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GLEN Industries Ltd

Packaging

Offer Period :

8th to 10th Jul 2025

GLEN Industries Ltd IPO Details

IPO Date 8th to 10th Jul 2025 Minimum Investment ₹232800 / 2 Lots
Listing Date 2025-07-15 Maximum Investment ₹0 / 0 Lots
Face Value ₹10 per share Total Issue Size ₹63.02 Crores
Price ₹97 to ₹97 per share Fresh Issue ₹63.02 Crores
Lot Size 1 Lots (2400 Shares) Offer For Sale ₹ [-]
Listing At BSE-SME Retail Discount ₹ 0
Employee Discount ₹5 per Share Shareholding Pre Issue 17564570 Shares
Issue Type Book Building - SME Shareholding Post Issue 24061370 Shares
IPO Date 8th to 10th Jul 2025
Listing Date 2025-07-15
Face Value ₹10 per share
Price ₹97 to ₹97 per share
Lot Size 1 Lots (2400 Shares)
Listing At BSE-SME
Total Issue Size ₹63.02 Crores
Employee Discount ₹5 per share
Issue Type Book Building - SME
Minimum Investment ₹232800 / 2 Lots
Maximum Investment ₹0 / 0 Lots
Fresh Issue ₹63.02 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 17564570 Shares
Shareholding Post Issue 24061370 Shares

About GLEN Industries Ltd IPO

Glen Industries Limited, established in 2007, operates in the eco-friendly food packaging sector, focusing on products such as thin-wall food containers and compostable straws. The company primarily caters to the HoReCa segment, beverage companies, and the broader food packaging industry. With a wide range of products offered in various shapes and sizes, GIL supports quick service restaurants, dairy units, and export markets. Its product portfolio includes PLA and paper straws, introduced in 2019, and thin-wall containers, which began production in 2011. By 2022, the production capacity for containers increased significantly to 665 MT/month.
 

To meet the growing demand, GIL has set up a new manufacturing unit in Dhulagarh, spanning 90,000 sq. ft., equipped with modern machinery and trained personnel. The company exports its products to multiple regions including Europe, the USA, Australia, the Middle East, and Africa, adapting offerings to regional preferences. As of May 31, 2025, the company had a workforce of 306 permanent employees.

Founding Year: 2007

Managing Director: Nikhil Agrawal

Glen Industries Limited Timeline

Important dates for allocation and IPO listing.

8th Jul

IPO Opens

10th Jul

IPO Close

11th Jul

Allotment Date

14th Jul

Initiation of Refund

14th Jul

Credit of Shares to Demat Account

15th Jul

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 73
Public Group 0 27

GLEN Industries Ltd IPO Reservation

QIB Shares Offered 1204800(18.54%)
NII (HNI) Shares Offered 906000(13.95%)
Retail Shares Offered 2107200(32.43%)
Anchor Investor Shares Offered 1800000(27.71%)
Total Shares Offered 6496800
Total Shares With Anchor Investor 6496800

GLEN Industries Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2400 ₹232800
Retail (Max) 0 0 ₹0
S HNI (Min) 1 2400 ₹232800
S HNI (Max) 4 9600 ₹931200
B HNI (MIN) 5 12000 ₹1164000

GLEN Industries Ltd IPO Anchor Investor Details

Bid Date 07 July 2025
Shares Offered 0
Anchor Portion Size 0

GLEN Industries Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id gil.ipo@kfintech.com
Our Website www.kfintech.com

GLEN Industries Ltd IPO Lead Manager

1. GYR Capital Advisors Pvt Ltd

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GLEN Industries Ltd Financial Information

Period Ended March 31, 2024 March 31, 2023 March 31, 2022
Net Worth ₹44.91 ₹36.42 ₹23.53
Reserves and Surplus ₹39.17 ₹30.68 ₹17.79
Total Borrowing ₹88.83 ₹81.65 ₹72.08

GLEN Industries Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 1204800 35083200 29.1195
Non Institutional Investors (NIIs) 906000 199863600 220.6
NII(Bid amount of more than Ten Lakh Rupees) 604800 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 301200 0 0
Retail Individual Investors (RIIs) 2107200 230856000 109.5558
Total 6496800 465838800 71.7028

Strength of GLEN Industries Ltd

1. Experienced Management Team.

2. Long standing relationships with customers.

3. Consistent financial performance.

Risks Involved

1. The Company is dependent on external suppliers for most of its machinery / component requirements and raw materials.

2. Its business of the Company is impacted by fluctuations in raw material prices, domestic and global.

3. The company relies on third-party transportation providers for all of its input materials and product distribution. Failures by any of its transportation providers to deliver the company input materials and products on time or at all, could result in loss in sales.

