GLEN Industries IPO open date is July 8, 2025 and the IPO will close on July 10, 2025.
The company reported revenue of ₹171.28 crores and profit of ₹18.27 crores in 2025.
Glen Industries Limited was originally incorporated as Glen Stationery Private Limited on October 5, 2007, in West Bengal. It was renamed Glen Industries Private Limited in 2018 and later converted to a public limited company on June 10, 2024. The company operates from its registered office in Kolkata and manufacturing facilities in West Bengal.
GLEN Industries IPO Details
| IPO Open Date: | July 8, 2025 |
| IPO Close Date: | July 10, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹92 to ₹97 Per Share |
| Issue Size: | Approx ₹63.02 Crores |
| Fresh Issue: | Approx ₹63.02 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
GLEN Industries IPO Market Lot
The GLEN Industries IPO minimum market lot is 1200 shares with ₹1,16,400 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹1,16,400 |
| Retail Maximum | 1 | 1200 | ₹1,16,400 |
| S-HNI Minimum | 2 | 2,400 | ₹2,32,800 |
Revised Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,400 | ₹2,32,800 |
| Retail Maximum | 2 | 2,400 | ₹2,32,800 |
| S-HNI Minimum | 3 | 3,600 | ₹3,49,200 |
GLEN Industries IPO Dates
The GLEN Industries IPO date is 8 July and the close date is 10 July.
| IPO Open Date: | July 8, 2025 |
| IPO Close Date: | July 10, 2025 |
| Basis of Allotment: | July 11, 2025 |
| Refunds: | July 14, 2025 |
| Credit to Demat Account: | July 14, 2025 |
| IPO Listing Date: | July 15, 2025 |
GLEN Industries IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹96.71 | ₹91.68 | ₹3.85 | ₹117.11 |
| 2023 | ₹119.59 | ₹114.15 | ₹0.57 | ₹137.07 |
| 2024 | ₹145.22 | ₹133.70 | ₹8.58 | ₹160.32 |
| 2025 | ₹171.28 | ₹146.65 | ₹18.27 | ₹214.36 |
GLEN Industries IPO Valuation – FY2025
Check GLEN Industries IPO valuations detail.
| KPI | Values |
| ROE: | 45.43% |
| ROCE: | 16.94% |
| EBITDA Margin: | 23.60% |
| PAT Margin: | 10.70% |
| Debt to equity ratio: | 2.28 |
| Earning Per Share (EPS): | ₹10.4 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 45.43% |
| Net Asset Value (NAV): | ₹33.23 |
GLEN Industries Business Overview
The company manufactures food-safe plastic packaging like thin-wall containers, paper straws, and PLA straws. It serves the HoReCa and food industries with domestic market focus and plans expansion via a new facility.
- Core Activities: Manufacturing of plastic rigid sheets and thermoformed food packaging products like trays, containers, and lids.
- Revenue Streams: Sale of eco-friendly and food-safe packaging products, including thin-wall containers.
- Geographic Presence: Primarily domestic operations with potential expansion into developing markets.
- Growth Factors:
- Product innovation (biodegradable, recyclable packaging).
- Geographical expansion.
- Sustainability-driven consumer preferences.
- Smart manufacturing adoption (IoT, robotics).
Industry & Market Overview
The company operates in the eco-friendly food packaging sector, which is growing due to sustainability trends. Competition is high due to low entry barriers, and raw material price volatility is a key concern.
- Industry: Food-grade plastic and eco-friendly packaging.
- Trends:
- Rising demand for sustainable packaging.
- Increased automation and smart production.
- Market Dynamics:
- Polymer price fluctuations impact profitability.
- Strong linkage with food processing and retail sectors.
- Competition: Moderate to high, from organized and unorganized sectors.
Peer Group Comparison
Valuation metrics are pending price band. Glen’s FY24 RoNW is 39.10%, significantly higher than industry average of ~16. IPO pricing fairness will depend on final P/E and NAV.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Rajshree Polypack Limited | 1.09 | 24.94 | 4.98% | 21.73 | 334.70 Cr. |
Objects of the Issue
The IPO funds will be used to set up a new manufacturing facility in Purba Bardhaman (₹4,773 lakhs), for general corporate purposes, and to meet issue expenses. There is no Offer for Sale (OFS) component.
- Fresh Issue: 65,00,000 equity shares.
- Use of Proceeds:
- Capital expenditure for plant expansion.
- Working capital needs.
- General corporate purposes.
- No Offer for Sale (OFS) component.
GLEN Industries IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: gil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Company Address
GLEN Industries Limited
Rajveena, 2nd Floor,
50A, Block-C,
New Alipore
Phone: +91 9831087598
Email: info@glen-india.com
Website: http://www.glen-india.com/
GLEN Industries IPO FAQs
What is Glen Industries’ main business?
Manufacturing plastic food packaging products like containers and straws.
When GLEN Industries IPO will open for subscription?
The IPO is to open on July 8, 2025 for QIB, NII, and Retail Investors. The IPO will close on July 10, 2025.
What is GLEN Industries IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is GLEN Industries IPO Issue Size?
GLEN Industries IPO issue size is ₹63.02 crores.
What is GLEN Industries IPO Price Band?
GLEN Industries IPO Price Band is ₹92 to ₹97.
What is GLEN Industries IPO Lot Size?
The minimum bid is 1200 Shares with ₹1,16,400 amount.
What is the GLEN Industries IPO Allotment Date?
GLEN Industries IPO allotment date is July 11, 2025.
What is the GLEN Industries IPO Listing Date?
GLEN Industries IPO listing date is July 15, 2025. The IPO is to list on BSE.
Glen Industries IPO Key Risk Factors
Risks include promoter conflict (similar business in subsidiary), past ROC filing delays, raw material price fluctuations, and absence of IP protection. Promoters have related party interests.