Standard Glass Lining Share Price LIVE: Stock up 0.4% after listing at 22.86% premium on NSE

• Current price: ₹172.76 (+0.44%)
• Open: ₹172
• Issue price: ₹140
• High: ₹182
• Low: ₹164

• Nageswara Rao Kandula, Managining Director
• Ramakrishna Kandula, Executive Director
• Kandula Krishna Veni, Executive Director
• Venkata Mohan Rao, Katragadda, Executive Director
• Sudhakara Reddy, Independent Director
• Sambasiva Rao Gollapudi, Non-Executive Chairman and Independent Director
• Radhika Nannapaneni, Independent Director
• Yasuyuki Ikeda, Non-Executive Director

• Invest in S2 Engineering Industry Private Limited, a subsidiary.
• Loan repayment
• Capital expenditure
• General corporate purposes
• Strategic investments

• Traded volume: 301.92 lakhs
• Traded value: ₹523.40 crore
• Total market cap: ₹3,506.66 crore

• Current price: ₹174.10 (+1.22%)
• Open: ₹172
• Issue price: ₹140
• High: ₹179
• Low: ₹164

• Qualified institutional buyers (QIBs): 331.60 times
• Non-institutional investors (NIIs): 268.50 times
• Retail investors: 64.99 times
• Total subscription: 183.18 times

The minimum application size was 107 shares, needing an investment of ₹14,980.

The price range was set at ₹133 to ₹140 per share.

The initial share sale was subscribed to a whopping 183.18 times, as bids were received for 3,81,56,56,808 shares against the 2,08,29,567 on offer.

Standard Glass Lining IPO listing date and time

Shares of Standard Glass Lining will begin trading on the NSE and the BSE at 10 am on Monday, January 13.

Standard Glass Lining Technology offers comprehensive solutions that encompass design, engineering, manufacturing, assembly, installation, and commissioning. It also establishes standard operating procedures for pharmaceutical and chemical manufacturers on a turnkey basis.

Its pharma clients include Aurobindo Pharma, Cadila Pharmaceutical, Granules India Ltd, Macleods Pharmaceuticals, Piramal Pharma, and Suven Pharmaceuticals.