Alice Blue Home
URL copied to clipboard

Trending News

Standard Glass Lining Technology : Standard Glass Lining Technology shares get listed at 22.8% premium!

Standard Glass Lining Technology's IPO launched strongly on the NSE with an opening price of ₹172, a 22.8% premium over the issue price of ₹140, indicating strong investor confidence
Standard Glass Lining Technology debuted at ₹172 on BSE, with a 22.8% premium IPO.
Standard Glass Lining Technology debuted at ₹172 on BSE, with a 22.8% premium IPO.

Standard Glass Lining Technology marked a strong start in its IPO on the NSE, debuting at ₹172 on Monday, January 13. This opening price is a 22.8% increase over the set issue price of ₹140, showcasing robust market confidence in the company.

Alice Blue Image

Standard Glass Lining Technology IPO received a robust Day 3 response with Qualified Institutional Buyers subscribing 331.60 times, Non-Institutional Investors at 268.50 times, and Retail Individual Investors at 64.99 times, culminating in an overall subscription of 183.18 times.

Also Read: Stocks in which SBI Group bought fresh stake in Q3 to look out for

Standard Glass Lining Technology Limited founded in September 2012, caters to the pharmaceutical and chemical industries in India, providing in-house turnkey solutions from design to installation. They manufacture diverse equipment like reaction and storage systems, and drying equipment, using materials such as glass-lined, stainless steel, and nickel alloy.

Alice Blue Image

Also Read: Auto ancillary stocks with high piotroski score of 9 to keep a watch on

Standard Glass Lining Technology plans to use IPO funds for machinery purchases (INR 10 crores), debt repayment (INR 60 crores), investing INR 70 crores in its subsidiary S2 Engineering, INR 20 crores for strategic acquisitions, and the rest for general corporate purposes.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

Loading
Submit the form, and get to know how you scored!!!
Read More News