{"id":50330,"date":"2025-01-09T13:00:00","date_gmt":"2025-01-09T07:30:00","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=50330"},"modified":"2025-11-10T13:35:14","modified_gmt":"2025-11-10T08:05:14","slug":"standard-glass-lining-ipo-oversubscribed-183-18-times-how-to-check-allotment-status","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/standard-glass-lining-ipo-oversubscribed-183-18-times-how-to-check-allotment-status\/","title":{"rendered":"Standard Glass Lining IPO Oversubscribed 183.18 Times: How to Check Allotment Status"},"content":{"rendered":"
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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. <\/p>\n\n\n\n

If you\u2019ve applied for the IPO<\/a>, you\u2019re probably wondering whether you got an allotment. Don\u2019t worry\u2014it\u2019s easy to check! We\u2019ll walk you through how to check your allotment status and provide you with all the details about the IPO<\/a> so you know exactly what\u2019s happening.<\/p>\n\n\n\n

Overview of Standard Glass Lining IPO<\/strong><\/h2>\n\n\n\n

Standard Glass Lining Technology IPO<\/a> was open for bidding from January 6 to January 8, 2025. The shares were priced in a range of \u20b9133-\u20b9140 per share, with a minimum lot size of 107 shares. The company raised \u20b9410.05 crore through this public offering, which included \u20b9210 crore from a fresh issue and \u20b9200.05 crore through an offer-for-sale (OFS).<\/p>\n\n\n\n

By the end of the subscription period, the IPO<\/a> 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.<\/p>\n\n\n\n

Subscription Details<\/strong><\/h2>\n\n\n\n

The IPO witnessed overwhelming demand across all investor categories:<\/p>\n\n\n\n

Investor Category<\/strong><\/td>Subscription (times)<\/strong><\/td>Shares Offered<\/strong><\/td>Shares Bid For<\/strong><\/td>Total Amount (\u20b9 Cr.)<\/strong><\/td><\/tr>
Anchor Investors<\/td>1<\/td>87,86,809<\/td>87,86,809<\/td>123.02<\/td><\/tr>
Qualified Institutions (QIBs)<\/td>327.76<\/td>58,57,875<\/td>1,91,99,91,629<\/td>26,879.88<\/td><\/tr>
Non-Institutional Buyers (NIIs)<\/td>275.21<\/td>43,93,405<\/td>1,20,91,09,951<\/td>16,927.54<\/td><\/tr>
Retail Investors (RIIs)<\/td>65.71<\/td>1,02,51,278<\/td>67,36,54,452<\/td>9,431.16<\/td><\/tr><\/tbody><\/table>
Source:<\/strong> Chittorgarh<\/strong><\/a><\/figcaption><\/figure>\n\n\n\n

The highest demand came from Qualified Institutional Buyers (QIBs), followed by Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs).<\/p>\n\n\n\n

Day-Wise Subscription Details<\/strong><\/h2>\n\n\n\n

Here\u2019s a breakdown of how the subscription grew during the three days of bidding:<\/p>\n\n\n\n

Date<\/strong><\/td>QIB<\/strong><\/td>NII<\/strong><\/td>NII (> \u20b910L)<\/strong><\/td>NII (< \u20b910L)<\/strong><\/td>Retail<\/strong><\/td>Total<\/strong><\/td><\/tr>
Day 1: Jan 6<\/td>1.8<\/td>26.21<\/td>23.81<\/td>31<\/td>15.08<\/td>13.67<\/td><\/tr>
Day 2: Jan 7<\/td>4.63<\/td>80.38<\/td>78.51<\/td>84.14<\/td>33.97<\/td>35.54<\/td><\/tr>
Day 3: Jan 8<\/td>327.76<\/td>275.21<\/td>302.21<\/td>221.21<\/td>65.71<\/td>185.48<\/td><\/tr><\/tbody><\/table>
Source:<\/strong> Chittorgarh<\/strong><\/a><\/figcaption><\/figure>\n\n\n\n

The sharp increase in demand on Day 3 highlights the interest from institutional and non-institutional investors, driving the oversubscription.<\/p>\n\n\n\n

Grey Market Premium (GMP)<\/strong><\/h3>\n\n\n\n

Standard Glass Lining’s shares are trading at a grey market premium of \u20b991 over the upper price band of \u20b9140, indicating a potential listing price of \u20b9231. This suggests a return of 65%, though it\u2019s essential to remember that grey market trends are speculative and unregulated.<\/p>\n\n\n\n

Listing Date<\/strong><\/h3>\n\n\n\n

The shares are scheduled to list on the BSE<\/a> and NSE<\/a> on January 13, 2025. While GMP trends are optimistic, actual listing performance will depend on broader market sentiment<\/a>.<\/p>\n\n\n\n

Checking the Allotment Status<\/strong><\/h3>\n\n\n\n

If you participated in this IPO, here\u2019s how you can check your allotment status:<\/p>\n\n\n\n

Method 1: Via BSE Website<\/strong><\/h3>\n\n\n\n
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  1. Visit the BSE Allotment Status Page<\/a>.<\/li>\n\n\n\n
  2. Select \u201cEquity\u201d under the issue type.<\/li>\n\n\n\n
  3. Choose “Standard Glass Lining Technology Limited” from the issue name dropdown.<\/li>\n\n\n\n
  4. Enter your application number and PAN card details.<\/li>\n\n\n\n
  5. Verify by clicking \u201cI am not a Robot.\u201d<\/li>\n\n\n\n
  6. Click the search button to view your allotment status.<\/li>\n<\/ol>\n\n\n\n

    Method 2: Via KFin Technologies Portal<\/strong><\/strong><\/h3>\n\n\n\n
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    1. Visit the KFin IPO Status Page<\/a>.<\/li>\n\n\n\n
    2. Select “Standard Glass Lining Technology Limited” from the dropdown menu (available if the allotment is finalized).<\/li>\n\n\n\n
    3. Choose one of the three identification modes: Application number, Demat Account number, or PAN ID.<\/li>\n\n\n\n
    4. Select your application type (ASBA or non-ASBA).<\/li>\n\n\n\n
    5. Enter the relevant details and solve the captcha.<\/li>\n\n\n\n
    6. Click submit to check your allotment.<\/li>\n<\/ol>\n\n\n\n

      About Standard Glass Lining Technology<\/strong><\/h3>\n\n\n\n

      Established in 2012, Standard Glass Lining Technology Limited is a premier manufacturer of specialized engineering equipment for India\u2019s pharmaceutical and chemical industries. The company delivers turnkey solutions with in-house production capabilities, including design, manufacturing, assembly, and operational support.<\/p>\n\n\n\n

      Product Portfolio<\/strong>: <\/h3>\n\n\n\n

      The company\u2019s offerings cater to diverse industrial needs:<\/p>\n\n\n\n