
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
Overall Subscription
260.27x
Total Demand
QIB Multiplier
192.46x
Institutions & Funds
NII / HNI
476.25x
High Net-Worth
Retail (RII)
225.12x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,204,800 | 231,871,200 | 192.46x |
| NIB | 906,000 | 431,484,000 | 476.25x |
| HNIs(10L +) | 604,000 | 355,812,000 | 589.09x |
| HNIs (2-10L) | 302,000 | 75,672,000 | 250.57x |
| RETAIL | 2,107,200 | 474,379,200 | 225.12x |
| EMPLOYEES | 153,600 | 55,200 | 0.36x |
| Total | 5,277,600 | 1,569,273,600 | 260.27x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 878 | 197,658 | 225.12x |
| HNIs(10L +) | 168 | 27,611 | 164.35x |
| HNIs (2-10L) | 84 | 18,124 | 215.76x |
| Total Applications | 1,130 | 243,393 | 215.39x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
The latest Grey Market Premium (GMP) for GLEN Industries Limited IPO is ₹55 per equity share. Based on the upper price band of ₹92 to ₹97 per equity share, the estimated listing price is ₹152 (+56.7% expected listing gain).
With a lot size of 1200 shares and current GMP of ₹55, the expected profit per application lot is approx ₹66,000 (+56.7% gain). Minimum application cost is approx ₹1,16,400.
The GLEN Industries Limited IPO aggregate issue size is ₹63.02 Crores with an equity price band set at ₹92 to ₹97 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,16,400.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 260.27x (Retail: 225.12x, QIB: 192.46x, NII: 476.25x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2025-07-11. Investors can verify status using PAN card or application number.
GLEN Industries Limited shares are scheduled to list on BSE on 2025-07-15.