New Delhi. Standard Glass Lining Technology Limited's IPO was fully subscribed within 20 minutes of opening today. Bids were received heavily in all categories. According to NSE data till 4:30 pm, investors applied for more than 26.4 crore shares as against more than 2.08 crore shares. Thus, the mainboard IPO was subscribed 12.4 times on the first day due to strong demand from retail and non-institutional investors. Standard Glass IPO is the first mainboard issue of the year 2025. Its total size is Rs 410.05 crore. Investors can bid for the shares of the IPO till January 8. There is tremendous demand for the shares of this IPO in the gray market as well and it is trading at a premium of about 70 percent.

The retail portion of the Standard Glass Lining IPO was subscribed 13.97 times on the first day today. Bids were received for more than 14 crore shares against the 1.05 crore shares reserved for this category. The portion for non-institutional investors (NIIs) was subscribed 23.69 times. Qualified institutional buyers (QIBs) booked only 1.81 times their allotted 57.9 lakh shares. QIBs applied for more than 10 lakh shares.

The price band is Rs 133-140.
The Standard Glass Lining IPO includes a fresh issue of Rs 210 crore. The remaining shares have been put up for sale by the company's promoters. The price band of the IPO is Rs 133 to Rs 140 per share. The company said that it will use Rs 130 crore from the money raised through the fresh issue to repay the debt. It will invest Rs 30 crore in its wholly-owned subsidiary, S2 Engineering Industries.

Standard Glass Lining IPO GMP
Shares of Standard Glass Lining IPO are making a splash in the grey market. Shares of Standard Glass IPO are trading at a premium of about 70 per cent today (Standard Glass Lining IPO GMP). According to investograin.com, a website that monitors the grey market, the shares were trading at a premium of Rs 96. As per the upper price band of Rs 140, the listing of this IPO can happen at Rs 236.

Brokerage also advised to invest
Geojit Financial Services has advised to subscribe to this IPO. The brokerage said that at the upper price band of Rs 140, the company is available at a P/E of 38.5x (FY25 estimated earnings), which is a reasonable price compared to its rival companies.

SBI Capital Securities has also given a 'Subscribe' rating to this IPO. The brokerage said, "Compared with its rivals, this IPO is available at a reasonable price with better margins. We recommend investing in this issue with a long-term perspective."