Standard Glass Lining Technology came to market through an IPO that opened on 6 January 2025 and closed on 8 January 2025, and the shares listed on 13 January 2025 on BSE, NSE. The price band was ₹133 to ₹140 per share and one lot was 107 shares, so the minimum application was ₹14,980. The issue size was ₹-.
Kfin Technologies Limited was the registrar to the issue, and Iifl Securities Ltd, Motilal Oswal Investment Advisors Limited were the lead managers.
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Established in 2012, Standard Glass Lining Technology Limited is an India-based company that deals with the production of special engineering equipment for pharmaceutical and chemical industries. It provides a turnkey solution, involving design, engineering, manufacturing, assembly, and installation, for the entire manufacturing value chain. They encompass, reaction systems, storage and separation systems, and dryings systems, made from a glass-lined material, and nickel alloys, stainless steel.
The company has the most advanced manufacturing units which are eight in number spread over Hyderabad and a very effective sales network all across India, thus ensuring adequate service and delivery. Operating with marquee clients as Aurobindo Pharma, Laurus Labs and Cadila Pharmaceuticals, amongst others, the company also offers customized solutions, advance technology, and a healthy growth record. Choose Standard Glass Lining for innovative and reliable solutions in the pharmaceutical and chemical sectors.
As described in the offer document.
| Metric | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
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Standard Glass Lining raises Rs 123 crore from anchor investors. Clarus Capital, ICICI Prudential Mutual Fund, Tata Mutual Fund, Motilal Oswal Mutual Fund, 3P India Equity Fund, ITI Mutual Fund, and Massachusetts Institute of Technology are other investors in the company via anchor investment. Ace investor Akash Prakash-owned Amansa Holdings is the largest buyer among institutional investors, buying 25 lakh shares worth Rs 35 crore.
Kotak Asset Management Company picked more than 14 lakh shares worth more than Rs 20 crore, being the second largest buyer.
Engineering Services. Promoter holding 72.49% before the issue.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Standard Glass Lining Technology IPO was a ₹210 crore book-built issue. It was priced at ₹133–₹140 per share with a lot size of 107 shares (₹14,980). The IPO was open from January 6 to January 8, 2025. Shares listed on BSE and NSE on January 13, 2025 at ₹172, a 22.9% premium to the issue price of ₹140. Kfin Technologies Limited is the registrar. Iifl Securities Ltd and Motilal Oswal Investment Advisors Limited are the book running lead managers.
The price band of Standard Glass Lining Technology IPO is ₹133 to ₹140 per share.
The lot size of Standard Glass Lining Technology IPO is 107 shares.
The minimum investment for Standard Glass Lining Technology IPO is approximately ₹14,980 based on the upper price band.
The allotment date of Standard Glass Lining Technology IPO is Jan 9, 2025.
Standard Glass Lining Technology IPO's final recorded GMP before listing was ₹46 per share (a 33% premium over the ₹140 upper price band). The shares listed at ₹172. GMP is unofficial and does not forecast or guarantee the actual listing price.
Standard Glass Lining Technology IPO listed on Jan 13, 2025. It was issued at ₹172.0(NSE) and is currently around ₹137.00 as on 16-Jan-2026 3:30 PM, which is approximately -2.1% versus issue price. The 52-week high is ₹213.80.
You can check Standard Glass Lining Technology IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Standard Glass Lining Technology IPO allotment status on Rupix for quick and easy access.
₹133 to ₹140 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 107 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,980.
₹14,980, for one lot of 107 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 6 January 2025 and closed on 8 January 2025.
The basis of allotment was published on 9 January 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 13 January 2025 on BSE, NSE.
The issue size was ₹-.