GLEN Industries Limited IPO Details – Price, Date, GMP & Analysis
GLEN Industries Limited IPO Overview
Key IPO Details
Investment Summary
The GLEN Industries Limited IPO IPO is a sme offering scheduled to open on July 8. The issue is priced at ₹97 per share, with a minimum application of 1200 shares.
Status: Listed and trading
How to Apply for GLEN Industries Limited IPO
To apply for the GLEN Industries Limited IPO, you need a demat account with any SEBI-registered broker, PAN card, and UPI or bank account for payment.
Application Process
- Log into your broker's platform or app
- Navigate to IPO section and select GLEN Industries Limited IPO
- Enter bid quantity (minimum 1200 shares)
- Choose cut-off price or enter specific price
- Make payment via UPI or ASBA
- Submit application before July 10
Required Documents
- Active demat account
- PAN card
- Bank account linked to demat
- UPI ID for payment
- Valid mobile number and email
Minimum Investment: ₹116,400(approx. based on lower price band)
Company Overview
Incorporated in 2019, Glen Industries Limited (GIL) manufactures eco-friendly food packaging and service products, specializing in thin-wall food containers and compostable straws. The company serves sectors like Hotels, Restaurants, and the beverage industry, with a new 90,000 sq. ft. manufacturing facility in Dhulagarh. GIL exports to Europe, USA, Australia, the Middle East, and Africa, catering to local preferences and maintaining a loyal customer base. As of November 30, 2024, the company employed 323 permanent staff.
Grey Market Premium (GMP)
IPO Timeline
Open Date
Tue, Jul 8, 2025
CompletedClose Date
Thu, Jul 10, 2025
CompletedAllotment
Fri, Jul 11, 2025
CompletedRefund Process
Mon, Jul 14, 2025
CompletedCredit to Demat
Mon, Jul 14, 2025
CompletedListing Date
Tue, Jul 15, 2025
CompletedSubscription Status
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 192.46x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 476.25x | Oversubscribed |
| RII (Retail Individual Investors) | 251.24x | Oversubscribed |
| Total Subscription | 225.15x | Oversubscribed |
Last updated: Invalid Date
IPO Details
GLEN Industries IPO Details
| IPO Date | July 8, 2025 to July 10, 2025 |
| Listing Date | July 15, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹97 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 64,96,800 shares (aggregating up to ₹63.02 Cr) |
| Net Offered to Public | 61,71,600 shares (aggregating up to ₹59.86 Cr) |
| ₹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 Reservation
| 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%) |
GLEN Industries IPO Timeline (Tentative Schedule)
| 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 July 10, 2025 |
GLEN Industries IPO Lot Size
| 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 Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.99% |
GLEN Industries IPO Listing Details
| July 15, 2025 |
| 544444 |
| INE0UMC01019 |
| ₹97 per share |
| MT |
Financial Information
Company FinancialsGLEN Industries Limited Financial Information (Restated Consolidated)
| Period Ended | 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 |
| 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 |
Key Dates
GLEN Industries Limited IPO IPO Review & Analysis
Should I Apply for GLEN Industries Limited IPO?
The GLEN Industries Limited IPO decision depends on your risk tolerance, investment goals, and analysis of company fundamentals. Consider factors like business model, financial performance, industry prospects, and valuation before applying.
Key Positives
- • SME listing provides credibility
- • Issue size of ₹63.02 Cr indicates scale
- • Regulated by SEBI guidelines
Key Considerations
- • Analyze company financials thoroughly
- • Check Grey Market Premium trends
- • Consider market conditions
GLEN Industries Limited IPO Allotment Details
Allotment Timeline
How to Check Allotment
- • Visit registrar's official website
- • Enter PAN or application number
- • Check through broker's platform
- • Use our universal allotment tracker
Tip: GLEN Industries Limited IPO IPO allotment status will be available approximately 2-3 days after the issue closes. Successful applicants will receive shares in their demat account before listing.