The ₹1,250 crore issue includes a fresh equity offering of up to ₹210 crore and an offer for sale of up to 1.42 crore shares, with bidding open until January 8. The issue has been subscribed 4.34 times so far.

The IPO allotment is scheduled for January 10, 2025, with refunds expected to be processed by January 13. Shares will likely be credited to demat accounts on the same day, and the listing is anticipated on January 14 on the BSE and NSE.

The Standard Glass Lining Technology Limited IPO opened for subscription today, marking a promising start in the Indian primary market. Investors can bid for shares in this pharma engineering equipment manufacturer until 5:00 pm on January 8,

The retail portion of the issue was subscribed 105.12 times, while non-institutional investors subscribed 29.26 times. Qualified institutional bidders booked 36.20 lakh shares of the allotted portion.

Fabtech Technologies Cleanrooms Ltd. reported a revenue of Rs 62.22 crore and a net profit of Rs 5.4 crore for the period ended Sept. 30, 2024. In FY24, its revenue declined by 22% to Rs 98 crore from Rs 125.10 crore in FY23. The net profit during this period decreased 27% year-on-year to Rs 5.78 crore from Rs 7.96 crore.

The firm’s maiden offering has been priced in the range of Rs 133 to Rs 140 per equity share. The company generated Rs 123.02 crore from the anchor investors ahead of its subscription window.

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.

Standard Glass Lining IPO offers shares to retail, QIBs, and HNIs, with proceeds for expansion and debt repayment.