All details for GLEN Industries IPO: Dates, price, subscription, financials, objectives, KPIs, registrar, and company overview.
Bidding: July 8 – July 10, 2025 | Price Band: ₹92–97 | Min 2 lots (₹2,32,800)
GLEN Industries IPO: At a Glance
IPO Timeline
| IPO Activity | Date |
|---|---|
| IPO Open Date | July 8, 2025 |
| IPO Close Date | July 10, 2025 |
| Basis of Allotment | July 11, 2025 |
| Refunds Initiation | July 14, 2025 |
| Credit of Shares to Demat | July 14, 2025 |
| IPO Listing Date | July 15, 2025 |
IPO Price & Lot Size
| Issue Price Band | ₹92 – ₹97 per share |
|---|---|
| Market Lot | 1,200 Shares |
| Retail Min | 2 lots (2,400 shares) – ₹2,32,800 |
| Retail Max | 2 lots (2,400 shares) – ₹2,32,800 |
| HNI Min | 3 lots (3,600 shares) – ₹3,49,200 |
Company Financials (₹ Crore)
Bar Chart: Revenue, PAT & Net Worth
Line Chart: Revenue, PAT & Net Worth
| Period Ended | Assets | Revenue | Profit After Tax | EBITDA | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 214.36 | 171.28 | 18.27 | 40.43 | 40.21 | 40.80 | 132.83 |
| 31 Mar 2024 | 160.31 | 145.22 | 8.58 | 24.87 | 26.65 | 39.16 | 88.83 |
| 31 Mar 2023 | 137.07 | 119.59 | 1.49 | 13.89 | 18.07 | 30.67 | 81.65 |
Key Performance Indicators (KPI)
| KPI | Values |
|---|---|
| Market Cap | ₹233.40 Cr |
| ROCE | 16.94% |
| Debt/Equity | 2.28 |
| RoNW | 45.43% |
| PAT Margin | 10.70% |
| EBITDA Margin | 23.60% |
| Price to Book Value | 0.22 |
| EPS (Pre IPO) | 10.40 |
| EPS (Post IPO) | 7.59 |
| P/E (Pre IPO) | 9.33 |
| P/E (Post IPO) | 12.78 |
Objects of the Issue
| S.No. | Objects | Expected Amount (₹ Cr) |
|---|---|---|
| 1 | Setting Up a new manufacturing facility at Purba Bardhaman, PS – Jamalpur, Gram Panchayat: Jougram, Mouza – Jaugram, JL no 114, West Bengal 713166 | 47.73 |
| 2 | General Corporate Purpose | — |
About GLEN Industries Limited
Incorporated: 2007
Business: Manufacturer of eco-friendly food packaging and service products (thin-wall containers, compostable straws) for HoReCa, beverage, and packaging sectors.
Facilities: 90,000 sq. ft. in Dhulagarh, advanced manufacturing.
Exports: Europe, USA, Australia, Middle East, Africa.
Customers: Over 25 loyal customers globally.
Product Portfolio: Thin-wall containers (2011, 80 MT/mo to 665 MT/mo in 2022); Compostable straws (paper/PLA, U-shaped, beverage/dairy, 255 MT/mo total).
Employees: 306 (as of May 31, 2025)
Promoters: Lalit Agrawal, Lata Agrawal, Nikhil Agrawal, Niyati Seksaria
Strengths:
- Experienced management & team
- Established customer relationships
- Advanced in-house facilities, cost focus
- Quality assurance & customisation
Contact Details
Rajveena, 2nd Floor, 50A, Block-C, New Alipore, Kolkata, West Bengal, 700053
Phone: +91 9831087598
Email: info@glen-india.com
Website: http://www.glen-india.com/
