GLEN Industries Limited (BSE SME)
July 8, 2025 – July 10, 2025
| Price | ₹92 - ₹97 |
| Premium | ₹25 |
|---|---|
| Lot size | 1200 |
| Allotment | Jul 11, 2025 |
| Listing | Jul 15, 2025 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2400 | 232800 | 878 |
| sHNI | 3 | 3600 | 349200 | 84 |
| bHNI | 9 | 10800 | 1047600 | 168 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Individual | 32.43% | 2107200 |
| BHNI | 9.31% | 604800 |
| SHNI | 4.64% | 301200 |
| Anchor | 27.71% | 1800000 |
| QIB | 18.54% | 1204800 |
| Employee | 2.36% | 153600 |
| Market Maker | 5.01% | 325200 |
| Total | 100.00% | 6496800 |
IPO Details
| Total Issue Size | 64,96,800 shares (aggregating up to 63.02 Cr) |
| Fresh Issue | 64,96,800 shares (aggregating up to 63.02 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,75,64,570 shares |
| Share Holding Post Issue | 2,40,61,370 shares |
| Market Maker's Portion | 3,25,200 shares |
| Market Maker | Giriraj Stock Broking Private Limited |
Key Performance Indicators
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROCE | 16.94% | 13.49% | 6.57% |
| D/E | 2.28 | 1.98 | 2.24 |
| RONW | 45.43% | 32.19% | 8.22% |
| EPS (Diluted) | 10.4 | 4.88 | 0.85 |
| P/E Pre IPO | 9.33 | ||
| P/E Post IPO | 12.78 |
Financial Details In Crores
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 214.36 | 160.31 | 137.07 |
| Revenue | 171.28 | 145.22 | 119.59 |
| Profit After Tax | 18.27 | 8.58 | 1.49 |
| EBITDA | 40.43 | 24.87 | 13.89 |
| Net Worth | 40.21 | 26.65 | 18.07 |
| Reserves and Surplus | 40.8 | 39.16 | 30.67 |
| Total Borrowing | 132.83 | 88.83 | 81.65 |
About Company
Incorporated: 2007
Business: Manufacturer of eco-friendly food packaging and service products
Key Products:
Thin-Wall Food Containers: Started in 2011; expanded from 80 MT/month to 665 MT/month by 2022
Compostable Straws:
Paper Straws: 95 MT/month
PLA Straws: 160 MT/month
U-shaped Straws (Paper & PLA) launched in 2022
Target Sectors: HoReCa, beverage industry, food packaging
Manufacturing Facility: 90,000 sq. ft. plant in Dhulagarh with advanced machinery and skilled workforce
Exports: Europe, USA, Australia, Middle East, Africa (localized to regional preferences)
Customer Base: 25+ loyal clients
Employees: 306 permanent (as of May 31, 2025)
Strength
Experienced Leadership: Promoters and management team with strong industry expertise.
Customer Loyalty: Long-standing relationships with over 25 global customers.
Efficient Manufacturing: Advanced in-house facilities ensuring quality and cost competitiveness.
Weakness
Raw Material Dependency: Business is vulnerable to price fluctuations and reliance on external suppliers.
Intra-Group Competition: Subsidiary operates in the same industry without a non-compete, posing potential conflict of interest.
Promoter Influence Risk: Lack of safeguards may lead to promoters favoring related entities, impacting GIL’s competitiveness.
Lead Manager(s)
Address
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/