Standard Glass Lining Technology IPO has created tremendous enthusiasm among investors. The IPO of this company, which manufactures engineering equipment for the pharmaceutical and chemical sectors, will be closed on January 8. 185.48 times subscription found. Its total issue size Rs 410.05 crore Was. Now the allotment of this IPO is going to be final on 9th January.
If you have invested money in this IPO and want to know whether you have been allotted shares or not, then here is the process to check the allotment status in two major ways.
1. How to check allotment status through KFin Technologies website?
KFin Technologies is the registrar for this IPO. Here’s the step-by-step way to check status:
Step 1: Visit the website
- Go to KFin Technologies IPO Status.
- there you five links You have to click on any one of them.
Step 2: Select the name of the IPO
- on the open page Standard Glass Lining Technology IPO Select .
- After this, choose one of the three options to fill your details:
- application number
- PAN number
- demat account number
Step 3: Fill the captcha and submit
- Fill the given captcha code correctly.
- Click on ‘Submit’ button.
After this you will see your IPO allotment information on the screen.
2. How to check allotment status through BSE website?
If you want to check the status through BSE website, follow the steps given below:
Step 1: Visit BSE website
- Visit BSE IPO Application Status.
Step 2: Choose the right option
- issue type Select ‘Equity’.
- from dropdown menu Standard Glass Lining Technology IPO Select .
Step 3: Fill in details and search
- own application number Or PAN number Enter.
- Enter captcha code and Click on ‘Search’ button.
Now you will get information about your allotment status.
When will Standard Glass Lining Technology IPO be listed?
This IPO was highly attractive for all categories of investors.
- Qualified Institutional Buyers (QIB) 327.76 times subscription for.
- Non-Institutional Investors (NII) 275.21 times subscription for Rs.
- Retail Investors (RII) 65.71 times subscription for.
listing of shares on january 13th NSE And BSE But it will happen.
Strong start from Anchor Investment
Before the IPO, on January 3, the company through anchor book Raised Rs 123.01 crore from 9 institutional investors. This strong anchor investment helped make the IPO a resounding success.
Promoters information
The following are the promoters of Standard Glass Lining Technology:
- Nageshwar Rao Kandula
- Kandula Krishna Veni
- Kandula Ramakrishna
- Venkat Mohan Rao Katragadda
- Kudarvalli Punna Rao
- S2 Engineering Services
condition of gray market
This IPO is being traded at a very strong premium in the gray market.
- share Upper price band of IPO ₹140 From ₹91 i.e. Premium of 65% But are trading.
- The possible listing price of this share in the gray market could be ₹231.
Note: The gray market is an unauthorized market where shares are traded before their listing. It provides only an estimate of the success of the market company.
merchant banker
Following are the merchant bankers for this IPO:
- IIFL Securities
- Motilal Oswal Investment Advisors
