Standard Glass Lining IPO: Expert Analysis, GMP Update, and Post-Listing Strategy
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Standard Glass Lining IPO – After Listing, Whether to Sell or Hold? Expert Analysis and Newest GMP Updates
Investors have shown enviable demand for the Standard Glass Lining Technology IPO, with the subscription rate reaching 183 times. As a result, experts are confident in anticipating a very busy listing on January 13 and suggests the listed investors could gain 60% profit. With such high figures, the issue size of ₹410.05 crores was broken into ₹133-₹140 per share price.
Latest GMP Update for Standard Glass IPO
For the moment, shares of Standard Glass Lining Technology have reached a premium price of ₹48 in the grey market. Such activity indicates the possible listing price of ₹188, which would give investors a profit off 34.29%. Nonetheless, grey market price movements can be random and this should be taken into consideration.
Post Listing Strategy: What Investors Should Do
Investors are in the right position with the company’s debut expected on January 13, which is set to rank above the price listing by 64%. According to Prathamesh Masdeckar of Stocksbox, the market is setting itself up for a favorable position. Considering that the target goal is to reach 20% of revenue from exports by 2026 instead of the current 0.5%, he goes on to suggest that investors should aim to hold these positions for the medium to long-term time frame.
According to Narendra Solanki from the Anand Rathi Shares research, the top price band indicates a company’s valuation standing at 43.01x and P/E with 30.08x EV / EBITDA, which speaks for itself. He recommends maintaining a long position in the stock subject to their risk appetite because of the market cap standing at 27928 million and 20.74% return on net worth after post issue.
Business Overview: Standard Glass Lining Technology
Like many other Indian companies, Standard Glass Lining Technology specializes in providing specialized engineering equipment for the pharma and chemical industries. The company has an impressive portfolio with over 60 products developed and more than 15 products under development.
Aside from that, the company also intends to develop its capability in order to target industries such as oil and gas, embedded oil, and heavy engineering, that is, the 150 thickness segment. This plan is being made to further increase diversification and growth and profit possibilities.
Conclusion
Investors should consider the IPO of Standard Glass Lining Technology due to the favorable prospects accompanying it. Based on long-term optimistic mark let expectations and expert it provide a “hold” rating, with those investors who are willing to sync with the development of the particular company may reap bountiful investment returns.
Disclaimer: These views and opinions are solely those of the particular experts and brokerage firms. Hence, the stand of the website and the management does not share the same. Always seek advice from a professional before making the investment choice.
Table of Contents
- Standard Glass Lining IPO – After Listing, Whether to Sell or Hold? Expert Analysis and Newest GMP Updates
- Latest GMP Update for Standard Glass IPO
- Post Listing Strategy: What Investors Should Do
- Business Overview: Standard Glass Lining Technology
- Conclusion
