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Standard Glass Lining Technology IPO achieves record 182.57 times subscription

share-iconWednesday, January 08 comment-icon1 week ago 7 views
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indiatimesINDIATIMES
Standard Glass Lining Technology IPO achieves record 182.57 times subscription

Credited from: INDIATIMES

  • Standard Glass Lining Technology Ltd had a remarkable 182.57 times subscription for its IPO on the final bidding day.
  • Bids totaled 3,80,27,59,991 shares against the 2,08,29,567 shares available.
  • The subscription included 331.60 times for QIBs, 267.99 times for non-institutional investors, and 63.99 times for retail investors.
  • The IPO proceeds will fund various purposes, including debt repayment and investments in its subsidiary.
  • Standard Glass Lining Technology is recognized for manufacturing specialized equipment in the pharmaceutical and chemical sectors.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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