Standard Glass Lining Technology Announces IPO Details

Standard Glass Lining Technology Ltd has set the stage for an exciting market entry with its initial public offering (IPO) priced between Rs 133 and Rs 140 per equity share. The IPO, aiming to raise Rs 410.05 crore, is scheduled to open for public subscription on January 6, marking the first mainboard IPO of 2025.

IPO Structure and Objectives

The offering includes a fresh issuance of equity shares worth Rs 210 crore and an offer for sale (OFS) of up to 1.43 crore shares by promoters and other selling shareholders. The company plans to use the proceeds for debt repayment, investment in its subsidiary, S2 Engineering Industry, and for inorganic growth through strategic investments or acquisitions.

Investment Opportunities and Market Impact

Investors can participate by bidding for a minimum of 107 shares, with the IPO concluding on January 8. The shares are set to be listed on both the BSE and the National Stock Exchange (NSE), offering a promising opportunity for investors looking to diversify their portfolios with a company that specializes in comprehensive solutions for pharmaceutical and chemical manufacturers.