glen industries limited

glen industries limited

GLEN • ISIN: INE0UMC01019

BSE
SME

Listing Price: ₹157

+61.86% Gain
About 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

Investment Objective

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

₹97

Price Band

1.16 L

Min Investment

1200 shares

Lot Size

12.78x

P/E Ratio

Important Dates

Issue Opens

8 Jul 2025

Issue Closes

10 Jul 2025

Allotment

11 Jul 2025

Listing

15 Jul 2025

Subscription Status
QII

Qualified Institutional Investors

77.17x

231,871,200 / 3,004,800 shares

HNI (>₹10L)

High Networth Individuals (Above ₹10 Lakhs)

588.85x

356,137,200 / 604,800 shares

NII (<₹10L)

Non-Institutional Investors (Below ₹10 Lakhs)

251.24x

75,672,000 / 301,200 shares

Retail

Retail Individual Investors

225.12x

474,379,200 / 2,107,200 shares

Financial Performance
Offer Documents
RHP
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DHRP
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Issue Details
Issue TypeBB
Face Value₹10
Lead ManagersGYR Capital Advisors Private Limited
Min Quantity2,400
Max Quantity5,154
Company Promoters
Mr. Lalit Agrawal
Mrs. Lata Agrawal
Mr. Nikhil Agrawal
+2 more
Website

http://www.glen-india.com/

Email

info@glen-india.com

Phone+91 9831087598
Address

GLEN Industries Ltd.
Rajveena, 2nd Floor,
50A, Block-C,
New Alipore
Kolkata, West Bengal, 700053