GLEN • ISIN: INE0UMC01019
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
Setting Up a new manufacturing facility at Purba Bardhaman, PS – Jamalpur, Gram Panchayat: Jougram, Mouza – Jaugram, JL no 114, West Bengal 713166
General Corporate Purpose
Price Band
Min Investment
Lot Size
P/E Ratio
Issue Opens
8 Jul 2025
Issue Closes
10 Jul 2025
Allotment
11 Jul 2025
Listing
15 Jul 2025
Qualified Institutional Investors
231,871,200 / 3,004,800 shares
High Networth Individuals (Above ₹10 Lakhs)
356,137,200 / 604,800 shares
Non-Institutional Investors (Below ₹10 Lakhs)
75,672,000 / 301,200 shares
Retail Individual Investors
474,379,200 / 2,107,200 shares
Issue Type | BB |
Face Value | ₹10 |
Lead Managers | GYR Capital Advisors Private Limited |
Min Quantity | 2,400 |
Max Quantity | 5,154 |
Company Promoters | Mr. Lalit Agrawal Mrs. Lata Agrawal Mr. Nikhil Agrawal +2 more |
Website | |
Phone | +91 9831087598 |
Address | GLEN Industries Ltd. |