Standard Glass Lining IPO Allotment Status: Check Allotment Status Online on BSE, NSE & Kfin Technologies

How to check the Allotment Status of Standard Glass Lining IPO online? 

Steps to Check Allotment Status of Standard Glass Lining on BSE

1. Head to the IPO allotment page on the BSE website here.
2. Click on 'Equity' under the Issue Type dropdown menu. 
3. Select 'Standard Glass Lining' under the company name. 
4. Enter your application number or PAN. 
5. Clear the 'Captcha' for verification purposes. 
6. Select the 'Search' option to view your allotment status.

Steps to Check Allotment Status of Standard Glass Lining on NSE

1. Users can verify their IPO Allotment Status by visiting the NSE website here
2. Log in (New users need to sign up)
3. Select 'SGLTL’ from the dropdown of ‘Enter Symbol’.
4. Enter your application number. 
5. Click on Get data.

Steps to Check Allotment Status of Standard Glass Lining on Kfin Technologies

1. Log on to the official website of Kfin Technologies here
2. Select any one of the five server links displayed on the screen. 
3. Select ‘Standard Glass Lining’ from the list of companies. 
4. Select one option among Application Number, Demat account number or PAN. 
5. Enter details based on your selection.
6. Clear Captcha to proceed. 
7. Click Submit to check the allotment status.

Standard Glass Lining Business Overview

Founded in September 2012, Standard Glass Lining Technology Limited has established itself as a prominent provider of engineering equipment for India’s pharmaceutical and chemical sectors. The company delivers end-to-end turnkey solutions, encompassing design, engineering, manufacturing, assembly, installation, and operational support. Its diverse product portfolio includes reaction systems, storage, separation and drying systems, as well as plant engineering services. Specializing in equipment crafted from glass-lined materials, stainless steel, and nickel alloys, the company serves an impressive roster of clients, including industry leaders like Aurobindo Pharma, Cadila Pharmaceuticals, Laurus Labs, Granules India, and Piramal Pharma.

Standard Glass Lining IPO Day 3 Subscription Status 

(January 8, 2025 End of Day) 

The Standard Glass Lining IPO received an overwhelming response, being subscribed 185.48 times by the close of bidding on January 8, 2025 (Day 3). The public issue saw remarkable interest across categories, with retail investors subscribing 65.71 times, Qualified Institutional Buyers (QIBs) subscribing 327.76 times, and Non-Institutional Investors (NIIs) subscribing 275.21 times. Within the NII segment, bids above ₹10 lakh (bNII) were subscribed 302.21 times, while bids below ₹10 lakh (sNII) reached 221.21 times. 

Utilization of IPO Proceeds

The company intends to utilize the net proceeds from the issuance to support various strategic initiatives. A significant portion will be directed toward capital expenditures for acquiring new machinery and equipment. Additionally, the funds will be used to repay or prepay existing borrowings, benefiting both the company and its wholly owned subsidiary, S2 Engineering Industry Private Limited.

Grey Market Premium (GMP)

As per Livemint, the Grey Market Premium (GMP) for Standard Glass Lining IPO stands at ₹91 per share today. This suggests that Standard Glass Lining Technology shares are trading ₹91 above their issue price in the grey market.

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade or deal in the grey market nor do we recommend or endorse trading in the grey market.