GLEN Industries Limited is gearing up to launch its Rs 63.02 crore IPO, opening for subscription from 8th July to 10th July.
This is a completely fresh issue, and the shares will be listed on the BSE SME platform.
Retail investors need to invest at least Rs 2,32,800, while HNIs must apply for a minimum of Rs 3,49,200 (3,600 shares or 3 lots).
Kfin Technologies is acting as the registrar to the issue, with GYR Capital Advisors as the lead manager. The market maker for this issue is Giriraj Stock Broking.
GLEN Industries IPO Latest Updated GMP Today
As of 5:50 PM on 3rd July, 2025, the Grey Market Premium (GMP) for GLEN Industries IPO stands at Rs 18. With an IPO price band of Rs 97, the expected listing price is Rs 115, indicating listing gains of 18.56%.
| Date | GMP | Expected Listing Price | Last Updated |
| 03-07-2025 | Rs 18 | Rs 115 | 5:50 PM |
| 02-07-2025 | Rs 0 | Rs 97 | 11:30 PM |
Everything You Need to Know About the GLEN Industries IPO
| Face Value | Rs 10 per Share |
| Lot Size | 1,200 Shares |
| Issue Price Band | Rs 92 to Rs 97 per Share |
| Listing At | BSE SME |
| Total Issue Size | 64,96,800 Shares (aggregating up to Rs 63.02 Cr) |
| Reserved for Market Maker | 3,25,200 Shares (aggregating up to Rs 3.15 Cr) |
| Fresh Issue | 64,96,800 Shares (aggregating up to Rs 63.02 Cr) |
| DRHP | Click Here |
| RHP | Click Here |
GLEN Industries IPO Key Dates
| Opening – Closing Dates | 8th July – 10th July |
| Cut-off Time for UPI Mandate Approval | 5 PM on 10th July |
| IPO Allotment | 11th July |
| Amount Refund | 14th July |
| Credit of Shares | 14th July |
| Listing Date | 15th July |
Lot Size Details for GLEN Industries IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 2,400 | Rs 2,32,800 |
| Retail (Max) | 2 | 2,400 | Rs 2,32,800 |
| HNI (Min) | 3 | 3,600 | Rs 3,49,200 |
GLEN Industries Company Details
GLEN Industries Limited (GIL), founded in 2007, makes eco-friendly food packaging and service products. It focuses on items like thin-wall food containers and compostable straws, catering to sectors such as HoReCa (Hotels, Restaurants, Cafés/Catering), the beverage industry, and food packaging.
To meet rising demand, GIL has set up a modern 90,000 sq. ft. manufacturing unit in Dhulagarh with advanced machines and trained staff.
The company exports to Europe, the USA, Australia, the Middle East, and Africa, offering products tailored to each region. It serves over 25 loyal customers who trust its quality and reliability.
Key Products:
- Thin-Wall Food Containers: Started in 2011 with 80 MT/month capacity, scaled up to 665 MT/month by 2022.
- Compostable Straws: Began making paper and PLA straws in 2019 with 95 MT/month and 160 MT/month capacity, respectively. In 2022, it also launched U-shaped paper and PLA straws for dairy and beverages.
As of 31st May, 2025, GIL employed 306 permanent staff.
GLEN Industries Company Finances
| Period Ended | 31st Mar, 2025 | 31st Mar, 2024 |
| Assets (in Rs Cr.) | 214.36 | 160.31 |
| Revenue (in Rs Cr.) | 171.28 | 145.22 |
| Profit After Tax (in Rs Cr.) | 18.27 | 8.58 |
Financial Performance:
Revenue: The company generated Rs 171.28 crore in revenue during the period ended on 31st March, 2025.
Financial Position:
Assets: The company’s total assets amounted to Rs 214.36 crore as of March 2025.
Profit After Tax (PAT): The company reported a PAT of Rs 18.27 crore for the financial year ending March 2025.
GLEN Industries IPO FAQs
- What is the price band set for the GLEN Industries IPO?
The issue price band for the GLEN Industries IPO is Rs 92 to Rs 97 per share.
- What is the total issue size of the GLEN Industries IPO offering?
The total issue size of the IPO is Rs 63.02 crore.
- What is the lot size for the GLEN Industries IPO?
Each lot consists of 1,200 shares, with a minimum investment of Rs 1,16,400.
- What are the allotment and listing dates for the GLEN Industries IPO?
The allotment is set for 11th July, and the listing is scheduled for 15th July.
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