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GLEN Industries Limited

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.

₹92 - ₹97260.27x sub
Listed Price157.00
Listing Gain+61.86%
TimelineBookbuilding IPO
Open08 Jul 2025
Close10 Jul 2025
Allotment11 Jul 2025
Listing15 Jul 2025

Quota Reservation Portions

RetailPortion: 21,07,200 shares
32.43%
bHNIPortion: 6,04,800 shares
9.31%
sHNIPortion: 3,01,200 shares
4.64%
AnchorPortion: 18,00,000 shares
27.71%
QIBPortion: 12,04,800 shares
18.54%
EmployeePortion: 1,53,600 shares
2.36%
Market MakerPortion: 3,25,200 shares
5.01%

Minimum Application Bracket Matrix

Retail2 lots / 2,400 shares
₹2,32,800
sHNI3 lots / 3,600 shares
₹3,49,200
bHNI9 lots / 10,800 shares
₹10,47,600

About the Company

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.

Company Promoters

Mr. Lalit AgrawalMrs. Lata AgrawalMr. Nikhil AgrawalMrs. Niyati Seksaria