Glen Industries Limited IPO
Glen Industries Limited IPO
SME BSE SME 100% Book Built Offer
Closed

Price Band

₹92 - ₹97

Total Issue

₹63 Cr

Bid Dates

08 Jul - 10 Jul

Subscription

260.27x

Listing Price

₹157 (61.86%)

Website RHP Check Allotment

Valuation

Market Cap

₹233.40 Cr

P/E Ratio

9.33x

P/B Ratio

2.92x

Glen Industries IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

GLEN Industries Limited, originally incorporated as GLEN Stationery Pvt. Ltd. in 2007, has evolved into a leading manufacturer of food packaging and service products. Serving the HoReCa, QSR, and beverage sectors, the company specializes in Thin Wall Food Containers and eco-friendly PLA and paper straws. With a production capacity of over 900 MT/month and a 90,000 sq. ft. advanced facility in Howrah, GLEN ensures high-quality output using imported electric injection moulding machines. Their focus on quality, hygiene, customization, and skilled workforce has positioned them as a trusted name in both domestic and international markets.

Glen Industries IPO Lot Size

Lot Information for Glen Industries IPO
Category Lots Shares Amount
Ind (Min) 2 2,400 ₹2,32,800
Ind (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
Allocate Funds
Market Maker
3,25,200 EQ Shares
Employee
1,53,600 EQ Shares
Shareholder
₹0.00

Glen Industries IPO Size

Total ₹63 Cr
Fresh Issue
₹63 Cr (0.65 Cr Shares)
Offer For Sale
₹0 (0.00 Shares)

Objects of Issue

  1. For Setting up a new manufacturing facility in West Bengal
  2. General Corporate Purpose

Glen Industries IPO Live Subscription

Updated as on 10 Jul 2025 | 05:00:00 PM

Glen Industries IPO Subscription Status (BSE SME)
Category Sub (x) Offered Bids
QIB 192.46x 12,04,800 23,18,71,200
NII 476.25x 9,06,000 43,14,84,000
bHNI 588.31x 6,04,800 35,58,12,000
sHNI 251.24x 3,01,200 7,56,72,000
Individual 225.12x 21,07,200 47,43,76,800
Employee 0.36x 1,53,600 55,200
Total 260.27x 43,71,600 1,13,77,87,200

Glen Industries IPO Details Live GMP

GMP ₹43
Est. Price ₹140
Est. Gain 44.33%

Glen Industries IPO Peer Comparison

(Rs. in crores)

Glen Industries IPO Peer Comparison Table
Particulars Glen Industries Rajshree Polypack
Revenue from Ops (in Crs.) 170.66 329.74
EPS - Basic 10.40 1.09
EPS - Basic 33.23 21.73
RONW 45.43% 4.98%
EBITDA 23.60% 12.09%
PAT Margin 10.70% 2.41%
Price to earning (PE) 9.33 24.94
Debt to Equity 2.28 0.73
  • All the information pertains to FY 2024-25
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 16, 2025 for Peers

Glen Industries IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Glen Industries IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 170.66 144.50 118.85
Profit after Tax 18.27 8.58 1.49
Net Worth 40.21 26.65 18.07
Total Borrowing 132.83 88.83 81.65
Total Assets 214.36 160.31 137.07
NAV per share (in ₹) 33.23 25.56 20.73
EPS - Basic (in ₹) 10.40 4.88 0.85

Key Performance Indicators (KPIs)

EBITDA

23.60%

PAT

10.70%

RONW

45.43%

ROCE

16.94%

Debt to Equity

2.28

  • All Ratios are based on Mar 25
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.

Promoter Holding

Promoter

100.00%

Public

0.00%

Lalit Agrawal 49.68%
Lata Agrawal 20.12%
Nikhil Agrawal 19.60%
Niyati Seksaria 10.06%
Other Promoter 0.54%

Management

Nikhil Agrawal
MD
Chirag Ribiawala
CFO

Registrar & Lead Managers

Registrar

KFin Technologies

Lead Managers (1)

GYR Capital

Company Details

Name: GLEN Industries Limited

Address: Rajveena, 2nd Floor, 50A, Block-C, New Alipore, Kolkata, West Bengal, India, 700053

Number: +91 9874775191

Email: info@glen-india.com

Website: www.glen-india.com

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Frequently Asked Questions (FAQs)

What is Glen Industries IPO?
Glen Industries IPO is a SME IPO having an issue size of ₹63 Crs. Glen Industries IPO is priced at ₹92 - ₹97 per share. The issue opens on 08 Jul 25 and closes on 10 Jul 25.
When will Glen Industries IPO open?
Glen Industries IPO opens on 08 Jul 25 and closes on 10 Jul 25.
What is the GMP of Glen Industries IPO?
The estimated Grey Market Premium of Glen Industries IPO is ₹43 per share (44.33%).
What is the lot size of Glen Industries IPO?
The minimum lot size of Glen Industries IPO is 1200 shares & the minimum application amount is Rs. 116400.
When is the allotment of Glen Industries IPO?
The allotment date of Glen Industries IPO is 11 Jul 25.
What is the listing date of Glen Industries IPO?
The listing date of Glen Industries IPO is 15 Jul 25.
What is the subscription of Glen Industries IPO?
Glen Industries IPO is subscribed 242.32 times.
What is the price band of Glen Industries IPO?
Glen Industries IPO is priced at ₹92 - ₹97 per share.
How to check allotment status of Glen Industries IPO?
Click the allotment link on Glen Industries IPO page of IPO360.
How to apply Glen Industries IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Glen Industries IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Glen Industries IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Glen Industries IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

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