GLEN Industries Limited IPO
GLEN Industries Limited IPO
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GLEN Industries Limited's successfully completed its Initial Public Offering and commenced trading on 15-07-2025 at the BSE exchange. The company raised 64,96,800 Shares through this public offering, comprising 64,96,800 Shares in fresh capital.
The IPO was priced within the band of ₹92 to ₹97, with minimum application lots of 1200 shares. The offering attracted significant investor interest during its subscription period from 08-07-2025 to 10-07-2025.
Share allotment was finalized on 11-07-2025, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
GLEN Industries IPO About Company
Incorporated in 2007, Glen Industries Limited (GIL) is involved in the manufacturing of eco-friendly food packaging and service products. The company focuses on producing thin-wall food containers and compostable straws, catering to various sectors including Hotels, Restaurants, Cafés/Catering (HoReCa), the beverage industry, and food packaging. To meet the increasing market demand, GIL has established a new 90,000 sq. ft. manufacturing facility in Dhulagarh, equipped with advanced machinery and a skilled workforce aimed at improving production efficiency and quality standards. The company exports its products to regions such as Europe, the USA, Australia, the Middle East, and Africa, customizing offerings based on local preferences. With a base of over 25 loyal customers, GIL emphasizes its commitment to quality and consistency. The product range includes thin-wall food containers, which began production in 2011 with an initial capacity of 80 MT/month, later scaling up to 665 MT/month by 2022. In 2019, the company diversified into compostable straws made of paper and PLA, achieving monthly production capacities of 95 MT and 160 MT, respectively. In 2022, it further expanded the product line with U-shaped straws designed for the beverage and dairy industries. As of May 31, 2025, GIL employed 306 permanent staff members.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
GLEN Industries IPO Strength Factors
- Experienced Leadership: backed by promoters and management with strong industry expertise
- Customer Loyalty: trusted by 25+ global customers through long-term relationships
- Efficient Manufacturing: operates advanced in-house facilities for quality and cost efficiency
GLEN Industries IPO Risk Factors
- Raw Material Dependency: exposed to price changes and reliance on third-party suppliers
- Intra-Group Competition: subsidiary in the same industry without non-compete creates conflict risk
- Promoter Influence Risk: absence of checks may allow promoters to favor related entities over GIL
GLEN Industries IPO Lead Manager(s)
- GYR Capital Advisors Private Limited
GLEN Industries IPO Promoter(s)
- Mr. Lalit Agrawal
- Mrs. Lata Agrawal
- Mr. Nikhil Agrawal
- Mrs. Niyati Seksaria
GLEN Industries IPO FAQs
GLEN Industries Limited IPO subscribed 260.27 times. The public issue subscribed 225.12 times in the retail category,192.46times in QIB, and 589.09 times in the HNI (10+) category byNovember 24, 2025 10:39:40 AM (Day 24).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
GLEN Industries IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
GLEN Industries IPO FAQs
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