Standard Glass Lining IPO Allotment Status

Summary

Standard Glass Lining Technology Limited specializes in manufacturing engineering equipment for the pharmaceutical and chemical sectors in India. The company provides comprehensive turnkey solutions, including design, engineering, manufacturing, assembly, installation, and standard operating procedures. With eight manufacturing units in Hyderabad, Telangana, they produce specialized engineering equipment using glass-lined materials, stainless steel, and nickel alloy, serving major pharmaceutical and chemical companies across India.

The company has launched its IPO with a total issue size of ₹410.05 crore. It comprises a fresh issue of 1.50 crore shares worth ₹210.00 crore and an offer for sale of 1.43 crore shares aggregating to ₹200.05 crore. The IPO opened on January 6, 2025, and closed on January 8, 2025. The Standard Glass IPO allotment date is set for Thursday, January 9, 2025.

Steps to Check Standard Glass Lining IPO Allotment Status on Registrar Site

• Visit Kfin Technologies Limited website.
• Select "Standard Glass Lining IPO" from the dropdown menu.
• Enter your PAN ID, Demat Account Number, or Application Number.
• Complete the captcha verification and click "Submit."

Steps to Check Standard Glass Lining IPO Allotment Status on NSE/BSE

• Visit the BSE or NSE IPO Allotment Page.
• Select "Standard Glass Lining IPO" from the dropdown menu.
• Enter your Application Number and PAN ID.
• Confirm captcha and click "Search."

Standard Glass Lining Subscription Status

The Standard Glass Lining IPO received strong investor interest, being subscribed 185.48 times overall. Here is a category-wise breakdown of the subscription as of 6:19:08 PM on January 8, 2025:

• Retail Category: 65.71 times
• Qualified Institutional Buyers (QIB): 327.76 times
• Non-Institutional Investors (NII): 275.21 times

           a. Large NII (> ₹10L): 302.21 times
           b. Small NII (< ₹10L): 221.21 times

As of 6:19:08 PM

Utilisation of IPO Proceeds

The funds raised through the IPO will be utilised as follows:

• Capital Expenditure: Funding requirements for machinery and equipment purchase.
• Debt Reduction: Repayment or prepayment of outstanding borrowings for both the company and its subsidiary, S2 Engineering Industry Private Limited.
• Subsidiary Investment: Funding subsidiary's capital expenditure for machinery and equipment.
• Strategic Growth: Funding inorganic growth through strategic investments and acquisitions.
• General Corporate Purposes: Supporting various business objectives.

Standard Glass Lining IPO - Listing Details

The shares are scheduled to list on January 13, 2025, on both NSE and BSE. The strong subscription rate of 185.48 times demonstrates significant investor confidence in Standard Glass Lining's business model and growth prospects. The funds raised will support the company's expansion plans and operational needs, positioning it for future growth. Investors can check their allotment status through the registrar's website or NSE/BSE on January 9, 2025. The shares are set to debut on January 13, 2025, marking an important milestone for the company.