The IPO Adventure of Parkavi and Tamilini
Introduction to Standard Glass Lining Technology Limited IPO
What is an IPO?
Parkavi: Hey Tamilini, have you heard about the latest IPO of Standard Glass Lining Technology Limited?
Tamilini: IPO? What's that, Parkavi? IPO? Is it a new kind of drink?
Parkavi: (laughs) IPO stands for Initial Public Offering. It's when a company offers its shares to the public for the first time. Standard Glass Lining's IPO is opening soon, and it's very exciting!
IPO Investment Details
Key Dates and Price Band
Tamilini: Can you tell me more about it? I've never heard of an IPO before.
Parkavi: Of course! The IPO opens on January 6, 2025, and closes on January 8, 2025. The price band is ₹133 to ₹140 per share. You can apply for a minimum of 107 shares, which will cost ₹14,980.
Why Invest in This IPO?
Tamilini: That sounds interesting. But why should someone invest in this IPO?
Parkavi: Good question! Standard Glass Lining is well-established in the pharmaceutical and chemical sectors. They've shown consistent growth in revenue and profit. Investing in their IPO could be a good opportunity for returns.
IPO Allotment Process
How Shares Are Allotted
Tamilini: How do they decide who gets the shares?
Parkavi: The allotment is based on a process called book building. The company will finalize the allotment on January 9, 2025. If you're allotted shares, they'll be credited to your Demat account by January 10, 2025, and the company will list on the NSE and BSE on January 13, 2025.
Financial Performance
Tamilini: Got it. What about the company's financials?
Parkavi: Standard Glass Lining has shown impressive growth. Their revenue increased by 10%, and their profit after tax rose by 12% between March 2023 and March 2024. They have a strong balance sheet and a promising future.
Detailed Explanation of the Investment Process
Steps to Invest in the IPO
Tamilini: How do you invest in an IPO?
Parkavi: First, you need a Demat account and a trading account. You can apply for the IPO online or through your broker. You need to confirm the UPI mandate by January 8, 2025.
Understanding the Book Building Process
Tamilini: How does the IPO allotment process work?
Parkavi: In the book building process, investors place bids within the price band. The company finalizes the price and allocates the shares. 35% of the shares are reserved for retail investors.
Company Products and Services
Tamilini: Can you tell me about the company's products?
Parkavi: Standard Glass Lining manufactures engineering equipment, especially for the pharmaceutical and chemical sectors. They provide turnkey solutions, including design, engineering, manufacturing, assembly, installation, and standard operating procedures.
Conclusion
Final Thoughts
Tamilini: Thanks, Parkavi! You've explained everything so well. I'm excited to learn more about investing.
Parkavi: Anytime, Tamilini! Investing is all about making informed decisions. Happy investing!
Summary of Main Points:
- IPO Details: Standard Glass Lining Technology Limited's IPO opens on January 6, 2025, and closes on January 8, 2025. The price band is ₹133 to ₹140 per share.
- Investment Requirements: Minimum lot size is 107 shares, costing ₹14,980. Allotment is finalized on January 9, 2025, and shares are credited to Demat accounts by January 10, 2025. Listing date is January 13, 2025.
- Company Overview: Established in 2012, the company manufactures engineering equipment for pharmaceutical and chemical sectors, offering turnkey solutions.
- Financial Performance: Revenue increased by 10% and profit after tax rose by 12% between March 2023 and March 2024.
- Investment Process: Requires a Demat and trading account. Applications can be made online or through a broker, with UPI mandate confirmation by January 8, 2025.
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