GLEN Industries IPO

Incorporated in 2007, Glen Industries Limited (GIL) manufactures eco-friendly food packaging and service products. It produces thin-wall food containers and compostable straws, catering to HoReCa, beverage, and packaging sectors. GIL operates a 90,000 sq. ft. advanced facility in Dhulagarh and exports to Europe, the USA, Australia, the Middle East, and Africa. Its product lines include high-capacity thin-wall containers and paper or PLA-based straws. With over 25 loyal clients and 306 permanent employees, the company reflects strong global presence and consistent quality commitment.

GLEN Industries Limited IPO Overview

GLEN Industries IPO is a book-built issue amounting to ₹63.02 crores, comprising a fresh issue of 64.97 lakh shares. The IPO opens for subscription on July 8, 2025, and closes on July 10, 2025, with allotment likely on July 11 and a tentative listing on the BSE SME platform scheduled for July 15, 2025. The price band is ₹92 to ₹97 per share, and each application requires a lot size of 1,200 shares. Retail investors must invest at least ₹2,20,800 for 2,400 shares, while HNIs have a minimum bid of ₹3,49,200 for 3,600 shares. The issue includes a reservation of 1,53,600 shares for employees at a ₹5 discount. GYR Capital Advisors Private Limited is the book-running lead manager, Kfin Technologies Limited is the registrar, and Giriraj Stock Broking Private Limited serves as the market maker.

GLEN Industries Limited IPO Details

Particulars	Details
IPO Date	8 July 2025 to 10 July 2025
Listing Date	15 July 2025
Face Value	₹10 per share
Issue Price Band	₹92 to ₹97 per share
Lot Size	1,200 Shares
Total Issue Size	64,96,800 shares (₹63.02 Cr)
Fresh Issue	64,96,800 shares (₹63.02 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	1,75,64,570 shares
Share Holding Post Issue	2,40,61,370 shares
Market Maker Portion	3,25,200 shares

GLEN Industries Limited IPO Reservation

Investor Category	Shares Offered
QIB	30,04,800
NII (HNI)	9,06,000 (13.95%)
Retail	21,07,200 (32.43%)
Employee	1,53,600 (2.36%)
Market Maker	3,25,200 (5.01%)

GLEN Industries Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	2,400	₹2,32,800
Retail (Max)	2	2,400	₹2,32,800
S-HNI (Min)	3	3,600	₹3,49,200
S-HNI (Max)	8	9,600	₹9,31,200
B-HNI (Min)	9	10,800	₹10,47,600
Employee (Min)	2	2,400	₹2,32,800
Employee (Max)	4	4,800	₹4,65,600

GLEN Industries Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	100.00%
Post-Issue	TBD

GLEN Industries Limited IPO Valuation Overview

KPI	Value
Earnings Per Share	₹10.40 (Pre) / ₹7.59 (Post)
P/E Ratio	9.33 (Pre) / 12.78 (Post)
Return on Net Worth	45.43%
Net Asset Value	₹33.23
Return on Capital Employed (ROCE)	16.94%
PAT Margin	10.70%
EBITDA Margin	23.60%
Debt to Equity Ratio	2.28
Price to Book Value	0.22

Objectives of the Proceeds

• Establishing new manufacturing unit at West Bengal – ₹47.73 Cr

• General corporate purposes including working capital needs

Key Financials (in ₹ Crores)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	214.36	160.31	137.07
Revenue	171.28	145.22	119.59
Profit After Tax	18.27	8.58	1.49
Reserves & Surplus	40.80	39.16	30.67
Total Borrowings	132.83	88.83	81.65