GLEN Industries IPO is a ₹63.02 issue IPO, aiming to raise ₹63.02 crore. It comprises of a fresh issue of 64.97 lakh equity shares. The bidding window was open from July 8, 2025, to July 10, 2025, with the IPO allotment to be finalised on July 11, 2025. GLEN Industries is scheduled to list on BSE SME on July 15, 2025.
The IPO was priced at ₹63.02 per share with a lot size of 1200 shares. The public issue received bids for 1,13,78,42,400 shares against 43,71,600 shares available, resulting in an overall subscription of 260.28 times. NIIs led the response, subscribing 476.25 times their quota, followed by retail investors at 225.15 times.
GLEN Industries' ₹63.02 crore IPO, priced at a range of ₹92-₹97 per share, was subscribed 260.28 times overall. The IPO is a fresh issue of 64.97 lakh equity shares. Bidding took place from July 8 to July 10, 2025, with the GLEN Industries IPO allotment status on July 11, 2025. Retail investors subscribed 225.15 and NIIs 476.25 times. Listing is expected on July 15, 2025.
The table below breaks down the GLEN Industries share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 3,25,200 (5.01%) |
| QIB Shares Offered | 30,04,800 (46.25%) |
| − Anchor Investor Shares Offered | 18,00,000 (27.71%) |
| − QIB (Ex. Anchor) Shares Offered | 12,04,800 (18.54%) |
| 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%) |
| Total Shares Offered | 1,81,85,834 (100.00%) |
Data Source: BSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 192.46 |
| Non-Institutional Investors | 476.25 |
| Retail Individual Investors | 225.15 |
| Total shares | 260.28 |
Note: The subscription details are as of July 10, 2025
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.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 10, 2025, 9:54 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and asset management, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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