Standard Glass IPO Fully Subscribed

New Delhi: The initial public offer of Standard Glass Lining Technology Ltd got fully subscribed within minutes of opening for share sale on Monday.The public issue received bids for 6,70,40,315 shares against 2,08,29,567 shares on offer, translating into 3.22 times subscription, as per NSE data.

Retail Individual Investors (RIIs) part fetched 4.47 times subscription while the quota for non-institutional investors garnered 4.42 times subscription. Standard Glass Lining Technology on Friday said it has mobilised Rs 123 crore from anchor investors.

The issue, with a price band of Rs 133-140 per share, will conclude on January 8. The Rs 410.05 crore public issue is a combination of fresh issuance of equity shares worth Rs 210 crore and an OFS of up to 1.43 crore shares by promoters and other selling shareholders, according to the RHP.