GLEN Industries came to market through an SME IPO that opened on 8 July 2025 and closed on 10 July 2025, and the shares listed on 15 July 2025 on SME BSE. The price band was ₹92 to ₹97 per share and one lot was 1200 shares, so the minimum application was ₹1,16,400. The issue size was ₹63.02 crore. The whole issue was fresh shares, so the money raised went to the company.
Kfin Technologies Limited was the registrar to the issue, and GYR Capital Advisors Private Limited was the lead manager.
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Established in 2007, Glen Industries Limited (GIL) is involved in the production of environmentally friendly food packaging and service items. Thin-wall food containers and compostable straws are its specialties, with services provided to industries like Hotels, Restaurants, Cafés/Catering (HoReCa), the beverage sector, and food packing. The company maintains a customer focus by fulfilling increasing demand through a new 90,000 sq. ft. Dhulagarh production facility that features state-of-the-art machines and experienced personnel for increased production and quality.
Products are exported to Europe, USA, Australia, the Middle East, and Africa, customer-specific according to local tastes. More than 25 consistent customers are a testimonial to the company's adherence to quality and consistency. The company had 306 permanent employees as of May 31, 2025.
As described in the offer document.
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Mr. Lalit Agrawal, Mrs. Lata Agrawal, Mr. Nikhil Agrawal, Mrs. Niyati Seksaria.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
GLEN Industries IPO was a ₹63.02 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹92–₹97 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,32,800). The IPO was open from July 8 to July 10, 2025. Shares listed on SME BSE on July 15, 2025 at ₹157, a 61.9% premium to the issue price of ₹97. Kfin Technologies Limited is the registrar.
GYR Capital Advisors Private Limited is the book running lead manager.
The price band of GLEN Industries IPO is ₹92 to ₹97 per share.
The lot size of GLEN Industries IPO is 1200 shares.
The minimum investment for GLEN Industries IPO is approximately ₹1,16,400 based on the upper price band.
The allotment date of GLEN Industries IPO is Jul 11, 2025.
GLEN Industries IPO's final recorded GMP before listing was ₹40 per share (a 41% premium over the ₹97 upper price band). The shares listed at ₹157. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check GLEN Industries IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the GLEN Industries IPO allotment status on Rupix for quick and easy access.
₹92 to ₹97 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,16,400. After listing, SME shares also trade in lots rather than one share at a time.
₹1,16,400, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 8 July 2025 and closed on 10 July 2025.
The basis of allotment was published on 11 July 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 15 July 2025 on SME BSE.
The issue size was ₹63.02 crore. The fresh issue was 64,96,800 shares (aggregating up to ₹63.02 crore).