Standard Glass Lining Technology's IPO Launch: A First for 2025

Standard Glass Lining Technology Ltd will launch its initial public offering (IPO) on January 6, 2025, with a price band of Rs 133-140 per share. The IPO aims to raise Rs 410.05 crore, offering a combination of fresh equity shares and existing shares through an offer for sale (OFS).

Standard Glass Lining Technology Ltd announced its upcoming initial public offering (IPO), setting a price range of Rs 133-140 per equity share. This highly anticipated IPO will open for subscription on January 6, 2025, aiming to raise Rs 410.05 crore, making it the first mainboard IPO of the year.

The offering is a strategic combination of newly issued equity shares and 1.43 crore shares offered for sale by existing shareholders. Key stakeholders like S2 Engineering Services and Standard Holdings are among those offloading shares. The three-day public subscription window will close on January 8, with anchor investors able to bid starting January 3.

Proceeds from the IPO will support debt repayment, investment in S2 Engineering Industry, and strategic growth initiatives. The IPO will be managed by IIFL Capital Services Ltd and Motilal Oswal Investment Advisors Ltd, while KFin Technologies handles the registry. Shares will be listed on the BSE and NSE.

(With inputs from agencies.)