Standard Glass Lining IPO allotment likely today: Here’s how to check status and other details

Strong subscription for Standard Glass Lining IPO

The IPO of Standard Glass Lining Technologies Limited witnessed a resounding response from investors, with the issue being subscribed over 183 times. Qualified Institutional Buyers (QIBs) led the demand, subscribing to their quota 331.60 times. Non-Institutional Investors (NIIs) followed closely, bidding for 268.50 times their reserved portion, while retail investors subscribed 64.99 times their allocation.

The Rs 410.05 crore mainboard issue closed on January 8, 2025, and the allotment status is expected to be finalized today, January 9, 2025. The IPO comprised a fresh issue and an offer for sale, with proceeds aimed at funding capital expenditure, debt repayment, and investments in the company’s subsidiary, S2 Engineering Industry, among other purposes.

How to check allotment status on BSE’s website
Investors can check their allotment status on the BSE website by following these steps:

1. Visit the BSE IPO allotment page.
2. Select "Equity" as the issue type.
3. Choose "Standard Glass Lining Technologies" from the dropdown menu.
4. Enter your application number or PAN.
5. Click "Search" to view your allotment status.

How to check allotment status on Kfin Technologies’ website
Alternatively, investors can check their status on Kfin Technologies’ website:

1. Visit the official Kfin Technologies IPO allotment page.
2. Select "Standard Glass Lining Technologies" from the list of companies.
3. Enter your application number, demat account number, or PAN.
4. Complete the Captcha verification.
5. Click "Submit" to view your status.

About Standard Glass Lining Technologies
Incorporated in 2012, Standard Glass Lining Technologies Limited specializes in manufacturing engineering equipment for the pharmaceutical and chemical industries. The company provides turnkey solutions, including design, engineering, manufacturing, installation, and operational support.

Operating eight manufacturing facilities in Hyderabad, Telangana, the company’s product portfolio includes reaction systems, storage, separation and drying systems, and specialized engineering equipment made from glass-lined materials, stainless steel, and nickel alloys.