Standard Glass Lining IPO share allotment likely today. Know how to check status on BSE, listing date and more

The share allotment of Standard Glass Lining IPO is likely to be finalised later today or tomorrow morning. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

How to Check Standard Glass Lining IPO Allotment Status

Allotment Status on BSE

Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Please select the issue name, that is the company's name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

Allotment Status on Kfin Technologies

To check the status of Standard Glass Lining IPO allotment through the registrar, which is Kfin Technologies in this case, kindly follow the below steps.

Step 1: Visit the Kfin Technologies website (https://ipostatus.kfintech.com/)

Step 2: Select Standard Glass Lining IPO

Step 3: Enter the PAN details and click search to know the status

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Standard Glass Lining GMP

The company's shares are expected to get listed on the exchanges on January 13. According to market sources, Standard Glass Lining is trading with a GMP of Rs 91 in the grey market, which translates to a premium of 65% to the issue price.

Standard Glass Lining IPO subscription

The IPO of Standard Glass Lining received massive response from investors with an overall subscription of 183 times at close.

The proceeds from its fresh issue will be utilized for funding of capital expenditure requirements of the company towards the purchase of machinery and equipment, repayment of debt, investment in its wholly owned material subsidiary S2 Engineering Industry, funding inorganic growth through strategic investments and general corporate purposes.

Standard Glass Lining is one of the top five specialised engineering equipment manufacturers for pharmaceutical and chemical sectors in India, in terms of revenue in FY24, with in-house capabilities across the entire value chain.

Its capabilities include design, engineering, manufacturing, assembly, installation and commissioning solutions as well as establishing standard operating procedures for pharmaceutical and chemical manufacturers on a turnkey basis.

The Glass-Lined Equipment (GLE) industry is poised for significant growth, driven by multiple factors. GLE protects the contained media from exposure to water, other chemicals, alkalis, and corrosion, providing a desirable environment for storing the media. GLE is resistant to contamination and capable of operating in a variety of environments.

In FY24, the company's revenue from operations rose 9% YoY to Rs 544 crore, while profit after tax increased 13% to Rs 60 crore. For the six month ended September 2024, revenues stood at Rs 307 crore and profit was at Rs 36 crore.

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