GLEN Industries IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Tue, 08 Jul 2025
Close Date
Thu, 10 Jul 2025
Price Band
₹ 92 – 97
Lot Size
1200
Issue Size
₹ 63.02 Cr
Minimum Investment
₹ 232,800 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
GLEN Industries IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹63.02 Crore, comprising a fresh issue of 64.97 Lakh equity shares aggregating to ₹63.02 Crore.
The GLEN Industries IPO remained open for subscription from July 08, 2025, to July 10, 2025. The basis of allotment was finalized on July 11, 2025, and the company's shares were listed on BSE SME Platform on July 15, 2025.
The company had fixed the price band at ₹92 to ₹97 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹232,800 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 153,600 equity shares for eligible employees, who received a discount of ₹5.00 per share.
KFin Technologies Limited served as the registrar to the issue. GYR Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, GLEN Industries Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
GLEN Industries IPO Timeline (Tentative)
- IPO Open Date
- Tue, 08 Jul 25
- IPO Close Date
- Thu, 10 Jul 25
- Basis of Allotment
- Fri, 11 Jul 25
- Initiation of Refunds
- Mon, 14 Jul 25
- Credit of Shares to Demat
- Mon, 14 Jul 25
- Listing Date
- Tue, 15 Jul 25 — NSE & BSE
Open Date
08 July 2025
Close Date
10 July 2025
Basis Of Allotment
11 July 2025
Listing Date
15 July 2025
IPO Subscription
Check Live Subscription →The GLEN Industries IPO has received bids for 1,13,80,59,600 shares against 42,18,000 shares offered, resulting in an overall subscription of 269.81x. the NII category is subscribed 476.61x, Retail Investors 225.12x, and QIBs 192.46x.
QIB
192.46x
NII
476.61x
RII
225.12x
Total
269.81x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 21,07,200 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 12,04,800 shares (0%), while Non-Institutional Investors (NIIs) receive 9,06,000 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,204,800 | 0% |
| Non-Institutional | 906,000 | 0% |
| Retail Investors | 2,107,200 | 0% |
| Employees | 153,600 | 0% |
| Total | 4,371,600 | 0% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
GLEN Industries Limited KPI Information
| Particular | KPI as of Mon, Mar 31, 2025 |
|---|---|
| ROCE % | 16.94 |
| Debt / Equity | 2.28 |
| RoNW % | 45.43 |
| Pat Margin % | 10.7 |
Peers Comparison
No Peer Comparision Available
About GLEN Industries Limited
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
GLEN Industries IPO 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%
GLEN Industries IPO Objective
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
GLEN Industries Limited Address / Contact Details
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
GLEN Industries IPO Lot Size
The GLEN Industries IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,32,800 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,32,800.
| 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 |
Issue Reservation
Book Running Lead Managers
- GYR Capital Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the GLEN Industries IPO?
GLEN Industries IPO is a Book-building IPO with a total issue size of ₹63.02 crore. The GLEN Industries IPO price band is ₹92 to 97 per share. The GLEN Industries IPO subscription opens on Tue, Jul 8, 2025, and closes on Thu, Jul 10, 2025. The GLEN Industries IPO will be listed on the BSE. KFin Technologies Limited is the registrar for the GLEN Industries IPO.
When will the GLEN Industries IPO open for subscription?
The GLEN Industries IPO opens on Tue, Jul 8, 2025 and closes on Thu, Jul 10, 2025
What is GLEN Industries IPO Price Band?
GLEN Industries IPO Price Band is ₹92 to 97 per share.
What is GLEN Industries IPO Lot Size?
GLEN Industries IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹232800 based on the upper price band
What is the minimum investment for GLEN Industries IPO?
The minimum investment for GLEN Industries IPO is ₹232800, based on one lot of 1200 shares at the upper price band of ₹97 per share.
How to apply for GLEN Industries IPO?
Investors can apply for the GLEN Industries IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Jul 10, 2025. The application amount remains blocked until the GLEN Industries IPO allotment is finalized.
What is GLEN Industries IPO Issue Size?
GLEN Industries IPO issue size is ₹63.02 crores.
What is the GLEN Industries IPO Allotment Date?
GLEN Industries IPO allotment date is Fri, Jul 11, 2025.
Who is the GLEN Industries IPO Registrar?
The registrar for GLEN Industries IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check GLEN Industries IPO allotment status, refund processing, and other IPO-related information.
What is the GLEN Industries IPO GMP?
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 56.70% over the issue price.
Who is the GLEN Industries IPO Lead Manager?
The book-running lead managers (BRLMs) for the GLEN Industries IPO are GYR Capital Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the GLEN Industries IPO Red Herring Prospectus (RHP).