The Standard Glass Lining technology IPO is a Rs 410.05 crore book-built offering. This issue consists 2.92 crore shares in both fresh issue and a offer for sale structure totalling about Rs 410.05 crore.
IPO size and structure
Standard Glass Lining IPO is a book built issue of Rs 410.05 crores. The issue is a combination of fresh issue of 1.50 crore shares aggregating to Rs 210.00 crores and offer for sale of 1.43 crore shares aggregating to Rs 200.05 crores.
Price band and minimum bid
The typical price range for the Glass Lining IPO is between Rs 133 and Rs 140 per share.
An application must have a minimum lot size of 107 shares. Retail investors are required to invest a minimum of Rs 14,980. For bNII, the minimum lot size investment is 67 lots comprising of 7,169 shares, amounting to Rs 10,03,660, and for sNII, it is 14 lots consisting of 1,498 shares totalling to Rs 2,09,720.
Subcription and listing dates
The subscription period for the Standard Glass Lining IPO begins on January 6, 2025, and ends on January 8, 2025. On Thursday, January 9, 2025, the Standard Glass Lining IPO allotment is anticipated to be finalised.
The Standard Glass Lining IPO is scheduled to list on the BSE and NSE on Monday, January 13, 2025.
Use IPO proceeds
The issue’s net proceeds will be used to finance the company’s capital expenditure needs, pay back or prepay some outstanding debts that the company and its subsidiaries have taken out, invest in wholly owned material subsidiaries, finance inorganic growth, and support general business objectives.
Company financials
With revenue of Rs 312.1 crore and a net profit of Rs 36.27 crore for the six months ending September 30, 2024, Standard Glass posted its results. The business made Rs 60.01 crore in revenue for the fiscal year that concluded on March 31, 2024, with a total revenue of Rs 549.68 crore.
