
Manufacturing · BSE
Incorporated in 2007, Glen Industries Limited (GIL) is involved in the manufacturing of eco-friendly food packaging and service products. The company focuses on producing thin-wall food containers and compostable straws, catering to various sectors including Hotels, Restaurants, Cafés/Catering (HoReCa), the beverage industry, and food packaging. To meet the increasing market demand, GIL has established a new 90,000 sq. ft. manufacturing facility in Dhulagarh, equipped with advanced machinery and a skilled workforce aimed at improving production efficiency and quality standards. The company exports its products to regions such as Europe, the USA, Australia, the Middle East, and Africa, customizing offerings based on local preferences. With a base of over 25 loyal customers, GIL emphasizes its commitment to quality and consistency. The product range includes thin-wall food containers, which began production in 2011 with an initial capacity of 80 MT/month, later scaling up to 665 MT/month by 2022. In 2019, the company diversified into compostable straws made of paper and PLA, achieving monthly production capacities of 95 MT and 160 MT, respectively. In 2022, it further expanded the product line with U-shaped straws designed for the beverage and dairy industries. As of May 31, 2025, GIL employed 306 permanent staff members.
Price Band
₹92 – ₹97
Issue Size
₹63.02 Cr
Lot Size
1200 shares
GMP
+56.7%
Est. Listing
₹152
at current GMP
Subscribed
260.27x
overall
Open
8 Jul 2025
Close
10 Jul 2025
Allotment
11 Jul 2025
Refund
12 Jul 2025
Demat Credit
13 Jul 2025
Listing
15 Jul 2025
Designated Registrar: Kfin Technologies Limited
Allotment Date
11 Jul 2025
Basis finalization
Refunds Initiate
12 Jul 2025
Mandate release
Demat Credit
13 Jul 2025
Shares in demat
Listing Debut
15 Jul 2025
Trading begins
GLEN Industries Limited is bringing an initial public offering (IPO) in the Manufacturing sector with an aggregate issue size of ₹63.02 Crores. The shares are offered at a price band of ₹92 to ₹97 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-07-10, the basis of allotment is scheduled to be finalized on 2025-07-11. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.