4. If there are delays or cost overruns in utilisation of Net Proceeds, its business, financial condition and results of operations will be materially and adversely affected.

5. The company business is dependent and will continue to depends on its manufacturing facilities, and the company is subject to certain risks in its manufacturing process. Any slowdown or shutdown in the company manufacturing operations or strikes, work stoppages or increased wage demands by its employees that could interfere with the company operations could have an adverse effect on its business, financial condition and results of operations.

6. The company derives a significant portion of its revenues from exports and are subject to risk of international trade.

7. The company is subject to strict quality requirements, regular inspections and audits, and the success and wide acceptability of its products is largely dependent upon the company quality controls and standards. Any failures to comply with quality standards may adversely affect its business prospects and financial performance, including cancellation of existing and future orders.

8. The company individual Promoters plays key role in its functioning and the company heavily relies on their knowledge and experience in operating its business and therefore, it is critical for the company business that its Promoter and Executive Directors remain associated with it. The company success also depends upon the services of its key managerial personnel and the company ability to attract and retain key managerial personnel and its inability to attract them may affect the company operations.

9. The company is subject to increasingly stringent environmental, health and safety laws, regulations and standards. Non-compliance with and adverse changes in health, safety, labour, and environmental laws and other similar regulations to its manufacturing operations may adversely affect the company business, results of operations and financial condition.

10. The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.

Why should you invest in

-

GLEN Industries Ltd Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 160.31 137.07 116.41
Total Liabilities 160.31 137.07 116.41
Total Expenses 133.7 114.14 91.68
Total Revenue 
145.22 119.59 96.71
Profit After Tax 8.58 1.49 3.68
EBITDA 25.3 14.26 13.67
Adjusted EBITDA 0 0 0

Glen Industries Limited IPO Contact Details

GLEN Industries Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2025-07-15 544444 -
INE0UMC01019
₹97 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹97 ₹97
Open ₹157 ₹0
Low ₹149.5 ₹0
High ₹164.85 ₹0
Low ₹149.5 ₹0

Industry Outlook of GLEN Industries IPO

  • The global plastic packaging market is projected to reach 121.93 million tons by 2029, up from 103.63 million tons in 2024, with an estimated CAGR of 3.31% during 2024–2029.

  • Plastic packaging is widely used due to its durability, flexibility, and affordability. It includes materials like films, containers, and polymers that act as barriers to protect products from external factors.

  • This form of packaging offers a lightweight and adaptable option suitable for various industries such as food, beverages, dairy, cosmetics, and pharmaceuticals.

  • Technological advancements such as improved filling techniques and heat-resistant materials are contributing to new developments in the sector.

  • PET bottles continue to be commonly used across many product lines, whereas polyethylene (PE) bottles are frequently used for packaging cosmetics, hygiene items, and cleaning agents.

  • According to the OECD, further insights into material use and environmental concerns are shaping packaging choices.


Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for GLEN Industries IPO.

Frequently Asked Questions

What is GLEN Industries Ltd IPO?

Answer Field

GLEN Industries Ltd IPO is a SME IPO of 64,96,800 equity shares of a face value of ₹10 aggregating up to ₹63.02 Crores. The issue is priced at ₹97 to ₹97 per share. The minimum order quantity is 2400 Shares. The IPO opens on July 08, 2025, and closes on July 10, 2025. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.

When GLEN Industries Ltd IPO will open?

Answer Field

The GLEN Industries Ltd IPO opens on July 08, 2025 and closes on July 10, 2025.

What is the lot size of GLEN Industries Ltd?

Answer Field

GLEN Industries Ltd lot size is 2400 shares, and the minimum amount required is ₹2,32,800.

How to apply for GLEN Industries Ltd IPO?

Answer Field

You can apply in GLEN Industries Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is GLEN Industries Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for GLEN Industries Ltd IPO will be done on July 11, 2025, and the allotted shares will be credited to your demat account by July 14, 2025.

When is GLEN Industries Ltd IPO listing date?

Answer Field

The GLEN Industries Ltd listing date is July 15, 2025.

Who is the registrar of GLEN Industries Ltd IPO?

Answer Field

The registrar of GLEN Industries Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

GYR Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of GLEN Industries Ltd IPO?

Answer Field

The fresh issue size is ₹63.02 Crores equity shares.

What minimum lot size can retail subscribers subscribe to GLEN Industries Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2400 shares and ₹2,32,800 amount.

How can I approve the UPI mandate request for GLEN Industries Ltd IPO?

Answer Field

To apply for GLEN Industries Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of GLEN Industries Ltd?

Answer Field

The price of each GLEN Industries Ltd share will be ranging in between ₹97 to ₹97 per share.

What is the cut-off time for the UPI mandate for GLEN Industries Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, July 10, 2025.

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