Bookbuilding IPO | ₹63 Cr | Listed at BSE SME | Tue, Jul 8, 2025 - Thu, Jul 10, 2025
GLEN Industries IPO is a book build issue of ₹62.94 crores. The issue is entirely a fresh issue of 0.65 crore shares of ₹62.94 crore.
GLEN Industries IPO bidding started from Jul 8, 2025 and ended on Jul 10, 2025. The allotment for GLEN Industries IPO was finalized on Jul 11, 2025. The shares got listed on the BSE SME on Jul 15, 2025.
GLEN Industries IPO is set final issue price at ₹97 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹1,16,400 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,49,200.
The issue includes a reservation of up to 1,53,600 shares for employees offered at a discount of ₹5.00 to the issue price.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to GLEN Industries IPO RHP for detailed Information.
IPO Open
Tue, Jul 8, 2025
IPO Close
Thu, Jul 10, 2025
Issue Price
₹97 per share
Market Cap (Pre-IPO)
₹233.40 Cr
| IPO Date | 8 to 10 Jul, 2025 |
| Listed on | Tue, Jul 15, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹92 to ₹97 |
| Issue Price | ₹97 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Employee Discount | ₹5.00 |
| Total Issue Size | 64,96,799 shares (agg. up to ₹63 Cr) |
| Reserved for Market Maker | 3,25,200 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 61,71,599 shares (agg. up to ₹60 Cr) |
| Net Offered to Public | 61,71,599 shares (agg. up to ₹60 Cr) |
| Share Holding Pre Issue | 1,75,64,570 shares |
| Share Holding Post Issue | 2,40,61,369 shares |
| BSE Script Code | 544444 |
| ISIN | INE0UMC01019 |
GLEN Industries IPO comprises a total issue size of 64,96,800 shares. The net offer to the public is 60,18,000 shares, after excluding 3,25,200 shares allotted on a firm basis and 1,53,600 shares under a preferential allotment. Of the Net offer 30,04,800 (49.93%) are allocated to QIB, 9,06,000 (15.05%) allocated to NII 21,07,200 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 30,04,800 | 49.93% | 46.25% |
| − Anchor Investor Shares Offered | 18,00,000 | 27.71% | |
| − QIB (Ex. Anchor) Shares Offered | 12,04,800 | 18.54% | |
| NII (HNI) Shares Offered | 9,06,000 | 15.05% | 13.95% |
| − bNII > ₹10L | 6,04,800 | 9.31% | |
| − sNII < ₹10L | 3,01,200 | 4.64% | |
| Retail Shares Offered | 21,07,200 | 35.01% | 32.43% |
| Preferential Reservations | |||
| Employee Shares Offered | 1,53,600 | 2.36% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,25,200 | 5.01% | |
| Total Shares Offered | 64,96,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,32,800 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,32,800 |
| S-HNI (Min) | 3 | 3,600 | ₹3,49,200 |
| S-HNI (Max) | 8 | 9,600 | ₹9,31,200 |
| B-HNI (Min) | 9 | 10,800 | ₹10,47,600 |
| Employee (Min) | 2 | 2,400 | ₹2,32,800 |
| Employee (Max) | 4 | 4,800 | ₹4,65,600 |
GLEN Industries IPO raises ₹17.46 crore from anchor investors. GLEN Industries IPO Anchor bid date is July 7, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jul 7, 2025 |
| Shares Offered | 18,00,000 |
| Anchor Portion (₹ Cr.) | 17.46 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Aug 10, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Oct 9, 2025 |
| Application Category | Bidding Limits |
|---|---|
| Only Individual investor (retail) | 2 lots |
| Only sNII | 3 lots - 8 lots |
| Only bNII | 9 lots and above |
| Only employee | 2 lots - 4 lots |
| Employee + RII/NII |
|
* Bidding at cut-off price is not allowed for any category
Incorporated in 2007, Glen Industries Limited (GIL) is engaged in the manufacturing of eco-friendly food packaging and service products.
The company specializes in producing thin-wall food containers and compostable straws, serving sectors such as Hotels, Restaurants, Cafés/Catering (HoReCa), the beverage industry, and food packaging.
The company is committed to meeting growing demand with a new 90,000 sq. ft. manufacturing facility in Dhulagarh, equipped with advanced machines and skilled staff to enhance production and quality.
