Glen Industries Ltd. is going to launch its IPO on July 08, 2025, the objective of raising 63.02 crores from the market. The closing date of the IPO is July 10, 2025, and it will be listed on the Bombay Stock Exchange (BSE) on July 15, 2025.
About company
Established in 2007, GLEN Industries is a manufacturer of food packaging products specializing in thin-wall food containers, PLA straws, and paper straws for the HoReCa sector, beverage industry, and food packaging companies. Originally a stationery company, Glen Industries transitioned to food packaging manufacturing in 2019.
The company is based in West Bengal and services the food, beverage, and dairy industries as well as quick-service restaurants. It has a production capacity of 665 MT/month for containers, 160 MT/month for PLA straws, and 95 MT/month for paper straws.
Glen Industries is certified to meet HACCP, ISO 9001:2015, and FSSC 22000 standards.
The business provides recurring clients with specialized packaging solutions and a range of printing methods to satisfy certain market demands while exporting to Europe, the United States, Australia, the Middle East, and Africa.
The company is a two-star export house recognized by the Indian government and it exports to over 25 countries worldwide. Additionally, Indian Customs has designated the company as an Authorized Economic Operator Tier 2 (MSME).
IPO details of Glen Industries
| IPO Date | 08 July 2025 to 10 July 2025 |
| Offer Price | 92 to 97 per share |
| Lot Size | 1200 Share |
| Max Retail Subscription (In Rs.) | 5 lakhs |
| Face Value | 10 per share |
| Issue Size (In Cr.) | 63.02 |
| Issue Type | Book Building |
| Listing In | BSE |
Investor category allocation of Glen Industries IPO
| Investor category | Shares Offered | Allocation % |
| Retail Individuals | 2107200 | 32.43% |
| Anchor Investors | 1800000 | 27.71% |
| QIBs | 1204800 | 18.54% |
| NIIs/HNIs | 906000 | 13.95% |
| Employee Reservation | 153600 | 2.36% |
| Market Maker | 325000 | 5.01% |
| Total | 6496600 | 100% |
Glen Industries (IPO Schedule)
| IPO Open Date | 08 July 2025 |
| IPO Close Date | 10 July 2025 |
| UPI Mandate deadline | 10 July 2025 (5 PM) |
| Allotment Date | 11 July 2025 |
| Refund Initiation | 14 July 2025 |
| Demat Transfer | 14 July 2025 |
| Listing Date | 15 July 2025 |
Financial Information of Glen Industries IPO
| Financial End | March 2023 | March 2024 | March 2025 |
| Total Assets (In Cr.) | 137.07 | 160.31 | 214.36 |
| Revenue (In Cr.) | 119.59 | 145.22 | 171.28 |
| Profit After Tax (In Cr.) | 1.49 | 8.58 | 18.27 |
| Net Worth | 18.07 | 26.65 | 40.21 |
Objective of Glen Industries IPO
- For Setting up a new manufacturing facility at Purba Bardhaman, PS – Jamalpur, Gram Panchayat: Jougram, Mouza –Jaugram, JL no 114, West Bengal 713166
- General corporate purposes
List of Promoters
- Lalit Agrawal
- Lata Agrawal
- Nikhil Agrawal
- Niyati Seksaria
Prospectus of Glen Industries IPO
Registered Address of Glen Industries IPO
Glen Industries Ltd.
Rajveena, 2nd Floor, 50A, Block-C,
New Alipore, West Bengal-700053, India
Telephone: +91 9874775191
E-mail: info@glen-india.com
Website: www.glen-india.com
Glen Industries IPO Registrar
KFIN Technologies Limited
Selenium Tower-B, Plot 31 & 32,
Gachibowli, Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
Email: gil.ipo@kfintech.com
Website: www.kfintech.com
Glen Industries IPO Lead Manager
GYR Capital Advisors Private Limited
Glen Industries IPO FAQs
Q. What is Glen Industries IPO?
A. Glen Industries IPO is a SME IPO. The IPO is to be listed on BSE.
Q. When Glen Industries IPO will open for subscription?
A. The IPO is to open on 08 July 2025. The IPO will close on 10 July 2025.
Q. What is Glen Industries IPO Issue Size?
A. Glen Industries IPO issue size is 63.02 crores.
Q. What is Glen Industries IPO Price Band?
A. Glen Industries IPO Price Band is 92 to 97.
Q. What is Glen Industries IPO Lot Size?
A. The minimum bid is 1200 Shares with 1,16,400 amount.
Q. What is the Glen Industries IPO Allotment Date?
A. Glen Industries IPO allotment date is 11 July 2025.
Q. What is the Glen Industries IPO Listing Date?
A. Glen Industries IPO listing date is 15 July 2025.