Standard Glass Lining IPO Live Updates: The ₹410.05 crore-worth Standard Glass Lining IPO comprises a fresh issuance of equity shares worth ₹210 crore and an offer-for-sale (OFS) of up to 1.43 crore equity shares by its promoters and other selling stakeholders.
Standard Glass Lining IPO Live Updates: The initial public offering (IPO) of Standard Glass Lining Technology Ltd closed for subscription on Wednesday, January 8. The bidding for the IPO had commenced on Monday, January 6. The ₹410.05 crore-worth Standard Glass Lining IPO comprises a fresh issuance of equity shares worth ₹210 crore and an offer-for-sale (OFS) of up to 1.43 crore equity shares by its promoters and other selling stakeholders. Standard Glass Lining IPO price band has been set at ₹133 to ₹140 per share. The equity shares of Standard Glass Lining Technology will be listed on BSE and NSE.
09 Jan 2025, 08:01:13 AM IST
Standard Glass Lining IPO Live: Standard Glass Lining IPO allotment date in focus as bidding ends
Standard Glass Lining IPO Live: Standard Glass Lining IPO allotment date will be in focus as the bidding period of the issue has ended. Standard Glass Lining IPO received a massive 182.57 times subscription at the end of the third and final day of the bidding process on January 8. The QIB category was booked 331.60 times, the NII category 267.99 times and the retail category 63.99 times.
Standard Glass Lining IPO Live: GMP falls to ₹91 after final day of bidding.
Standard Glass Lining IPO Live: As of January 8, the grey market premium (GMP) for Standard Glass Lining’s public issue stands at ₹91 per share.
With the upper price band of the issue at ₹140, the shares are estimated to be listed at ₹231, a premium of 65%, according to data collected from Investorgain.com.
Grey market premium (GMP) is investors’ willingness to pay more for a public issue. The GMP fell to the current level of ₹91, compared to ₹96 on January 7 after the second day.
Standard Glass Lining IPO Live: Issue subscribed 182.57 times at the end of Day 3
Standard Glass Lining IPO was booked 182.57 times at the end of the third and final day of the bidding process. The QIB category was booked 331.60 times, the NII category 267.99 times and the retail category 63.99 times.
Standard Glass Lining IPO Live: Financial snapshot
SGLTL’s revenue grew from ₹240.2 cr in FY22 to ₹543.7 cr in FY24 (CAGR 50.5%), while PAT rose from ₹25.1 cr to ₹60.0 cr (CAGR 55%), aided by its strategic partnerships and inorganic acquisitions.
SGLTL has an average EBITDA margin of 17.2% and PAT margin of 10.7%, with an RoE of 28.5% in the FY22-24 period, indicating strong financial stability. As of September 30, 2024, the company’s net debt-to-equity ratio stood at 0.3x.