GLEN Industries’s IPO subscription started on Tuesday, July 8, 2025, and will close on July 10, 2025, as per the schedule. The price band is set at ₹92 to ₹97 per share with a face value of ₹10.
GLEN Industries IPO Subscription Status
GLEN Industries IPO subscribed over 1.54x on its First day till 05.00 PM on 8th July 2025.
- GLEN Industries IPO subscription QIB investors portion is 0.00x times, while NII subscribed 2.19x times, and RII investors subscribed 2.24x times.
- The company has received bids for 67,17,600 shares against 43,71,600 shares on offer on the First day.
- GLEN Industries IPO subscribed over 1.54x times on day 1.
About GLEN Industries IPO
Glen Industries Limited, founded in 2007, is one of the leading companies involved in the manufacturing of eco-friendly food packaging and service products, mainly thin Wall Food Containers, Polylactic Acid (PLA) Straws, and Paper Straws especially for the Hotel, Restaurant, and Cafe/Catering (HoReCa) sector, Beverage industry and food packaging industry. Initially, the company started its business as “Glen Stationery Private Limited” and then later changed it to Glen Industries Limited in order to manufacture all types of stationery and printing materials.
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 in order to improve production and quality. Europe, the USA, Australia, the Middle East, and Africa are some of the countries where the company exports its products. The company has 25 loyal customers shows the company’s commitment to quality and consistency.
GLEN Industries IPO Company Financial Report
The company reported revenue of ₹171.28 crores in 2025 against ₹145.22 crores in 2024. The company reported a profit of ₹18.27 crores in 2025 against a profit of ₹8.58 crores in 2024.
GLEN Industries IPO GMP
GLEN Industries IPO GMP was ₹25 as of Tuesday, 8th July. That indicates the IPO is trading at ₹122 with a ₹25 premium in the grey market against the issue price of ₹97.
