The Standard Glass Lining IPO has captured the attention of investors nationwide. With its strong growth potential and strategic market positioning, this IPO offers an excellent opportunity to become part of a promising business. Below, we provide detailed information about the IPO date, review, price, allotment details, and other relevant factors such as IPO GMP, GMP on IPO, upcoming IPO, and the latest GMP trends. Dive into the details to make an informed investment decision.
About Standard Glass Lining Limited
Standard Glass Lining Limited is a well-established name in the manufacturing sector, specializing in glass-lined equipment for chemical and pharmaceutical industries. With decades of experience and a reputation for quality, the company caters to both domestic and international markets. Its innovative designs, coupled with stringent quality control measures, make it a preferred choice among industry leaders.
Key Details of the Standard Glass Lining IPO
IPO Date
The Standard Glass Lining IPO is scheduled to open for subscription on January 6, 2025, and will close on January 8, 2025. The allocation process will commence shortly after the closure, ensuring a swift allotment process for retail and institutional investors alike.
IPO Price and Lot Size
- Price Band: The IPO price band has been set between ₹133 to ₹140 Per Share.
- Lot Size: Investors can bid for a minimum of 107 Share.
- Issue Size: The total issue size is expected to raise Approx ₹ 410.05 Crores, divided into fresh issues and an offer-for-sale (OFS) component.
Registrar and Lead Managers
The IPO is managed by prominent investment banks, ensuring a smooth process from start to finish. The registrar for the issue is KFin Technologies Limited, responsible for allotment and refunds.
Market Sentiment and IPO GMP
IPO GMP (Grey Market Premium)
The IPO GMP for Standard Glass Lining Limited has been positive, reflecting strong demand in the grey market. As of the latest data, the GMP on IPO stands at ₹-, indicating favorable investor sentiment.
Analysis of GMP Trends
The grey market serves as an early indicator of investor confidence. The consistent increase in GMP on IPO suggests robust participation from retail and high-net-worth individuals. Investors should track the latest GMP trends leading up to the listing date to gauge listing gains potential.
Company Financials
Revenue and Profitability
Standard Glass Lining Limited has reported steady growth in revenue and profitability over the past three years. Key financial highlights include:
- Revenue Growth: The Company’s revenue in 2024 is rs. 549.68 crores against the revenue in 2023 is rs. 500.08 crores.
- Net Profit: A net profit of ₹60.01 crores for the most recent fiscal year, demonstrating operational efficiency.
Strengths and Risks
- Strengths:
- Diversified product portfolio catering to various industries.
- Strong customer base, including industry leaders.
- Robust export market presence.
- Risks:
- Dependency on raw material costs and supply chain stability.
- Competition from domestic and international players.