Subscriptions for the Standard Glass Lining IPO will begin on January 6 and end on January 8. Today's Standard Glass Lining IPO GMP is displaying a bullish trend ahead of the issue opening.
Standard Glass Lining IPO: In order to obtain money from primary markets, Standard Glass Lining Technology Ltd., a maker of technical equipment, is scheduled to make its initial public offering (IPO) on Dalal Street next week.Subscriptions for the Standard Glass Lining IPO will begin on January 6 and end on January 8. On January 13, the company's shares are probably going to be launched on the BSE and NSE stock exchanges.
By combining a new issue of 1.50 crore equity shares valued at ₹210 crore with an offer-for-sale (OFS) of 1.43 crore shares, totaling ₹200.05 crore, the business hopes to raise ₹410.05 crore through the book-built issue.
The typical Glass Lining IPO lot size is 107 shares, and the price range is set at ₹133 to ₹140 per share.
The Standard Glass Lining IPO's book running lead managers are IIFL Securities and Motilal Oswal Investment Advisors, while the IPO registrar is Kfin Technologies.
The unlisted market's trends for Standard Glass Lining shares are positive ahead of the issue launch, with a high grey market premium (GMP). Check out what today's Standard Glass Lining IPO GMP indicates.
IPO GMP for Standard Glass Lining Today
According to stock market watchers, the Standard Glass Lining IPO GMP is currently ₹86 per share. This shows that Standard Glass Lining shares are trading 86 naira more than their issue price on the grey market.
The company is currently trading at ₹226 per share on the gray market, which is 61.43% higher than the IPO price of ₹140 per share, according to the most recent Standard Glass Lining IPO GMP.
Typical Glass Lining IPO Goals
The net issue proceeds will be used by Standard Glass Lining to finance capital expenditures for the acquisition of machinery and equipment, the repayment or early repayment of some outstanding debts, investments in the company's wholly owned material subsidiary, S2 Engineering Industry Private Limited, and funding inorganic growth through strategic investments and/or acquisitions and for general corporate purposes.
Concerning Common Glass Lining Technology
Engineering equipment for the chemical and pharmaceutical industries is produced by Standard Glass Lining Technology. For producers of chemicals and pharmaceuticals, it offers turnkey solutions that include design, engineering, production, assembly, installation, and standard operating procedures.
Reaction systems, storage, separation, and drying systems are among the products offered by the company.
Standard Glass Lining Technology's net profit for FY24 climbed by 12% YoY to ₹60.01 crore, while its revenue increased by 10% YoY to ₹549.68 crore. The business reported a net profit of ₹36.27 crore for the six months ending September 2024, on ₹312.1 crore in revenue.
Engineering equipment for the chemical and pharmaceutical industries is produced by Standard Glass Lining Technology. For producers of chemicals and pharmaceuticals, it offers turnkey solutions that include design, engineering, production, assembly, installation, and standard operating procedures.
Reaction systems, storage, separation, and drying systems are among the products offered by the company.
Standard Glass Lining Technology's net profit for FY24 climbed by 12% YoY to ₹60.01 crore, while its revenue increased by 10% YoY to ₹549.68 crore. The business reported a net profit of ₹36.27 crore for the six months ending September 2024, on ₹312.1 crore in revenue.
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