GLEN Industries IPO: GMP, Overview, And Price

GLEN Industries IPO- Complete Overview

GLEN Industries IPO under the SME IPO category is a book build issue of Rs. 63.02 Cr by GLEN Industries Limited (GIL). The company was founded in 2007 and focuses on producing eco-friendly food packaging and serving items.

The beverage industry, food packaging companies, hotels, restaurants, cafes, and catering companies (HoReCa) are offered compostable straws and thin-walled food containers. 

Product Portfolio:

Thin-Wall Food Containers: GIL started producing these in 2011 with a rate of 80 MT/month, which grew to 665 MT/month by 2022.

Compostable Straws: In 2019, the company started producing paper straws and PLA straws with a monthly capacity of 95 MT and 160 MT, respectively. In 2022, GIL launched U-shaped straws made from PLA and paper designed for the beverage and dairy sector.

GLEN Industries IPO Overview

The GLEN Industries IPO date is on 08 July 2025, and its initial public offering will end on 10 July 2025. 

The Rs. 63.02 Crore new SME IPO comprises a fresh issue of 64.97 lac Shares. The GLEN Industries IPO price is Rs. 92 to Rs. 97 for each Share. 

The GLEN Industries IPO listing date (expected) might be on Tuesday, Jul 15, 2025, and listing at the BSE and SME.

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Company Financial

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	214.36	160.31	137.07
Total Revenue	171.28	145.22	119.59
PAT	18.27	8.58	1.49
Net Worth	40.21	26.65	18.07
Reserves & Surplus	40.80	39.16	30.67
Borrowings	132.83	88.83	81.65

 

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	492.60	1,354.84	1,079.72
Net Cash Flow Investing Activities	(3,421.35)	(1,429.92)	(1,431.26)
Net Cash Flow Financing Activities	3,032.13	(19.71)	382.86

 

Revenue Bifurcation

Product-wise Revenue Breakdown

(Amount in lac)

Geography-wise Revenue Bifurcation

(Source: RHP)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• There is no trading or investment advice provided. Informational and educational purposes are the only ones for which the content is meant. Consult a certified financial counselor before making any investing decisions.

• General corporate purposes.

 

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Listed Peers of GLEN Industries Ltd.

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
Rajshree Polypack Limited	5	1.09	24.94

 

Evaluation

The GLEN Industries Limited IPO price is Rs. 92 to Rs. 97 for each Share.

Evaluation of P/E Ratio

Considering the FY ended on 31 Mar 2025 with an EPS of Rs. 10.4 from the last year, the resulting P/E ratio is 9.32x.

Considering the weighted EPS of Rs. 6.97 for the last three years, the P/E ratio is 13.91x.

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IPO's Strengths

• Experienced marketers, management, and operations team.

• Established customer relationships.

• Advanced focused processing facilities that make cost competitiveness a priority.

• QA/QC.

• Customisation capabilities.

 

 

IPO’s Weaknesses

• The suppliers provide the machine components, important raw materials, and necessary equipment for the company’s operations, as these are fundamental for the smooth running of the organisation's machine components and machinery.

• This business is greatly impacted by crude oil prices, both domestically and internationally. The company suffered the most during FYs 2025 and 2024 because of the surging price of raw materials.

• The significantly owned subsidiary, GLEN Paper Products Pvt Ltd., directly competes with the company. The lack of non-compete clauses is problematic because it leads to the subsidiary suffering from uninhibited promoter bias. 

 

GLEN Industries IPO GMP

GLEN Industries IPO GMP is Rs. 18 as of 03 Jul 2025 at the time of writing this information. Hence, its estimated listing price is Rs. 115.

IPO Timetable (Tentative)

The GLEN IPO date of opening is from Jul 08 to Jul 10, 2025, allotment on Jul 11, refund initiation on Jul 14, and listing on Jul 15, 2025.

Events	Date
IPO Opening Date	Jul 08, 2025
IPO Closing Date	Jul 10, 2025
IPO Allotment Date	Jul 11, 2025
Refund Initiation	Jul 14, 2025
IPO Listing Date	Jul 15, 2025

 

GLEN Industries IPO Details 

The IPO with a Face Value of Rs. 10 per share offers a total issue size of 64,96,800 Shares (Rs. 63.02 Cr) with a market maker portion of 3,25,200 Shares (Rs. 3.15 Cr).

IPO Opening & Closing Date	08 Jul, 2025 to 10 Jul, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 92 to Rs. 97 per Share.
Lot Size	1200 Shares
Issue Size	64,96,800 Shares (Rs. 63.02 Cr)
Offer for Sale	-
Fresh Issue	64,96,800 Shares (Rs. 63.02 Cr)
Listing at	BSE, SME
Issue Type	Book Built Issue
Registrar	Kfin Technologies Limited

 

 

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,32,800 and in multiples thereof, while for HNI investors, the minimum Lot is 3 (3600 Shares) for Rs. 3,49,200.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
HNI (Min)	3 Lots

 

IPO Reservation (% of Net Issue)

Institutional’s Portion	46.25%
Retail’s Portion	32.43%
Non-Institutional Portion	13.95%

 

Promoters And Management of GLEN Industries Ltd.

• Mr. Lalit Agrawal

• Mrs. Lata Agrawal

• Mr. Nikhil Agrawal

• Mrs. Niyati Seksaria

Pre-Issue Promoter Shareholding	100%
Post-Issue Promoter Shareholding	-

 

IPO Lead Managers

• GYR Capital Advisors Private Limited.

 

 

Dividend Policy

The company has not declared dividends in the last three fiscal years.

 

Conclusion

GLEN Industries IPO provides an opportunity for investors to take part in an expanding eco-friendly packaging business with international scope. The company has strong financial growth, a low PE ratio, and modern manufacturing setups, which place them above their small and medium enterprise competitors. However, competition from within the company and dependency on raw materials pose significant risks.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.