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Standard Glass Lining IPO: Standard Glass Lining's IPO will open for subscription on January 6 and close on January 8. The size of the company's IPO is Rs 410.05 crore. It can be beneficial for investors to invest in this IPO. The gray market premium is indicating a strong listing.

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The price band for this IPO of Rs 410 crore has been fixed at Rs 133-140 per share. The minimum lot size with a single application is 107 shares. The minimum investment amount for retail investors is Rs 14,980. The shares will be listed on BSE and NSE on January 13.

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Under this IPO, new shares worth Rs 210 crore will be issued. Apart from this, 1.84 crore shares will be sold under the offer for sale window. Standard Glass Lining Technology, formed in September 2012, manufactures engineering equipment for the pharma and chemical sectors.

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The shares of Standard Glass Lining are doing very well in the grey market. On January 1, the IPO was at a premium of Rs 83 in the grey market. On January 5, it is trading at a premium of Rs 97 in the grey market. In such a situation, investors can get a bumper profit of 69 percent on listing. According to the current grey market premium (GMP), Anya Polytech shares can be listed in the market at Rs 237. However, according to market experts, investment decisions should be taken according to the business health of the company rather than the signals received from the grey market.

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(Disclaimer: Investment made in IPO is subject to market risks. If you want to invest in it, then first consult a certified investment advisor. News18 will not be responsible for any kind of profit or loss of yours.)