Standard Glass Lining IPO Allotment Status
.jpg)
Published on January 9, 2025
The Standard Glass Lining Technology Limited's Initial Public Offering (IPO) has concluded, and investors are now eager to know their allotment status. The IPO opened for subscription on January 6, 2025, and closed on January 8, 2025. The company offered shares at a price band of ₹133 to ₹140 per share. The issue was oversubscribed by 183.18 times, indicating strong investor interest.
When an IPO is oversubscribed, not all applicants receive shares. The allotment process involves allocating shares to applicants based on a predetermined ratio. This ratio is determined by the number of shares available and the number of applications received. In this case, with the IPO being oversubscribed by 183.18 times, the allotment ratio will be quite low.
How to Check Your Allotment Status
Once the allotment is finalized, investors can check their status through the following methods:
BSE Website:
- Visit the BSE's official allotment status page.
- Select 'Equity' in the 'Issue Type' dropdown.
- Choose 'Standard Glass Lining Technology Limited' in the 'Issue Name' dropdown.
- Enter your application number or PAN.
- Complete the CAPTCHA and click 'Search'.
NSE Website:
- Go to the NSE's IPO allotment status page.
- Select 'Standard Glass Lining Technology Limited' from the dropdown.
- Enter your application number or PAN.
- Click 'Submit' to view your allotment status.
Kfin Technologies Portal:
- Visit Kfin Technologies' IPO status page.
- Choose 'Standard Glass Lining Technology Limited' from the dropdown.
- Select either 'Application No', 'Demat Account', or 'PAN'.
- Enter the required details and CAPTCHA.
- Click 'Submit' to check your status.
Grey Market Premium (GMP) and Listing Expectations
Before the allotment, the Grey Market Premium (GMP) for Standard Glass Lining shares was ₹91, indicating a strong demand in the unlisted market. This suggests that the shares are expected to list at a premium on the stock exchanges. However, GMP is an unofficial indicator and can be volatile. Investors should exercise caution and not base investment decisions solely on GMP.
Key Dates to Remember
- Allotment Date: January 9, 2025
- Listing Date: January 13, 2025
On the listing date, the shares will be available for trading on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Investors can monitor the stock's performance and decide on their investment strategy accordingly.
Company Overview
Standard Glass Lining Technology Limited is a manufacturer of engineering equipment for the pharmaceutical and chemical sectors in India. The company provides turnkey solutions and manufactures specialized equipment using glass-lined materials, stainless steel, and nickel alloy. Its product portfolio includes reaction systems, storage systems, and plant engineering services. The company has eight manufacturing units in Hyderabad and sales offices across India.
The Standard Glass Lining IPO has generated significant interest among investors, as evidenced by the substantial oversubscription. As the allotment process concludes, investors are advised to check their status promptly and prepare for the upcoming listing. While the strong GMP indicates positive sentiment, it is essential to approach the market with caution and make informed decisions.