GLEN Industries IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jul 08 to Jul 10 2025
Price Band
₹97
Current GMP
₹157(61.68%)
Subscription
260.28 times
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) |
| Reserved for Market Maker | 3,25,200 shares (aggregating up to ₹3.15 Cr)Giriraj Stock Broking Private Limited |
| Net Offered to Public | 61,71,600 shares (aggregating up to ₹59.86 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 |
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)
Reserved for Market Maker
3,25,200 shares (aggregating up to ₹3.15 Cr)Giriraj Stock Broking Private Limited
Net Offered to Public
61,71,600 shares (aggregating up to ₹59.86 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
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 192.46 |
| Non-Institutional Buyers*** | 476.25 |
| bNII (bids above ₹10L) | 588.85 |
| sNII (bids below ₹10L) | 251.24 |
| Individual Investors (IND category bidding for 2 Lots) | 225.15 |
| Employees | 0.36 |
| Total ** | 260.28 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
192.46
Non-Institutional Buyers***
476.25
bNII (bids above ₹10L)
588.85
sNII (bids below ₹10L)
251.24
Individual Investors (IND category bidding for 2 Lots)
225.15
Employees
0.36
Total **
260.28
Day Wise Sub
| Day | QIB | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors |
|---|---|---|---|---|---|
| Day 1 Jul 8, 2025 | 0.00 | 2.19 | 2.24 | 0.14 | 1.54 |
| Day 2 Jul 9, 2025 | 1.62 | 14.21 | 18.37 | 0.20 | 12.25 |
| Day 3 Jul 10, 2025 | 192.46 | 476.25 | 588.85 | 251.24 | 225.15 |
DayDay 1
Jul 8, 2025
QIB0.00
NII*2.19
NII (> ₹10L)2.24
NII (< ₹10L)0.14
Individual Investors1.54
DayDay 2
Jul 9, 2025
QIB1.62
NII*14.21
NII (> ₹10L)18.37
NII (< ₹10L)0.20
Individual Investors12.25
DayDay 3
Jul 10, 2025
QIB192.46
NII*476.25
NII (> ₹10L)588.85
NII (< ₹10L)251.24
Individual Investors225.15
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 15-07-2025 | 97.00 | 55(56.70%) | 152 |
| 14-07-2025 | 97.00 | 55(56.70%) | 152 |
| 13-07-2025 | 97.00 | 43(44.33%) | 140 |
| 12-07-2025 | 97.00 | 43(44.33%) | 140 |
| 11-07-2025 | 97.00 | 40(41.24%) | 137 |
| 10-07-2025 | 97.00 | 45(46.39%) | 142 |
| 09-07-2025 | 97.00 | 35(36.08%) | 132 |
| 08-07-2025 | 97.00 | 30(30.93%) | 127 |
| 07-07-2025 | 97.00 | 25(25.77%) | 122 |
| 06-07-2025 | 97.00 | 25(25.77%) | 122 |
| 05-07-2025 | 97.00 | 25(25.77%) | 122 |
| 04-07-2025 | 97.00 | 25(25.77%) | 122 |
| 03-07-2025 | 97.00 | 18(18.56%) | 115 |
| 02-07-2025 | 97.00 | 0(0.00%) | 97 |
Date15-07-2025
Price97.00
GMP55(56.70%)
Estimate List Price152
Date14-07-2025
Price97.00
GMP55(56.70%)
Estimate List Price152
Date13-07-2025
Price97.00
GMP43(44.33%)
Estimate List Price140
Date12-07-2025
Price97.00
GMP43(44.33%)
Estimate List Price140
Date11-07-2025
Price97.00
GMP40(41.24%)
Estimate List Price137
Date10-07-2025
Price97.00
GMP45(46.39%)
Estimate List Price142
Date09-07-2025
Price97.00
GMP35(36.08%)
Estimate List Price132
Date08-07-2025
Price97.00
GMP30(30.93%)
Estimate List Price127
Date07-07-2025
Price97.00
GMP25(25.77%)
Estimate List Price122
Date06-07-2025
Price97.00
GMP25(25.77%)
Estimate List Price122
Date05-07-2025
Price97.00
GMP25(25.77%)
Estimate List Price122
Date04-07-2025
Price97.00
GMP25(25.77%)
Estimate List Price122
Date03-07-2025
Price97.00
GMP18(18.56%)
Estimate List Price115
Date02-07-2025
