July 4, 2025
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What is the last grey market premium of Glen Industries IPO?
Listing Review: Will update on listing.
Subscription status of Glen Industries IPO
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Glen Industries IPO (Day 1) |
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| QIB | NII x | RII x | Total x | Applications |
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Glen Industries IPO Allotment Link:
What is the business of Glen Industries?
Glen Industries Limited – Shaping the Future of Sustainable Food Packaging
Established in 2007, Glen Industries Limited (GIL) is a forward-thinking manufacturer dedicated to producing eco-friendly food packaging and service products that align with the global shift toward sustainability.
Specializing in thin-wall food containers and compostable straws, GIL caters to a wide spectrum of industries — including HoReCa (Hotels, Restaurants, Cafés/Catering), the beverage sector, and the food packaging market. Their products are crafted not just for performance, but with the environment in mind.
To meet rising global demand, GIL has invested in a state-of-the-art 90,000 sq. ft. manufacturing facility in Dhulagarh, equipped with modern machinery and operated by a team of highly skilled professionals — ensuring scale, precision, and premium quality.
With a growing export footprint, GIL delivers custom-tailored solutions to clients in Europe, the USA, Australia, the Middle East, and Africa. A strong base of 25+ loyal clients is a testament to its consistent quality and reliability.
Product Highlights
Thin-Wall Food Containers
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Production started in 2011 with 80 MT/month
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Scaled to 665 MT/month by 2022
Compostable Straws
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Introduced paper & PLA straws in 2019
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Current capacity: 95 MT/month (paper), 160 MT/month (PLA)
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In 2022, launched U-shaped straws for the beverage and dairy sectors
As of May 31, 2025, Glen Industries employs 306 permanent team members, all aligned with the company’s mission: to deliver sustainable packaging solutions that protect both your food and the planet.
Glen Industries IPO Details
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Sector: |
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| IPO opens on | 8 July 2025 |
| IPO closes on | 10 July 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 64,96,800 Shares / Rs 63.02 Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – Shares/ Rs.? Crore |
| Market Maker Portion | 325,200 Shares |
| Net offer to Public | 6171600 Shares Rs.59.86 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 92097 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | BSE SME |
| Investor Category | Shares Offered | % | Rs. in Cr. |
| Market Maker | 325,500 | ||
| QIB Shares | 3004800 | ||
| NII (HNI) | 906000 | 13.95 | |
| Retail | 2107200 | 32.43 | |
| Total | 6496,800 | 100 | |
| Application | Lots | Shares | Amount, Rs. |
| Retail (Min) | 1 | 2400 | 232,800 |
| Retail (Max) | 1 | 2400 | 232,800 |
| HNI (Min) | 2 | 3600 | 349,200 |
Who are the Promoters of Glen Industries?
Mr. Lalit Agrawal, Mrs. Lata Agrawal, Mr. Nikhil Agrawal, and Mrs. Niyati Seksaria are the promoters of the company.
What are the Objects of Glen Industries IPO?
*Setting Up a new manufacturing facility at Purba Bardhaman, PS – Jamalpur, Gram Panchayat: Jougram, Mouza – Jaugram, JL no 114, West Bengal 713166 Rs. 47.73 Cr.
*General Corporate Purpose
Glen Industries IPO Timetable
Tentative timetable |
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| IPO opens on | 8 July 2025 |
| IPO Closes on | 10 July 2025 |
| IPO Allotment on | 11 July 2025 |
| Refund Initiation | 14 July 2025 |
| Credit of Shares | 14 July 2025 |
| Listing on | 15 July 2025 |
| Registered Office of the Company GLEN Industries Limited Rajveena, 2nd Floor, 50A, Block-C, New Alipore Kolkata, West Bengal, 700053 |
| The Lead Manager of this IPO GYR Capital Advisor Pvt ltd |
| Who is the Registrar to the IPO? Kfin Technologis ltd |
Glen Industries IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Glen Industries Financials
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| 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 | 40.8 | 39.16 | 30.67 |
| Total Borrowing | 132.83 | 88.83 | 81.65 |
| Amount in Rs. Crore | |||
Performance Indicators
| KPI | Values |
| ROCE | 16.94% |
| Debt/Equity | 2.28 |
| RoNW | 45.43% |
| PAT Margin | 10.70% |
| EBITDA Margin | 23.60% |
| Price to Book Value | 0.22 |
| EPS Rs. | 10.4 |
| PE Ratio | 9.33 |
How Glen Industries IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| GLEN Industries Limited | 39.1 | |
| Rajshree Polypack Limited | 24.94 | 45.43 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Glen Industries IPO Review by Paresh Gordhandas, CA & Research Analyst.
Will update soon
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Fundamental Perspective:
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Grey Market Sentiment: [Pending]
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