GLEN Industries was incorporated on October 05, 2007. The company manufactures a wide range of food packaging and service products, including thin wall food containers, PLA straws, and paper straws, catering primarily to the HoReCa, QSR, beverage, and food packaging industries. It was originally incorporated as “Glen Stationery Private Limited” for stationery and printing material manufacturing
| Bidding Dates |
|---|
| 08 Jul 2025 - 10 Jul 2025 |
| Subscription |
|---|
| 242.32x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,20,800 | 2 | 2 | 1200 | 6.5 M | ₹92 - ₹97 | 73 % | ₹597.7 M - ₹630.2 M | RHP DOC |
GLEN Industries IPO SUBSCRIPTION STATUS
10 Jul '25GLEN Industries IPO overall subscription rate was 242.32 times the total available shares
GLEN Industries IPO retail subscription rate was 288.61 times in the retail segment
GLEN Industries IPO non-institutional investor subscription rate was 612.91 times in the non-institutional investor category
GLEN Industries IPO Qualified Institutional Bidder subscription rate was 98.74 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
10 Jul 2025 (Day 3) | 288.61x | 612.91x | 98.74x |
09 Jul 2025 (Day 2) | 23.55x | 18.73x | 0.83x |
08 Jul 2025 (Day 1) | 2.88x | 2.82x | - |
GLEN Industries FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 18.3 | 170.7 | 4.9 | -30.0 | 23.6% |
| FY24 | 8.6 | 144.5 | 13.5 | -0.1 | 17.1% |
| FY23 | 1.5 | 118.9 | 10.8 | -2.8 | 11.6% |
GLEN Industries IPO SUBSCRIPTION STATUS DETAILS
GLEN Industries had 6.5 M shares on offer
GLEN Industries IPO offer price was in the range ₹92 - ₹97
GLEN Industries IPO minimum Investment was ₹220800
GLEN Industries IPO issue size was ₹ 597.7 M - ₹ 630.2 M
GLEN Industries had a minimum lot size of 1200 Shares per application
GLEN Industries NUMBER OF SHARES ON OFFER
GLEN Industries IPO IMPORTANT DATES
| Issue Open Date | 08 Jul 2025 |
| Issue close Date | 10 Jul 2025 |
| Allotment Date | 11 Jul 2025 |
| Refund Date | 14 Jul 2025 |
| Demat Account Credit Date | 14 Jul 2025 |
| Listing Date | 15 Jul 2025 |
| Listing on Exchange(s) | BSE |
| GLEN Industries Allotment Status | Exchange/ Registrar |
GLEN Industries IPO subscription opened on 08 Jul 2025, and closed on 10 Jul 2025
IPO allotment for GLEN Industries was finalized on Friday, 11 Jul 2025
IPO listing for GLEN Industries was on BSE on Tuesday, 15 Jul 2025
GLEN Industries IPO LISTING GAINS
| Issue Price (adjusted) | 97.0 |
| Listing Open Price | 157.0 |
| Listing Close Price | 152.4 |
| Listing Gain% | 61.9% |
| Current Gain% | 17.6% |
GLEN Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GLEN Industries Ltd. | 114 | 274.4 | 16.6 | -1.7 | 1.3 | 13.8 | 5.7 | 205.2 | 19.8 | 16.5 | -9.7 | 6.9 | -9.7 |
| Garware Hi-Tech Films Ltd. | 6973 | 16200 | 41.8 | 2.2 | 7.2 | 12.7 | 11.2 | 2185 | 1 | 338.2 | 2.1 | 166.9 | 19 |
| EPL Ltd. | 224.7 | 7198.1 | 18.5 | 2.2 | 1.5 | 13.6 | 7.9 | 4806.5 | 12.9 | 388.9 | 8.3 | 12.1 | 8.3 |
| AGI Greenpac Ltd. | 709.8 | 4592.2 | 12.7 | 3.1 | 1.7 | 14.6 | 9.9 | 2760.4 | 6 | 351.7 | 9.1 | 56 | 4.1 |
| Uflex Ltd. | 488.7 | 3529 | 11.1 | 0.1 | 0.2 | 3.9 | 1.4 | 15513 | 2.1 | 317.1 | 122.8 | 43.9 | 122.7 |
| Polyplex Corporation Ltd. | 1115.9 | 3503.1 | 77.9 | -1 | 0.5 | 1.1 | 0.5 | 7173.4 | 2.8 | 45 | -78.5 | 14.3 | -78.5 |
GLEN Industries INFORMATION ON IPO ISSUE
About GLEN Industries
GLEN Industries was incorporated on October 05, 2007. The company manufactures a wide range of food packaging and service products, including thin wall food containers, PLA straws, and paper straws, catering primarily to the HoReCa, QSR, beverage, and food packaging industries. It was originally incorporated as “Glen Stationery Private Limited” for stationery and printing material manufacturing
Object of the Issue
- For setting up a new manufacturing facility at Purba Bardhaman, West Bengal
- General corporate purposes
GLEN Industries - PROMOTERS
| Name |
|---|
| Lalit Agrawal |
| Lata Agrawal |
| Nikhil Agrawal |
| Niyati Seksaria |
GLEN Industries Lead Manager to the issue
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
GLEN Industries Registrar to the issue
KFIN Technologies Limited
gil.ipo@kfintech.com
GLEN Industries Strengths
In-house processing facilities
The company’s modern manufacturing facilities follow strict hygiene standards and use advanced machinery to ensure product quality and efficiency. Through waste reduction, process optimization, and cost control, it delivers value-for-money products while maintaining competitive pricing across diverse market segments
Quality control
The company manufactures products in compliance with global standards like FSSC 22000, ISO 9001:2015, HACCP, and ISO 14001:2015, ensuring top-tier quality, food safety, and environmental responsibility. With FSC and SEDEX 4 Pillar certifications, and rigorous quality control, it guarantees safe, reliable, and sustainable products
Customization capabilities
The company offers customizable packaging solutions in design, size, and branding to meet diverse client needs in the food service and retail sectors. This flexibility enhances brand identity, supports niche demands like eco-friendly options, and helps clients improve customer engagement and market competitiveness
GLEN Industries Risks
Raw material price fluctuation
The company’s key raw materials are global commodities with volatile prices, comprising over 57% of revenue in recent fiscals. Fluctuations in input costs or supply shortages may adversely impact margins if not offset by pricing or cost-saving measures
Risks of international trade
The company derives a significant portion of its revenue from exports to multiple countries. As a result, any adverse global economic developments or new trade restrictions in key export markets may negatively impact its international sales and overall performance
Non- compliance risks
The company is subject to stringent environmental, safety, health, and labour regulations. Any changes in these laws may require additional investments in pollution control and compliance, potentially increasing operational costs
IPO FAQs
The promoters of the company are Lalit Agrawal, Lata Agrawal, Nikhil Agrawal and Niyati Seksaria.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 92.0 - 97.0.
The IPO application opens on Jul 08, 2025 and closes on Jul 10, 2025.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 220,800.0, the maximum value for this IPO is Rs 232,800.0.
This IPO will be allotted on Jul 11, 2025.
The refund will be credited to your account on Jul 14, 2025.
The allotted shares will be credited to your demat on Jul 14, 2025.
GLEN Industries Ltd.’s shares listed on the stock exchanges on Jul 15, 2025.