Shares of Standard Glass Lining Technology, a manufacturer of engineering equipment for the pharmaceutical and chemical sectors, made a strong debut on Dalal Street on January 13, 2025. The stock listed at Rs 176 on the BSE, reflecting a premium of 25.7 per cent over its issue price of Rs 140, while on the NSE, it debuted at Rs 172, delivering a 22.8 per cent premium. Investors who received share allotments gained approximately Rs 36 per share, marking a profitable debut for the IPO.

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Standard Glass Lining Technology, a Hyderabad-based manufacturer of engineering equipment for pharmaceutical and chemical sectors, is set to make its market debut today on BSE and NSE. The company’s IPO, which closed on January 8, saw overwhelming interest, with a subscription of 183.18 times, reflecting strong demand across investor categories.

A robust IPO response

The IPO offered shares in a price band of Rs 133-140 per share, with a minimum lot size of 107 shares. It raised Rs 410.05 crore, including a fresh issue of Rs 210 crore and an offer-for-sale of Rs 200.05 crore. The subscription levels were remarkable, with the qualified institutional buyers (QIB) portion subscribed 331.60 times, non-institutional investors (NII) at 268.50 times, and retail investors at 64.99 times.

About the company

Founded in September 2012, Standard Glass Lining Technology is a key player in engineering solutions for the pharmaceutical and chemical industries. The company specializes in turnkey solutions that include design, engineering, manufacturing, assembly, installation, and operating procedures for its clients. With a strong focus on innovation and quality, it has carved out a niche in its sector.

Analyst recommendations

Brokerage firms have largely been positive about the IPO, with several recommending it for listing gains and short-term investment. Analysts believe the company’s unique position in a growing industry, combined with its solid fundamentals, makes it an attractive investment.

Listing expectations and strategy

Shares are expected to list in the range of Rs 175-185, delivering decent listing gains against the issue price of Rs 140. Analysts suggest investors maintain a stop-loss at Rs 160 while trailing gains for short-term profits. However, considering the current market volatility, cautious optimism is advised.

​The stellar subscription levels highlight strong investor confidence in Standard Glass Lining Technology's growth potential. As the company steps into the public market, all eyes will be on its debut performance and its ability to deliver on investor expectations in the near term.