Mumbai6 minutes ago
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The initial public offer i.e. IPO of Standard Glass Lining Technology Private Limited will open on January 6. Investors will be able to bid for it till January 8. On January 13, the company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The company wants to raise ₹410.05 crore through this issue. For this, the company will issue 1.50 crore shares worth Rs 210 crore. Whereas, the existing investors of the company are selling 1.43 crore shares worth Rs 200.05 crore through Offer for Sale i.e. OFS.
Company raised IPO price band to ₹133-₹140
Standard Glass has fixed the price band of its IPO at Rs 133 to Rs 140 per share. Retail investors can bid for a minimum of one lot i.e. 107 shares. If you apply for 1 lot at the upper price band of IPO at ₹ 140, then you will have to invest Rs 14,980.
At the same time, retail investors can apply for maximum 13 lots i.e. 1391 shares. For this, investors will have to invest Rs 1,94,740 as per the upper price band.
