The Initial Public Offering (IPO) of Standard Glass Lining Technology Limited has generated significant interest in the market. The IPO opened for subscription on January 6, 2025, and closed on January 8, 2025. The issue was oversubscribed by more than 183 times, reflecting robust demand across investor categories. Now that the bidding period has ended, all eyes are on the IPO allotment date, which is expected to be January 9, 2025, with the listing of shares scheduled for January 13, 2025.
As with most IPOs, the allotment date is crucial for investors as it determines whether they will receive shares in the company or not. In this article, we will guide you on how to check the IPO allotment status, the grey market premium (GMP), and other essential details related to Standard Glass Lining’s IPO.
Understanding the Standard Glass Lining IPO
Before diving into the allotment status and the steps to check it, let’s first look at the details of the Standard Glass Lining IPO:
- IPO Price Band: ₹133 to ₹140 per share
- Issue Size: ₹410.05 crore
- Fresh Issue: 1.50 crore equity shares worth ₹210 crore
- Offer for Sale (OFS): 1.43 crore shares worth ₹200.05 crore
- Subscription Data: The IPO received a staggering subscription rate of 183.18 times, with retail investors subscribing 64.99 times, Non-Institutional Investors (NIIs) subscribing 268.50 times, and Qualified Institutional Buyers (QIBs) subscribing 331.60 times.
- Listing Date: January 13, 2025
- Registrar: Kfin Technologies
The company is expected to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) once the IPO is successfully allotted.
How to Check Standard Glass Lining IPO Allotment Status
Once the IPO allotment process is complete, investors can check whether they have been allotted shares or not. This can be done online through the BSE, NSE, or the IPO registrar’s official portal. Here are the steps to check your allotment status:
1. BSE Website
To check the allotment status on the BSE website, follow these steps:
- Visit the BSE IPO Status Page: Go to BSE IPO Status.
- Select ‘Equity’ in Issue Type: In the dropdown menu for ‘Issue Type,’ select ‘Equity.’
- Choose ‘Standard Glass Lining Technology Limited’ in the Issue Name Dropdown Menu: Select the IPO name from the list.
- Enter Your Application Number or PAN: You can either enter your application number or PAN details.
- Verify and Search: Tick the box for ‘I am not a robot’ and click on the ‘Search’ button.
Once you complete the above steps, your allotment status will be displayed on the screen.
2. Kfin Technologies Website
Kfin Technologies is the registrar for the Standard Glass Lining IPO. You can also check your allotment status on their official portal:
- Visit Kfin Technologies’ IPO Status Page: Go to Kfin IPO Status.
- Select ‘Standard Glass Lining Technology Limited’ from the Dropdown Menu: Choose the IPO name from the list.
- Enter Your Details: You can search for your allotment status using your Application Number, Demat Account Number, or PAN.
- Enter Captcha and Submit: Enter the Captcha code and click on ‘Submit.’
Your allotment status will be displayed on the screen once you complete the process.
3. NSE Website
You can also check the allotment status on the NSE website by following similar steps:
- Visit the NSE Website: Go to NSE IPO Status.
- Enter the Required Details: Enter the Application Number or PAN to check the status.
Grey Market Premium (GMP) for Standard Glass Lining IPO Allotment
One of the key indicators of how well an IPO might perform post-listing is the Grey Market Premium (GMP). The GMP is the difference between the issue price and the price at which shares are being traded in the grey market before the listing.
As of now, the GMP for Standard Glass Lining IPO stands at ₹91 per share. This indicates that the shares are being traded at ₹91 higher than the issue price in the grey market. Considering the price band of ₹133 to ₹140 per share, this suggests that the stock could list at around ₹231 per share, reflecting a potential premium of approximately 65% from the issue price.
For investors, a strong GMP is usually a positive sign, as it indicates high demand for the shares and could result in a strong listing. However, it’s important to note that GMP is not a guaranteed indicator of listing gains, as market conditions can change.
Expected Listing and Potential Gains : Standard Glass Lining IPO Allotment
Given the high subscription rate and positive grey market sentiment, Standard Glass Lining’s IPO is expected to have a strong listing. If the shares are listed at a premium of 65% (around ₹231), investors who receive an allotment could see significant gains on the first day of trading.
For example, if you applied for 100 shares at the issue price of ₹140 per share, your total investment would be ₹14,000. If the shares list at ₹231, your total holding would be worth ₹23,100, resulting in a potential profit of ₹9,100. This represents a return of approximately 65% on your investment.
Conclusion : Standard Glass Lining IPO Allotment
The Standard Glass Lining IPO has created a lot of buzz in the market, and investors are eagerly awaiting the allotment date on January 9, 2025. With strong demand reflected in the subscription numbers and a positive grey market premium, the IPO is likely to generate significant interest when it lists on the stock exchanges on January 13, 2025.
Investors who have subscribed to the IPO can check their allotment status through the BSE, NSE, or Kfin Technologies’ portal. A strong listing performance is expected, and those who receive allotment may see attractive listing gains. However, as always, it is crucial to stay updated on the latest developments and market conditions before making any investment decisions.
Whether you are a first-time investor or an experienced one, staying informed and following the steps to check your IPO allotment status is crucial to ensure that you don’t miss out on any important details related to your investment.