 67.14 per cent against the issue price for the IPO. 

Source : CFI

Standard Glass Lining Technology debuted in the stock market on Monday, January 13, 2025. The shares of the pharmaceutical and chemical engineering equipment maker began trading at a modest premium of 25.7 per cent against the issue price.

On the BSE, the firm’s shares listed at Rs 176 apiece, reflecting a premium of Rs 36 in comparison to the issue price of Rs 140. Meanwhile, on the NSE, the company’s stock market journey started at Rs 172 per share, registering a premium of Rs 32 or 22.8 per cent against the issue price.

The company’s initial public offering (IPO) opened for subscription on January 6, 2025 and closed for the public on January 8, 2025. The maiden issue was priced in the range of Rs 133 to Rs 140 per share.

The firm collected Rs 123.02 crore from the anchor investors prior to the issue. The IPO was made up of a fresh issue of equity shares worth Rs 210 crore and an offer-for-sale (OFS) of around 1.42 crore shares coming up to Rs 200.05 crore.

Investors placed bids for the issue in a minimum of 107 shares and in multiples of thereafter. Motilal Oswal Investment Advisors and IIFL Securities acted as the lead managers for the listing, while KFin Technologies was the official registrar for the IPO. 

Standard Glass Lining Share Price

Around 1:50 PM, the company's shares traded at Rs 167.20 apiece on the BSE, while on the NSE, the stock touched Rs 166.98 per share.

 

In comparison to the predictions of the grey market, the listing failed to impress the market. The earlier grey market estimates reflected a premium of 67.14 per cent against the issue price for the IPO. 

The grey market premium indicates a bumper listing ahead for the stock and the optimism expressed by investors towards the company’s debut. The grey market runs parallel to the official stock market and allows traders to place bets on an issue ahead of its official debut on the stock exchanges.