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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 BSE SME on Jul 15, 2025.
GLEN Industries IPO price band is set at ₹97.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,32,800.00 (2,400 shares) (based on upper price). The minimum lot size investment for 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 Date | July 8, 2025 to July 10, 2025 |
| Listing Date | July 15, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹92 to ₹97 per share |
| Issue Price Final | ₹97 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 64,96,800 shares (aggregating up to ₹62.94 Cr) |
| Reserved for Market Maker | 3,25,200 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹3.15 Cr) |
| Net Offered to Public | 61,71,600 shares (aggregating up to ₹59.79 Cr) |
| Employee Discount | ₹5.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,75,64,570 shares |
| Share Holding Post Issue | 2,40,61,370 shares |
GLEN Industries IPO offers total 64,96,800 shares. Out of which 30,04,800 (46.25%) allocated to QIB, 12,04,800 (18.54%) allocated to QIB (Ex- Anchor), 9,06,000 (13.95%) allocated to NII, 21,07,200 (32.43%) allocated to RII and 18,00,000 (27.71%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,25,200 (5.01%) |
| QIB Shares Offered | 30,04,800 (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 (13.95%) |
| − bNII > ₹10L | 6,04,800 (9.31%) |
| − sNII < ₹10L | 3,01,200 (4.64%) |
| Retail Shares Offered | 21,07,200 (32.43%) |
| Employee Shares Offered | 1,53,600 (2.36%) |
| Total Shares Offered | 64,96,800 (100.00%) |
| 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
GLEN Industries IPO raises ₹17.46 crore from anchor investors. GLEN Industries IPO Anchor bid date is July 7, 2025. GLEN Industries IPO Anchor Investors list
| Bid Date | July 7, 2025 |
| Shares Offered | 18,00,000 |
| Anchor Portion Size (In Cr.) | 17.46 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 10, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 9, 2025 |
GLEN Industries IPO opens on July 8, 2025, and closes on July 10, 2025.
| IPO Open Date | Tue, Jul 8, 2025 |
| IPO Close Date | Thu, Jul 10, 2025 |
| Tentative Allotment | Fri, Jul 11, 2025 |
| Initiation of Refunds | Mon, Jul 14, 2025 |
| Credit of Shares to Demat | Mon, Jul 14, 2025 |
| Tentative Listing Date | Tue, Jul 15, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jul 10, 2025 |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,32,800 |
| Individual investors (Retail) (Min) | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 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 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 market capitalization of GLEN Industries IPO is ₹233.40 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 Rs | 10.40 | 7.59 |
| P/E (x) | 9.33 | 12.78 |
The Company GLEN Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] GIL is engaged in the manufacturing and marketing of diverse range of food packaging and service products. It marked growth in its top and bottom lines for the reported periods. Boosted profits for FY24 onward raise eyebrows and concern over its sustainability as it is operating in a highly competitive and fragmented segment. Based on recent set of financial performance, the issue appears fully priced. Well-informed/cash surplus investors may park moderate funds for long term. Read detail review...
| Listing Date | July 15, 2025 |
| BSE Script Code | 544444 |
| NSE Symbol | |
| ISIN | INE0UMC01019 |
| Final Issue Price | ₹97 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹97.00 |
| Open | ₹157.00 |
| Low | ₹149.50 |
| High | ₹164.85 |
| Last Trade | ₹152.37 |
GLEN Industries Ltd.
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/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: gil.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
GLEN Industries IPO is a SME IPO of 64,96,800 equity shares of the face value of ₹10 aggregating up to ₹62.94 Crores. The issue is priced at ₹97 per share. The minimum order quantity is 1200.
The IPO opens on July 8, 2025, and closes on July 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 July 8, 2025 and closes on July 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 Monday, July 14, 2025. Check the GLEN Industries IPO allotment status.
The GLEN Industries IPO listing date is on Tuesday, July 15, 2025.
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