New Delhi, January 07, 2025: The Initial Public Offering of Standard Glass Lining Technology Limited was subscribed 34.85 times on the second day of bidding.
The issue received bids of 72,58,72,378 shares against the offered 2,08,29,567 equity shares, at a price band of ₹133-140, according to the data available on the stock exchanges.
Non-Institutional Investors Portion and Retail Portion were subscribed 78.17 times and 32.87 times respectively, whereas Qualified Institutional Buyer Portion was subscribed 4.69 times. The issue kicked off for subscription on Monday, January 6, 2025, and will close on Wednesday, January 8, 2025.
IIFL Capital Services Limited, and Motilal Oswal Investment Advisors Limited are the book running lead managers and KFin Technologies Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.
Company Information
Standard Glass Lining Technology’s capabilities include designing, engineering, manufacturing, assembly, installation, and commissioning solutions and establishing standard operating procedures for pharmaceutical and chemical manufacturers on a turnkey basis. Its portfolio comprises core equipment used in the manufacturing of pharmaceutical and chemical products, which can be categorized into: Reaction Systems; Storage, Separation, and Drying Systems; and Plant, Engineering, and Services (including other ancillary parts).
The table below shows subscription data for all the categories of investors:
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Corporate Comm India (CCI Newswire)
