GLEN Industries IPO
GLEN Industries IPO
Overview
GLEN Industries IPO is a bookbuilding of ₹63.02 crores. The issue is a combination of fresh issue of 64.97 lakh shares aggregating to ₹63.02 crores and offer for sale of 0.00 lakh shares aggregating to ₹0.00 crores. GLEN Industries IPO opens for subscription on July 8, 2025 and closes on July 10, 2025. The allotment for the GLEN Industries IPO is expected to be finalized on Friday, July 11, 2025. GLEN Industries IPO will be list on BSE SME with a tentative listing date fixed as Tuesday, July 15, 2025. GLEN Industries IPO price band is set at ₹92 to ₹97 per share. The minimum lot size for an application is 1200. The minimum amount of investment required by retail investors is ₹1,10,400. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹2,32,800. 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 Private Limited is the book-running lead manager of the GLEN Industries IPO, while Kfin Technologies Limited is the registrar for the issue.The market maker for GLEN Industries IPO is Giriraj Stock Broking Private Limited. Refer to GLEN Industries IPO RHP for detailed information.
Total Shares
64,96,800
Issue Size
₹63.02 Cr
Price Band
₹92 – ₹97
Lot Size
1200 shares
Min. Investment
₹2,32,800
Max. Investment
₹2,32,800
Open Date
08 Jul, 2025
Close Date
10 Jul, 2025
Allotment
11 Jul, 2025
Listing
15 Jul, 2025
Max. Investment
₹2,32,800
Announced
08 Jul, 2025
Opening Date
08 Jul, 2025
Closing Date
10 Jul, 2025
Basis of Allotment
11 Jul, 2025
Initiation of Refunds
14 Jul, 2025
Credit of Shares
14 Jul, 2025
Listing Date
15 Jul, 2025
Live GMP
Est. Listing: ₹122
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About GLEN Industries IPO
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 an
GLEN Industries IPO Share Price
Issue Breakdown
Shareholding
Dilution: 37.0% increase in shares
GLEN Industries IPO Promoter Holding
GLEN Industries IPO Financial Health
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.
GLEN Industries IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares there of. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2400 | ₹2,32,800 |
| Individual investors (Retail) (Max) | 2 | 2400 | ₹2,32,800 |
| S-HNI (Min) | 3 | 3600 | ₹3,49,200 |
| S-HNI (Max) | 8 | 9600 | ₹9,31,200 |
| B-HNI (Min) | 9 | 10800 | ₹10,47,600 |
| Employee (Min) | 2 | 2400 | ₹2,32,800 |
| Employee (Max) | 4 | 4800 | ₹4,65,600 |
(All values in CR)
GLEN Industries IPO Valuations
The market capitalization of GLEN Industries IPO is ₹233.40 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROCE | 16.94 |
| Debt/Equity | 2.28 |
| RoNW | 45.43 |
| PAT Margin | 10.70 |
| EBITDA Margin | 23.60 |
| Price to Book Value | 1.22 |
(All values in CR)
GLEN Industries IPO Strength & Risk
GLEN Industries IPO Strengths:
- Experienced Promoters, management and operating team
- Established relationships with customers
- Advanced in-house processing facilities with focus on cost competitiveness
- Quality Assurance
- Customization Capabilities
GLEN Industries IPO Risk:
High debt-to-equity ratio (~2.0)
Debt/equity stood at 1.98× in FY2024, down from 3.19× in FY2022, but still indicates significant leverage.SME-IPO liquidity & volatility concerns
Listing on the BSE SME platform means low trading volumes and high price fluctuations typical of small-cap SME IPOs .Execution risk from capacity expansion
IPO proceeds are earmarked largely for a new manufacturing facility—delays or cost overruns could impact growth.Product/sector cyclicality
As a food-packaging firm (thin-wall containers, straws, PLA), performance can be affected by demand cycles in HoReCa and FMCG sectors .Grey market premiums may be unreliable
SME IPOs often show inflated GMPs that later vanish—relying on them can be misleading and risky.Limited operating history/public scrutiny
Being an SME IPO, visibility into long-term financial performance and corporate governance is less than that of listed peers.
GLEN Industries SME IPO GMP
GLEN Industries SME IPO last GMP is ₹25, last updated Jul 7th 2025 03:56 PM. With the price band of 97.00, GLEN Industries SME IPO's estimated listing price is ₹122 (cap price + today's GMP).The expected percentage gain/loss per share is 25.77%. >> GLEN Industries SME IPO Retail Subject to Sauda: ₹22800 The lowest GMP is ₹0.00, while the highest GMP is ₹25.00.
Last updated 07 Jul, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 07 Jul, 2025 | 97 | ₹25▲ | 22800 | ₹122 (25.77%) | 30000 | 07 Jul, 2025 |
| 02 Jul, 2025 | 97 | ₹0▼ | - | ₹97 (0.00%) | - | 02 Jul, 2025 |
| 06 Jul, 2025 | 97 | ₹25 | 22800 | ₹122 (25.77%) | 30000 | 06 Jul, 2025 |
| 05 Jul, 2025 | 97 | ₹25 | 22800 | ₹122 (25.77%) | 30000 | 05 Jul, 2025 |
| 04 Jul, 2025 | 97 | ₹25▲ | 22800 | ₹122 (25.77%) | 30000 | 04 Jul, 2025 |
| 03 Jul, 2025 | 97 | ₹18 | 16400 | ₹115 (18.56%) | 21600 | 03 Jul, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for GLEN Industries IPO
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Go to IPO Section
Find GLEN Industries IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.