Standard Glass Lining Ipo Allotment How To Check Status Online On Nse, Bse, Kfin Technologies

Standard Glass Lining IPO allotment: How to check status online on NSE, BSE, Kfin Technologies, 09 Jan

Standard Glass Lining Technology IPO Allotment Finalization Today: Key Highlights

Standard Glass Lining Technology Limited (SGLTL), a leading provider of engineering equipment for India’s pharmaceutical and chemical industries, is set to finalize its IPO allotment today, January 9, 2025. With the IPO receiving an overwhelming response from investors, here’s everything you need to know, including details on subscription, business overview, and how to check the allotment status.


IPO Details: A ₹410.05 Crore Offering

The IPO, valued at ₹410.05 crores, opened for subscription from January 6 to January 8, 2025, comprising:

  • Fresh Issue: ₹210.00 crores (1.50 crore shares).
  • Offer for Sale (OFS): ₹200.05 crores (1.43 crore shares).

The shares will be listed on both the NSE and BSE, with the tentative listing date scheduled for Monday, January 13, 2025.


Standard Glass Lining IPO Subscription Status (Day 3)

The IPO received a phenomenal response, being oversubscribed 185.48 times by the close of bidding on January 8, 2025:

  • Retail Investors: Subscribed 65.71 times.
  • Qualified Institutional Buyers (QIBs): Subscribed 327.76 times.
  • Non-Institutional Investors (NIIs): Subscribed 275.21 times.
    • Large Bids (bNII): Subscribed 302.21 times.
    • Small Bids (sNII): Subscribed 221.21 times.

Standard Glass Lining Technology Limited

How to Check Standard Glass Lining IPO Allotment Status?

On BSE

  1. Visit the BSE IPO Allotment page.
  2. Select ‘Equity’ under the issue type.
  3. Choose ‘Standard Glass Lining’ from the company dropdown.
  4. Enter your application number or PAN.
  5. Clear the captcha and click ‘Search’.

On NSE

  1. Head to the NSE website and log in. (New users need to sign up.)
  2. Select ‘SGLTL’ under the symbol dropdown.
  3. Enter your application number and click ‘Get Data’.

On Kfin Technologies

  1. Go to Kfin Technologies’ official website.
  2. Select ‘Standard Glass Lining’ from the list of companies.
  3. Enter details based on Application Number, Demat Account, or PAN.
  4. Solve the captcha and click ‘Submit’ to view your status.

Business Overview: Standard Glass Lining Technology Limited

Founded in September 2012, Standard Glass Lining has cemented its reputation as a trusted manufacturer of engineering equipment for the pharmaceutical and chemical industries. The company’s comprehensive offerings include:

  • Reaction Systems
  • Storage, Separation, and Drying Systems
  • Plant Engineering Services

Specialization:

  • Glass-lined, stainless steel, and nickel alloy equipment.

Clientele:
Prominent customers include Aurobindo Pharma, Cadila Pharmaceuticals, Laurus Labs, Granules India, and Piramal Pharma.


Utilization of IPO Proceeds

The company plans to allocate the funds from the IPO as follows:

  1. Capital Expenditures: Acquiring advanced machinery and equipment.
  2. Debt Repayment: Addressing borrowings for both the company and its subsidiary, S2 Engineering Industry Private Limited.

Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Standard Glass Lining stands at ₹91 per share today, indicating strong investor sentiment. This means the shares are trading ₹91 above the issue price in the grey market.

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