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GLENSME / BSEListed
GLEN Industries

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 Price₹157.00
Listing Gain+61.86%

IPO Schedule & Timeline

Bookbuilding IPO
Open08 Jul 2025
Close10 Jul 2025
Allotment11 Jul 2025
Listing15 Jul 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail21,07,200 shares
32.43%
bHNI6,04,800 shares
9.31%
sHNI3,01,200 shares
4.64%
Anchor18,00,000 shares
27.71%
QIB12,04,800 shares
18.54%
Employee1,53,600 shares
2.36%
Market Maker3,25,200 shares
5.01%

Minimum Application Lots

Retail2 Lots (2,400 shares)
₹2,32,800
sHNI3 Lots (3,600 shares)
₹3,49,200
bHNI9 Lots (10,800 shares)
₹10,47,600

Company Promoters

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

Company Background

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 ...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-25)₹171.28 Cr
Growth+43.2%
Revenue Trend (₹ in Crores)
0.065.7131.3197.0Mar-23Mar-24Mar-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-25171.2818.27214.36132.83
Mar-24145.228.58160.3188.83
Mar-23119.591.49137.0781.65

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-2510.4 0%16.94%9.3312.78
Mar-244.880%13.49%00
Mar-230.850%6.57%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
11 Jul 2025
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
15 Jul 2025

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for GLEN Industries. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization11 Jul 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date15 Jul 2025Trading commences on exchange

How to Check GLEN Industries Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select GLEN Industries from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

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Prospectus & Official Filings

Allotment FAQs & Help

About GLEN Industries IPO

Complete issue overview for GLEN Industries (GLEN) IPO. The issue features an equity share price band of ₹92 – ₹97 per share with a minimum retail lot size of 1200 Shares (minimum application amount of ₹1,16,400). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions