IPO Details

Bidding Dates

08 Jul '25 - 10 Jul '25

Minimum Investment

₹1,10,400/ 1 Lot (1,200 Shares)

Price Range

₹92-₹97

Maximum Investment

₹2,32,800/ 2 Lot (2,400 Shares)

Retail Discount

To be announced

Issue Size

₹63.02 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

GLEN Industries IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jul 08, 25

IPO Closing Date

Jul 10, 25

Basis of Allotment

Jul 11, 25

Initiation of Refunds

Jul 14, 25

IPO Listing Date

Jul 15, 25

About GLEN Industries IPO

GLEN Industries IPO is a book-built issue of ₹63.02 crore, consisting entirely of a fresh issue of 64.97 lakh equity shares. The IPO opens for public subscription on July 8, 2025, and closes on July 10, 2025. The basis of allotment is expected to be finalised on July 11, 2025. 

The shares are proposed to be listed on the BSE SME platform, with a tentative listing date set for July 15, 2025. The price band for the GLEN Industries IPO is fixed between ₹92 to ₹97 per share. Investors can apply for a minimum lot size of 1200 shares. 

For retail investors, the minimum investment amount stands at ₹1,10,400 for 1,200 shares. High Net-Worth Individuals (HNI) must invest in at least three lots, or 3,600 shares, which amounts to ₹3,49,200.

A reservation of up to 1,53,600 shares is made for eligible employees at a discounted price of ₹5 per share. GYR Capital Advisors Private Limited is managing the book-building process, with Kfin Technologies Limited acting as the registrar and Giriraj Stock Broking Private Limited serving as the market maker.

Industry Outlook

  1. The global plastic packaging market is projected to grow from 103.63 million tonnes in 2024 to 121.93 million tonnes by 2029, with a CAGR of 3.31%. This steady global growth creates long-term demand opportunities for companies like GLEN Industries Limited, especially in supplying durable and flexible packaging materials.
  2. In India, the plastic packaging market is expected to expand from USD 21.77 billion in 2024 to USD 25.35 billion by 2029, growing at a CAGR of 3.09%. With rising demand from the food, beverage, and FMCG sectors, GLEN Industries can benefit from this momentum by catering to domestic packaging needs.
  3. The rising popularity of pouch packaging and PET-based containers in the Indian market, combined with innovations like heat-resistant bottles, opens up new product development opportunities. This trend supports GLEN Industries Limited’s potential to diversify and strengthen its packaging solutions.

GLEN Industries IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Funds will be used to set up a new manufacturing facility in Purba Bardhaman, West Bengal, supporting capacity expansion and operational growth.
  2. Remaining funds will be allocated towards general corporate purposes and other strategic needs.

About GLEN Industries Limited 

GLEN Industries Limited, originally incorporated as GLEN Stationery Private Limited in October 2007, began its journey in the stationery and printing materials segment. The company underwent a name change to GLEN Industries Private Limited in December 2018, and later converted into a public limited company in August 2024.

GLEN Industries is engaged in the manufacturing of a wide range of food packaging and service products. Its key offerings include Thin Wall Food Containers, Paper Straws, and Polylactic Acid (PLA) Straws. These products cater primarily to the HoReCa sector, Quick Service Restaurants (QSR), and the food, beverage, and dairy industries. 

The company began production of Thin Wall Food Containers in 2019 with a capacity of 195 MT/month, which has now increased to 665 MT/month. It also expanded into paper and PLA straws, now producing 95 MT/month and 160 MT/month respectively.

A new facility in Dhulagarh, Howrah, spanning 90,000 sq. ft., has further strengthened the company’s manufacturing capabilities. GLEN Industries maintains high-quality standards through advanced machinery, skilled staff, and strict compliance with certifications such as FSSC 22000, ISO 9001:2015, and HACCP.

Under the leadership of Mr. Lalit Agrawal, the company has expanded its market reach globally, exporting to regions like Europe, the USA, Australia, and the Middle East. Strong financial growth has also been recorded, with revenues increasing from ₹11,885.07 lakh in FY23 to ₹17,066.09 lakh in FY25, reflecting consistent business performance and market demand.

How To Check the Allotment Status of GLEN Industries IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the GLEN Industries IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the GLEN Industries IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of GLEN Industries IPO 

Registered office: Rajveena, 2nd Floor, 50A, Block-C, New Alipore, Kolkata, West Bengal, India, 700053

Phone: +91 9874775191

E-mail:info@glen-india.com

GLEN Industries IPO Reservation

Investor Category

Shares Offered

Market Maker Shares Offered

3,25,200 (5.01%)

QIB Shares Offered

30,04,800

− QIB (Ex. Anchor) Shares Offered

30,04,800

NII (HNI) Shares Offered

9,06,000 (13.95%)

Retail Shares Offered

21,07,200 (32.43%)

Employee Shares Offered

1,53,600 (2.36%)

Total Shares Offered

64,96,800 (100.00%)

GLEN Industries IPO Lot Size

Application

Lots

Shares

Amount

Individual investors (Retail) (Min)

1

1,200

₹1,10,400

Individual investors (Retail) (Max)

2

2,400

₹2,32,800

HNI (Min)

3

3,600

₹3,49,200

GLEN Industries IPO Promoter Holding

The promoters of the company include Mr. Lalit Agrawal, Mrs. Lata Agrawal, Mr. Nikhil Agrawal, and Mrs. Niyati Seksaria.

Share Holding Pre-Issue

100.00%

Share Holding Post Issue

-

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

GLEN Industries IPO Anchor Investors Details

Bid Date

July 7, 2025

Shares Offered

0

Anchor Portion Size (In ₹ Cr.)

0.00

Anchor lock-in period end date for 50% shares (30 Days)

August 10, 2025

Anchor lock-in period end date for remaining shares (90 Days)

October 9, 2025

Key Performance Indicators for GLEN Industries IPO

KPI

Value

EBITDA Margin (%)

23.60

RoCE (%)

16.94

RoNW (%)

45.43

PAT Margin (%)

10.70

Price to Book Value

0.22

GLEN Industries IPO Prospectus

GLEN Industries IPO Registrar and Lead Managers

GLEN Industries IPO Lead Managers

  • GYR Capital Advisors Private Limited

Registrar for GLEN Industries IPO

Kfin Technologies Limited

GLEN Industries IPO Registrar

Financial Performance of GLEN Industries Limited

Particulars Year ending on March 31, 2025 Year ending on March 31, 2024 Year ending on March 31, 2023
Revenue from Operation (in ₹ lakh) 17,066.09 14,450.02 11,885.07
Profit/ (loss) for the year (in ₹ lakh) 1,826.57 857.89 148.55
Total borrowings (in ₹ lakh) 13,282.74 8,882.75 8,165.32
Total Income (in ₹ lakh) 17,128.44 14,522.41 11,959.13
Return on Net Worth (%) 45.43 32.19 8.22
Return on Capital Employed (RoCE) (%) 16.94 13.49 6.57
EBITDA (in ₹ lakh) 4,043.05 2,486.88 1,389.06

Know before investing

Strengths

5
  1. Strong leadership with 40+ years’ experience drives strategic business growth.

  2. Export presence in Europe, USA, Middle East reflects customer trust.

  3. Monthly production capacity of 665 MT shows robust manufacturing strength.

  4. ISO and HACCP certifications ensure global standards in product quality.

  5. ₹4,773 lakh allocated for a new facility to boost production scale.

Risks

5
  1. 57.04% of revenue in FY25 was spent on volatile raw materials.

  2. Operations rely on external suppliers for machinery and raw materials.

  3. No non-compete pact with subsidiary may lead to conflict risks.

  4. Complete dependence on third-party logistics can disrupt product deliveries.

  5. ₹4,773 lakh project delay may impact operations and cash flows.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

GLEN Industries IPO Peer Comparison

Company Name EPS (Basic) EPS (Diluted) NAV (per share) (₹) RoNW (%)
GLEN Industries Limited 10.40 10.40 33.23 45.43
Rajshree Polypack Limited 1.09 1.08 21.73 4.98

GLEN Industries IPO FAQs

What is the GLEN Industries IPO?

GLEN Industries IPO is a book built issue IPO. It runs from July 8, 2025, to July 10, 2025.

When will the GLEN Industries IPO be allotted?

The Basis of Allotment will happen on Friday, July 11, 2025.

When will the GLEN Industries IPO open for subscription?

The IPO subscription window will open on July 8, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,200 shares.

When will the GLEN Industries IPO list on exchanges?

The listing date for GLEN Industries IPO is Tuesday, July 15, 2025.

What is the issue size of the GLEN Industries IPO?

The issue size of the GLEN Industries IPO is up to ₹63.02 crore.

What are the open and close dates of the GLEN Industries IPO?

The open and close dates for GLEN Industries IPO are from July 8, 2025, to July 10, 2025.

What would be the listing gains on the GLEN Industries IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

When will I know if my GLEN Industries IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of GLEN Industries IPO?

Kfin Technologies Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the GLEN Industries IPO getting listed?

GLEN Industries IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).