Standard Glass Lining Technology IPO
Standard Glass Lining Technology Limited (SGLTL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 13 January 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +80.8% (likely range +22% to +106%), day's high +87.6%, chance of a gain 92%. Actual: +22.9% at the open, +30.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 57,90,147 | 1,91,99,91,629 | 332x | |
| NII (HNI) total | 45,11,826 | 1,21,14,47,259 | 269x | |
| Big NII (above ₹10 lakh) | 30,07,884 | 88,51,48,512 | 294x | |
| Small NII (₹2-10 lakh) | 15,03,942 | 32,62,98,747 | 217x | |
| Retail | 1,05,27,594 | 68,42,17,920 | 65.0x | |
| Total | 2,08,29,567 | 3,81,56,56,808 | 183x |
Bids on NSE and BSE together, as published by NSE, as of 08 Jan 2025, 07:00 PM. Shares offered exclude the anchor portion. 16% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Standard Glass Lining Technology's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Unimech Aerospace and ManufacturingDec 2024 | 318x | 264x | 56.7x | 175x | ₹527 Cr | +86.0% | +89.2% |
| Orient TechnologiesAug 2024 | 190x | 301x | 66.9x | 152x | ₹218 Cr | +39.8% | +46.8% |
| KRN Heat Exchanger and RefrigerationSep 2024 | 253x | 432x | 98.3x | 214x | ₹344 Cr | +118.2% | +133.4% |
| Mukka ProteinsMar 2024 | 189x | 250x | 58.5x | 137x | ₹224 Cr | +42.9% | +50.9% |
| Gala Precision EngineeringSep 2024 | 233x | 415x | 91.9x | 201x | ₹168 Cr | +36.3% | +43.1% |
| Indo Farm EquipmentJan 2025 | 242x | 504x | 105x | 230x | ₹260 Cr | +19.1% | +33.5% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| IIFL Capital Services | 94 | +19.3% | 71% |
| Motilal Oswal Investment Advisors | 47 | +15.0% | 72% |
Offer documents (NSE)
Frequently asked
What is the Standard Glass Lining Technology IPO price band and lot size? ₹133–140 per share, with a lot of 107 shares, so the smallest retail bid is ₹14,980.
How many times has it been subscribed? 183x overall: QIB 332x, NII 269x, retail 65.0x.
How did it list? It opened at ₹172, +22.9% against the issue price of ₹140, and closed its first day +16.6%.
