Standard Glass Lining Technology’s Rs 1,250 crore IPO opens today, with a price band of Rs 133-140 per share and a GMP indicating a 69% premium. The issue includes fresh equity for capital expenditure, debt repayment, and strategic investments. Analysts recommend subscribing due to robust growth prospects.
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The company’s board also recommended a final dividend of Rs 2.10 per equity share for the financial year 2024–25.