The much-anticipated IPO of Standard Glass Lining Technology Ltd. has garnered significant attention from investors across the market. The basis of allotment for this Initial Public Offering (IPO) is expected to be finalized today, Thursday, January 9, 2025. Here's everything you need to know about the allotment process, Grey Market Premium (GMP), and listing details.

IPO Subscription Details

The public issue of Standard Glass Lining Technology closed for subscription on Wednesday, January 8, 2025. Demonstrating overwhelming demand, the IPO was oversubscribed by a staggering 183.18 times, reflecting strong investor confidence in the company’s growth potential and robust business fundamentals.

Retail Individual Investors (RIIs): The retail portion of the IPO saw an impressive oversubscription, showcasing keen interest among small investors.

Qualified Institutional Buyers (QIBs): Institutional buyers were equally enthusiastic, contributing to the high subscription rates.

Non-Institutional Investors (NIIs): This category also saw significant participation, adding to the oversubscription figures.

How to Check Standard Glass Lining IPO Allotment Status

Once the allotment process is completed, investors can check their allotment status using the following methods:

1. Registrar’s Website: KFin Technologies

KFin Technologies, the registrar for the issue, will provide an online allotment status service. Follow these steps:

Visit the KFin Technologies website.

Navigate to the IPO allotment status page.

Enter the following details:

PAN (Permanent Account Number)

Application Number

DP/Client ID (for those applying through demat accounts)

Submit the details to view your allotment status.

2. Stock Exchange Websites

Investors can also check their allotment status on the official websites of BSE or NSE:

For BSE:

Go to the BSE IPO status page.

Select “Equity” as the issue type.

Choose “Standard Glass Lining Technology IPO” from the dropdown menu.

Enter your application number and PAN.

Click “Search” to check your status.

For NSE: Similar steps can be followed on the NSE website.

3. Brokers and Applications

If you applied through a broker, check your allotment status on their platform.

Those who used UPI-based applications can also receive notifications from their respective UPI apps.

Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Standard Glass Lining IPO has been a hot topic among investors. As of now, the GMP stands at approximately ₹90 per share, indicating strong positive sentiment and expectations of a premium listing. While GMP is not a guaranteed indicator of listing performance, it offers valuable insights into market expectations.

Listing Date

Post allotment, the shares of Standard Glass Lining Technology are expected to be credited to successful applicants’ demat accounts by January 13, 2025. The shares are likely to be listed on both BSE and NSE on January 15, 2025. The final listing price will be determined based on demand and supply dynamics on the listing day.

Company Overview

Standard Glass Lining Technology Ltd. is a leading player in the manufacturing of industrial glass-lined equipment. The company caters to a diverse clientele across industries such as chemicals, pharmaceuticals, and food processing. Its consistent financial performance and innovative solutions have made it a favorite among investors.

Key Financial Highlights

Revenue Growth: The company has demonstrated steady revenue growth over the past three years.

Profit Margins: Improved operational efficiencies have resulted in healthy profit margins.

Market Position: With a strong market presence and a proven track record, the company is poised for long-term growth.

Investment Insights

The overwhelming subscription figures and high GMP suggest that Standard Glass Lining IPO has struck a chord with investors. Analysts are optimistic about the company’s future prospects, citing its solid fundamentals and strong market demand for its products.

What Next for Investors?

For Allottees:

Monitor your demat account for share credits.

Stay updated with listing day movements to make informed decisions about holding or selling.

For Non-Allottees:

Consider buying shares in the secondary market based on listing day trends and long-term prospects.

Conclusion

The Standard Glass Lining IPO has set the stage for an exciting listing journey. With its promising business model and strong investor backing, the company is expected to make a significant impact in the industrial equipment sector. Whether you are an allottee or planning to invest post-listing, staying informed is the key to maximizing your returns.