Standard Glass Lining Share Price Live: Stock extends gains after strong stock market debut

Standard Glass Lining Share Price Live: Risks of investing in Standard Glass Lining IPO

• Dependence on our manufacturing facilities, all of which are situated in Telangana, India
• Dependence on the availability and retainment of skilled labour and workforce
• Dependence upon a limited number of customers for our revenue from operations
• Dependence on a limited number of suppliers for our key raw materials
• Not having long-term or exclusive contracts with majority of our customers and suppliers
• Under-utilization of our currently operational production lines at our Manufacturing Facilities
• Inability to effectively utilize our expanded manufacturing capacities

Standard Glass Lining Share Price Live: Objectives of Standard Glass Lining IPO

1. Funding of capital expenditure requirements of our Company towards the purchase of machinery and equipment;

2. Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company and investment in our wholly owned material subsidiary, S2 Engineering Industry Private Limited, for repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by S2 Engineering Industry Private Limited from banks and financial institutions;

3. Investment in our wholly owned material subsidiary, S2 Engineering Industry Private Limited, for funding its capital expenditure requirements towards the purchase of machinery and equipment;

4. Funding inorganic growth through strategic investments and/or acquisitions; and

5. General corporate purposes.

Standard Glass Lining Share Price Live: Shivani Nyati, Head of Wealth at Swastika Investmart recommends holding the stock after strong start

Standard Glass Lining Technology Limited made a strong debut on the stock market with a listing gain of approximately 22.86% over its issue price of ₹140, getting listed at around ₹172. The IPO garnered massive investor interest, achieving an impressive overall subscription of 185.48 times, reflecting high demand across all categories. As a leading provider of glass-lined equipment catering to the pharmaceutical and chemical sectors, the company has established itself as a key player by offering customized and innovative solutions. With consistent growth in revenue and profitability, coupled with a reasonable valuation, the positive listing underscores investor confidence in the company’s growth potential. Investors are suggested to hold their position by keeping a stoploss at around 155.

Standard Glass Lining IPO Share Listing Live: Comparison with listed peers

Following is the comparison of accounting ratios with listed industry peers:

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Standard Glass Lining IPO Share Listing Live: Stock drops 1.5% from listing high

Standard Glass Lining shares after listing at 26% premium witnessed some profit booking and traded 1.5% lower on the BSE at ₹173.25.

Standard Glass Lining IPO Share Listing Live: Stock off to a strong start

Shares of Standard Glass Lining listed at ₹176 on the BSE, a premium of nearly 26% while on the NSE, the stock debuted at ₹171.40, a premium of 22.7%.

Standard Glass Lining IPO Share Listing Live: Pre-open rate on BSE signals a 26% listing premium

Standard Glass Lining share price traded at ₹176 apiece on BSE, signaling 25.71% premium over IPO price. Meanwhile, on NSE, the stock was at ₹171.40 in the pre-open session, signaling 22.43% listing pop.

Standard Glass Lining IPO Share Listing Live: Prathamesh Masdekar, Research Analyst, StoxBox on listing expectations

Standard Glass Lining Technology IPO has seen significant demand, oversubscribed by 185.48 times. The company is set for an impressive stock market debut today, with expectations of a 64% premium over its upper price band. The company is one of the few companies in India offering end-to-end customized solutions in the specialized engineering equipment used in the pharma and chemical sectors. The company is targeting 20% of revenue from exports by 2026 v/s present 0.5% contribution. We thus recommend that investors allotted shares consider holding their positions from a medium to long-term perspective.

Standard Glass Lining IPO Share Listing Live: Standard Glass Lining IPO GMP today signals 36% listing pop

Standard Glass Lining IPO GMP today is ₹50. At the current GMP and IPO price of ₹140, Standard Glass Lining shares could list at ₹190, up 36%.

Standard Glass Lining IPO Share Listing Live: Issue subscribed by a massive 183.18 times

Standard Glass Lining IPO Share Listing Live: Standard Glass Lining IPO was subscribed by a massive 183.18 times in total. The issue received bids for 381.56 crore equity shares as against 2.08 crore shares on the offer, as per NSE data. The retail investors’ category was subscribed by 64.99 times, while the Non Institutional Investors (NII) category was booked 268.50 times. The Qualified Institutional Buyers (QIBs) category received 331.60 times subscription.

Standard Glass Lining IPO Share Listing Live: Key details of ₹410.05-crore worth Standard Glass Lining IPO

Standard Glass Lining IPO Share Listing Live: Standard Glass Lining IPO price band was set at ₹133 to ₹140 per share. At the upper-end of the price band, the company raised ₹410.05 crore from the IPO which comprised a fresh issuance of equity shares worth ₹210 crore and an offer-for-sale (OFS) of up to 1.43 crore equity shares by its promoters and other selling stakeholders. 

Standard Glass Lining IPO Share Listing Live: Standard Glass Lining IPO timeline

Standard Glass Lining IPO Share Listing Live: The bidding for the ₹410.05 crore-worth Standard Glass Lining IPO opened for subscription on January 6 and closed on January 9. The IPO allotment was finalized on January 9. Standard Glass Lining IPO listing date is today, January 13.

Standard Glass Lining IPO Share Listing Live: Standard Glass Lining Technology set to make stock market debut today

Standard Glass Lining IPO Share Listing Live: Standard Glass Lining Technology shares are set to make their debut in the Indian stock market today. The initial public offering (IPO) of Standard Glass Lining Technology received strong demand from investors. Standard Glass Lining IPO listing date is today, January 13.