2024 proved to be a very successful year for the IPO market, and now investors are eagerly waiting for new IPOs in 2025. The first mainboard IPO of the new year will be that of Standard Glass Lining Limited, which will open for investors on January 6, 2025 and will be available for subscription till January 8, 2025.
The price band of this IPO has been fixed at ₹133 to ₹140. At present, stock of Standard Glass Lining is not available in the gray market.
Highlights of Standard Glass Lining IPO
- Issue Size:
- Fresh share sale of ₹210 crore.
- Offer for Sale (OFS) of 14,289,367 shares.
- Total offer size ₹410 crore (at upper price band).
- Application Lot Size:
Retail investors can apply for 107 shares and their multiples. - Reservation:
- 50% share for qualified institutional buyers (QIBs).
- 35% for retail investors.
- 15% for non-institutional investors (NIIs).
- Bid for Anchor Investors:
Will open from 3 January 2025.
Company’s use of funds raised from IPO
Standard Glass Lining Ltd has a clear plan for the IPO proceeds:
- Purchase of Machinery and Equipment:
₹10 crore will be used to acquire new machinery and equipment. - Paying off debt:
₹130 crore will be allocated to repay borrowings taken by the company and its subsidiaries. - Investment in S2 Engineering:
₹30 crore will be invested in the wholly owned subsidiary S2 Engineering to meet the capital expenditure requirements. - Inorganic Growth:
₹20 crore will be spent to encourage growth through strategic investments. - For corporate purposes:
The remaining funds will be used for general corporate purposes.
Prospects and investors’ preparation for IPO
- Great performance in 2024:
Last year’s strong IPO market has boosted investor confidence. - Performance of Standard Glass Lining:
The company is known for its high-quality products and strong position in the industry. - Attractiveness of the issue:
The plan to raise fresh funds and repay the loan makes it an attractive investment option.
Important dates and figures
| Event | date/description |
|---|---|
| IPO opening date | 6 January 2025 |
| IPO closing date | 8 January 2025 |
| anchor investors quote | 3 January 2025 |
| price band | ₹133-₹140 |
| lot size | 107 shares |
| total issue size | ₹410 crore |
Message to investors
Standard Glass Lining IPO could be a potentially profitable opportunity, especially for investors looking for stable and strong companies for the long term. The company’s debt repayment and expansion plans reflect its financial stability and growth potential.
