Standard Glass Lining Technology’s IPO will open on January 6, know all the information related to it here
The IPO of Standard Glass Lining Technology will open in the Indian stock market on January 6, in which investors can bid till January 8. If you also want to invest in this IPO, then we are giving complete information about investment in this news.
January 6 is going to be a great day for stock market investors. Actually, the IPO of Standard Glass Lining Technology Private Limited is going to open on January 6, for which investors will be able to bid till January 8. At the same time, on January 13, the company’s shares are going to be listed on the Bombay Stock Exchange and the National Stock Exchange.
Actually, the company is trying to raise a total of Rs 410.5 crore through this IPO. For this, the company will issue 1.5 crore shares. Existing investors are selling shares worth Rs 200 crore through Offer for Sale.
The price band of the IPO has been fixed between Rs 133 and Rs 140.
This IPO, which opened on January 6, will close on January 8. Shares will be allotted on January 9, while on January 10, refunds will be given to those investors whose shares have not been allotted. Shares will be credited to the demat account on January 10 itself, while the shares will be listed in the market on January 13. The company has fixed the price band of its IPO between Rs 133 and Rs 140, due to which investors can have full confidence in this IPO. However, before making any investment, one must consult a financial advisor.
Know what the company does
Investors will have to invest a minimum of Rs 14,980 for this IPO. For this, retail investors can bid for one lot, whose size is 107 shares, while the maximum investment that can be made in this IPO is Rs 1,94,740. Investors can bid for a maximum of 13 lots. Let us tell you that this company manufactures engineering equipment for the chemical and pharmaceutical sector. The company was founded in 2012. This company provides facilities like assembling, installation, manufacturing, design and engineering for pharmaceutical and chemical producers.
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