GLEN Industries Limited
Bookbuilding IPO · BSE
- Price band
- ₹92 - ₹97
- Lot size
- 1,200 shares
- Issue amount
- ₹63.02 cr
- Total subscription
- 260.27×
- Opens
- 8 Jul 2025
- Closes
- 10 Jul 2025
- Allotment
- 11 Jul 2025
- Listing
- 15 Jul 2025
Offer at a glance
Issue overview
- Issue size
- 64,96,800 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,10,400
- Fresh issue
- ₹63.02 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,16,400
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,75,64,570
- Shares after issue
- 2,40,61,370
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,32,800 |
| sHNI | 3 | 3,600 | ₹3,49,200 |
| bHNI | 9 | 10,800 | ₹10,47,600 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 878 | 1,97,658 |
| HNIs(10L +) | 168 | 27,611 |
| HNIs (2-10L) | 84 | 18,124 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 11.69 | 0 |
| RETAIL | 20.44 | 0.4 |
| HNIs 2+ | 2.93 | 0.24 |
| HNIs 10+ | 5.86 | 0.31 |
| EMPLOYEES | 1.49 | 0 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 10.4 | 4.88 | 0.85 |
| ROE | 0 | 0 | 0 |
| ROCE | 16.94 | 13.49 | 6.57 |
| RONW | 45.43 | 32.19 | 8.22 |
| PRE IPO(PE) | 9.33 | 0 | 0 |
| POST IPO(PE) | 12.78 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 2007, Glen Industries Limited (GIL) is involved in the manufacturing of eco-friendly food packaging and service products. The company focuses on producing thin-wall food containers and compostable straws, catering to various sectors including Hotels, Restaurants, Cafés/Catering (HoReCa), the beverage industry, and food packaging. To meet the increasing market demand, GIL has established a new 90,000 sq. ft. manufacturing facility in Dhulagarh, equipped with advanced machinery and a skilled workforce aimed at improving production efficiency and quality standards. The company exports its products to regions such as Europe, the USA, Australia, the Middle East, and Africa, customizing offerings based on local preferences. With a base of over 25 loyal customers, GIL emphasizes its commitment to quality and consistency. The product range includes thin-wall food containers, which began production in 2011 with an initial capacity of 80 MT/month, later scaling up to 665 MT/month by 2022. In 2019, the company diversified into compostable straws made of paper and PLA, achieving monthly production capacities of 95 MT and 160 MT, respectively. In 2022, it further expanded the product line with U-shaped straws designed for the beverage and dairy industries. As of May 31, 2025, GIL employed 306 permanent staff members.
Strengths
- Experienced Leadership: backed by promoters and management with strong industry expertise
- Customer Loyalty: trusted by 25+ global customers through long-term relationships
- Efficient Manufacturing: operates advanced in-house facilities for quality and cost efficiency
Risk factors
- Raw Material Dependency: exposed to price changes and reliance on third-party suppliers
- Intra-Group Competition: subsidiary in the same industry without non-compete creates conflict risk
- Promoter Influence Risk: absence of checks may allow promoters to favor related entities over GIL
Promoters
Mr. Lalit Agrawal
Mrs. Lata Agrawal
Mr. Nikhil Agrawal
Mrs. Niyati Seksaria
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Rajveena, 2nd Floor, 50A, Block-C, New Alipore Kolkata, West Bengal, 700053
+91 9831087598
[email protected]Company website ↗Understanding GLEN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.