GLEN Industries Ltd IPO

We are engaged in the manufacturing of diverse range of Food packaging and Service Products primarily Thin Wall Food Containers, Polylactic Acid (PLA) Straws and Paper Straws all mainly supplied to the Hotel, Restaurant, and Caf'/Catering (HoReCa) sector, Beverage industry and food packaging industry. Our extensive product lineup, available in various shapes and sizes, is widely favored by sectors such as the HoReCa industry, Quick Service Restaurants (QSR), the food, beverage and dairy industry, etc. Our Company was originally incorporated as Glen Stationery Private Limited for manufacturing all kinds of stationery and printing materials. In the year 2019 our Company commenced manufacturing operation of Thin Wall Food Containers with a production capacity of 195 MT/month and with constant expansion and up-gradation of technology, our capacity currently stands at 665 MT/month running at its maximum capacity. Company also diversified into manufacturing paper straws and PLA straws in the year 2019 with a modest capacity of 21.75 MT/month and 40.60 MT/month respectively. In the year 2022 our company ventured into manufacturing of U shape straws for the beverage and dairy industry made from Paper and PLA. Present capacity of the PLA straws stands at 160 MT/month and for the paper straws capacity stands at 95 MT/month. Our Company reaffirming its dedication to meeting the escalating domestic and international demand with the unveiling of an ambitious project-an advanced manufacturing facility in Dhulagarh, Howrah, West Bengal spanning nearly 90,000 square feet, this facility is poised to be a key asset, empowering the company to elevate its production capacity and fortify its competitive advantage. Our production facility is fully equipped with micro-processor controlled All Electric injection moulding machines imported from Japan and China. Our cutting-edge facility is complemented by our well trained, professional and experienced staff who play a significant role in maintaining the quality. Every stage of operation from inspection of raw materials to production line operations, from printing/labelling & packing to logistics is dominated by an uncompromising adherence to quality standards.

Open Demat Account

50years

GLEN Industries Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 64.97 LTBATBA₹ 175.65 LBSE₹ 63.02 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
08 Jul, 2510 Jul, 251200 ₹ 1,10,400 Book Building - SME15 Jul, 25

GLEN Industries Ltd IPO Dates

  • 08 Jul 2025

    Opening date

  • 10 Jul 2025

    Closing date

  • 11 Jul 2025

    Basis of
    Allotment

  • 14 Jul 2025

    Initiation of
    Refunds

  • 14 Jul 2025

    Credit of
    Shares

  • 15 Jul 2025

    Listing date

Details

SectorType
SectorPackaging
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0x00
NII0x00
Retail0x00
Employee0x00
Total0x64968000

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

GLEN Industries Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations17.937.699.86
EBITDA24.3313.6614.57
PAT8.580.573.85
Total Assets77.3761.7860.99
Share Capital5.745.745.74
Total Borrowings66.2860.3763.39
Operating Activities (Net Cash)14.986.548.56
Investing Activities (Net Cash)0.020.022.63
Financing Activities (Net Cash)66.2860.3763.39
Net Cashflow0.793.943.43

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About GLEN Industries Ltd

Our Company was originally incorporated as GLEN Stationery Private Limited as a private limited company under the provisions of the Companies Act, 1956, with a Certificate of Incorporation dated October 05, 2007, issued by the Registrar of Companies, West Bengal. The name of our Company was later changed from GLEN Stationery Private Limited to GLEN Industries Private Limited pursuant to a special resolution passed in the Extraordinary General Meeting of the Company on December 01, 2018. Consequently, a fresh Certificate of Incorporation was issued by the Registrar of Companies, Kolkata, on December 13, 2018. Subsequently, our Company was converted from a private limited company to a public limited company pursuant to a special resolution passed in the Extraordinary General Meeting of the Company on June 10, 2024, and the name of our Company was changed from GLEN Industries Private Limited to GLEN Industries Limited. A fresh Certificate of Incorporation was issued to our Company by the Central Processing Centre, Manesar, on August 09, 2024. The Corporate Identification Number of our Company is U21097WB2007PLC119239.

