
Incorporated in 2007, Glen Industries manufactures a diverse range of food packaging products, including thin-wall food containers, polylactic acid straws, and paper straws, primarily serving the hotel, restaurant, catering and beverage industry. It operates through two primary segments: thin-wall food containers (contributing 73.53% of FY25 revenue) and straws including PLA straws (20.22% of revenue) and Paper straws (5.68% of revenue). The company also exports its products to Europe, the USA, Australia, the Middle East, and Africa. The company has received repeated business from 25+ customers over the years. In FY25, domestic sales contributed 66.52% while exports contributed 33.48% to total revenue.
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Share allotment finalised
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Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1200 | ₹116,400 | 1 | ₹116,400 | 1 lot only |
| HNI | 2 | 2400 | ₹232,800 | 2 | ₹232,800 | Min 2 lots |
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 3,333,334 | 31.5 | 0 | 0.00x | 100% |
| NII | 15% | 1,000,000 | 9.45 | 0 | 0.00x | 100% |
| Retail | 35% | 2,333,333 | 22.05 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).