The much-anticipated Standard Glass Lining Technology IPO is making its debut on the stock market today, January 13, 2025. Following an overwhelming subscription, this ₹410.05 crore IPO has garnered attention from retail and institutional investors alike. With shares set to be listed on the BSE and NSE, analysts predict a robust opening, driven by bullish trends in the grey market premium (GMP) and investor sentiment.
Key Highlights of Standard Glass Lining IPO Listing
- Listing Date: January 13, 2025
- Stock Exchanges: BSE and NSE
- IPO Size: ₹410.05 crore
- Issue Price Band: ₹133 – ₹140 per share
- GMP Today: ₹50 per share, indicating a 35.71% premium over the issue price.
- Estimated Listing Price: ₹190 per share
Strong GMP Signals Positive Debut
According to market observers, the grey market premium (GMP) for Standard Glass Lining Technology shares stands at ₹50 per share today. This premium suggests that the shares could be listed at an estimated price of ₹190 per share, translating to a 35.71% premium to the issue price of ₹140.
Analysts attribute this optimism to the company’s solid business model and its position in the specialized engineering equipment sector, catering to high-growth industries like pharmaceuticals and chemicals.
Expert Analysis: What Do Analysts Say?
Prathamesh Masdekar, a Research Analyst at StoxBox, notes that the IPO was oversubscribed 185.48 times, reflecting significant investor demand.
- QIB (Qualified Institutional Buyers): Subscribed 331.60 times
- NII (Non-Institutional Investors): Subscribed 267.99 times
- Retail Investors: Subscribed 63.99 times
Masdekar predicts a 64% premium over the upper price band, emphasizing the company’s unique position in the market. He adds:
“Standard Glass Lining Technology is one of the few companies in India offering end-to-end customized solutions in specialized engineering equipment for pharma and chemical sectors. With plans to increase export revenue from 0.5% to 20% by 2026, the company shows strong growth potential.”
Company Overview and IPO Details
Standard Glass Lining Technology specializes in engineering equipment for the pharmaceutical and chemical industries, offering customized solutions across the value chain.
IPO Composition
- Fresh Equity Issue: ₹210 crore
- Offer-for-Sale (OFS): 1.43 crore shares by promoters and stakeholders
Investor Outlook: Hold or Sell?
For investors allotted shares, analysts suggest a hold strategy for medium to long-term gains, citing the company’s ambitious export revenue targets and sectoral growth.
Standard Glass Lining IPO: Important Dates
| Event | Date |
|---|---|
| IPO Opening | January 6, 2025 |
| IPO Closing | January 9, 2025 |
| Listing Date | January 13, 2025 |
| Trading Start Time | 10:00 AM |
Conclusion
The Standard Glass Lining IPO listing marks a significant milestone for the company and investors. With strong fundamentals, a growing market, and bullish GMP trends, this IPO could pave the way for substantial gains in the short and long term.
Disclaimer: The predictions and analyses provided are based on expert insights and market trends. Investors are advised to consult certified financial advisors before making investment decisions.
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