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News Details

31/12/2024 20:10

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Standard Glass Linin announces launch of initial public offering

Standard Glass Lining Technology Ltd. has announced public offering of 29289367 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 130.00 per share. The gross proceeds of the issue are expected to be Rs 41,005.11 lakhs.

The company's initial public offer (IPO) will open on 06 January 2025 and is expected to close on 08 January 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 133.00-140.00 per share.

The IPO includes a fresh Issue of 29289367 Equity Shares of the Company at an price of Rs 140.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 107 shares with bids in multiples of 107.

Standard Glass Lining Technology Ltd. anticipates using the proceeds of the issue for .

Motilal Oswal Investment Advisors Private Limited,IIFL Capital Services Limited as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.