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GLEN Industries IPO

GLEN Industries IPO

smelisted
Registrar: KFIN TECHNOLOGIES LIMITED · Listing 2025-07-15
IPO Timeline
Today · 20 Oct 2026
Opens
08 Jul 2025
Closes
10 Jul 2025
Allotment
11 Jul 2025
Refund
14 Jul 2025
Demat
14 Jul 2025
Listing
15 Jul 2025
Price Band
₹92–97
GMP
₹0
0%
Lot Size
1200 Shares
Min ₹116,400
Subscription
0x
Issue Size
₹63 Cr
Open
2025-07-08
Close
2025-07-10
Listing
2025-07-15

About the company

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.

Strengths

    Risks

      Financial performance (₹ Cr)

      Subscription breakup (final, times)

      Retail0x
      NII0x
      QIB0x
      Total0x

      IPO Roadmap / Timeline

      Current Status · as of 20 Oct 2026
      Listed
      Listed on 15 Jul 2025
      Listed 462 days ago
      1. IPO Opens

        Completed
        08 Jul 2025

        Bidding starts for all investor categories

      2. IPO Closes

        Completed
        10 Jul 2025

        Last day to place your bid

      3. Basis of Allotment

        Completed
        11 Jul 2025

        Share allotment finalised

      4. Refund Initiation

        Completed
        14 Jul 2025

        Refunds credited for non-allottees

      5. Credit to Demat

        Completed
        14 Jul 2025

        Allotted shares credited to demat account

      6. Listing on Exchange

        Completed
        15 Jul 2025

        Shares list on NSE / BSE

      Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.

      Lot size & minimum investment

      Lot Size
      1200 shares
      Price / Share (upper)
      ₹97
      Min Investment (1 lot)
      ₹116,400
      Price Band
      ₹92–97
      Retail / Individual
      1 lot only
      Min lots
      1
      Min shares
      1200
      Min amount
      ₹116,400
      Max amount
      ₹116,400
      HNI
      Min 2 lots
      Min lots
      2
      Min shares
      2400
      Min amount
      ₹232,800
      Max amount
      ₹232,800

      Shares reserved per category & allotment probability

      QIB
      100% allotment
      Reservation
      50%
      Amount
      ₹31.5 Cr
      Shares offered
      3,333,334
      Shares bid
      0
      Subscribed
      0.00x
      NII
      100% allotment
      Reservation
      15%
      Amount
      ₹9.45 Cr
      Shares offered
      1,000,000
      Shares bid
      0
      Subscribed
      0.00x
      Retail
      100% allotment
      Reservation
      35%
      Amount
      ₹22.05 Cr
      Shares offered
      2,333,333
      Shares bid
      0
      Subscribed
      0.00x

      Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).