The strong subscription aligns with grey market trends, as Standard Glass Lining's unlisted shares were trading at Rs 237, reflecting a grey market premium (GMP) of Rs 97 or 69.
Its product portfolio comprises core engineering equipment, including reaction systems, storage, separation & drying systems, and plant engineering and services (including other ancillary parts).
Post-closure, the basis of allotment will tentatively be finalised on Thursday, January 9, 2025, with shares credited to demat accounts on Friday, January 10, 2025.
The story "Standard Glass Lining IPO update; Subscription soars 6x, GMP zooms 69%" has 435 words across 18 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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