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16 Jul, 2025
GLEN Industries Limited IPO
GLEN Industries Limited IPO is about to launch for raising approximately ₹63.02 crores with a fresh issue of around 64.97 lakh equity shares at a price band of ₹92 to ₹97 per share. The subscription window of the IPO will be open from July 8 to July 10, 2025 with a tentative listing date of July 15, 2025 and it will be listed on the BSE SME platform. Retail investors will require a minimum of roughly ₹2.33 lakhs at the upper price band as they will need to buy a minimum of 2 lots, which means 2400 shares.
Company Background
GLEN Industries Limited was established in 2007 and continued its journey as a stationary company until 2019 when the company changed its focus to manufacturing food packaging products. The company is headquartered in West Bengal and has been developing eco-friendly packaging solutions since then to serve the growing demand for sustainable alternatives in the food and beverage industry. The company has built a reputation for quality and innovation that positions it as one of the key players in the domestic as well as international markets.
Operations & Product Range
Facility & Production
GLEN Industries IPO has a state-of-the-art manufacturing plant located in West Bengal and equipped with all the requirements to produce a variety of food packaging products. The current production capacity of the company includes 665 metric tonnes per month for thin-walled food containers, 160 metric tonnes per month of PLA (polylactic acid) straws and 95 metric tonnes per month of paper straws. The company is also certified with certifications like FSSC 22000, ISO 9001:2015 and HACCP, demonstrating the company's commitment towards quality and food standards.
Brands & Market Presence
GLEN Industries supplies its products primarily to the HoReCa sector (Hotels, Restaurants, Cafes), the beverage industry and food packaging companies. The client base of the GLEN Industries IPO mostly includes Quick Service Restaurants (QSRs) and companies of the food, beverages and dairy sectors. Apart from the domestic clients, the company also exports its products to the countries of Europe, the USA, Australia, the Middle East and Africa with customized packaging solutions and advanced printing solutions.
Revenue Channels
The GLEN Industries IPO has multiple revenue streams:
- A major portion of revenue comes from domestic sales of food packaging products to Indian QSRs.
- Export is another revenue source where the company exports its packaging products to continents like Europe, North America and Australia.
- A portion of the revenue comes from the customization and branding packaging solutions the company provides to its clients.
Management & Shareholding
Promoters and Shareholding
The promoters of GLEN Industries Limited are Mr. Lalit Agrawal, Mrs. Lata Agrawal, Mr. Nikhil Agrawal & Mrs. Niyati Seksaria and they collectively hold 100% of the pre-IPO shareholding. The promoter group brings extensive experience and sector knowledge, which has been instrumental in steering the company’s growth and strategic direction.
Board Members
The board of GLEN Industries Limited includes Mr. Lalit Agrawal (Chairman & Managing Director), Mrs. Lata Agrawal (Whole-Time Director), Mr. Nikhil Agrawal (Executive Director) and Mrs. Niyati Seksaria (Non-Executive Director). These key promoters actively oversee the company’s operations and strategic direction.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
GLEN Industries Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
GLEN Industries Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | July 8, 2025 to July 10, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹92 to ₹97 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 64,96,800 shares (aggregating up to ₹63.02 Cr) |
| Reserved for Market Maker | 3,25,200 shares (aggregating up to ₹3.15 Cr) |
| Net Offered to Public | 61,71,600 shares (aggregating up to ₹59.86 Cr) |
| Employee Discount | ₹5.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,75,64,570 shares |
| Share Holding Post Issue | 2,40,61,370 shares |
GLEN Industries Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tue, Jul 8, 2025 |
| IPO Close Date | Thu, Jul 10, 2025 |
| Tentative Allotment | Fri, Jul 11, 2025 |
| Initiation of Refunds | Mon, Jul 14, 2025 |
| Credit of Shares to Demat | Mon, Jul 14, 2025 |
| Tentative Listing Date | Tue, Jul 15, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 10, 2025 |
GLEN Industries Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| - | - | - | - |
GLEN Industries Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100.00% | - |
Competitive Strength:
- ● Experienced leadership with deep industry knowledge.
- ● Strong customer relationships and efficient supply chain management.
- ● Advanced in-house manufacturing facilities support high-quality, cost-effective production.
- ● Robust quality certifications (FSSC 22000, ISO 9001:2015, HACCP).
- ● Customization capabilities for client-specific branding and packaging needs.
- ● Consistent financial performance and established export channels.
GLEN Industries Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 214.36 | 171.28 | 18.27 | 40.21 | 132.83 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 160 | 145 | 9 | 26.65 | 88.83 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 137.07 | 119.59 | 1.49 | 18.07 | 81.65 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 16.94% |
| Debt/Equity | 2.28 |
| RoNW | 45.43% |
| PAT Margin | 10.70% |
| EBITDA Margin | 23.60% |
| Price to Book Value | 0.22 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.4 | 8 |
| P/E (x) | 9.33 | 13 |
IPO Objectives
The funds raised from the GLEN Industries Limited IPO will be used primarily for setting up a new manufacturing plant with approximately ₹47.73 crores (around 75.7% of the proceeds). The new setup is supposed to enhance the production capacity so that the company can meet the growing demand for eco-friendly food packaging products. The remaining amount of the IPO proceeds will be used for general corporate purposes such as debt payments, working capital needs and other expansion plans.
Conclusion
GLEN Industries Limited IPO presents an attractive opportunity for investors interested in the sustainable packaging sector which has witnessed a strong growth in the last few years due to environmental awareness and regulatory support. The company’s strong manufacturing capabilities, quality certifications and established client base across multiple geographic locations position it for better future growth. Overall, the GLEN Industries Limited IPO offers a chance to invest in a company that is aligned with global trends towards sustainability and innovation in food packaging.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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1. What are the GLEN Industries IPO dates?
On July 8, 2025, the IPO will begin and on July 10, 2025, it will shut.
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2. What is the IPO pricing range?
The pricing range for each equity share is ₹92 to ₹97.
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3. How much money does a retail investor need to invest?
Retail investors must apply for a minimum of 2 lots, which equals 2,400 shares, requiring an investment of approximately ₹2,32,800 at the upper price band.
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4. Who are the promoters of GLEN Industries Limited?
The promoters are Mr. Lalit Agrawal, Mrs. Lata Agrawal, Mr. Nikhil Agrawal and Mrs. Niyati Seksaria.
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5. What is the primary purpose of the IPO?
The IPO proceeds will mainly be used to set up a new manufacturing facility and for general corporate purposes.
