The Initial Public Offering of Standard Glass Lining Technology Limited was subscribed 34.85 times on the second day of bidding.
The issue received bids of 72,58,72,378 shares against the offered 2,08,29,567 equity shares, at a price band of ₹133-140, according to the data available on the stock exchanges.
Non-Institutional Investors Portion and Retail Portion were subscribed 78.17 times and 32.87 times respectively, whereas Qualified Institutional Buyer Portion was subscribed 4.69 times. The issue kicked off for subscription on Monday, January 6, 2025, and will close on Wednesday, January 8, 2025.
IIFL Capital Services Limited, and Motilal Oswal Investment Advisors Limited are the book running lead managers and KFin Technologies Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.