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GLEN Industries IPO

  • Status: Closed
  • RHP:
  • ₹ 220,800 / 2400 shares

    Minimum Investment

GLEN Industries IPO Details

  • Open Date

    08 Jul 2025

  • Close Date

    10 Jul 2025

  • Listing Date

    15 Jul 2025

  • IPO Price Range

    ₹ 92 to ₹ 97

  • IPO Size

    ₹ 59.86 Cr

  • Listing Exchange

    BSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

GLEN Industries IPO Timeline

GLEN Industries IPO Subscription Status

Last Updated: 10 July 2025 6:39 PM by 5paisa

GLEN Industries Limited is set to launch its IPO on July 8, 2025. Incorporated in 2007, the company is engaged in manufacturing eco-friendly food packaging and service products. Their product portfolio includes thin-wall food containers and compostable straws catering to Hotels, Restaurants, Cafés/Catering (HoReCa), the beverage industry, and the food packaging sector.

GLEN Industries operates a 90,000 sq. ft. advanced manufacturing facility in Dhulagarh, equipped with modern machinery and skilled manpower. The company exports its products to Europe, the USA, Australia, the Middle East, and Africa, adapting to local preferences. As of May 31, 2025, the company employed 306 permanent staff.

Established in: 2007
MD: Mr. Nikhil Agrawal

Peers:

Rajshree Polypack Limited
 

GLEN Industries Objectives

The company plans to utilise the net IPO proceeds towards:

Setting Up a New Manufacturing Facility
General corporate purposes
 

GLEN Industries IPO Size

Types Size
Total IPO Size ₹59.86 Cr
Offer For Sale -
Fresh Issue ₹59.86 Cr

 

GLEN Industries IPO Lot Size

Application Lots Shares Amount
Retail (Min) 2 2,400 ₹2,20,800
Retail (Max) 2 2,400 ₹2,20,800
S-HNI (Min) 3 3,600 ₹3,31,200
S-HNI (Max) 8 9,600 ₹8,83,200
B-HNI (Min) 9 10,800 ₹9,93,600

GLEN Industries IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 192.46     12,04,800 23,18,71,200 2,249.15
NII (HNI) 476.25 9,06,000 43,14,84,000 4,185.39
Individual Investors (IND category bidding for 2 Lots)     225.15 21,07,200 47,44,32,000 4,601.99
Total** 260.28 43,71,600 1,13,78,42,400 11,037.07

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY24 FY25
Revenue 119.59 145.22 171.28
EBITDA 13.89 24.87 40.43
PAT 1.49 8.58 18.27
Particulars (in Rs. Crores)] FY23 FY24 FY25
Total Assets 137.07 160.31 214.36
Share Capital 5.74 5.74 17.56
Total Borrowings 81.65 88.83 132.83
Particulars (in Rs. Crores FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities 10.80 13.55 4.93
Net Cash Generated From / (used in) investing activities -14.31 -14.30 -34.21
Net Cash Generated From / (used in) financing activities 3.83 -0.20 30.32
Net Increase (Decrease) In Cash And Cash Equivalents 0.31 -0.95 1.03


Strengths

1. Experienced promoters and management team
2. Established customer relationships in domestic and export markets
3. Advanced in-house processing and focus on cost competitiveness
4. Quality assurance and customisation capabilities
 

Weaknesses

1. High debt levels
2. Significant capital expenditure requirements
3. Dependence on a limited product range
4. Businesses concentrated in select export markets
 

Opportunities

1. Increasing demand for eco-friendly food packaging
2. Growing global focus on sustainable alternatives
3. Expansion into new markets and product segments
4. Scope to diversify product range within the eco-friendly packaging segment
 

Threats

1. Volatility in raw material prices
2. Regulatory changes in the packaging industry
3. Competition from domestic and international players
4. Over-reliance on a few international markets for revenue
 

1. Rapid revenue and profit growth
2. Expanding production capacity to meet rising demand
3. Established a global customer base
4. Positioned to benefit from the global shift towards sustainable packaging
 

1. Rising demand for sustainable, eco-friendly packaging globally
2. Strong growth in the HoReCa and food delivery segments
3. Shift towards plastic alternatives driven by environmental concerns
4. Export potential to developed markets due to regulatory support
 

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FAQs

GLEN Industries IPO opens on July 8, 2025, and closes on July 10, 2025.
 

GLEN Industries IPO size is ₹59.86 Cr, entirely through a fresh issue.
 

GLEN Industries IPO price band is ₹92 to ₹97 per share.

To apply for GLEN Industries IPO follow the steps given below:

  • Login to your 5paisa account and select the issue in the current IPO section
  • Enter the number of lots and the price at which you wish to apply for the GLEN Industries IPO
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

You will receive the mandate notification to block funds in your UPI app
 

The minimum of 2 lot size of GLEN Industries IPO is 2,400 shares, requiring ₹2,20,800 investment.
 

Tentative listing date of GLEN Industries IPO is July 15, 2025, on BSE SME.
 

GYR Capital Advisors Private Limited is the book-running lead manager of GLEN Industries IPO.
 

GLEN Industries aims to utilise the proceeds for:

  • Capacity Expansion
  • General corporate purposes.