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GLEN Industries IPO
Price Band
₹92.0–97.0
Issue Size
₹62.94 Cr
Lot Size
1,200 shares
Min Investment
₹232,800
2 LOTS MIN
GMP
+₹55.0 (56.7%)
Issue Price
₹97.0
Subject to Sauda
₹50200
Paid only if allotted
GLEN Industries IPO AI Summary
- GLEN Industries IPO is listed on BSE SME in the Packaging sector.
- Price band: ₹92.0–₹97.0 per share, lot size 1,200 shares (min. investment ₹232,800, 2 lots minimum).
- Subscription window: 08 Jul–10 Jul 2025, listing on 15 Jul 2025.
- Current GMP is +₹55.0 (56.7%), an estimated listing price of ₹152 — unofficial and can change daily.
GLEN Industries Limited is an eco-friendly packaging manufacturer with a strong growth trajectory in revenue and profit. The company is focused on expanding its manufacturing capabilities and has a solid customer base. Investors should consider their risk profile and the company's market position when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
GLEN Industries IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 10 Jul 2025 — not a current signal.
Reviewers are split — see individual calls below.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
GLEN Industries IPO Grey Market Premium (GMP) Today
GMP
+₹55.0
GMP %
+56.7%
Est. Listing
₹152.0
Updated: 25 Jul 2026 14:14
About the Company
Incorporated in 2007, Glen Industries Limited (GIL) is engaged in the manufacturing of eco-friendly food packaging and service products. The company specializes in producing thin-wall food containers and compostable straws, serving sectors such as Hotels, Restaurants, Cafés/Catering (HoReCa), the beverage industry, and food packaging. The company is committed to meeting growing demand with a new 90,000 sq. ft. manufacturing facility in Dhulagarh, equipped with advanced machines and skilled staff to enhance production and quality. The company exports products to Europe, USA, Australia, the Middle East, and Africa, tailored to local preferences. Over 25 loyal customers reflect the company's commitment to quality and consistency. Product Portfolio: Thin-Wall Food Containers: GIL commenced production in 2011 with a capacity of 80 MT/month, expanding to 665 MT/month by 2022. Compostable Straws: The company ventured into manufacturing paper and PLA straws in 2019, with capacities of 95 MT/month and 160 MT/month, respectively. In 2022, GIL introduced U-shaped straws made from paper and PLA for the beverage and dairy industries. As of May 31, 2025, the company had 306 permanent employees. Competitive Strengths: Experienced Promoters, management and operating team Established relationships with customers Advanced in-house processing facilities with focus on cost competitiveness Quality Assurance Customization Capabilities
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 214.36 | 160.31 | 137.07 |
| Total Income | 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 | 40.80 | 39.16 | 30.67 |
| Total Borrowing | 132.83 | 88.83 | 81.65 |
Key Ratios
EPS
₹10.40
NAV
₹33.23
ROCE
16.94%
RoNW
45.43%
P/B Value
0.22
P/E Ratio
9.33
Market Cap
₹233.40 Cr
PAT Margin
10.70%
Debt/Equity
2.28
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Rajshree Polypack Limited | 21.73 | 45.43% | 24.94 | 1.09 | 1.08 |
| GLEN Industries Limited This IPO | 33.23 | 39.1% | — | 10.4 | 10.4 |
Promoters
Lalit Agrawal, Lata Agrawal, Nikhil Agrawal and Niyati Seksaria
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Setting Up a new manufacturing facility at Purba Bardhaman, PS – Jamalpur, Gram Panchayat: Jougram, Mouza – Jaugram, JL no 114, West Bengal 713166 47.73 2 General Corporate Purpose 8.86 3 Public Issue Expense 6.35
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹119.59 Cr for the period ending 31 Mar 2023, increasing to ₹145.22 Cr by 31 Mar 2024, and further rising to ₹171.28 Cr by 31 Mar 2025. This shows a consistent upward trend in revenue over the three periods.
Profit Trend
Profit After Tax was ₹1.49 Cr in the period ending 31 Mar 2023, which increased to ₹8.58 Cr by 31 Mar 2024, and further rose to ₹18.27 Cr by 31 Mar 2025. This indicates significant growth in profitability over the observed periods.
Valuation
At the issue price of ₹97.0, GLEN Industries has an implied P/E ratio of 9.33 based on its EPS of ₹10.40. In comparison, peers like Rajshree Polypack Limited are trading at a P/E of 24.94, indicating that GLEN Industries is priced at a significantly lower multiple than its peer group.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics for the shares before they are officially listed on the stock exchange.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It is essential to consider the company's growth prospects and market position before making a decision.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings may want to avoid this IPO, as it involves inherent risks associated with investing in smaller companies in the packaging sector.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market conditions, investor sentiment, and the company's performance. Investors should be aware that while some IPOs may see significant gains on their first day, others may not perform as expected.
This evaluation is generated from GLEN Industries's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is GLEN Industries IPO GMP today?
GLEN Industries IPO GMP today is +₹55.0 (56.7%), indicating an estimated listing price of ₹152. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of GLEN Industries IPO?
The price band of GLEN Industries IPO is ₹92.0–₹97.0 per share.
When does GLEN Industries IPO open and close?
GLEN Industries IPO opens on 08 July 2025 and closes on 10 July 2025.
When does GLEN Industries IPO list on the stock exchange?
GLEN Industries IPO listed on 15 July 2025 at ₹152.0.
What is the lot size for GLEN Industries IPO?
The lot size for GLEN Industries IPO is 1200 shares, requiring a minimum investment of ₹232,800 (2 lots).
What is the price band for the GLEN Industries IPO?
The price band for the GLEN Industries IPO is ₹92.0 to ₹97.0.
What is the minimum investment required?
The minimum investment required is ₹232,800.0.
What is the lot size for the IPO?
The lot size for the GLEN Industries IPO is 1200 shares.
When is the listing date for the IPO?
The listing date for the GLEN Industries IPO is 15 July 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount at which the shares may list compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
08 Jul 2025
Close
10 Jul 2025
Allotment
11 Jul 2025
Listing
15 Jul 2025
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