Glen Industries IPO subscribed over 85 times so far on day 3; here's how to check allotment online

Glen Industries IPO: The initial public offering of Glen Industries Ltd has been subscribed 85.48 times so far on the final and last day of bidding on Thursday, July 10.

It has received bids for 40,14,96,000 shares as compared to 46,96,800 shares on offer, according to the BSE data until 1:20 pm.

The Kolkata-based company seeks to raise ₹63.02 crore via fresh issuance of 64.97 lakh equity shares. The price band has been fixed at ₹92-₹97 per share. The least investment for an individual investor is two lots or 2,400 shares.

The proceeds generated will be used to establish a new manufacturing plant and serve general corporate purposes.

How to check Glen Industries IPO allotment status on BSE

• Visit the BSE IPO allotment status URL: https://bseindia.com/investors/appli_check.aspx
• Select ‘Equity’ as the issue type
• Select ‘Glen Industries Ltd’ from IPO names
• Enter either your PAN or IPO application number
• Press the 'Search' button

Steps to check Glen Industries IPO allotment status on KFin Technologies

• Visit the registrar's website at https://ris.kfintech.com/ipostatus/)
• From the five links displayed, select any one
• In the ‘Select IPO’ list, pick 'Glen Industries Ltd'
• Enter any one: IPO application number, Demat account number or PAN.
• Click on 'Submit'

Glen Industries IPO listing date

Shares of Glen Industries will be listed on the BSE SME platform on Tuesday, July 15.

Glen Industries is into the production of eco-friendly food packaging and service products. It specialises in manufacturing thin-wall food containers and compostable straws, used in sectors like food packaging, beverages, hotels, restaurants, and cafes.

The company also exports its products to the USA, Australia, Europe, the Middle East, and Africa.