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GLEN Industries IPO
GLEN Industries Ltd
₹1,10,400 /1200 sharesMinimum Investment
GLEN Industries IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹97.00 | ₹157.00 | ₹60.00 (61.86%) |
GLEN Industries IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 8 Jul ‘25 - 10 Jul ‘25 | ₹2,20,800 | 1,200 | ₹92 - ₹97 |
| Issue Size | IPO Doc |
|---|---|
| 63.02Cr | RHP PDF |
Subscription rate
As of 10 Jul'25, 04:00 PM
| Qualified Institutional Buyers | 29.12x |
| Non-Institutional Investor | 220.60x |
| Retail Individual Investor | 109.56x |
| Employees | 0.00x |
| Total | 71.70x |
About GLEN Industries
Founded in
2007
Managing director
Mr. Nikhil Agrawal
Parent organisation
GLEN Industries Ltd
Strengths & Financials of GLEN Industries
Strengths
Risks
The company claims to manufacture its products in full compliance with FSSC 22000 and Hazard Analysis & Critical Control Point (HACCP) standards to ensure consistent quality and safety.
The company is ISO 9001:2015 certified for its quality management systems and ISO 14001:2015 certified for its environmental management systems. The company also claims to have certificates like FSC for responsible forest management, and SEDEX 4-Pillar covering labour standards, health and safety, environmental practices, and business ethics.
GLEN Industries claims to operate modern production facilities equipped with advanced machinery. The company claims that these facilities follow strict hygiene and safety measures to maintain product quality at all stages of production.
The company claims that its production unit is equipped with advanced, microprocessor-controlled, all-electric injection moulding machines sourced from Japan and China.
The company claims to offer customisable options in design, size, and branding. The company believes that this flexibility helps meet the specific needs of clients in sectors like food service and retail, while also supporting the brand’s identity and product functionality.
GLEN Industries claims to have built strong domestic and international relationships with its customers. It exports to countries such as Australia, Belgium, Cyprus, and Denmark, among others. The company further states that it was able to establish a broad customer base both in India and international markets due to its vast product range.
Over the years, the company has observed a consistent increase in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 118.85 crore in FY23 to Rs 144.50 crore in FY24 and Rs 170.66 crore in FY25. PAT increased from Rs 1.48 crore in FY23 to Rs 8.58 crore in FY24 and Rs 18.26 crore in FY25.
The company is dependent on third-party suppliers for its machinery, components, and raw materials. Any sudden delays, shortages, or quality issues in the material that the company receives from these suppliers can disrupt the production process and adversely affect its business operations and finances.
The cost of raw materials consumed accounted for 57.04 percent of the company’s total revenue in FY25, 58.70 percent in FY24, and 62.21 percent in FY23. Any price increase of the raw material due to supply shortages or increased commodity costs could adversely affect the company’s operations and profitability.
The company derives a significant portion of its revenue from exports. They accounted for Rs 57.14 crore (33.48 percent) of the company’s revenue in FY25, Rs 47.65 crore (32.98 percent) in FY24, and Rs 44.29 crore (37.27 percent) in FY23. Any adverse developments in the global market could negatively affect the company's finances.
The company is involved in some legal proceedings. Any adverse judgment in any of these cases can be detrimental to the company’s business prospects.
As of FY25, the company has trade receivables amounting to Rs 30.70 crore, a sharp increase from Rs 26.60 crore in FY24 and Rs 16.46 crore in FY23. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
As of FY25, the company had outstanding financial indebtedness of Rs 132.83 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
GLEN Industries Financials
*All values are in Rs. Cr
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Application Details of GLEN Industries IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹92 - 97 | ₹2 - 5 Lakh |
| Employee | ₹87 - 92 | ₹2 - 5 Lakh |
| High Networth Individual | ₹92 - 97 | ₹2 - 5 Lakh |
For GLEN Industries IPO, eligible investors can apply as Regular & Employee.