Standard Glass Lining Technology IPO subscribed over 182 times

Hyderabad: The initial public offering of Hyderabad-based Standard Glass Lining Technology Limited was subscribed 182.57 times on Wednesday, the final day of bidding.
The IPO, which included a Rs 210 crore fresh issue and an offer for sale of shares worth around Rs 200 crore, received bids for 3,80,27,61,70 shares against the offered 2,08,29,567 equity shares, at a price band of ₹133-140, according to the data available on the stock exchanges.
The qualified institutional buyer portion and non-institutional investors portion were subscribed 331.60 times and 267.99 times, respectively, whereas the retail portion was subscribed 63.99 times. The company makes specialised equipment for the pharmaceutical and chemical industries.
IIFL Capital Services Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers, and KFin Technologies Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.