Glen Industries IPO Sees Massive Demand:
Subscribed Over 85 Times on Final Day
The initial public offering (IPO) of Glen Industries Ltd, a Kolkata-based
company known for its eco-friendly packaging products, has received a
thunderous response from investors. On the third and final day of bidding (Thursday, July 10), the
IPO was subscribed 85.48 times,
according to data from the BSE.
The IPO received bids for over 40 crore shares against the 46.96 lakh shares on offer, showing just
how excited the market is about this SME offering. Glen Industries aims to
raise ₹63.02 crore through a fresh issue of 64.97 lakh equity shares,
priced between ₹92 to ₹97 per share.
In this blog, we’ll walk you through
everything:
·
IPO subscription breakdown
·
Business overview of Glen Industries
·
Use of IPO proceeds
·
Allotment status check (step-by-step)
·
Listing date
·
Analyst and investor sentiment
· FAQs
About Glen Industries: What Does the Company Do?
Glen Industries is not your average
manufacturing company. Based in Kolkata,
it specialises in producing eco-friendly
food packaging and service products. These include:
·
Thin-wall
food containers
·
Compostable
straws
·
Products for hotels, restaurants,
cafés, and food delivery services
The company's products serve domestic as well as international markets, exporting to:
·
🇺🇸 United States
·
🇦🇺 Australia
·
🇪🇺 Europe
·
Africa & the Middle East
In a time where sustainability is becoming a business advantage, Glen’s eco-focus gives it a long-term growth edge.
| Parameter | Details |
|---|---|
| IPO Open Date | July 8, 2025 |
| IPO Close Date | July 10, 2025 |
| Issue Size | ₹63.02 crore |
| Price Band | ₹92 to ₹97 per share |
| Minimum Lot Size | 2 lots = 2,400 shares |
| Market Lot Price (min invest) | ₹2,208 to ₹2,328 |
| Face Value | ₹10 per share |
| Listing Platform | BSE SME |
| Registrar | KFin Technologies |
| IPO Allotment Date | July 11, 2025 |
| Listing Date | July 15, 2025 |
Glen Industries IPO Subscription Details (Day 3)
| Category | Subscription (x times) |
|---|---|
| Retail Investors | 76.91x |
| Non-Institutional Investors | 110.78x |
| Qualified Institutional Buyers | 45.62x |
| Total | 85.48x |
This overwhelming response shows strong investor confidence and signals positive sentiment in the SME IPO space.
Use of IPO Proceeds
Glen Industries plans to utilise the ₹63.02
crore raised from the IPO for:
·
Setting up a new manufacturing plant
·
General
corporate purposes
·
Boosting
capacity and innovation in eco-friendly packaging
This expansion plan is aimed at scaling operations to meet rising demand both domestic and international.
How to Check Glen Industries IPO Allotment Status Online
Allotment status will be declared on Friday, July 11, 2025.
You can check the status via BSE or KFin Technologies:
Option
1: On BSE Website
1.
Go to 👉 https://bseindia.com/investors/appli_check.aspx
2.
Select ‘Equity’
under issue type
3.
Choose ‘Glen
Industries Ltd’ from the drop-down
4.
Enter your PAN
or application number
5. Click ‘Search’
Option
2: On KFin Technologies Website
1.
Visit 👉 https://ris.kfintech.com/ipostatus/
2.
Choose any of the five links on the page
3.
Select ‘Glen
Industries Ltd’ in the IPO list
4.
Enter either your application number, DP ID/Client ID, or PAN
5. Click ‘Submit’
Glen Industries IPO Listing Date
The shares of Glen Industries are expected to
list on the BSE SME platform on Tuesday, July 15, 2025.
Given the huge subscription, many analysts expect a strong listing gain, potentially in the range of 30–50%, although market conditions will be a factor.
Why Investors Are Excited About Glen Industries
Here are a few key reasons behind the
overwhelming demand:
1.
Sustainability-Driven
Business Model
o Eco-friendly
packaging is a growing global trend
2.
Strong
Export Presence
o Reduces
dependency on domestic sales
3.
Healthy
Financials
o Profitable
and scaling fast
4.
Niche
Product Market
o Compostable
straws, biodegradable containers
5.
Affordable
Valuation
o Price band seen as reasonable compared to peers
Investor Types: What Should You Do?
| Investor Type | Suggested Action |
|---|---|
| Retail Investors | Check allotment, likely strong listing gains |
| IPO Traders | Consider booking profit on listing day |
| Long-Term Investors | Can hold for growth in eco-packaging market |
FAQs
What is the Glen Industries IPO allotment
date?
Answer:
Allotment status is expected to be finalised on July 11, 2025.
Where will Glen Industries shares be listed?
Answer:
The shares will be listed on the BSE SME
platform on July 15, 2025.
What is the minimum investment in Glen
Industries IPO?
Answer:
Minimum investment is 2 lots,
i.e., 2,400 shares, costing
approx. ₹2,208–₹2,328.
How to check IPO allotment status online?
Answer:
You can check via BSE India or KFintech.
What is the use of IPO funds by Glen
Industries?
Answer: Funds will be used to build a new factory, enhance manufacturing capacity, and for general corporate needs.
Conclusion: Glen Industries IPO – What Next?
With a subscription
of 85.48 times, Glen Industries' IPO has clearly captured investor
interest. From eco-friendly products to global exports, Glen’s story is about
sustainability, scalability, and smart business strategy.
If you applied, don’t forget to check your allotment status on July 11 and mark July 15 for the listing.
For those lucky enough to get allotment, the listing day could bring strong returns. For long-term investors, Glen could be a solid bet in the eco-friendly manufacturing space.
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