In the 12 months 2024, traders made loads of money via IPO. Now there is excellent news for IPO traders in the new 12 months i.e. 2025. An IPO is going to open in the market on January 6, whose GMP is already blowing individuals’s senses. Let us inform you about it in element, together with this we will additionally inform you what this firm does and the way a lot money it is planning to elevate from this IPO.
Which IPO is this?
The title of the IPO we’re speaking about is Standard Glass Lining Technology Limited IPO. It is going to open for subscription on 6 January 2025. Through this IPO, the firm has set a goal of elevating Rs 410.05 crore from the market. This is an enormous alternative for these traders who’re pondering of incomes income even in a falling market.
Standard Glass Lining IPO data
This IPO is a guide constructed difficulty of Rs 410.05 crore. This contains recent difficulty of 1.50 crore shares value Rs 210 crore and provide on the market (OFS) of 1.43 crore shares value Rs 200.05 crore. The promoters of the firm embody Nageswara Rao Kandula, Kandula Krishna Veni and different outstanding individuals.
IPO worth band
The worth band of Standard Glass Lining IPO has been fastened at Rs 133 to Rs 140 per share. The minimal lot dimension is 107 shares, which means retail traders will have to make investments a minimum of Rs 14,980.
GMP confirmed energy
The grey market premium (GMP) of Standard Glass Lining IPO in the unlisted inventory market is Rs 88. It is 62.8% increased than the cap worth, which exhibits large enthusiasm amongst traders. If this GMP stays the identical then traders will make a revenue of Rs 88 per share in a day. However, it is potential that the GMP of this IPO might improve additional in the coming days.
what does the firm do
Standard Glass Lining Technology Limited manufactures engineering machines for the pharmaceutical and chemical industries. The firm has eight manufacturing items in Hyderabad, Telangana. The firm had earned income of Rs 549.68 crore and revenue after tax (PAT) of Rs 60.1 crore in the monetary 12 months 2023-24.
What will the firm do with the money?
The firm will use the funds raised from this difficulty to buy equipment and tools, repay debt and make investments in its wholly owned materials subsidiary. Besides, the firm will additionally use this capital to fulfill basic company aims.
Let us inform you, IIFL Securities and Motilal Oswal Investment Advisors Limited are the guide operating lead managers of this difficulty. Whereas, Kfin Technologies Limited is the registrar of this IPO. 50% of the difficulty is reserved for certified institutional consumers (QIBs), 15% for non-institutional traders (NIIs), and 35% for retail traders.
Disclaimer: (The data offered right here is being offered for data solely. It is vital to word right here that funding in the market is topic to market dangers. Always search knowledgeable recommendation earlier than investing money as an investor. ABPLive.com doesn’t advise anybody It is by no means advisable to make investments money right here.)
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