Commonplace Glass Lining Know-how IPO: Situation of ₹410 crore will open on January 6, shares are already working in grey market – INA NEWS

Commonplace Glass Lining Know-how IPO: The general public concern of Commonplace Glass Lining Know-how, which manufactures engineering gear for the pharmaceutical and chemical sectors, is opening on January 6. Cash will be invested on this until January 8. The corporate is planning to boost Rs 410.05 crore from its IPO. Earlier than the IPO, on January 3, the corporate raised Rs 123.01 crore from 9 institutional buyers via anchor ebook.

The problem will see the problem of 1.50 crore new fairness shares value Rs 210 crore, together with a suggestion on the market of 1.43 crore shares value Rs 200.05 crore. The worth band for Commonplace Glass Lining Know-how IPO is Rs 133-140 per share and the lot dimension is 107 shares. After the closing of the IPO, the allotment of shares can be last on January 9 and the itemizing will happen on NSE, BSE on January 13.

What’s the grey market saying?

Within the grey market, Commonplace Glass Lining shares are buying and selling at a premium of Rs 97 or 69.29% to the higher worth band of IPO from Rs 140. The share will be listed at a worth of Rs 237. The grey market is an unauthorized market the place shares of an organization commerce till its itemizing. IIFL Securities and Motilal Oswal Funding Advisors are the service provider bankers for this IPO.

7 new IPOs will open within the week ranging from January 6, 6 corporations can be listed.

How a lot portion of IPO is reserved?

The promoters of Commonplace Glass Lining Know-how are Nageswara Rao Kandula, Kandula Krishna Veni, Kandula Ramakrishna, Venkata Mohan Rao Katragadda, Kudarvalli Punna Rao and M/s S2 Engineering Providers. 50 % of the IPO is reserved for certified institutional patrons, 35 % for retail buyers and 15 % for non-institutional buyers.

Monetary well being of Commonplace Glass Lining Know-how

Within the monetary 12 months 2022, it had a internet revenue of Rs 25.15 crore, which jumped to Rs 53.42 crore within the subsequent monetary 12 months 2023 and to Rs 60.01 crore within the monetary 12 months 2024. Throughout this era, the corporate’s income elevated at a compound development charge (CAGR) of greater than 50 % yearly to Rs 549.68 crore. Speaking concerning the present monetary 12 months 2024-25, within the first half April-September 2024, it has achieved a internet revenue of Rs 36.27 crore and a income of Rs 312.1 crore.

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