The Standard Glass Lining IPO has caught investors’ attention with an oversubscription of 183.18 times. This means there was a huge demand for the shares, way more than what was available. Today, the basis of allotment will be finalized, which is crucial in determining which applicants will receive shares and in what quantity.
If you’ve applied for the IPO, you’re probably wondering whether you got an allotment. Don’t worry—it’s easy to check! We’ll walk you through how to check your allotment status and provide you with all the details about the IPO so you know exactly what’s happening.
Overview of Standard Glass Lining IPO
Standard Glass Lining Technology IPO was open for bidding from January 6 to January 8, 2025. The shares were priced in a range of ₹133-₹140 per share, with a minimum lot size of 107 shares. The company raised ₹410.05 crore through this public offering, which included ₹210 crore from a fresh issue and ₹200.05 crore through an offer-for-sale (OFS).
By the end of the subscription period, the IPO had received bids for 3,81,56,56,808 shares against an offer of 2,08,29,567 shares, leading to an oversubscription of 183.18 times.
Subscription Details
The IPO witnessed overwhelming demand across all investor categories:
| Investor Category | Subscription (times) | Shares Offered | Shares Bid For | Total Amount (₹ Cr.) |
| Anchor Investors | 1 | 87,86,809 | 87,86,809 | 123.02 |
| Qualified Institutions (QIBs) | 327.76 | 58,57,875 | 1,91,99,91,629 | 26,879.88 |
| Non-Institutional Buyers (NIIs) | 275.21 | 43,93,405 | 1,20,91,09,951 | 16,927.54 |
| Retail Investors (RIIs) | 65.71 | 1,02,51,278 | 67,36,54,452 | 9,431.16 |
The highest demand came from Qualified Institutional Buyers (QIBs), followed by Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs).
Day-Wise Subscription Details
Here’s a breakdown of how the subscription grew during the three days of bidding:
| Date | QIB | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
| Day 1: Jan 6 | 1.8 | 26.21 | 23.81 | 31 | 15.08 | 13.67 |
| Day 2: Jan 7 | 4.63 | 80.38 | 78.51 | 84.14 | 33.97 | 35.54 |
| Day 3: Jan 8 | 327.76 | 275.21 | 302.21 | 221.21 | 65.71 | 185.48 |
The sharp increase in demand on Day 3 highlights the interest from institutional and non-institutional investors, driving the oversubscription.
Grey Market Premium (GMP)
Standard Glass Lining’s shares are trading at a grey market premium of ₹91 over the upper price band of ₹140, indicating a potential listing price of ₹231. This suggests a return of 65%, though it’s essential to remember that grey market trends are speculative and unregulated.
Listing Date
The shares are scheduled to list on the BSE and NSE on January 13, 2025. While GMP trends are optimistic, actual listing performance will depend on broader market sentiment.
Checking the Allotment Status
If you participated in this IPO, here’s how you can check your allotment status:
Method 1: Via BSE Website
- Visit the BSE Allotment Status Page.
- Select “Equity” under the issue type.
- Choose “Standard Glass Lining Technology Limited” from the issue name dropdown.
- Enter your application number and PAN card details.
- Verify by clicking “I am not a Robot.”
- Click the search button to view your allotment status.
Method 2: Via KFin Technologies Portal
- Visit the KFin IPO Status Page.
- Select “Standard Glass Lining Technology Limited” from the dropdown menu (available if the allotment is finalized).
- Choose one of the three identification modes: Application number, Demat Account number, or PAN ID.
- Select your application type (ASBA or non-ASBA).
- Enter the relevant details and solve the captcha.
- Click submit to check your allotment.
About Standard Glass Lining Technology
Established in 2012, Standard Glass Lining Technology Limited is a premier manufacturer of specialized engineering equipment for India’s pharmaceutical and chemical industries. The company delivers turnkey solutions with in-house production capabilities, including design, manufacturing, assembly, and operational support.
Product Portfolio:
The company’s offerings cater to diverse industrial needs:
- Reaction Systems for controlled chemical processes.
- Storage, Separation, and Drying Systems for material handling and purification.
- Plant Engineering and Services for complete operational efficiency.
The company uses glass-lined steel, stainless steel, and nickel alloys to ensure its products meet the highest quality and performance standards.
Clientele
Standard Glass Lining serves an impressive client base, including Aurobindo Pharma, Natco Pharma, Laurus Labs, Deccan Fine Chemicals, and CCL Food and Beverages.
Infrastructure
With eight advanced manufacturing units in Hyderabad and sales offices in Vadodara, Mumbai, Ankleshwar, and Visakhapatnam, the company ensures nationwide reach. It also has sales representatives across key cities like Chennai, New Delhi, and Bengaluru.
Financials of Standard Glass Lining Technology
Between the financial years ending March 31, 2023, and March 31, 2024, Standard Glass Lining Technology Limited demonstrated solid financial performance, with a notable 10% increase in revenue. During the same period, the company’s profit after tax (PAT) also significantly improved, rising by 12%. These figures highlight the company’s ability to sustain growth and profitability in a competitive market environment.
OTHER IPO RESOURCES
IPO | Current IPO | Upcoming IPO | Listed IPO
With a record-breaking oversubscription, the Standard Glass Lining IPO has been a significant event in the market. Investors are now eagerly awaiting the allotment results and subsequent listing performance. Following the above steps, you can quickly check if you’ve secured an allotment.
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.
