Standard Glass Lining Technology has debuted at Rs 176.00 on the BSE, up by 36 points or 25.71% from its issue price of Rs 140.00.
The scrip is currently trading at Rs 174.95, up by 34.95 points or 24.96% from its issue price. It has touched a high and low of Rs 181.70 and Rs 163.85 respectively. So far 25.21 lakh shares were traded on the counter.
The offering, which was open for subscription between January 6, 2025 and January 8, 2025, was subscribed 183.18 times. The issue price was fixed at Rs 140.00 per share i.e. at upper end of price band of Rs 133-140 apiece.
Standard Glass Lining Technology together with its subsidiaries is primarily engaged in the business of manufacturing and selling of glass lined reactors, receivers and storage tanks and is specialised in providing the turnkey solutions for the pharmaceutical industry sector.
