Amansa Investment invests Rs 40 crore in Standard Glass Lining Technology IPO via private placement
Standard Glass Lining Technology, a manufacturer of specialized engineering equipment for the pharmaceutical and chemical industries, has secured Rs 40 crore through pre-IPO funding via private placement from Amansa Investments.
As per the company’s public announcement on December 17, 2024, it issued 28,57,142 equity shares to Amansa Investments at a price of Rs 140 per share (including a premium of Rs 130), in consultation with the lead bankers.
This transaction, amounting to Rs 40 crore, represents 1.55% of the company’s pre-offer share capital.
According to the DRHP filed in July 2024, the public issue, with a face value of Rs 10 per equity share, consists of a mix of a fresh issue of shares up to Rs 250 crore and an offer for sale of up to 18,444,000 equity shares by promoters and other selling shareholders. In October 2024, the company received SEBI’s final observation for the IPO.
IIFL Securities Limited and Motilal Oswal Investment Advisors Limited are the book-running lead managers, and KFin Technologies Limited is the registrar of the issue.
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