The year 2024 has proven to be great for the IPO market, and now investors are eagerly waiting for this year's IPO. Many major companies are likely to enter the IPO market in the year 2025 also. Meanwhile, the first IPO of this year is going to be launched next week.
First mainboard IPO of 2025:
The year 2024 proved to be a great one for the IPO market, and now investors are waiting for the IPO of 2025. This year also many major companies are ready to launch IPO. Meanwhile, the first mainboard IPO of this year is going to open next week. This IPO is of Standard Glass Lining Technology, which will open for investors from Monday, January 6, 2025. The last date for applications for this issue is Wednesday, January 8, 2025. The price band of the IPO has been fixed at Rs 133-140.
What's going on GMP?
According to Investorgain.com, the GMP (grey market premium) of Standard Glass Lining Technology's IPO is Rs 83. This means that the listing price of the company's shares can be close to Rs 223, due to which investors can get a profit of about 60%. According to the information, the company's shares can be listed on BSE and NSE on December 13.
Company details?
Hyderabad-based Standard Glass Lining Technology will issue fresh shares worth up to Rs 250 crore as part of its Rs 600 crore IPO. This IPO also includes an offer for sale of 1.84 crore shares, with the target of raising a total of Rs 350 crore. The company was established in September 2012.
company strategy
The company plans to use the funds raised from the IPO to meet capital expenditure needs. In addition, the company will repay or prepay certain outstanding borrowings taken by its subsidiaries. A part of the amount will also be spent on investing in its wholly owned subsidiaries and funding inorganic growth. The remaining amount will be used for general corporate purposes.
BY ANIL PAAL
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