Glen Industries Limited is a modern manufacturer of eco-friendly food packaging and service products, known for its innovative thin-wall food containers, compostable paper and PLA straws, and U-shaped straws used in the beverage and dairy sectors. It caters to hotels, restaurants, cafés (HoReCa), QSRs, and food packaging suppliers — offering smart, sustainable solutions that align with global green trends.
To meet rising demand, Glen operates a 90,000 sq. ft. facility in Dhulagarh, equipped with advanced machinery and skilled staff. Their monthly production has grown impressively:
- Food containers – from 80 MT in 2011 to 665 MT by 2022
- Paper straws – 95 MT
- PLA straws – 160 MT
With exports to Europe, the USA, Australia, the Middle East, and Africa, and a client base of 25+ loyal customers, Glen ensures every product is designed to meet both quality standards and local preferences.
Backed by a workforce of over 300 employees, Glen is not just building packaging — it’s building a cleaner future for global food service.
GLEN Industries IPO – Details
| IPO Opening Date | 08 July 2025 |
| IPO Closing Date | 10 July 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 64,96,800 Shares Worth ₹63.02 Crore Fresh Issue: 64,96,800 Shares Worth ₹63.02 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹92 – ₹97 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares ( 1 Lot ) |
| Employee Discount | ₹5 |
| Listing At | BSE SME |
| Registrar | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
GLEN Industries IPO – Date Schedule
| IPO Open Date | 08 July 2025 |
| IPO Close Date | 10 July 2025 |
| Basis of Allotment | 11 July 2025 |
| Initiation of Refund | 14 July 2025 |
| Credit of Shares to Demat | 14 July 2025 |
| IPO Listing Date | 15 July 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 10, 2025 |
GLEN Industries IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,32,800 |
| Retail (Max) | 2 | 2400 | ₹2,32,800 |
| HNI (Min) | 3 | 3600 | ₹3,49,200 |
Competitive Strengths
- Experienced Promoters, management and operating team.
- Established relationships with customers.
- Advanced in-house processing facilities with focus on cost competitiveness.
- Quality Assurance.
- Customization Capabilities.
Company Promoters
- Mr. Lalit Agrawal
- Mrs. Lata Agrawal
- Mr. Nikhil Agrawal
- Mrs. Niyati Seksaria
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹119.59 Cr | ₹114.14 Cr | ₹1.49 Cr | ₹81.65 Cr |
| 31 March 2024 | ₹145.22 Cr | ₹133.69 Cr | ₹8.58 Cr | ₹88.83 Cr |
| 31 March 2025 | ₹171.28 Cr | ₹146.63 Cr | ₹18.27 Cr | ₹132.83 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 16.94% |
| Debt/Equity | 2.28 |
| RoNW | 45.43% |
| PAT Margin | 10.70% |
| EBITDA Margin | 23.60% |
| Price to Book Value | 0.22 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.40 | 7.59 |
| P/E (x) | 9.33 | 12.78 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Setting Up a new manufacturing facility at Purba Bardhaman, PS – Jamalpur, Gram Panchayat: Jougram, Mouza – Jaugram, JL no 114, West Bengal 713166. | ₹47.73 |
| General Corporate Purposes |
GLEN Industries IPO Peer Comparison
| S.No. | Face Value | Company Name | P/E |
|---|---|---|---|
| 1 | 5 | Rajshree Polypack Limited | 24.94 |
✅Strengths
- Focus on eco-friendly products like compostable straws and containers.
- Modern 90,000 sq. ft. facility with advanced machinery.
- Strong export presence in Europe, USA, and more.
- Serves diverse sectors: HoReCa, QSRs, food & beverage.
- Skilled workforce and quality-driven production.
⚠️Risks
- Depends on external suppliers for raw materials.
- Working capital–intensive business.
- High customer concentration.
- Capacity near full — needs expansion.
- Exposed to forex and export-related risks.
GLEN Industries IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
GLEN Industries IPO Prospectus
Company Contact Information
| GLEN Industries Limited 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/ |
GLEN Industries IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: gil.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
GLEN Industries IPO Lead Manager(s)
| 1. GYR Capital Advisors Private Limited |
GLEN Industries IPO FAQ
| What is GLEN Industries IPO? GLEN Industries IPO is a SME IPO. The issue is priced at ₹92 to ₹97 per equity share. The IPO is to be listed on BSE SME. |
| When GLEN Industries IPO will open? The IPO is to open on 08 July 2025 for QIB, NII, and Retail Investors. |
| What is GLEN Industries IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the GLEN Industries IPO? You can apply GLEN Industries IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the GLEN Industries IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “GLEN Industries IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the GLEN Industries IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “GLEN Industries IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the GLEN Industries IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “GLEN Industries IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the GLEN Industries IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “GLEN Industries IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is the GLEN Industries IPO Size? GLEN Industries IPO size is ₹63.02 Crore. |
| What is the GLEN Industries IPO Price Band? GLEN Industries IPO Price Band is ₹92 to ₹97. |
| What is GLEN Industries IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2400 Shares with ₹2,32,800 amount, while the maximum bid is 2400 Shares with ₹2,32,800. |
| What is the GLEN Industries IPO Allotment Date? GLEN Industries IPO allotment date is 11 July 2025. |
| What is the GLEN Industries IPO Listing Date? GLEN Industries IPO listing date is 15 July 2025. The IPO is to be listed on the BSE SME. |
