Glen Industries IPO Upcoming
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Schedule of Glen Industries
| Issue open date | 08 Jul 2025 |
| Issue close date | 10 Jul 2025 |
| UPI mandate deadline | 10 Jul 2025 (5 PM) |
| Allotment finalization | 11 Jul 2025 |
| Refund initiation | 14 Jul 2025 |
| Share credit | 14 Jul 2025 |
| Listing date | 15 Jul 2025 |
| Mandate end date | 25 Jul 2025 |
| Lock-in end date for anchor investors (50%) | 10 Aug 2025 |
| Lock-in end date for anchor investors (remaining) | 09 Oct 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Glen Industries
Established in 2007, GLEN Industries is a manufacturer of food packaging products specializing in thin wall food containers, PLA straws, and paper straws for the HoReCa sector, beverage industry, and food packaging companies. Originally a stationery company, Glen Industries transitioned to food packaging manufacturing in 2019.
Operating from West Bengal with production capacity of 665 MT/month for containers, 160 MT/month for PLA straws, and 95 MT/month for paper straws, the company serves Quick Service Restaurants and food, beverage, and dairy industries. Glen Industries maintains certifications including FSSC 22000, ISO 9001:2015, and HACCP standards.
The company exports to Europe, USA, Australia, Middle East, and Africa, serving repeat customers with customized packaging solutions and various printing techniques to meet specific market requirements.
Financials of Glen Industries
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹63.02 crores |
| Fresh Issue | ₹63.02 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Setting up a new manufacturing facility | 47.73 (75.74%) |
| General corporate purposes | – |
Strengths
- Experienced promoters and leadership ensure strategic execution and sectoral insight.
- Strong customer ties and an efficient supply chain support growth and market reach.
- Advanced in-house facilities enable cost-efficient, high-quality production.
- Robust quality systems and global certifications ensure product safety and reliability.
- Strong customization capabilities help clients enhance branding and meet niche needs.
Risks
- Heavy reliance on external suppliers poses risks to timely delivery and product quality.
- Volatile raw material prices and global uncertainties may impact margins and supply planning.
- Lack of non-compete with a similar subsidiary raises risks of conflict and internal competition.
- High export dependence exposes the company to global trade, regulatory, and currency risks.
- Failure to obtain or renew regulatory approvals may disrupt operations and impact compliance.
- Weak growth execution may strain resources and affect performance.
- Invocation of promoter guarantees may harm reputation, finances, and control stability.
Allotment Status for Glen Industries
To check your allotment status – click here.