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GLEN Industries IPO vs Super Iron Foundry IPO

Comparison between GLEN Industries IPO and Super Iron Foundry IPO.

IPO Details

GLEN Industries IPO is a SME Fixed Price IPO proposed to list at BSE SME while Super Iron Foundry IPO is a SME Fixed Price proposed to list at BSE SME.

 GLEN Industries IPOSuper Iron Foundry IPO
LogoGLEN Industries IPO LogoSuper Iron Foundry IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Horizon Management Pvt.Ltd.
RegistrarKfin Technologies Ltd.MUFG Intime India Pvt.Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.Giriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of GLEN Industries IPO is up to ₹59.79 Cr whereas the issue size of the Super Iron Foundry IPO is up to ₹64.64 Cr. The final issue price of GLEN Industries IPO is ₹97.00 per share and of Super Iron Foundry IPO is ₹108.00 per share.

 GLEN Industries IPOSuper Iron Foundry IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹92.00 per share
Issue Price (Upper)₹97.00 per share
Issue Price (Final)₹97.00 per share₹108.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)₹5.00 per share
Market Lot Size1200 shares1200 shares
Fresh Issue Size61,71,600 shares59,85,600 shares
Fresh Issue Size (Amount)up to ₹59.79 Crup to ₹64.64 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total61,71,600 shares59,85,600 shares
Issue Size Total (Amount)up to ₹59.79 Crup to ₹64.64 Cr

IPO Timetable

GLEN Industries IPO opens on Jul 08, 2025, while Super Iron Foundry IPO opens on Mar 11, 2025. The closing date of GLEN Industries IPO and Super Iron Foundry IPO is Jul 10, 2025, and Mar 13, 2025, respectively.

 GLEN Industries IPOSuper Iron Foundry IPO
Anchor Bid DateJul 07, 2025
Issue OpenJul 08, 2025Mar 11, 2025
Issue CloseJul 10, 2025Mar 13, 2025
Basis Of Allotment (Tentative)Jul 11, 2025Mar 17, 2025
Initiation of Refunds (Tentative)Jul 14, 2025Mar 18, 2025
Credit of Share (Tentative)Jul 14, 2025Mar 18, 2025
Listing date (Tentative)Jul 15, 2025Mar 19, 2025
Anchor Lockin End date 1Aug 10, 2025
Anchor Lockin End date 2Oct 09, 2025

Financials & KPIs

GLEN Industries IPO P/E ratio is 9.33, as compared to Super Iron Foundry IPO P/E ratio of 46.84.

 GLEN Industries IPOSuper Iron Foundry IPO
Financials

GLEN Industries Limited Financial Information (Restated Consolidated)

GLEN Industries Limited's revenue increased by 18% and profit after tax (PAT) rose by 113% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets214.36160.31137.07
Total Income171.28145.22119.59
Profit After Tax18.278.581.49
EBITDA40.4324.8713.89
Net Worth40.2126.6518.07
Reserves and Surplus40.8039.1630.67
Total Borrowing132.8388.8381.65
Amount in ₹ Crore

Super Iron Foundry Limited Financial Information (Restated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets226.62232.32209.2197.75
Total Income94.91156.87126.23132.31
Profit After Tax9.533.941.280.88
Net Worth70.5956.5652.6251.33
Reserves and Surplus53.540.0636.1234.83
Total Borrowing110.96118.63120.44125.72
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0096.53
Promoter Shareholding (Post-Issue)72.9970.53
P/E Ratio9.3346.84
Market Cap₹233.40 Cr.₹252.65 Cr.
ROE7.53%
ROCE16.94%7.22%
Debt/Equity2.286.26
EPS₹10.40₹2.31
RoNW45.43%6.97%

Shares Offered

In the GLEN Industries IPO Retail Individual Investors (RII) are offered 21,07,200 shares while in Super Iron Foundry IPO retail investors are offered 21,07,200 shares. Qualified Institutional Buyers (QIB) are offered 12,04,800 shares in GLEN Industries IPO and 0 shares in Super Iron Foundry IPO.

 GLEN Industries IPOSuper Iron Foundry IPO
Anchor Investor Reserveration18,00,000 shares0 shares
Market Maker Reserveration3,25,200 shares3,15,600 shares
QIB12,04,800 shares0 shares
NII9,06,000 shares29,92,800 shares
RII21,07,200 shares29,92,800 shares
Employee1,53,600 shares0 shares
Others
Total61,71,600 shares59,85,600 shares

Bids Received (Subscription)

GLEN Industries IPO subscribed 260.28x in total, whereas Super Iron Foundry IPO subscribed 1.56x.

 GLEN Industries IPOSuper Iron Foundry IPO
QIB (times)192.46x
NII (times)476.25x1.34x
Big NII (times)588.85x
Small NII (times)251.24x
RII (times)225.15x1.79x
Employee (times)0.36x
Other (times)
Total (times)260.28x1.56x