Standard Glass Lining IPO Anchor Allocation at 30%

Standard Glass Lining IPO received a robust anchor allocation response, with 30.00% of the total IPO size subscribed by anchor investors. Out of the 29,289,367 shares on offer, anchor investors were allocated 8,786,809 shares, indicating strong market confidence. The anchor allocation details were finalised on January 3, 2025, just ahead of the IPO opening on January 6, 2025.

The book-built issue of ₹410.05 crores comprises a fresh issue of 1.50 crore shares aggregating to ₹210.00 crores and an offer for sale of 1.43 crore shares aggregating to ₹200.05 crores. The price band is set at ₹133 to ₹140 per share, with a face value of ₹10 per share. This includes a share premium of ₹130 per share at the upper end of the price band.

The anchor allocation process, which took place on January 3, 2025, saw significant participation from institutional investors. The entire anchor allocation was made at the upper end of the price band, ₹140 per share, reflecting strong demand and confidence in the company’s growth potential.

After the anchor allocation, the overall allocation of the IPO looks as follows:

The lock-in period for anchor investors is a critical aspect of the allocation. For Standard Glass Lining IPO, the lock-in details are as follows:

• Lock-in Period (50% Shares): February 8, 2025
• Lock-in Period (Remaining Shares): April 9, 2025

This lock-in period ensures that anchor investors maintain their investments for a specified duration, contributing to stock price stability post-listing.
 

Anchor Investors in Standard Glass Lining IPO

Anchor investors, typically large institutional investors, are allotted shares in an IPO before it opens to the public. The anchor allocation process plays a pivotal role in price discovery and instilling confidence among retail investors. The strong response from anchor investors often sets a positive tone for the public issue and influences the overall subscription levels.

On January 3, 2025, Standard Glass Lining IPO completed the bidding for its anchor allocation. A total of 8,786,809 shares were allotted to anchor investors at the upper IPO price band of ₹140 per share, resulting in an overall anchor allocation of ₹123.02 crore. This represents 30.00% of the total issue size of ₹410.05 crore, indicating robust institutional demand.

Standard Glass Lining IPO Key Details:

• IPO Size: ₹410.05 crores
• Shares Allocated to Anchors: 3,630,000
• Anchor Subscription Percentage: 30.00%
• Listing Date: January 13, 2025
• IPO Opening Date: January 6, 2025

About Standard Glass Lining Technology Limited 

Incorporated in September 2012, Standard Glass Lining Technology Limited is a manufacturer of engineering equipment for the pharmaceutical and chemical sectors in India. The company provides turnkey solutions, including design, engineering, manufacturing, assembly, installation, and standard operating procedures for pharmaceutical and chemical manufacturers. With eight manufacturing units situated in Hyderabad, Telangana, the company has established itself as a specialised engineering equipment manufacturer with a strong focus on innovation and customer satisfaction.