Standard Glass Lining Technology IPO Day 3: GMP, Live Updates: Key Highlights, Subscription Status, and Insights

Standard Glass Lining IPO: Subscription Details

08-Jan-2025 11:18:00

Standard Glass Lining IPO is offering a total of 2,92,89,367 shares. 

Of these, 

• 58,57,875 shares (20%) are reserved for qualified institutional investors, 
• 43,93,405 shares (15%) for non-institutional investors, 
• 1,02,51,278 shares (35%) for retail investors, and
• 87,86,809 shares (30%) to Anchor investors.

As of the IPO’s third day, the IPO was subscribed the most by institutional investors, i.e., 128.70 times, followed by Retail Investors at 42.53x and Qualified Institutional Buyers at 4.77x. 

Standard Glass Lining IPO: Price Band and Lot Size

The price band is set between Rs 133 to Rs 140 per share.

Retail investors can apply for a minimum of 1 lot with a minimum investment of Rs 14,980, which includes 107 shares. For sNII (small non-institutional investors), the minimum application size is 14 lots (1,498 shares), amounting to Rs 2,09,720. The minimum investment for bNII (big non-institutional investors) is 67 lots (7,169 shares), totalling Rs 10,03,660.

About Standard Glass Lining

Standard Glass Lining is one of India's top five specialised engineering equipment manufacturers for the pharmaceutical and chemical industries, based on revenue in Fiscal Year 2024.
With in-house capabilities across the entire value chain, it offers services including design, engineering, manufacturing, assembly, and installation. Additionally, the company provides commissioning solutions and develops standard operating procedures for pharmaceutical and chemical manufacturers, delivering complete turnkey solutions.

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