Glen Industries Limited IPO
GLEN Industries Limited, originally incorporated as GLEN Stationery Pvt. Ltd. in 2007, has evolved into a leading manufacturer of food packaging and service products. Serving the HoReCa, QSR, and beverage sectors, the company specializes in Thin Wall Food Containers and eco-friendly PLA and paper straws. With a production capacity of over 900 MT/month and a 90,000 sq. ft. advanced facility in Howrah, GLEN ensures high-quality output using imported electric injection moulding machines. Their focus on quality, hygiene, customization, and skilled workforce has positioned them as a trusted name in both domestic and international markets.
Price Band₹92 - ₹97 |
Dates08 Jul - 10 Jul |
GMP₹43 (44.33%) |
Subscriptions- |
Issue Size₹63.02 Crs |
Glen Industries IPO Objects
- For Setting up a new manufacturing facility in West Bengal
- General Corporate Purpose
Glen Industries IPO Details
Price Band₹92 - ₹97 |
Listing AtBSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹63.02 Cr (0.65 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹63.02 Cr (0.65 Cr Shares) |
Face Value₹10 per equity share |
Glen Industries IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
2
2,400
2,32,800
Maximum
2
2,400
2,32,800
|
|||
| Small HNI |
Minimum
3
3,600
3,49,200
Maximum
8
9,600
9,31,200
|
|||
| Big HNI |
Minimum
9
10,800
10,47,600
|
|||
Glen Industries IPO GMP
The estimated Grey Market Premium of Glen Industries IPO is ₹43 per share (44.33%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of Net Offer |
| NII | Not less than 15% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Market Maker | 3,25,200 EQ Shares |
| Employee | 1,53,600 EQ Shares |
Glen Industries IPO Financials
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue from Operations | 170.66 | 144.50 | 118.85 |
| Profit after Tax | 18.27 | 8.58 | 1.49 |
| Net Worth | 40.21 | 26.65 | 18.07 |
| Total Borrowing | 132.83 | 88.83 | 81.65 |
| Total Assets | 214.36 | 160.31 | 137.07 |
| NAV per share (in ₹) | 33.23 | 25.56 | 20.73 |
| EPS - Basic (in ₹) | 10.40 | 4.88 | 0.85 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 23.60% |
| PAT | 10.70% |
| RONW | 45.43% |
| ROCE | 16.94% |
| Debt to Equity | 2.28 |
| PE Ratio | 9.33 |
| PB Ratio | 2.92 |
| Mkt Cap (in Crs.) | 233.40 |
- All Ratios are based on Mar 25
- PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.
Glen Industries IPO Peer Comparision
| Particulars | Glen Industries | Rajshree Polypack |
|---|---|---|
| Revenue from Ops (in Crs.) | 170.66 | 329.74 |
| EPS - Basic | 10.40 | 1.09 |
| EPS - Basic | 33.23 | 21.73 |
| RONW | 45.43% | 4.98% |
| EBITDA | 23.60% | 12.09% |
| PAT Margin | 10.70% | 2.41% |
| Price to earning (PE) | 9.33 | 24.94 |
| Debt to Equity | 2.28 | 0.73 |
- All the information pertains to FY 2024-25
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 16, 2025 for Peers
Glen Industries IPO Peer Comparision
| Particulars | Glen Industries |
|---|---|
| Revenue from Ops (in Crs.) | 170.66 |
| EPS - Basic | 10.40 |
| EPS - Basic | 33.23 |
| RONW | 45.43% |
| EBITDA | 23.60% |
| PAT Margin | 10.70% |
| Price to earning (PE) | 9.33 |
| Debt to Equity | 2.28 |
| Rajshree Polypack |
|---|
| 329.74 |
| 1.09 |
| 21.73 |
| 4.98% |
| 12.09% |
| 2.41% |
| 24.94 |
| 0.73 |
- All the information pertains to FY 2024-25
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 16, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Lalit Agrawal | 49.68% |
| Lata Agrawal | 20.12% |
| Nikhil Agrawal | 19.60% |
| Niyati Seksaria | 10.06% |
| Other Promoter | 0.54% |
| Total | 100.00% |
Management Details
| Name | Designation |
|---|---|
| Nikhil Agrawal | MD |
| Chirag Ribiawala | CFO |
Company Details
Name: GLEN Industries Limited
Address: Rajveena, 2nd Floor, 50A, Block-C, New Alipore, Kolkata, West Bengal, India, 700053
Number: +91 9874775191
Email: info@glen-india.com
Website: www.glen-india.com
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Glen Industries IPO is a SME IPO having an issue size of Rs. ₹63.02 Crs. Glen Industries IPO is priced at ₹92 - ₹97 per share. The issue opens on 08 Jul 25 and closes on 10 Jul 25.
Glen Industries IPO opens on 08 Jul 25 and closes on 10 Jul 25.
The estimated Grey Market Premium of Glen Industries IPO is ₹43 per share (44.33%).
The minimum lot size of Glen Industries IPO is 1200 shares & the minimum application amount is Rs. 116400.
The allotment date of Glen Industries IPO is 11 Jul 25.
The listing date of Glen Industries IPO is 15 Jul 25.
Glen Industries IPO is subscribed -.
Glen Industries IPO is priced at ₹92 - ₹97 per share.
Click the allotment link on Glen Industries IPO page of IPO360.
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