On Monday, the IPO for Standard Glass Lining Technology will begin: Among the ten essential items to know are GMP, review, and other specifics.

On Monday, January 6, Standard Glass Lining's IPO is set to go up for public bidding. The IPO combines an offer-for-sale with a new issue.

The IPO of Standard Glass Lining Technology Limited is scheduled to begin public bidding on Monday, January 6, and end on Wednesday, January 8. In India, the firm produces engineering equipment for the chemical and pharmaceutical industries.

The grey market premium (GMP) for Standard Glass Lining Technology's first public offering (IPO) was ₹88 per share as of January 4. According to data gathered from Investorgain.com, the shares are anticipated to be listed for ₹228, a premium of 62.86 percent, with the top price band for the public offering set at ₹140.

Investors' willingness to pay more for the public offering is indicated by the grey market premium.

Ten important things to know about Standard Glass Lining Technology's IPO

Date of Standard Glass Lining Technology IPO:

On Monday, January 6, subscriptions for the public offering will go live, and on Wednesday, January 8, it will conclude.

Standard Glass Lining Technology IPO Structure:

The Hyderabad-based company wants to raise RS 410.05 crore through the book-built issue, which consists of an offer-for-sale (OFS) of 1.43 crore shares and a new issue of 1.50 crore equity shares valued at ₹210 crore, totaling ₹200.05 crore.

Standard Glass Lining Technology IPO Price Band: 

With a face value of ₹10 per share, the business has set the price range for the public offering at ₹133 to ₹140 per share.

Lot Size for Standard Glass Lining Technology's Initial Public Offering (IPO): The officer includes 107 equity shares and their multiples.

Anchor Round for Standard Glass Lining Technology: 

On Friday, January 3, the public issue's anchor round took place. Prior to going public, the company raised ₹123.01 crore from anchor investors.

The goal of Standard Glass Lining Technology's initial public offering (IPO) is to raise up to ₹10 crore to cover the company's capital expenditure needs for the acquisition of machinery and equipment.A maximum of ₹130 crore will be utilized to fully or partially discharge or prepay some outstanding debts. Additionally, the money will be utilized to fully or partially settle or prepay all or a portion of the loans that S2 Engineering Industry Private Limited has taken out.

In order to finance the capital expenditures needed to buy machinery and equipment, the business also plans to invest ₹30 crore in S2 Engineering Industry Private Limited and its fully owned Material Subsidiary.

Additionally, ₹20 crore will be utilized for strategic acquisitions and/or investments to finance inorganic growth, with the remaining monies going toward general corporate uses.

Standard Glass Lining Technology IPO Reservation:

According to RHP data, the company has set aside up to 50% of the public offering for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs), and at least 25% for regular investors.

Standard Glass Lining Technology IPO Managers:

Kfin Technologies is the offer registrar, and IIFL Securities and Motilal Oswal Investment Advisors are the bookrunners for the public offering.

Standard Glass Lining Technology IPO Business: 

The company sells storage, separation, drying, and reaction systems, among other items. These are in addition to offering pharmaceutical and chemical businesses design, engineering, production, assembly, installation, and standard operating procedures as solutions.

Standard Glass Lining Technology IPO Financials: 

In the fiscal year 2023–2024, the company's revenues increased by 10% year over year to ₹549.68 crore, while its profits increased by 12% to ₹60.01 crore over the same year.