Standard Glass Lining IPO received a massive 182.57 times subscription at the end of the third and final day of the bidding process on January 8. The QIB category was booked 331.60 times, the NII category 267.

The IPO has received bids for nearly 28.39 crore equity shares, compared to the offer size of 58 lakh shares, as per the subscription data on the NSE.

Hyderabad-based Standard Glass Lining Technolgy sold its shares in the price band of Rs 133-140 apiece, which could be applied for a minimum of 107 shares and its multiples to raise 410.05 crore.

Standard Glass Lining Technology's IPO was oversubscribed within an hour of opening, driven by strong retail and non-institutional investor interest. The company plans to use proceeds for capital expenditure,

Unlisted shares of Standard Glass Lining Ltd continue to trade at Rs 237 apiece in the grey market, which is a 69.29 per cent premium over the upper IPO price of Rs 140. It indicates a robust listing gain for investors on January 13.

IPO News, Indobell Insulation IPO opens today & Standard Glass Lining Technology IPO GMP Day 1 Live Updates: Follow the latest updates on the Standard Glass Lining Technology IPO and Indobell Insulation IPO as they open for subscription today.

Standard Glass Lining Technology's Rs 1,250 crore IPO opens today, with a price band of Rs 133-140 per share and a GMP indicating a 69% premium. The issue includes fresh equity for capital expenditure,