glen industries limited IPO
IPO Overview
Glen industries limited IPO is a SME public issue offered through a Book Building issue with a total issue size of ₹— crores. The IPO price band is set at ₹97 per share, and retail investors can apply with a minimum investment of ₹2.33 L as per IPO guidelines.
The Glen industries limited IPO opens on 8 Jul 2025 and closes on 10 Jul 2025. The IPO allotment is expected to be finalized on 11 Jul 2025, and the equity shares are proposed to be listed on BSE on 15 Jul 2025.
Investors can refer to the Glen industries limited IPO RHP-DRHP for detailed information. The issue is managed by GYR Capital Advisors Private Limited as the book running lead manager, while Kfin Technologies Limited is the registrar to the IPO. Before investing, market participants often review IPO details, valuation, PE ratio, financials, and risk factors.
About Company
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
General Corporate Purpose