Now that the subscription for the public issue has closed, investors have their eyes set on the share finalisation by the company. As of 7 pm on the last bidding day, the Rs 410.05 crore public issue has been subscribed 183.

The initial public offering (IPO) of Standard Glass Lining Technology Ltd was oversubscribed by 182.57 times. The Rs 410.05-crore IPO received significant interest from institutional and retail investors.

According to market observers, shares of the company are available at a premium of ₹98 in the grey market today

Standard Glass Lining Technology is selling its shares in the price band of Rs 133-140 apiece, which could be applied for a minimum of 107 equity shares and its multiples to raise a total of Rs 410.05 crore.

The strong subscription aligns with grey market trends, as Standard Glass Lining's unlisted shares were commanding a premium of Rs 96 or 68.57 per cent over the upper end of the IPO price band

The Standard Glass Lining Technology Ltd IPO, which opened for subscription on Monday, January 6, 2025, has garnered strong investor interest and is now in its final day of bidding to. With just one day remaining for investors to apply,

Standard Glass Lining Technology Ltd's IPO was oversubscribed by 182.57 times, with strong demand from QIBs, non-institutional investors, and retail investors. The IPO raised Rs 410.05 crore.

Standard Glass Lining Technology's IPO, valued at Rs 1,250 crore, closes today after being oversubscribed nearly 35 times by the end of the second day. The price band is set at Rs 133-140 per share. Analysts recommend subscribing due to robust growth prospects and favorable valuations compared to peers.

The three-day subscription window to bid for the public offering is expected to close on Wednesday, January 8, 2025