GLEN Industries IPO
Open SmeCurrent GMP
₹55 (+56.70%)
Price Band
₹ 92 – 97
Lot Size
1200
Issue Size
₹63.02 Cr
Minimum Investment
₹232800 (2400 Shares)
Listing Date
15 July 2025
Subscription
269.81x
About the Company
GLEN Industries Limited, originally incorporated as GLEN Stationery Private Limited on October 5, 2007, in West Bengal, initially focused on manufacturing stationery and printing materials. Over time, the company transitioned into the packaging sector and underwent a series of corporate changes:
- Renamed to GLEN Industries Private Limited in December 2018.
- Converted to a public limited company and renamed GLEN Industries Limited in August 2024.
Business Activities:
GLEN Industries is engaged in the manufacturing of a diverse range of food packaging and service products, with a strong presence in the following markets:
- HoReCa (Hotel, Restaurant, Café/Catering)
- Quick Service Restaurants (QSR)
- Food, beverage, and dairy industries
Key Products:
- Thin Wall Food Containers
- Straws:
- Paper Straws
- Polylactic Acid (PLA) Straws
- U-shape Paper & PLA Straws for the beverage and dairy industries
Manufacturing & Capacity:
- Began food container production in 2019 with 195 MT/month; currently operates at 665 MT/month.
- Started straw production in 2019:
- Paper Straws: Now at 95 MT/month
- PLA Straws: Now at 160 MT/month
- Built a state-of-the-art 90,000 sq. ft. facility in Dhulagarh, Howrah, West Bengal to boost capacity and competitiveness.
- Production uses advanced, fully electric injection moulding machines from Japan and China.
- Maintains strict quality control and hygiene standards across all operations.
Export Market:
GLEN Industries exports regularly to:
- Europe, USA, Australia, Middle East, and Africa
- Has a loyal base of 25+ recurring international clients
Key Strengths:
- Highly skilled workforce and professional management
- Cutting-edge manufacturing infrastructure
- End-to-end control under one roof ensures quality and operational efficiency
- Strong compliance with international standards
- Customer-oriented with custom product design and labeling options
Promoters
- Mr. Lalit Agrawal
- Mrs. Lata Agrawal
- Mr. Nikhil Agrawal
- Mrs. Niyati Seksaria
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
72.99%
Objects of the Issue
The Company GLEN Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Setting Up a new manufacturing facility at Purba Bardhaman, PS – Jamalpur, Gram Panchayat: Jougram, Mouza – Jaugram, JL no 114, West Bengal 713166
- General Corporate Purpose
Address / Contact Info
GLEN Industries Limited
Rajveena, 2nd Floor,
50A, Block-C,New Alipore
Kolkata, West Bengal, 700053
Phone: +91 9831087598
Email: info@glen-india.com
Website: http://www.glen-india.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 08 July 2025
IPO Close Date
Thursday, 10 July 2025
Basis of Allotment
Friday, 11 July 2025
Initiation of Refunds
Monday, 14 July 2025
Credit of Shares to Demat
Monday, 14 July 2025
Listing Date
Tuesday, 15 July 2025 — NSE & BSE
Important Dates
Open Date
08 July 2025
Close Date
10 July 2025
Basis Of Allotment
11 July 2025
Listing Date
15 July 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 214.36 | 160.31 | 137.07 |
| Revenue | 171.28 | 145.22 | 119.59 |
| Profit After Tax | 18.27 | 8.58 | 1.49 |
| Net Worth | 40.21 | 26.65 | 18.07 |
| Reserve & Surplus | 40.8 | 39.16 | 30.67 |
| Total Borrowings | 132.83 | 88.83 | 81.65 |
EPS Pre
10.40%
EPS Post
7.59%
P/E Pre
9.33
P/E (Post Issue)
12.78x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon, Mar 31, 2025 |
|---|---|
| ROE % | 0 |
| ROCE % | 16.94 |
| Debt / Equity | 2.28 |
| RoNW % | 45.43 |
| PbW | 0 |
| Pat Margin % | 10.7 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1204800 | 0 | 0 |
| Non-Institutional | 906000 | 0 | 0 |
| Retail Investors | 2107200 | 0 | 0 |
| Employees | 153600 | 0 | 0 |
| Total | 4371600 | 0 | 0 |
Subscription Status ( Thu, 10 Jul 25 01:28 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1204800 | 231871200 | 192.46x |
| Non-Institutional | 906000 | 431809200 | 476.61x |
| Retail Investors | 2107200 | 474379200 | 225.12x |
| Total | 4218000 | 1138059600 | 269.81x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 232,800.00 |
| Retail (Max) | 2 | 2,400 | 232,800.00 |
| S-HNI (Min) | 3 | 3,600 | 349,200.00 |
| S-HNI (Max) | 8 | 9,600 | 931,200.00 |
| B-HNI (Min) | 9 | 10,800 | 1,047,600.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- GYR Capital Advisors Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
GLEN Industries IPO is a Book-building IPO worth ₹63.02 crores. The price band is ₹92 to 97 per share. The IPO opens on Tue, Jul 8, 2025 and closes on Thu, Jul 10, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The GLEN Industries IPO opens on Tue, Jul 8, 2025 and closes on Thu, Jul 10, 2025
GLEN Industries IPO Price Band is ₹92 to 97.
GLEN Industries IPO lot size is 1200, and the minimum amount required for application is ₹232800.
The minimum investment for GLEN Industries IPO is approximately ₹232800 based on the upper price band.
To apply for the GLEN Industries IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Jul 10, 2025. After submission, funds are blocked until the basis of allotment of GLEN Industries IPO is finalised.
GLEN Industries IPO issue size is ₹63.02 crores.
GLEN Industries IPO allotment date is Sat, Jun 27, 2026.
The registrar for GLEN Industries IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to GLEN Industries IPO through their official website or helpline.
The GLEN Industries IPO GMP (Grey Market Premium) is ₹55 as of Tue, Jul 15, 2025. Based on the upper price band of ₹97 per share, the estimated GLEN Industries IPO listing price is ₹152, indicating a potential listing gain of approximately 31% over the issue price.