Glen Industries IPO: Exciting ₹6.5M Share Issue in July

Glen Industries IPO is a fully book-built issue and total IPO size is ₹62.02 crores.

The total offering consists of 6,496,800 equity shares.

This IPO is a 100% fresh issue — no offer for sale (OFS).

The dates for the Glen Industries IPO are July 8, 2025 to July 10, 2025.

The allotment process is expected to be finalized on July 11, 2025.

The Glen Industries IPO is scheduled to list on BSE SME, with a tentative listing date of July 15, 2025.

The price band for the Glen Industries IPO is ₹97 per share.

Registrar for this IPO is KFin Technologies Limited and lead manager is GYR Capital Advisors Private Limited. Market Maker is Giriraj Stock Broking Pvt. Ltd.

Explore more upcoming IPOs in India for comparison and investment planning.

IPO Schedule

IPO Open Date	Tuesday, 08 Jul, 2025
IPO Close Date	Thursday, 10 Jul, 2025
IPO Allotment Date	Friday, 11 Jul, 2025
Refund Initiation	Monday, 14 Jul, 2025
Share credit in Demat	Monday, 14 Jul, 2025
Listing Date	Tuesday, 15 Jul, 2025

Key Details

Price Band	₹92 to ₹97 Per Share
Lot Size	1200 Shares
Face Value	₹10 Per Equity Share
Total Issue Size	6,496,800 Shares
Fresh Issue	6,496,800 Shares
Issue Type	Fresh Issue
Listing At	BSE SME

Share Reservation

Investor Category	Shares Offered
QIB	50%
Retail	35%
NII/HNI	15%

Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1200	116,400
Retail (Max)	1	1200	116,400
S-HNI (Min)	2	2400	232,800
S-HNI (Max)	8	9600	931,200

About Glen Industries Limited Company

About Glen Industries Limited

Glen Industries Limited is a manufacturer of a diverse range of food packaging and service products, primarily serving the Hotel, Restaurant, and Café/Catering (HoReCa) sector, the beverage industry, and the food packaging industry. Our product range includes Thin Wall Food Containers, Polylactic Acid (PLA) Straws, and Paper Straws, all available in various shapes and sizes.

Originally incorporated as "Glen Stationery Private Limited," we began manufacturing Thin Wall Food Containers in 2019 with a capacity of 195 MT/month. Through continuous expansion and technology upgrades, our capacity has grown to 665 MT/month. We also diversified into manufacturing paper straws and PLA straws in 2019, with current capacities of 95 MT/month and 160 MT/month, respectively. Our new advanced manufacturing facility in Dhulagarh, Howrah, West Bengal, spanning approximately 90,000 square feet, will further enhance our production capabilities and competitive edge.

Our production facility is equipped with microprocessor-controlled All Electric injection molding machines imported from Japan and China, and is operated by a well-trained, professional, and experienced staff committed to maintaining high quality standards. We offer customization options such as digital printing, shrink sleeving, dry offset printing, pad printing, and screen printing.

Our commitment to quality is reflected in our certifications, including FSSC 22000, ISO 9001:2015, Hazard Analysis & Critical Control Point (HACCP) standards, ISO 14001:2015 for Environment Management System, FSC for Forest Management Certification, and SEDEX 4 Pillar for Labour Standards, Health & Safety, Environment and Business Ethics. We use high-grade raw materials to ensure our products meet both national and international quality benchmarks.

We export our products to Europe, the USA, Australia, the Middle East, and Africa. Our products are designed, developed, and manufactured as per local use and preferences. Our long-standing relationships with over 25 customers reflect our commitment to quality and consistency.

The growth of Glen Industries is attributable to the leadership of Mr. Lalit Agrawal, a seasoned professional with over four decades of industry experience, currently serving as the Chairman of the Board, Director, and Promoter. He is also the President of the Indian Plastics Federation 2023-25 and a Managing Committee member of Plastindia Foundation.

Glen Industries Limited Financial Details

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	166.53	160.32	137.07	117.11
Revenue	43.66	145.22	119.59	96.71
Profit After Tax	5.24	8.58	0.57	3.85
Net Worth	27.18	21.94	13.36	11.88
Reserves and Surplus	44.38	39.17	30.68	17.79
Total Borrowing	93.28	88.83	81.65	72.18

₹ In Crore

Key Performance Indicator

4.88

39.10%

434.57 (Pre-Bonus) / 25.56 (Post-Bonus)

Data not available

Offer Objectives

The company is offering a public issue of up to 65 lakh equity shares with a face value of ₹10 each, priced at ₹[●] per share.

Utilization of Net Issue Proceeds: The net proceeds from the fresh issue are primarily intended for two key objectives:

Setting up a new manufacturing facility: Up to ₹48 crore will be allocated for establishing a new manufacturing unit located in Purba Bardhaman, West Bengal.
General Corporate Purposes: The remaining funds will be used for general corporate activities.

Means of Finance: The company plans to finance its objectives through a combination of IPO proceeds, internal accruals, and borrowings.

The requirement for setting up the new manufacturing facility amounts to ₹100.49 crore, which will be funded by up to ₹48 crore from the IPO proceeds, ₹2.49 crore from internal accruals, and up to ₹50 crore through borrowings. The breakdown for General Corporate Purpose and Public Issue Expenses are to be determined [●].

The company believes the listing will enhance its corporate image and brand visibility, provide liquidity to existing shareholders, and create a public trading market for its equity shares on the SME Platform of BSE Limited.