Latest news with #GLENIndustries
Economic Times
15-07-2025
- Business
- Economic Times
Glen Industries shares list at 62% premium over IPO price on BSE SME platform
Shares of Glen Industries listed at Rs 157 on the BSE SME platform on Tuesday, delivering a premium of 61.86% over the IPO price of Rs 97. The Rs 63.02 crore IPO, consisting entirely of a fresh issue of 64.97 lakh shares, received a robust response from investors, getting subscribed 260.28 times, making it one of the most oversubscribed SME IPOs this month. ADVERTISEMENT The company raised Rs 17.46 crore from anchor investors ahead of the offer. The strong demand came primarily from non-institutional investors (NIIs), whose quota was booked 476.25 times, followed by 225.15 times in the retail category and 192.46 times from qualified institutional buyers (QIBs). In the grey market, the IPO is currently commanding a GMP of Rs 49, suggesting a likely listing premium of around 51% over the issue price. Incorporated in 2007, GLEN Industries manufactures eco-friendly food packaging and service products. Its main products include thin-wall food containers and compostable straws, catering to the food and beverage industry both domestically and globally. It exports to markets such as Europe, the US, Australia, the Middle East, and company recently expanded operations with a new 90,000 sq ft facility in West Bengal to meet growing posted a 113% YoY jump in net profit to Rs 18.27 crore for FY25, while EBITDA rose to Rs 40.43 crore, up from Rs 24.87 crore in the previous year. Its EBITDA margin stands at 23.6%, and the return on net worth (RoNW) is 45.43%, reflecting strong operating leverage. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
15-07-2025
- Business
- Mint
GLEN Industries shares make stellar debut, list at ₹157 on BSE SME — 62% premium over IPO price
GLEN Industries IPO listing: Shares of GLEN Industries made a stellar debut on the bourses on Tuesday, July 15, listing at ₹157 on BSE SME, a premium of 61.86 percent over its IPO price of ₹97. Advertisement The SME initial public offering (IPO), with a total issue size of ₹63.02 crore, was open for bidding from July 8 to July 10. The offering received an overwhelming response from investors, closing with a subscription of 260.28 times. The IPO attracted bids for 113.78 crore shares compared to the 43.71 lakh shares on offer. The retail investor category was subscribed 225.15 times while the non-institutional investor (NII) segment witnessed 476.25 times subscription. Meanwhile, the qualified institutional buyer (QIB) portion was bid the most, 192.46 times. Moreover, the employee quota was booked 0.36 times in the three days of bidding. About the IPO The IPO was entirely a fresh issue of 64.97 lakh shares with no offer-for-sale. The lot size for the IPO was fixed at 1,200 shares, with the minimum investment for retail investors set at ₹2,20,800, equivalent to applying for two lots or 2,400 shares. The offering includes a reserved portion of up to 1,53,600 shares for employees, available at a ₹5 discount to the issue price. Advertisement Proceeds from the fresh issue will be primarily utilised to establish a new manufacturing facility at Purba Bardhaman, PS – Jamalpur, along with funding general corporate requirements. GLEN Industries raised ₹17.46 crore from anchor investors on Monday, July 7, 2025, ahead of its IPO. The IPO is being managed by GYR Capital Advisors Private Limited as the book-running lead manager, with Kfin Technologies Limited appointed as the registrar. Giriraj Stock Broking Private Limited will serve as the market maker for the issue. About the Company Incorporated in 2007, Glen Industries Limited (GIL) is engaged in the production of eco-friendly food packaging and service products. The company specialises in manufacturing thin-wall food containers and compostable straws, catering to key segments such as HoReCa (Hotels, Restaurants, Cafés/Catering), the beverage sector, and the broader food packaging industry. Advertisement To meet rising demand, Glen Industries has set up a 90,000 sq. ft. manufacturing facility in Dhulagarh, equipped with modern machinery and a skilled workforce aimed at boosting both output and quality standards. GIL exports its products to markets across Europe, the USA, Australia, the Middle East, and Africa, with offerings tailored to regional preferences. The company's dedication to quality and reliability is reflected in its strong base of over 25 loyal customers globally. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
15-07-2025
- Business
- Time of India
Glen Industries shares list at 62% premium over IPO price on BSE SME platform
Shares of Glen Industries listed at Rs 157 on the BSE SME platform on Tuesday, delivering a premium of 61.86% over the IPO price of Rs 97. The Rs 63.02 crore IPO, consisting entirely of a fresh issue of 64.97 lakh shares, received a robust response from investors, getting subscribed 260.28 times, making it one of the most oversubscribed SME IPOs this month. The company raised Rs 17.46 crore from anchor investors ahead of the offer. The strong demand came primarily from non-institutional investors (NIIs), whose quota was booked 476.25 times, followed by 225.15 times in the retail category and 192.46 times from qualified institutional buyers (QIBs). In the grey market, the IPO is currently commanding a GMP of Rs 49, suggesting a likely listing premium of around 51% over the issue price. What the company does Incorporated in 2007, GLEN Industries manufactures eco-friendly food packaging and service products. Its main products include thin-wall food containers and compostable straws, catering to the food and beverage industry both domestically and globally. It exports to markets such as Europe, the US, Australia, the Middle East, and Africa. The company recently expanded operations with a new 90,000 sq ft facility in West Bengal to meet growing demand. Financial performance GLEN posted a 113% YoY jump in net profit to Rs 18.27 crore for FY25, while EBITDA rose to Rs 40.43 crore, up from Rs 24.87 crore in the previous year. Its EBITDA margin stands at 23.6%, and the return on net worth (RoNW) is 45.43%, reflecting strong operating leverage. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Business Standard