The Global Plastic Packaging Market size is estimated at 103.63 million tons in 2024, and is expected to reach 121.93 Million tons by 2029, growing at a CAGR of 3.31% during the forecast period (2024-2029). Plastic packaging has become a popular choice among consumers due to its durability, flexibility, and cost-effectiveness. This packaging form utilizes plastic films, containers, or other polymer-based materials to create a barrier against external elements, providing a versatile and lightweight solution for packaging a wide range of goods. Plastic containers are becoming essential in the beverage, food, dairy, cosmetics, and pharmaceutical industries. New filling technologies and the emergence of heat-resistant packaging material opened new possibilities and options in the market. While PET bottles are standard in multiple segments, cosmetics, sanitary products, and detergents are predominantly sold in polyethylene (PE) bottles. As per the OECD report, while over 120 countries have implemented bans and taxes on single-use plastics, these measures often fall short of effectively reducing overall pollution. Many regulations primarily target items like plastic bags, which constitute a small fraction of plastic waste, proving more successful in lowering littering than addressing the broader issue of plastic consumption. Furthermore, only a minority of countries have implemented landfill and incineration taxes that provide incentives for recycling, highlighting a global need for more comprehensive strategies to tackle plastic pollution. Several global companies increasingly recognize the urgency of recycling PET into food-grade products, such as beverage containers, which forms a major part of the current demand. This trend can drive the demand for PET across the world. For instance, the Coca-Cola Company intends to use 50% recycled PET in its containers by 2030. Also, Unilever is committed to making 100% of its plastic packaging reusable or recyclable by 2025. The e-commerce, food delivery and quick commerce industry's rapid expansion is expected to create new opportunities for market expansion. To cut the cost of transportation, e-commerce enterprises favour lightweight and flexible packaging options. The industry is anticipated to flourish as more people shop online for fresh foods, FMCG products, electrical devices, and clothing every day. Additionally, more significant opportunities for plastic packaging are anticipated in the coming years due to the growing introduction of innovative packaging solutions, including active packaging, modified environment packaging, edible packaging, and bioplastic packaging. However, the industry's existence is expected to be challenged by growing sustainability awareness and a strict prohibition on single-use plastic to reduce plastic pollution.

We are engaged in the manufacturing of diverse range of Food packaging and Service Products primarily Thin Wall Food Containers, Polylactic Acid (PLA) Straws and Paper Straws all mainly supplied to the Hotel, Restaurant, and Caf'/Catering (HoReCa) sector, Beverage industry and food packaging industry. Our extensive product lineup, available in various shapes and sizes, is widely favored by sectors such as the HoReCa industry, Quick Service Restaurants (QSR), the food, beverage and dairy industry, etc. Our Company was originally incorporated as Glen Stationery Private Limited for manufacturing all kinds of stationery and printing materials. In the year 2019 our Company commenced manufacturing operation of Thin Wall Food Containers with a production capacity of 195 MT/month and with constant expansion and up-gradation of technology, our capacity currently stands at 665 MT/month running at its maximum capacity. Company also diversified into manufacturing paper straws and PLA straws in the year 2019 with a modest capacity of 21.75 MT/month and 40.60 MT/month respectively. In the year 2022 our company ventured into manufacturing of U shape straws for the beverage and dairy industry made from Paper and PLA. Present capacity of the PLA straws stands at 160 MT/month and for the paper straws capacity stands at 95 MT/month. Our Company reaffirming its dedication to meeting the escalating domestic and international demand with the unveiling of an ambitious project-an advanced manufacturing facility in Dhulagarh, Howrah, West Bengal spanning nearly 90,000 square feet, this facility is poised to be a key asset, empowering the company to elevate its production capacity and fortify its competitive advantage. Our production facility is fully equipped with micro-processor controlled All Electric injection moulding machines imported from Japan and China. Our cutting-edge facility is complemented by our well trained, professional and experienced staff who play a significant role in maintaining the quality. Every stage of operation from inspection of raw materials to production line operations, from printing/labelling & packing to logistics is dominated by an uncompromising adherence to quality standards.

Peer Comparison:

  • Rajshree Polypack Limited

GLEN Industries Ltd IPO Key Points

Strengths

  • Experienced Management Team.
  • Long standing relationships with customers.
  • Consistent financial performance.

Risk

  • The Company is dependent on external suppliers for most of its machinery / component requirements and raw materials.
  • Its business of the Company is impacted by fluctuations in raw material prices, domestic and global.
  • The company relies on third-party transportation providers for all of its input materials and product distribution. Failures by any of its transportation providers to deliver the company input materials and products on time or at all, could result in loss in sales.

Strategy

  • Sustainability Initiatives.
  • Invest in expanding our technological capabilities and manufacturing capacities.
  • Diversification of our product range.
  • Our industry-related skills and knowledge can be leveraged to diversify our customer-base and gain wallet share with existing customers by expanding our product portfolio.
  • Optimal Utilization of Resources.
  • Experienced Management Team.
  • Long standing relationships with customers.
  • Consistent financial performance.

How To Apply for GLEN Industries Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

GLEN Industries Ltd's IPO offers shares for up to ₹ 0 L It begins on Jul 8, 2025 and ends on Jul 10, 2025.

The price of GLEN Industries Ltd IPO ranges between ₹92 to ₹97 per share.

The GLEN Industries Ltd IPO opens on Jul 8, 2025 and closes on Jul 10, 2025.

The allotment for the GLEN Industries Ltd IPO will be finalised on Jul 11, 2025. The shares will be listed on BSE and NSE on Jul 15, 2025.

The minimum lot size for GLEN Industries Ltd IPO is 1200 shares, priced between ₹92 to ₹97 per share.

The GMP (Grey Market Premium) of GLEN Industries Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of GLEN Industries Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The GLEN Industries Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jul 8, 2025, and closes on Jul 10, 2025. The allotment is finalised on Jul 11, 2025.

To apply for the GLEN Industries Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.