Standard Glass Lining IPO to Debut on BSE and NSE: Grey Market Signals 46% Listing Gains

Vijay Singh
3 Min Read

Standard Glass Lining Technology Limited is set to make a splash in the stock market as its much-anticipated IPO listing date has been confirmed for Monday, 13 January 2025. The shares of the company will debut on both the BSE and NSE during a Special Pre-Open Session, with trading commencing at 10:00 AM in the ‘B’ category of securities. Following robust investor demand, the IPO has generated significant excitement in the secondary market, bolstered by impressive grey market activity.

Standard Glass Lining IPO GMP Today

The Grey Market Premium (GMP) for Standard Glass Lining IPO stands at ₹80 today, showing a significant jump from ₹64 on Friday, signaling a bullish sentiment ahead of the listing. This sharp uptick indicates that grey market traders expect more than 45% listing gains for IPO allottees, despite recent weakness in the broader Indian stock market. Observers note that the GMP peaked at ₹90 earlier, reflecting sustained optimism around the company’s performance.

Expected Listing Price and Gains

Based on the current GMP of ₹80, the grey market predicts the listing price of Standard Glass Lining shares to be approximately ₹220 (calculated as ₹140 upper price band + ₹80 GMP). This translates to a 46% gain over the IPO’s issue price, making it a lucrative opportunity for the lucky investors who were allotted shares.

Key IPO Listing Details

According to a BSE notice, the equity shares of Standard Glass Lining Technology Limited will be listed and available for trading starting 13 January 2025. The shares are classified under the ‘B’ Group of Securities, adding another prominent listing to this category.

Here’s what the official BSE notice states:
“Trading Members of the Exchange are hereby informed that effective from Monday, January 13, 2025, the equity shares of STANDARD GLASS LINING TECHNOLOGY LIMITED shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities.”

GMP Trends and Investor Sentiment

The steady rise in the IPO’s grey market premium is being viewed as a positive sign by market participants. Despite bearish sentiment in the Indian stock market, the IPO has managed to hold its GMP at elevated levels, showcasing investor confidence in the company’s future growth potential. Notably, even though the GMP is not an official indicator of listing performance, it has been a reliable metric for gauging market sentiment ahead of high-profile listings.

Expert Advice for Investors

While the grey market is buzzing with optimism, market experts advise caution. They stress the importance of analyzing the company’s financials, business model, and fundamentals before making any decisions post-listing. Grey market trends, being unofficial and unregulated, can often be speculative and influenced by vested interests.

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