GLEN Industries IPO Subscribed 260.28 Times on Final Day

GLEN Industries' initial public offering (IPO) has demonstrated remarkable investor demand through its third and final day of subscription, with GLEN Industries' stock price set at ₹97 per share reflecting tremendous market reception. The ₹63.02 crore IPO surged dramatically to 260.28 times by 5:04:34 PM on day three, indicating extraordinary investor interest in this eco-friendly food packaging manufacturer incorporated in 2007.

GLEN Industries IPO non-institutional investors segment leads with phenomenal 476.25 times subscription, whilst individual investors demonstrate exceptional participation at 225.15 times and qualified institutional buyers show robust interest at 192.46 times, reflecting overwhelming investor confidence in this company.

Subscription Status of GLEN Industries IPO:

Here are the subscription details for GLEN Industries IPO as of Day 3 (July 10, 2025, 5:04:34 PM):

Key Highlights - Day 3:

• Overall subscription reaching an exceptional 260.28 times, a massive surge from day two's modest levels
• NII segment leading with phenomenal demand at 476.25 times, dramatically increasing from day two's 14.21 times
• bNII category showing extraordinary participation at 588.85 times, reflecting strong high-net-worth investor appetite
• Individual investors demonstrating exceptional interest at 225.15 times, significantly jumping from day two's 12.25 times
• QIB segment showing robust participation at 192.46 times, substantially building from day two's 1.62 times
• Employee segment showing limited participation at 0.36 times despite ₹5 discount offered
• Final day witnessed extraordinary participation across all major investor categories
• Total applications reached 2,44,644, indicating massive investor participation for this SME IPO
• Cumulative bid amount reached ₹11,037.07 crores against the issue size of ₹63.02 crores

GLEN Industries IPO - Day 2 Subscription

Key Highlights - Day 2:

• NII segment demonstrating strong growth at 14.21 times, building momentum from day one's 2.19 times
• Individual investors showing solid improvement at 12.25 times, significantly increasing from day one's 1.54 times
• QIB segment showing initial progress at 1.62 times, building from day one's minimal participation
• bNII category leading with 18.37 times, indicating early high-net-worth interest

GLEN Industries IPO - Day 1 Subscription

Key Highlights - Day 1:

• NII segment leading early participation at 2.19 times, indicating initial high-net-worth confidence
• Individual investors showing encouraging early interest at 1.54 times, reflecting positive retail sentiment
• QIB segment showing minimal early participation, reflecting cautious institutional approach
• bNII category demonstrating early interest at 2.24 times, whilst sNII remained subdued at 0.14 times

About Chemkart India Limited

Incorporated in 2007, GLEN Industries Limited is engaged in the manufacturing of eco-friendly food packaging and service products. The company specialises in producing thin-wall food containers and compostable straws, serving sectors such as Hotels, Restaurants, Cafés/Catering, the beverage industry, and food packaging. The company is committed to meeting growing demand with a new 90,000 sq. ft. manufacturing facility in Dhulagarh, equipped with advanced machines and skilled staff to enhance production and quality, with exports to Europe, USA, Australia, the Middle East, and Africa, employing 306 permanent personnel as of May 2025.