GLEN Industries IPO subscribed overall 260.28 times on the last day, while the retail quota was subscribed 225.15 times, QIB subscribed 192.46 times, and NII quota subscribed 476.25 times respectively.
Details About GLEN Industries IPO
GLEN Industries has received approval from SEBI for an IPO of ₹63.02 crores. The IPO comprises a fresh issue of ₹63.02 crores with a face value of ₹10.
Moreover, the company has set up a price band between ₹92 and ₹97 per share. In this IPO total of 2400 shares were available in 2 lot size for the minimum Retail category, and for the maximum Retail category.
S-HNI (Min) has a total of 3,600 shares in 3 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹2,32,800 and maximum investment.
- Small HNI (S-HNI): Minimum investment of ₹3,49,200.
Subscription Duration of the GLEN Industries IPO
The opening date of the GLEN Industries IPO subscription was June 8, 2025, and the close date was June 10, 2025. The GLEN Industries IPO allotment was finalized on July 11, 2025, and the IPO listing is on July 15, 2025.
Funds Deployment of This Company
- Setting Up a new manufacturing facility at Purba Bardhaman, PS – Jamalpur, Gram Panchayat: Jougram, Mouza – Jaugram, JL no 114, West Bengal 713166
- General Corporate Purpose
About GLEN Industries IPO
Glen Industries Limited, established in 2007, is a prominent manufacturer of eco-friendly food packaging and service products. The company mainly produces Thin Wall Food Containers, Polylactic Acid (PLA) Straws, and Paper Straws, catering to the Hotel, Restaurant, and Cafe/Catering (HoReCa) sector, as well as the beverage and food packaging industries. It originally began as “Glen Stationery Private Limited,” focusing on stationery and printing materials, before later becoming Glen Industries Limited.
As of 2019, the company started its manufacturing operation of Thin Wall Food Containers with a production capacity of 195 MT/month, and with constant expansion and up-gradation of technology, our capacity currently stands at 665 MT/month, running at its maximum capacity. Currently, the company is dedicated to establishing a 90,000 sq. ft. manufacturing facility in Dhulagarh with advanced machines, technologies, and skilled staff to improve production and quality.
GLEN Industries IPO Financial Background
The company’s revenue rose to ₹171.28 crores in 2025, an increase from ₹145.22 crores in 2024. Its profit also grew significantly, reaching ₹18.27 crores in 2025, up from ₹8.58 crores the previous year.
