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Open
8 Jul 2025
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Close
10 Jul 2025
3
Allotment
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Listing
Tue, Jul 15, 2025
Price Band
₹92 to ₹97
Issue Size
64,96,800 shares (agg. up to ₹63 Cr)
Lot Size
1,200 Shares
Listing Date
Tue, Jul 15, 2025
Latest GMP
₹55
Est. Gain
56.7%
✦ AI Insight
GMP Trend
15-07-2025₹55Est. ₹152+56.7%
14-07-2025₹55Est. ₹152+56.7%
13-07-2025₹43Est. ₹140+44.33%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 183.13x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 214.36 | 160.31 | 137.07 |
| Total Income | 171.28 | 145.22 | 119.59 |
| Profit After Tax | 18.27 | 8.58 | 1.49 |
| EBITDA | 40.43 | 24.87 | 13.89 |
| NET Worth | 40.21 | 26.65 | 18.07 |
| Reserves and Surplus | 40.80 | 39.16 | 30.67 |
| Total Borrowing | 132.83 | 88.83 | 81.65 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| 3B Films Ltd. | SME | ₹33.75 Cr | ₹50 | 24.72 | ₹46.08 | -7.84% | ₹16.69 (+4.12%) |
| Barflex Polyfilms Ltd. | SME | ₹39.41 Cr | ₹60 | 8.39 | ₹63.00 | +5.00% | ₹52.00 (-6.31%) |
| Subam Papers Ltd. | SME | ₹93.70 Cr | ₹152 | 7.77 | ₹149.10 | -1.91% | ₹221.40 (+0.18%) |
| SPP Polymer Ltd. | SME | ₹24.49 Cr | ₹59 | 66.72 | ₹59.85 | +1.44% | ₹13.10 (+0.00%) |
| Ideal Technoplast Industries Ltd. | SME | ₹16.03 Cr | ₹121 | 12.47 | ₹138.70 | +14.63% | ₹170.00 (+3.03%) |
| Bulkcorp International Ltd. | SME | ₹20.78 Cr | ₹105 | 16.33 | ₹136.50 | +30.00% | ₹56.20 (+2.18%) |
| Sati Poly Plast Ltd. | SME | ₹17.36 Cr | ₹130 | 14.29 | ₹259.35 | +99.50% | ₹37.30 (+2.19%) |
| Shree Tirupati Balajee Agro Trading Co.Ltd. | Mainboard | ₹169.65 Cr | ₹83 | 15.37 | ₹94.50 | +13.86% | ₹28.78 (+0.66%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ 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 | 8.86 |
| 3 | Public Issue Expense | 6.35 |
About GLEN Industries IPO
Incorporated in 2007, Glen Industries Limited (GIL) is engaged in the manufacturing of eco-friendly food packaging and service products. The company specializes in producing thin-wall food containers and compostable straws, serving sectors such as Hotels, Restaurants, Cafés/Catering (HoReCa), the beverage industry, and food packaging. The company is committed to meeting growing demand with a new 90,000 sq. ft. manufacturing facility in Dhulagarh, equipped with advanced machines and skilled staff to enhance production and quality. The company exports products to Europe, USA, Australia, the Middle East, and Africa, tailored to local preferences. Over 25 loyal customers reflect the company's commitment to quality and consistency. Product Portfolio: Thin-Wall Food Containers: GIL commenced production in 2011 with a capacity of 80 MT/month, expanding to 665 MT/month by 2022. Compostable Straws: The company ventured into manufacturing paper and PLA straws in 2019, with capacities of 95 MT/month and 160 MT/month, respectively. In 2022, GIL introduced U-shaped straws made from paper and PLA for the beverage and dairy industries. As of May 31, 2025, the company had 306 permanent employees.
Contact Details
GLEN Industries Ltd. AddressRajveena, 2nd Floor50A, Block-CNew AliporeKolkata, West Bengal, 700053+91 9831087598info@glen-india.comVisit Website