Standard Glass IPO fully subscribed
New Delhi New Delhi: The initial public offer of Standard Glass Lining Technology Ltd was fully subscribed within minutes of opening for share sale on Monday. According to NSE data, the public issue received bids for 6,70,40,315 shares against 2,08,29,567 shares on offer, a 3.22 times subscription. The retail individual investors (RIIs) portion was subscribed 4.47 times, while the non-institutional investors’ quota was subscribed 4.42 times. Standard Glass Lining Technology on Friday said it has raised Rs 123 crore from anchor investors. The issue, with a price band of Rs 133-140 per share, will close on January 8. According to the RHP, the Rs 410.05-crore public issue is a combination of a fresh issue of equity shares worth Rs 210 crore and an OFS of up to 1.43 crore shares by promoters and other selling shareholders.
