4 min read | Updated on January 13, 2025, 15:34 IST
SUMMARY
Standard Glass Lining Technology shares were listed at ₹172 a unit on the National Stock Exchange (NSE) on Monday, reflecting a premium of 22.86% to the issue price of ₹140.
Standard Glass Lining Technology is one of the leading engineering equipment manufacturers.
Standard Glass Lining IPO Listing, Share Price Live Update at 3:33 pm: The stock settled 5.12% lower at ₹163.2 apiece on the NSE after listing at 22.86% premium.
Standard Glass Lining IPO Listing, Share Price Live Update at 3:03 pm: After listing at 22.86% premium on NSE, Standard Glass Lining shares fall 5.59% to ₹162.39 apiece.
Standard Glass Lining IPO Listing, Share Price Live Update at 2:35 pm: The stock is down 5.34% to ₹162.82 apiece on the National Stock Exchange.
Standard Glass Lining IPO Listing, Share Price Live Update at 1:32 pm: Trading stats
Traded volume: 384.82 lakhs
Traded value: ₹666.93 crore
Total market cap: ₹3,334.70 crore
Standard Glass Lining IPO Listing, Share Price Live Update at 12:56 pm: Price information
Current price: ₹172.76 (+0.44%)
Open: ₹172
Issue price: ₹140
High: ₹182
Low: ₹164
Standard Glass Lining IPO Listing, Share Price Live Update at 12:15 pm: Standard Glass Lining shares fall 0.35% to ₹171.4 apiece on the NSE after listing at 22.86% premium.
Standard Glass Lining IPO Listing, Share Price Live Update at 11:55 am: Board of Directors
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
Standard Glass Lining IPO Listing, Share Price Live Update at 11:40 am: How will the company use the issue proceeds?
Invest in S2 Engineering Industry Private Limited, a subsidiary.
Loan repayment
Capital expenditure
General corporate purposes
Strategic investments
Standard Glass Lining IPO Listing, Share Price Live Update at 11:15 am: Shares of Standard Glass Lining rise 2.89% to ₹176.97 apiece on the NSE.
Standard Glass Lining IPO Listing, Share Price Live Update at 10:51 am: Trading stats
Traded volume: 301.92 lakhs
Traded value: ₹523.40 crore
Total market cap: ₹3,506.66 crore
Standard Glass Lining IPO Listing, Share Price Live Update at 10:16 am: Price information
Current price: ₹174.10 (+1.22%)
Open: ₹172
Issue price: ₹140
High: ₹179
Low: ₹164
Standard Glass Lining IPO Listing, Share Price Live Update at 10:07 am: Shares of Standard Glass Lining Technology climbed 0.67% to ₹173.15 apiece after listing at a 22.86% premium on the NSE.
Standard Glass Lining IPO Listing, Share Price Live Update at 10:02 am: The stock debuted at a 25.7% premium at ₹176 per share on the BSE.
Standard Glass Lining IPO Listing, Share Price Live Update at 10:00 am: Standard Glass Lining Technology shares were listed at ₹172 apiece on the National Stock Exchange (NSE) on Monday, reflecting a premium of 22.86% to the issue price of ₹140 apiece.
Standard Glass Lining IPO Listing, Share Price Live Update at 9:49 am: In the pre-open market, Standard Glass Lining Technology shares trade at ₹172 a unit in the NSE, a premium of 22.86% to the issue price of ₹140.
Standard Glass Lining IPO Listing, Share Price Live Update at 9:28 am: Subscription details
Qualified institutional buyers (QIBs): 331.60 times
Non-institutional investors (NIIs): 268.50 times
Retail investors: 64.99 times
Total subscription: 183.18 times
Standard Glass Lining IPO Listing, Share Price Live Update at 8:55 am: Lot size
The minimum application size was 107 shares, needing an investment of ₹14,980.
Standard Glass Lining IPO Listing, Share Price Live Update at 8:35 am: Price band
The price range was set at ₹133 to ₹140 per share.
Standard Glass Lining IPO Listing, Share Price LIVE: Shares of Standard Glass Lining will make their stock market debut on Monday, January 13. Standard Glass Lining IPO allotment status was finalised on January 9.
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.
The Standard Glass Lining IPO, with a price band of ₹133-₹140 per share, was a fresh issue of ₹210 crore and an offer-for-sale of over 1.43 crore shares by promoters and investor shareholders.
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.
To learn more about IPO listing, schedule, and upcoming IPOs, visit our page.
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