15-07-2025
- Business
- Business Standard
Bumper debut! GLEN Industries lists at 62% premium, beats IPO GMP forecasts
GLEN Industries IPO listing, GLEN Industries share price: Shares of eco-friendly food packaging and service products provider GLEN Industries made a strong debut on the BSE SME platform on Tuesday, July 15, following the completion of its initial public offering (IPO). The company's stock listed at ₹157 per share, reflecting a premium of ₹60 or 61.86 per cent over the IPO issue price of ₹97. As a result, investors who were allotted GLEN Industries shares in the IPO made a profit of nearly ₹72,000 per lot (1,200 shares) upon listing. The GLEN Industries IPO listing outperformed grey market expectations. Prior to the debut, its unlisted shares were trading at around ₹152 in the grey market, indicating a grey market premium (GMP) of ₹55, or approximately 56.70 per cent over the issue price, according to sources tracking unofficial market activity. GLEN Industries IPO details The public offering of GLEN Industries comprised an entirely fresh issue of 6.5 million equity shares, aggregating to ₹63.02 crore. It was available for subscription from Tuesday, July 8, to Thursday, July 10, at a price band of ₹92–97 per share, with a lot size of 1,200 shares. The public issue received massive demand from investors, getting oversubscribed by 350.72 times by the end of the subscription period, as per BSE data. The basis of allotment for GLEN Industries IPO shares was finalised on Friday, July 11. The company set the issue price at ₹97 per share. GLEN Industries proposes to utilise the IPO proceeds for setting up a new manufacturing facility at Purba Bardhaman, West Bengal. The company will further use the funds for general corporate purposes. About GLEN Industries GLEN Industries produces eco-friendly food packaging and service products, such as thin-wall containers and compostable straws, catering to the hospitality and beverage industries. With a 90,000 sq. ft. state-of-the-art manufacturing facility in Dhulagarh, the company exports its products to international markets, including Europe, the USA, and Australia. GLEN Industries' product range includes thin-wall food containers and compostable straws, available in various production capacities.
Mint
11-07-2025
- Business
- Mint
GLEN Industries IPO allotment date likely today: Latest GMP and steps to check status
GLEN Industries IPO allotment in focus: The initial public offering (IPO) of GLEN Industries, engaged in manufacturing eco-friendly food packaging and service products, closed with a strong demand from investors. Following the closure of the GLEN Industries IPO, investors are now focused on the GLEN Industries IPO allotment. GLEN Industries IPO was open for a three-day bidding period, starting on July 8 and ending on July 10. GLEN Industries IPO allotment date is Friday, July 11, and the GLEN Industries IPO listing date is expected to be Tuesday, July 15. GLEN Industries IPO, worth ₹ 63.02 crore, was entirely a fresh issue of 64.97 lakh shares. The shares of GLEN Industries IPO were available in a price band of ₹ 92 to ₹ 97 per share. Investors could bid for 1200 shares in one lot. GLEN Industries IPO saw a heavy demand, amid a strong trend visible in the grey market premium (GMP). GLEN Industries IPO subscription status stood at 260.28 times at the end of the third day, with the issue garnering 113.78 crore shares as against 43.71 lakh shares on offer. The retail portion was booked 255.15 times, followed by the NII portion that garnered 476.25 times bids and the QIB portion that closed with 192.46 times subscription. GLEN Industries IPO GMP today is ₹ 45 per share. This means shares of GLEN Industries are trading at ₹ 45 above the issue price of ₹ 97 in the grey market. At the prevailing GMP, GLEN Industries IPO shares could list at ₹ 142, a premium of 46%. GMPs signal investor willingness to buy its shares at a premium or discount to the IPO price. However, investors must note that grey market premiums are subject to change ahead of the listing. One should consider the company's fundamentals and risk appetite before investing. The allotment for the IPO tends to be finalised the next day after the closure of the public offer. Since GLEN Industries IPO closed for subscription on Thursday, July 11, the allotment date for GLEN Industries IPO will be out today, July 12. Since the GLEN Industries IPO allotment status is expected to be finalised today, here's a look at how investors can check the status. To check GLEN Industries IPO allotment status online, one can do so through the BSE website. One other way to check IPO status is through the official portal of the IPO registrar, which is KFin Technologies. 1. Head to the BSE website by clicking on this link: 2. Select 'Equity' as Issue Type 3. Choose GLEN Industries in the dropdown for Issue Name 4. Enter either your application number or PAN details 5. Verify by ticking on 'I am not robot' and then click on 'Search' 1. Head to the KFin Tech's website using the link: 2. Select the company name as GLEN Industries from IPO dropdown 3. Select any of the three options: Application Number/demat account/PAN 4. Enter the details pertaining to the option picked 5. Enter Captcha and hit Submit Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
