Customary Glass Lining IPO Subscription: Traders positioned bets closely on the second day, subscribed 30 occasions to this point – INA NEWS
Customary Glass Lining Expertise IPO: The IPO of Customary Glass Lining Expertise is getting a robust response from buyers. As of the second day of subscription, the difficulty has been subscribed 29.87 occasions. It has obtained bids for a complete of 62.20 crore shares, whereas there are 2.08 crore shares on provide. This firm manufactures engineering gear for the pharmaceutical and chemical sectors. Cash may be invested on this until January 8. The corporate is planning to lift Rs 410.05 crore from its IPO.
Customary Glass Lining IPO: Class sensible subscription
Certified Institutional Patrons (QIB) тАУ 4.55 occasions
Non Institutional Traders (NII) тАУ 63.56 occasions
Retail Traders (RII) тАУ 29.35 occasions
Complete тАУ 29.87 occasions
(07 Jan 2025 | 02:57:00 PM)
Customary Glass Lining IPO рдХрд╛ GMP
Customary Glass Lining’s IPO is getting sturdy response from buyers within the grey market. At the moment this challenge is buying and selling at a premium of Rs 96 within the unlisted market. Based on this, the corporate’s shares are more likely to be listed at a worth of Rs 236. If this occurs then buyers will get an enormous revenue of 68.57 %.
About Customary Glass Lining IPO
1.50 crore new fairness shares value Rs 210 crore have been issued within the challenge. Additionally, there’s a proposal on the market of 1.43 crore shares value Rs 200.05 crore. The worth band for Customary Glass Lining Expertise IPO is Rs 133-140 per share and the lot measurement is 107 shares. After the closing of the IPO, the allotment of shares will probably be last on January 9 and the itemizing will happen on NSE, BSE on January 13.
Monetary well being of Customary Glass Lining Expertise
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 progress fee (CAGR) of greater than 50 % yearly to Rs 549.68 crore. Speaking in regards to 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.
Disclaimer: The data offered right here is for info solely. It is very important point out right here that investing out there is topic to market dangers. As an investor, at all times seek the advice of an knowledgeable earlier than investing cash. Moneycontrol by no means advises anybody to speculate cash right here.
Customary Glass Lining IPO Subscription: Traders positioned bets closely on the second day, subscribed 30 occasions to this point
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