Standard Glass Lining IPO is making a great impact with its arrival for subscription in the Indian stock market. The IPO set the goal of achieving ₹410.05 crore and has been able to become a center of attraction for investors. It is likely that these are because of the solid financials, the growth strategy, and the excellent grey market premium (GMP). What you are supposed to do if you want to invest is that we offer you a complete and transparent stock of this indeed; our analyst has also included the GMP of the day and the expert opinions to help you decide.
Table of Contents
Subject Matter of Standard Glass IPO GMP
1. IPO Details
- Price Band: ₹133 to ₹140 per equity share
- IPO Size: ₹410.05 crore (₹210 crore via fresh shares and ₹200.05 crore through offers for sale)
- Lot Size: 107 shares per lot
- Subscription Dates: January 5, 2025, to January 8, 2025
- Registrar: Kfin Technologies
- Listing Date: Likely on January 13, 2025
2. Grey Market Premium (GMP)
Currently, the Standard Glass Lining IPO GMP is at ₹98 which indicates solid demand in the unofficial market. The premium here suggests that the stock would be listed at a very good level; and thus, it is attractive mainly for short-term investors.
3. Company Overview
The manufacturer of pharma engineering equipment, Standard Glass Lining Technology Limited, has a variety of 65+ products in its portfolio. Besides, the company will be increasing its capacity and entering new segments like oil & gas and heavy engineering. Additionally, the company also has a goal to increase its export earnings from 0.5% to 20% by 2026, thereby, demonstrating its intentions to grow.
Expert Opinions: Should You Subscribe?
1. Stoxbox
Research Analyst Prathamesh Masdekar advises to subscribe and points to superior margin profile, capacity expansion, and export-driven growth as the reasons for his decision. All in all, the company is capable of producing 300-350 bits of equipment monthly and is on a roadmap to high potential areas.
2. Canara Bank Securities
The funding of the company’s project by Canara Bank Securities in the wake of the joint venture with Standard Glass Lining is another example of the ‘subscribe’ rating approach to the product. The earni
3. SBI Capital Securities & INDSEC Securities
Both the financial institutions have set a ‘subscribe’ sign, one of the three letters of the company’s preneur, talking mainly about the healthy financials of the company and the prospective capacity expansions and export-driven growth strategy.
Conclusion
The Standard Glass Lining IPO is a strong investment choice, supported by strong fundamentals, a positive GMP, and expert endorsements. Being exposed to its efficient expansion and the market’s affection towards it, this IPO can become a valuable opportunity for you regardless of your investment strategies. Nonetheless, considering the investment method that is most suitable for your financial goals and risk tolerance would be prudent decision.
Read More: Indo Farm Equipment IPO Allotment Status: How to Check and Key Details
FAQs
1. What’s the GMP of Standard Glass Lining IPO now?
The Standard Glass Lining IPO GMP today is priced at ₹98, which is a manifestation of the investor’s discerning eye for a product with high quality and the potential of its listing at a premium.
2. What is the subscription period for the IPO?
The IPO is open for subscription from January 5, 2025, to January 8, 2025.
