Standard Glass IPO Shares To List On January 13: Analysts Weigh In
Standard Glass Lining IPO GMP: According to stock market observers, company shares are available at a premium of ₹80 in the grey market today. Studies suggest that they can subscribe to the IPO.
Standard Glass IPO Shares To List On January 13, 2025
The much-anticipated listing of Standard Glass's initial public offering (IPO) shares is set to take place on January 13, 2025. As investors eagerly await the listing, analysts have begun to weigh in on the best strategy for investors: buy, sell, or hold.
IPO Details
Standard Glass's IPO, which opened for subscription on January 6 and closed on January 8, was subscribed to 185.48 times. In fact, the company has raised Rs 123.02 crore from anchor investors.
Standard Glass Lining IPO price band is set at ₹133 to ₹140 per share. The minimum lot size for an application is 107. The minimum amount of investment required by retail investors is ₹14,980. The minimum lot size investment for sNII is 14 lots (1,498 shares), amounting to ₹2,09,720, and for bNII, it is 67 lots (7,169 shares), amounting to ₹10,03,660.
Analysts' Recommendations
Analysts from various brokerages have shared their views on the listing and future prospects of Standard Glass's shares. Here's the detail of their recommendations:
According to Dilip Davda, “The company enjoys the most preferred partner for glass lined equipment used by pharma, chemical sectors in India. The company marked steady growth in its top and bottom lines for the reported periods. Based on FY25 annualized earnings, the issue appears fully priced. Partial reduction of debt and other inorganic growth plans will increase its earnings going forward. Investors may park funds for the medium to long term.
Another analyst, Prathamesh Masdekar of StoxBox, believes the company is on track for an impressive market debut on January 13 with a 64% premium over its upper price range.
Hence, as the listing date approaches, investors are advised to keep a close eye on market trends and analyst recommendations before making any investment decisions.
