Standard Glass Lining Technology Makes Promising IPO Debut Amid Surge in Demand

Kathmandu, January 12 - The Initial Public Offering (IPO) market is abuzz with excitement as Standard Glass Lining Technology's IPO has drawn remarkable interest from investors, with the issue being oversubscribed by a whopping 34.82 times.

According to sources close to the bazaar, retail investors have led the charge in subscribing 24.36 times their allocated share, while non-institutional investors showed even greater eagerness, bidding 47.86 times to their respective shares. Qualified institutional buyers, however, demonstrated more measured interest, with a subscription ratio of 3.42 times.

These numbers signal an expected strong debut for the grey market, with the shares commanding a premium of around Rs 66 per share compared to the IPO price. This surge reflects investors' optimism about the company's prospects and growth potential.

On the other hand, Quadrant Future Tek's upcoming issue is also generating significant buzz, drawing massive retail interest. As per current trends, the issue has already been subscribed by a notable 15.84 times as of Day 1, with retail investors making up 54.72 times their respective shares. While details around the offer and subscription process are still pending, investors are optimistic about this next investment opportunity.

The IPO market's upward trend has bolstered confidence among investors, who are eager to capitalize on promising projects like Standard Glass Lining Technology and Quadrant Future Tek.