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GLEN Industries IPO
180.77xsubscribed

GLEN Industries IPO

Packaging
listed
₹2.21LMin. investment

GLEN Industries Limited IPO Details

SectorPackaging
Price range₹92.00 – ₹97.00
IPO type
SME
Lot size1200 shares
Issue size₹63Cr
Red Herring Prospectus
Read
Market cap
₹233.4CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹170.66CrLower than sector avg
Growth rate3Y CAGR
19.83%Higher than sector avg

GLEN Industries IPO Subscription Status

Date
QIB
NII
Retail
Total
08-Jul-25
0.0 times (X)
1.81 times (X)
2.24 times (X)
1.08 times (X)
09-Jul-25
0.65X
11.81X
18.37X
8.62X
10-Jul-25
77.17X
390.89X
222.85X
180.77X

As on 08-Jul-25, 5:30 PM

GLEN Industries IPO Timeline

  1. Pre-apply
    7 Jul 2025
  2. Bid start
    8 Jul 2025
  3. Bid end
    10 Jul 2025
  4. Allotment
    11 Jul 2025
  5. Release of funds
    14 Jul 2025
  6. Demat transfer
    14 Jul 2025
  7. Listing
    15 Jul 2025

About GLEN Industries Limited

Incorporated in 2007, Glen Industries manufactures a diverse range of food packaging products, including thin-wall food containers, polylactic acid straws, and paper straws, primarily serving the hotel, restaurant, catering and beverage industry. It operates through two primary segments: thin-wall food containers (contributing 73.53% of FY25 revenue) and straws including PLA straws (20.22% of revenue) and Paper straws (5.68% of revenue). The company also exports its products to Europe, the USA, Australia, the Middle East, and Africa. The company has received repeated business from 25+ customers over the years. In FY25, domestic sales contributed 66.52% while exports contributed 33.48% to total revenue.

Checklist

Quality analysis
Revenue growth
Company valuation
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Risk analysis
Debt to Equity ratio
Promoter holdings
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The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Objectives of Glen Industries Limited IPO

Capital expenditure
75.73%
The company will use ₹47.73 crore to set up a manufacturing unit in West Bengal.
General corporate purposes
24.20%
Part of the IPO proceeds will be used for general corporate purposes and strategic initiatives.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹170.66Cr19.83%₹18.27Cr₹233.4Cr9.332.28
This sector (avg.)₹548.46Cr0.02%₹22.31Cr₹769.01Cr26.760.72
₹2,528.82Cr---₹322.41Cr₹4,043.26Cr11.490.26
₹15,036.1Cr---₹142.36Cr₹3,329.67Cr8.551.13
₹1,770.26Cr---₹143.01Cr₹2,369.01Cr18.731.01

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

GLEN Industries IPO Contact Details

Company NameGLEN Industries Limited

How to apply for GLEN Industries IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Glen Industries Limited IPO FAQs

Investors can apply for the GLEN Industries IPO through their Demat account via the stock exchange or through their broker.
The issue size of the GLEN Industries IPO is 63 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
GLEN Industries IPO will be open between 2025-07-08 and 2025-07-10.
GLEN Industries IPO allotment date is 2025-07-14. For GLEN Industries IPO allotment status check, you can visit the website of the registrar of the IPO.
For GLEN Industries IPO, the IPO registrar is KFIN TECHNOLOGIES LIMITED. You can check GLEN Industries IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The GLEN Industries IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The GLEN Industries IPO lot size is 1200 and minimum order quantity is 2400.
GLEN Industries IPO has set the price band for its IPO at 97 per equity share with a face value of 10.