GLEN Industries' IPO is scheduled to open on July 8, 2025, and will close on July 10, 2025. It is a Book Built Issue through which the company aims to raise approximately ₹63.02 crores. This includes a fresh issue worth ₹63.02 crores, along with an offer for sale of up to [.] equity shares with a face value of ₹10 each.

The IPO price band is set between ₹92 and ₹97 per share. Allocation quotas are divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNI). GLEN Industries is expected to be listed on the BSE on July 15, 2025, with the allotment expected to be finalized by July 11, 2025.

For the financial year 2025, the company recorded revenue of ₹171.28 crores, up from ₹145.22 crores in 2024. Net profit also rose to ₹18.27 crores in 2025 from ₹8.58 crores in the previous year. Based on these financials, the IPO appears to be a good opportunity for long-term investors.

About GLEN Industries IPO

Established in 2007, Glen Industries Limited is a prominent manufacturer of eco-friendly food packaging and service products. Its primary offerings include Thin Wall Food Containers, Polylactic Acid (PLA) Straws, and Paper Straws, catering mainly to the Hotel, Restaurant, and Café/Catering (HoReCa) segment, as well as the beverage and food packaging industries. The company originally operated under the name “Glen Stationery Private Limited,” focusing on stationery and printing materials, before rebranding as Glen Industries Limited to broaden its manufacturing scope.

In 2019, the company began producing Thin Wall Food Containers with an initial monthly capacity of 195 metric tons. Through continuous technological upgrades and expansion, its capacity has grown to 665 metric tons per month, currently operating at full capacity. Glen Industries is now in the process of developing a 90,000 sq. ft. manufacturing facility in Dhulagarh, equipped with advanced machinery, modern technologies, and a skilled workforce to enhance both production efficiency and product quality. The company exports its products to regions including Europe, the USA, Australia, the Middle East, and Africa, and serves 25 loyal customers—a testament to its consistent quality and reliability