Standard Glass Lining IPO - Day 3 Subscription at 52.32 Times

Standard Glass Lining's initial public offering (IPO) has received exceptional investor interest over the three-day period. The IPO witnessed remarkable growth in demand, with subscription rates progressing from 13.67 times on day one, to 35.54 times on day two, and reaching an impressive 52.32 times by 11:29 AM on the final day.
 

Standard Glass Lining IPO, which opened on 6th January 2025, has seen outstanding participation across categories. The Non-Institutional Investors have shown extraordinary interest, reaching 134.77 times subscription, with large NIIs achieving 140.87 times and small NIIs reaching 122.55 times. The Retail Investors achieved strong subscription at 44.18 times, while the QIB portion stands at 4.72 times.

Standard Glass Lining IPO’s robust response comes amid positive sentiment in the Indian stock market, particularly towards companies in the specialized engineering equipment manufacturing sector.
 

Subscription Status of Standard Glass Lining IPO:

*As of 11:49 AM

Here are the subscription details for Standard Glass Lining IPO as of Day 3 (8th January 2025, 11:29 AM):

Total Applications: 17,08,506

Note:
 

"Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
The portions of anchor investors and market maker are not included in the total shares offered.

Key Highlights - Day 3:

• Overall subscription reached exceptional 52.32 times on the final day
• Non-Institutional Investors showing remarkable response at 134.77 times
• Large NII segment achieved outstanding 140.87 times subscription
• Small NII segment reached impressive 122.55 times
• Retail investors demonstrating strong interest at 44.18 times
• QIB portion improved to 4.72 times
• Total bids worth ₹15,016.31 crores received
• Applications reached 35,08,173 showing massive interest
• Final day demonstrating tremendous investor confidence

Standard Glass Lining IPO - Day 2 Subscription at 35.54 Times

Key Highlights:

• Overall subscription surged to 35.54 times
• Non-institutional investors reached strong 80.38 times
• Large NII segment achieved 78.51 times subscription
• Small NII segment crossed 84.14 times
• Retail investors improved to 33.97 times
• QIB portion grew to 4.63 times
• Market response showing accelerated momentum
• Day two witnessed substantial growth
• All categories demonstrating significant improvement

Standard Glass Lining IPO - Day 1 Subscription at 13.67 Times

Key Highlights:

• Overall subscription opened strong at 13.67 times
• Non-institutional investors began well at 26.21 times
• Small NII segment reached 31.15 times subscription
• Large NII segment achieved 23.81 times
• Retail investors showed good interest at 15.08 times
• QIB portion started steady at 1.82 times
• Opening day demonstrated robust response
• Market confidence evident across categories
• Strong initial momentum across segments

About Standard Glass Lining Technology Limited 

Incorporated in September 2012, Standard Glass Lining Technology Limited has established itself as a leading manufacturer of specialized 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 for pharmaceutical and chemical manufacturers.

Operating through eight manufacturing units in Hyderabad, Telangana, the company maintains a strong pan-India presence with sales offices in strategic locations including Vadodara, Ankleshwar, Mumbai, and Vishakhapatnam. Their product portfolio encompasses Reaction Systems, Storage, Separation and Drying Systems, and Plant Engineering

Services, with specialized capabilities in glass-lined materials, stainless steel, and nickel alloy manufacturing.
As of September 30, 2024, the company employs 460 full-time employees and 731 contract laborers. Their financial performance demonstrates steady growth with revenue increasing by 10% and profit after tax rising by 12% between FY2023 and FY2024. For FY2024, the company reported revenue of ₹549.68 crores with a PAT of ₹60.01 crores.

Their competitive strengths lie in their specialized engineering capabilities, customized and innovative product range, strategically located manufacturing facilities, long-term relationships with marquee clients, and consistent track record of profitable growth.

Highlights of the Standard Glass Lining IPO

• IPO type: Book Built Issue
• IPO size: ₹410.05 crores
• Fresh Issue: ₹210.00 crores
• Offer for Sale: ₹200.05 crores
• Face value: ₹10 per share
• Price band: ₹133 to ₹140 per share
• Lot size: 107 shares
• Minimum investment for retail investors: ₹14,980
• Minimum investment for sNII: ₹2,09,720 (14 lots)
• Minimum investment for bNII: ₹10,03,660 (67 lots)
• Listing at: NSE, BSE
• IPO opens: 6th January 2025
• IPO closes: 8th January 2025
• Allotment date: 9th January 2025
• Refund initiation: 10th January 2025
• Credit of shares: 10th January 2025
• Listing date: 13th January 2025
• Lead Managers: IIFL Securities Ltd, Motilal Oswal Investment Advisors Limited
• Registrar: Kfin Technologies Limited