Standard Glass IPO Review: Should you subscribe? Know what Anil Singhvi suggests

Standard Glass Lining Technology IPO Review: The initial public offering (IPO) of Standard Glass Lining Technology opened on January 7, 2025, and will be closed on January 8. The company has launched the public issue with an issue size of Rs 410.05 crore, comprising a fresh issue of Rs 210.00 crore and an offer for sale of Rs 200.05 crore. Should you subscribe to it? Here's all you need to know:

Standard Glass Lining Technology IPO: Should you subscribe?

Zee Business Managing Editor Anil Singhvi has recommended subscribing the issue, citing 'apply only for listing gains with investment view.' He has suggested applying for the IPO for a short term as well as for listing gain. Due to the company's unimpressive financial growth, increasing working capital cycle, and negative cash flows, he does not rate it for a long-term period. Moreover, valuations are reasonable, he said.

Standard Glass Lining Technology IPO: Positives, negatives about the company?

Singhvi also highlighted the positives and negatives of the company as follows:

Positives:

• Strong promoters
• Better positioning than competitors
• Focus on organic and inorganic growth
• Regular capex to improve profitability
• Reasonable valuations 

Negatives:

• Financial growth is not impressive
• Working capital cycle increasing
• Negative cash flows

Standard Glass Lining Technology IPO Key Details: Lot size, allotment date and other

The lot size of the IPO is 107 shares and in multiple thereof. The price has been fixed between Rs 133 and Rs 140.

Standard Glass Lining Technology IPO | Allotment date

The allotment date of Standard Glass Lining Technology IPO is fixed on Thursday, January 9, 2025.

Standard Glass Lining Technology | Listing Date

The Standard Glass Lining Technology stock will debut on Monday, January 13, 2025.

BRLMs & registrar

• Official Registrar: Kfin Technologies Limited
• BRLMs: IIFL Capital Services, Motilal Oswal Investment Advisors