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GLEN Industries Limited IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.97.00
Issue Size:
Rs.62.94 Cr
Lot Size:
1200 shares
Open Date:
July 8
GLEN Industries Limited IPO Overview
Bidding Dates
July 8 - July 10
Min Investment
₹116,400
Price Range
₹97.00
Issue Size
₹62.94 Cr
IPO DRHP Doc
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.
IPO Timeline
Opens
Jul 8
Closes
Jul 10
Allotment
Jul 11
Refunds
Jul 14
Shares Credit
Jul 14
Listing
Jul 15
Opens
Jul 8
Closes
Jul 10
Allotment
Jul 11
Refunds
Jul 14
Shares Credit
Jul 14
Listing
Jul 15
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: Jul 10, 2025, 05:06 PM
Current GMP:
Rs.55
Est. Listing:
Rs.152
Est. Gain:
+56.7%
Star Rating:
★★★★★(5/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Assets | ₹214.36 Cr | ₹160.31 Cr | ₹137.07 Cr |
| EBITDA | ₹40.43 Cr | ₹24.87 Cr | ₹13.89 Cr |
| Net Worth | ₹40.21 Cr | ₹26.65 Cr | ₹18.07 Cr |
| Profit After Tax | ₹18.27 Cr | ₹8.58 Cr | ₹1.49 Cr |
| Reserves and Surplus | ₹40.8 Cr | ₹39.16 Cr | ₹30.67 Cr |
| Revenue | ₹171.28 Cr | ₹145.22 Cr | ₹119.59 Cr |
| Total Borrowing | ₹132.83 Cr | ₹88.83 Cr | ₹81.65 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- Experienced promoters and leadership ensure strategic execution and sectoral insight.
- Strong customer ties and an efficient supply chain support growth and market reach.
- Advanced in-house facilities enable cost-efficient, high-quality production.
- Robust quality systems and global certifications ensure product safety and reliability.
- Strong customization capabilities help clients enhance branding and meet niche needs.
IPO Details
GLEN Industries IPO Details
| ₹5.00 | |
| Face Value | ₹10 per share |
| IPO Date | July 8, 2025 to July 10, 2025 |
| Issue Price | ₹97 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Listing Date | July 15, 2025 |
| Lot Size | 1,200 Shares |
| Net Offered to Public | 61,71,600 shares (aggregating up to ₹59.86 Cr) |
| Sale Type | Fresh Capital |
| Share Holding Post Issue | 2,40,61,370 shares |
| Share Holding Pre Issue | 1,75,64,570 shares |
| Total Issue Size | 64,96,800 shares (aggregating up to ₹63.02 Cr) |
GLEN Industries IPO Reservation
Share Reservation Distribution
QIB
3,004,800 shares (46.25%)
Retail
2,107,200 shares (32.43%)
Anchor Investors
1,800,000 shares (27.71%)
QIB (Ex-Anchor)
1,204,800 shares (18.54%)
HNI (NII)
906,000 shares (13.95%)
bNII (>₹10L)
604,800 shares (9.31%)
Market Maker
325,200 shares (5.01%)
sNII (<₹10L)
301,200 shares (4.64%)
Employee
153,600 shares (2.36%)
GLEN Industries IPO Promoter Holding
| Share Holding Post Issue | 72.99% |
| Share Holding Pre Issue | 100.00% |
GLEN Industries IPO Listing Details
| ₹97 per share |
| 544444 |
| INE0UMC01019 |
| July 15, 2025 |
| MT |
Key Dates
Open Date:July 8
Close Date:July 10
Listing Date:July 15
