Standard Glass Lining Technology IPO Lists At 25.71% Premium: Should You Sell, Buy Or Hold?
Standard Glass Lining Technology Ltd listed at Rs 176 apiece on the BSE, a 25.71 per cent premium over the IPO issue price of Rs 140 apiece.
Standard Glass Lining Technology IPO Listing: Standard Glass Lining Technology Ltd on Monday made a decent stock market debut. The stock listed at Rs 176 apiece on the BSE, a 25.71 per cent premium over the IPO issue price of Rs 140 apiece. On the NSE, the share listed at Rs 172, which is 22.85 per cent higher than the issue price.
Shivani Nyati, head of wealth at Swastika Investmart Ltd, said, “Standard Glass Lining Technology Limited made a strong debut on the stock market with a listing gain of approximately 22.86 per cent over its issue price of Rs 140, getting listed at around Rs 172."
related stories
- Laxmi Dental IPO Allotment Out: GMP At 30%, A Step-By-Step Guide To Check Allotment Status Online
- Quadrant Future Tek IPO Listing Tomorrow: GMP At 48.3%, A Step-By-Step Guide To Check Allotment Status Online
- Laxmi Dental IPO Day 1: Should You Apply? Check Price, GMP, Subscription Status, Reviews
- Quadrant Future Tek IPO Listing On January 14: Check Latest GMP; A Step-By-Step Guide To Check Allotment Status Online
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, she added.
“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," Nyati said.
The initial public offering of Standard Glass Lining Ltd, which was opened on between January 6 and January 8, received a whopping 185.48 times subscription. The retail category received a 65.71 times subscription in total, the NII (non-institutional investors) portion got 275.21 times subscription. Its QIB (qualified institutional buyer) category has been subscribed by 327.76 times.
The price band of the IPO was fixed at Rs 133 to Rs 140 apiece.
- Location :
- First Published: