Glen Industries IPO opens: Check price band, lot size, objectives and key dates

Glen Industries IPO is seeking to raise ₹63.02 crore via a fresh issuance of 64,96,800 equity shares. The issue is open from July 8 to July 10. The price band has been fixed at ₹92 to ₹97 per share.

The issue proceeds will be used to the tune of ₹47.73 crore to set up a manufacturing facility in West Bengal's Purba Bardhaman, and the rest will be utilised to cover general corporate purposes.

Glen Industries IPO: Lot size

A lot consists of 1,200 shares. Individual investors can apply for at least 2,400 shares amounting to ₹2,20,800.

The company has reserved 30,04,800 shares for qualified institutional buyers, 9,06,000 shares for non-institutional investors and 21,07,200 shares for individual investors.

The firm has also set aside 1,53,600 shares for the employees at a discount of ₹5 to the issue price.

Glen Industries IPO key dates: Allotment and listing date

The basis of allotment for Glen Industries is expected to be finalised on July 11. The company's equity shares will be listed on the BSE SME on July 15.

GYR Capital Advisors Pvt Ltd is the issue's sole book-running lead manager, while KFin Technologies is the registrar.

About Glen Industries

Glen Industries makes food packaging and service products such as thin wall food containers, paper straws, and polylactic acid (PLA) primarily supplied to hotels, restaurants, cafes, the food packaging industry, and the beverage industry.

Apart from the domestic market, the company exports its products to Europe, Australia, the USA, the Middle East and Africa.

Glen Industries had reported a revenue from operations of ₹170.66 crore for the financial year 2024-25, up 18.1% compared to ₹144.5 crore in the previous fiscal year. The company's total income advanced 17.94% year-on-year (YoY) to ₹171.28 crore in the year ended March 2025.

Its profit after tax (PAT) surged 113% to ₹18.26 crore in FY25, as against ₹8.57 crore in FY24.