Standard Glass' IPO fully subscribed on day one, ends with 13x subscription

The initial public offer of Standard Glass Lining Technology Ltd got fully subscribed within minutes of opening for share sale on Monday and finally ended the day with 13.32 times subscription.The public issue received bids for 27,75,00,862 shares against 2,08,29,567 shares on offer, translating into 13.32 times subscription, as per NSE data.The quota for non-institutional investors garnered 25.42 times subscription while Retail Individual Investors (RIIs) part fetched 14.46 times subscription. Qualified Institutional Buyers (QIBs) portion received 1.82 times subscription.Standard Glass Lining Technology on Friday said it has mobilised Rs 123 crore from anchor investors.The issue, with a price band of Rs 133-140 per share, will conclude on January 8.The Rs 410.05 crore public issue is a combination of fresh issuance of equity shares worth Rs 210 crore and an Offer For Sale (OFS) of up to 1.43 crore shares by promoters and other selling shareholders, according to the Red Herri