Standard Glass Lining IPO Allotment Date: January 9, 2025 Check Your Status

Photo of author
Written By Victor Mullen

The Standard Glass Lining IPO share allotment was finalized on January 9, 2025, and shares began trading on the NSE and BSE on January 13, 2025. This IPO was heavily oversubscribed, suggesting significant investor interest. This guide provides a concise overview of the IPO, key dates, and clear instructions on how to check your allotment status.

How to Check Your Standard Glass Lining IPO Allotment Status

Eager to see if you secured shares in the Standard Glass Lining IPO? The process is straightforward. You can confirm your allotment status through one of the following methods:

1. Via the Registrar (KFin Technologies)

KFin Technologies typically serves as the registrar for IPOs. Their website provides the most direct route to check your allotment.

  1. Visit the KFin Technologies website. A direct link to the IPO section would be most helpful here.
  2. Locate the “IPO Allotment Status” section (the specific name may vary slightly).
  3. Select the “Standard Glass Lining Technology” IPO from the dropdown menu of available IPOs. Ensure the correct IPO is selected, as there may be multiple listings.
  4. Enter your PAN number or application number. Double-check the information for accuracy.
  5. Complete any required security verification (e.g., CAPTCHA).
  6. Click “Submit.” Your allotment status will be displayed.

2. Through the BSE Website

The Bombay Stock Exchange (BSE) also publishes allotment details.

  1. Visit the BSE website. A direct link to the relevant section is recommended.
  2. Search for “Status of Issue Application” (or similar phrasing) within the “Investors” or “Markets” section.
  3. Select “Equity” as the issue type and then choose “Standard Glass Lining Technology” from the company list.
  4. Enter your application number and PAN.
  5. Complete the CAPTCHA if prompted.
  6. Click “Submit” to view your status.
See also  What is Faith Evans' Net Worth in 2024?

3. Using the NSE Website

The National Stock Exchange of India (NSE) provides a similar process.

  1. Go to the NSE website. Provide a direct link for user convenience.
  2. Find the “IPO Allotment Status” section (the exact name might vary slightly).
  3. Select the “Standard Glass Lining Technology” IPO.
  4. Enter your application number and PAN, along with any required security verification.
  5. Submit your request to see your allotment status.

Key IPO Dates and Details

EventDate
IPO OpenJanuary 6, 2025
IPO CloseJanuary 8, 2025
AllotmentJanuary 9, 2025
Listing (NSE & BSE)January 13, 2025

IPO Size: ₹410 crore
Registrar: KFin Technologies
Lot Size: 107 shares
Price Band: ₹133 – ₹140 ( Please confirm and insert the final price band here)
Oversubscription: The IPO was oversubscribed approximately 180 times, indicating substantial investor demand. This likely contributed to a price increase upon listing, though past performance is not indicative of future results.

Understanding the Standard Glass Lining Business and IPO Objectives

Standard Glass Lining Technology operates in the glass-lined equipment industry. A more detailed description of the company’s products and services, including their target market, would strengthen this section. The ₹410 crore raised through the IPO will likely be used for capacity expansion, research and development, and debt reduction. Elaborating on the specific allocation of funds would add significant value for potential investors. The Offer for Sale (OFS) component of ₹200.05 crore allowed existing shareholders to sell a portion of their holdings.

Decoding IPO Terminology

  • IPO (Initial Public Offering): A company’s first sale of stock to the public. This allows the company to raise capital for growth and expansion.
  • GMP (Grey Market Premium): The premium (or discount) at which IPO shares are traded unofficially before listing. It’s an indicator of market sentiment but isn’t necessarily predictive of post-listing performance.
  • Lot Size: The minimum number of shares that can be applied for in an IPO.
  • Offer for Sale (OFS): When existing shareholders sell their shares as part of the IPO. Proceeds from the OFS go to the selling shareholders, not the company.
  • Oversubscription: When demand for IPO shares exceeds the number of shares available. High oversubscription often, but not always, suggests strong initial demand.
See also  TikTok US Sale Price: What Experts Predict in [Current Year]

Post-Allotment: What’s Next?

If you received an allotment, you can hold onto the shares as a long-term investment or sell them on the open market after listing. Thorough research and consideration of your individual investment goals are essential before making any decisions. If you were not allotted shares, don’t be discouraged. Numerous investment opportunities exist in the market.

Disclaimer

This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research and consult with a financial professional before making any investment decisions.

(Last updated January 15, 2025, 10:00 AM EST)

Author