Price97.00
GMP0(0.00%)
Estimate List Price97
IPO Important Dates
| 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 |
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
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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,400
Amount₹2,32,800
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,400
Amount₹2,32,800
ApplicationS-HNI (Min)
Lots3
Shares3,600
Amount₹3,49,200
ApplicationS-HNI (Max)
Lots8
Shares9,600
Amount₹9,31,200
ApplicationB-HNI (Min)
Lots9
Shares10,800
Amount₹10,47,600
ApplicationEmployee (Min)
Lots2
Shares2,400
Amount₹2,32,800
ApplicationEmployee (Max)
Lots4
Shares4,800
Amount₹4,65,600
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 2025214.36
31 Mar 2024160.31
31 Mar 2023137.07
Period EndedRevenue
31 Mar 2025171.28
31 Mar 2024145.22
31 Mar 2023119.59
Period EndedProfit After Tax
31 Mar 202518.27
31 Mar 20248.58
31 Mar 20231.49
Period EndedEBITDA
31 Mar 202540.43
31 Mar 202424.87
31 Mar 202313.89
Period EndedNet Worth
31 Mar 202540.21
31 Mar 202426.65
31 Mar 202318.07
Period EndedReserves and Surplus
31 Mar 202540.80
31 Mar 202439.16
31 Mar 202330.67
Period EndedTotal Borrowing
31 Mar 2025132.83
31 Mar 202488.83
31 Mar 202381.65
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| GLEN Industries Limited | 10.40 | 10.40 | 33.23 | 39.10 | ||
| Rajshree Polypack Limited | 1.09 | 1.08 | 21.73 | 24.94 | 45.43 | 1.24 |
Company NameGLEN Industries Limited
EPS (Basic)10.40
EPS (Diluted)10.40
NAV (per share) (Rs)33.23
P/E (x)
RoNW (%)39.10
P/BV Ratio
Company NameRajshree Polypack Limited
EPS (Basic)1.09
EPS (Diluted)1.08
NAV (per share) (Rs)21.73
P/E (x)24.94
RoNW (%)45.43
P/BV Ratio1.24
IPO Reservation
| Market Maker Shares Offered | 3,25,200 (6.92%) |
| QIB Shares Offered | 30,04,800 (63.98%) |
| − Anchor Investor Shares Offered | 18,00,000 (38.32%) |
| − QIB (Ex. Anchor) Shares Offered | 12,04,800 (25.65%) |
| NII (HNI) Shares Offered | 9,06,000 (19.29%) |
| − bNII > ₹10L | 6,04,800 (12.88%) |
| − sNII < ₹10L | 3,01,200 (6.41%) |
| Retail Shares Offered | 21,07,200 (44.86%) |
| Employee Shares Offered | 1,53,600 (3.27%) |
| Total Shares Offered | 46,96,800 (100.00%) |
Market Maker Shares Offered
3,25,200 (6.92%)
QIB Shares Offered
30,04,800 (63.98%)
− Anchor Investor Shares Offered
18,00,000 (38.32%)
− QIB (Ex. Anchor) Shares Offered
12,04,800 (25.65%)
NII (HNI) Shares Offered
9,06,000 (19.29%)
− bNII > ₹10L
6,04,800 (12.88%)
− sNII < ₹10L
3,01,200 (6.41%)
Retail Shares Offered
21,07,200 (44.86%)
Employee Shares Offered
1,53,600 (3.27%)
Total Shares Offered
46,96,800 (100.00%)
Information about company
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:
Thin-Wall Food Containers: GIL commenced production in 2011 with a capacity of 80 MT/month, expanding to 665 MT/month by 2022.
Compostable Straws: The company ventured into manufacturing paper and PLA straws in 2019, with capacities of 95 MT/month and 160 MT/month, respectively. In 2022, GIL introduced U-shaped straws made from paper and PLA for the beverage and dairy industries.
As of May 31, 2025, the company had 306 permanent employees.
Competitive 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
Objectives of IPO
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
Disclaimer
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