The company exports products to Europe, USA, Australia, the Middle East, and Africa, tailored to local preferences. Over 25 loyal customers reflect the company's commitment to quality and consistency.
Product Portfolio:
As of May 31, 2025, the company had 306 permanent employees.
Competitive Strengths:
GLEN Industries Ltd.'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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 214.36 | 160.31 | 137.07 |
| Total Income | 171.28 | 145.22 | 119.59 |
| Profit After Tax | 18.27 | 8.58 | 1.49 |
| EBITDA | 40.43 | 24.87 | 13.89 |
| NET Worth | 40.21 | 26.65 | 18.07 |
| Reserves and Surplus | 40.80 | 39.16 | 30.67 |
| Total Borrowing | 132.83 | 88.83 | 81.65 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting Up a new manufacturing facility at Purba Bardhaman, PS – Jamalpur, Gram Panchayat: Jougram, Mouza – Jaugram, JL no 114, West Bengal 713166 | 47.73 |
| 2 | General Corporate Purpose | 8.86 |
| 3 | Public Issue Expense | 6.35 |
| KPI | Mar 31, 2025 |
|---|---|
| ROCE | 16.94% |
| Debt/Equity | 2.28 |
| RoNW | 45.43% |
| PAT Margin | 10.70% |
| EBITDA Margin | 23.60% |
| Price to Book Value | 0.22 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.40 | 7.59 |
| P/E (x) | 9.33 | 12.78 |
| Promoter Holding | 100% | 72.99% |
| Market Cap | ₹233.40 Cr. |
The GLEN Industries IPO is subscribed 260.28 times on July 10, 2025 5:04:34 PM (Day 3). The public issue subscribed 225.15 times in the individual investors category, 192.46 times in the QIB category, and 476.25 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 192.46 | 12,04,800 | 23,18,71,200 | 0 |
| NII* | 476.25 | 9,06,000 | 43,14,84,000 | 0 |
| bNII (bids above ₹10L) | 588.85 | 6,04,800 | 35,61,37,200 | 2,44,644 |
| sNII (bids below ₹10L) | 251.24 | 3,01,200 | 7,56,72,000 | 2,44,644 |
| Individual Investors | 225.15 | 21,07,200 | 47,44,32,000 | 0 |
| Employee | 0.36 | 1,53,600 | 55,200 | 0 |
| Total | 260.28 | 43,71,600 | 1,13,78,42,400 | 2,44,644 |
Total Application : 2,44,644
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees. | 0.30 |
| 2 | Underwriting Fees | 3.15 |
| 3 | Fees payable to the Market maker to the Issue | 0.06 |
| 4 | Fees payable to the Registrar to the Issue | 0.05 |
| 5 | Fees payable for Advertising and Publishing Expense | 0.15 |
| 6 | Fees payable to Regulators including Stock Exchange & Depositories | 0.21 |
| 7 | Payment for Printing & Stationary, Postage etc | 0.00 |
| 8 | Fees payable to statutory auditors, Legal Advisors & other Professionals | 2.30 |
| 9 | Other Expense | 0.13 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹97.00 |
| Open | ₹157.00 |
| Low | ₹149.50 |
| High | ₹164.85 |
| Last Trade | ₹152.37 |
Lead Manager Reports
GLEN Industries IPO is a SME IPO of 64,96,799 equity shares of the face value of ₹10 aggregating up to ₹63 Crores. The issue is priced at ₹97 per share. The minimum order quantity is 1200.
The IPO opens on Tue, Jul 8, 2025, and closes on Thu, Jul 10, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in GLEN Industries IPO using UPI as a payment gateway. Zerodha customers can apply in GLEN Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in GLEN Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The GLEN Industries IPO opens on Tue, Jul 8, 2025 and closes on Thu, Jul 10, 2025.
GLEN Industries IPO lot size is 1200, and the minimum amount required for application is ₹2,32,800, with 2 lots being the minimum application size.
You can apply in GLEN Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for GLEN Industries IPO will be done on Friday, July 11, 2025, and the allotted shares will be credited to your demat account by Mon, Jul 14, 2025. Check the GLEN Industries IPO allotment status.
The GLEN Industries IPO listing date is on Tue, Jul 15, 2025.
