Mumbai22 minutes ago
- copy link
Shares of Standard Glass Lining Technology were listed today at Rs 172 on the National Stock Exchange (NSE), up 22.8% from its issue price. The share was listed at Rs 176 on the Bombay Stock Exchange (BSE), 25.71% above the issue price. The issue price of Standard Glass Lining was Rs 140.
Standard Glass shares opened for market listing on January 6. Investors could bid in it till January 8. The value of this issue was Rs 410.05 crore.
For this the company had issued 1.50 crore shares worth Rs 210 crore. At the same time, the existing investors of the company sold 1.43 crore shares worth Rs 200.05 crore through Offer for Sale i.e. OFS.
Company manufactures engineering equipment for pharmaceuticals
Standard Glass Lining Technology Limited is a manufacturing of engineering equipment for the pharmaceutical and chemical sectors in India. It was established in 2012. The company has in-house production capacity for all its products.
The company provides turnkey solutions, including design, engineering, manufacturing, assembling, installation and standard operating procedures, to pharmaceutical and chemical producers.
What is IPO?
When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.
——————————-
Read this news also…
Lakshmi Dental’s IPO opens from today: Investment opportunity till January 15, shares will be listed on BSE-NSE on January 20.
Lakshmi Dental Limited’s IPO is opening for investors from today. Investors will be able to bid for this issue till Wednesday, January 15. The company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on January 20.
The company wants to raise a total of ₹698.06 crore through this issue. For this, the existing investors of the company are selling 1,30,85,467 shares worth ₹560.06 crore. Along with this, the company is issuing 32,24,299 fresh shares worth ₹138 crore.
Click here to read the full news…
Source link
[ad_3]
