Investors made a lot of money through IPO in the year 2024. Now in the new year i.e. 2025, there is good news for IPO investors. An IPO is going to open in the market on january 6, whose GMP is already blowing people's senses. Let us tell you about it in detail, along with this, let us also tell you what this company does and how much money it is planning to raise from this IPO.
Which IPO is this?
The IPO we are talking about is named Standard Glass Lining technology Limited IPO. It is going to open for subscription on 6 january 2025. Through this IPO, the company has set a target of raising Rs 410.05 crore from the market. This is a big opportunity for those investors who are thinking of making profits even in the falling market.
Standard Glass Lining IPO Information
This IPO is a book built issue of Rs 410.05 crore. It includes a fresh issue of 1.50 crore shares worth Rs 210 crore and an offer for sale (OFS) of 1.43 crore shares worth Rs 200.05 crore. The promoters of the company include nageswara rao Kandula, Kandula krishna Veni and other prominent people.
Price band of IPO
The price band of Standard Glass Lining IPO has been fixed at Rs 133 to Rs 140 per share. The minimum lot size is 107 shares, which means retail investors will have to invest at least Rs 14,980.
GMP showed strength
The gray market premium (GMP) of Standard Glass Lining IPO in the unlisted stock market is Rs 88. This is 62.8% higher than the cap price, which shows huge enthusiasm among investors. If this GMP remains, then investors will make a profit of Rs 88 per share in just one day. However, it is possible that the GMP of this IPO may increase further in the coming days.
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