Here are the complete details of the GLEN Industries Limited IPO:
Timeline
- Opening Date: July 8, 2025
- IPO Close: July 10, 2025
- Basis of Allotment: July 11, 2025
- Refunds Initiated: July 14, 2025
- Listing Date: July 15, 2025 on BSE SME
GLEN Industries Limited IPO Details
- Total Issue Size: ₹63.02 crore via a fresh issue of ~64.97 lakh shares
- Price Band: ₹92–₹97 per share
- Face Value: ₹10 per Share
- Minimum Lot Size: 1,200 shares
- Total Issue Size: 64,96,800 shares
- Issue Type: Bookbuilding IPO
- Listing At: BSE SME
- Share Holding Pre Issue: 1,75,64,570 shares
- Share Holding Post Issue: 2,40,61,370 shares
GMP of GLEN Industries Limited IPO
Here’s the latest snapshot of the Grey Market Premium (GMP) for the GLEN Industries Limited IPO:
- ₹25 per share (~+25.8%) — as per IPOPremium.in (4 days ago)
- ₹23 per share (~+23.7%) — reported by IPO Central (last month)
If you’re comparing with fundamentals, GLEN Industries already shows strong financial growth (revenues up ~18%, PAT surged ~118%) and operates in the eco-friendly packaging niche. The ₹23–₹25 GMP reflects high short-term enthusiasm.
Promoters of GLEN Industries Limited
Here are the detailed profiles of the promoters of GLEN Industries Limited, with insights into their roles and backgrounds:
1) Mr. Lalit Agrawal
- Position: Chairman of GLEN Industries Ltd.
- Company Role: Co‑founded the original Glen Stationery Pvt Ltd in 1998. Spearheaded diversification into food‑grade packaging and played a pivotal role in establishing manufacturing lines for thin wall containers and compostable straws.
- Promoter Shareholding: Alongside other promoters, held 100% of the pre-IPO equity.
2) Mrs. Lata Agrawal
- Position: Promoter (relation implied; likely spouse of Lalit).
- Key Contribution: Listed among the core promoter group in multiple IPO disclosure summaries.
3) Mr. Nikhil Agrawal
- Position: Managing Director & CEO.
- Background: Joined as director since at least January 2017; has been instrumental in scaling up capacity (665 MT/month thin wall containers; 95 MT/month paper straws; 160 MT/month PLA straws).
- Global Outreach: Under his leadership, the company expanded exports to Europe, USA, Australia, the Middle East, and Africa.
4) Mrs. Niyati Seksaria
- Position: Whole-Time Director.
- Experience: Serves on the board with responsibilities likely spanning operations, governance, or corporate strategy; appointed director since September 2020.
Summary Table
| Promoter | Position & Appointments | Key Contributions |
|---|---|---|
| Lalit Agrawal | Chairman; founding promoter | Initiated diversification; key strategic leader |
| Lata Agrawal | Promoter | Part of core family ownership |
| Nikhil Agrawal | Managing Director & CEO (since 2017) | Dramatically expanded production; global business growth |
| Niyati Seksaria | Whole-Time Director (since 2020) | Senior director contributing to operations/governance |
Final Take
The Agrawal-Seksaria promoter group brings a robust blend of founding vision, strategic expansion, and hands‑on management. Their transition from stationery into eco-friendly food packaging, along with rapid capacity scaling and exports, reflects deeply driven leadership and a high level of coordination.
GLEN Industries Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,16,400 |
| Retail (Max) | 2 | 2,400 | ₹2,32,800 |
| S-HNI (Min) | 3 | 3,600 | ₹3,49,200 |
| S-HNI (Max) | 8 | 9,600 | ₹9,31,200 |
| B-HNI (Min) | 9 | 10,800 | ₹10,47,600 |
| Employee (Min) | 2 | 2,400 | ₹2,32,800 |
| Employee (Max) | 4 | 4,800 | ₹4,65,600 |
- Minimum lot for all investors is 1,200 shares.
- Retail investors can apply for up to 2 lots (2,400 shares), worth ₹2,32,800 at the top of the band.
- HNI/NII investors have a minimum application of 3 lots (3,600 shares), worth ₹3,49,200 at upper price.
GLEN Industries Limited IPO Promoter Holding
Here’s a refined summary of promoter shareholding in GLEN Industries Limited IPO:
| Stage | Promoter Shareholding |
|---|---|
| Pre‑IPO | 100.00% of equity |
| Post‑IPO | ~73%* |
Promoter Details
- Pre‑IPO, the four promoters—Mr. Lalit Agrawal, Mrs. Lata Agrawal, Mr. Nikhil Agrawal, and Mrs. Niyati Seksaria—held the entire equity (100%).
- Post‑IPO, equity distribution changes with fresh issue; promoters remain the majority, holding ~73%, while ~27% equity is allotted to public/institutional investors.
About GLEN Industries Limited
- Founded: 2007 (as GLEN Stationery Pvt Ltd), transitioned to GLEN Industries Pvt Ltd in 2018 and later public limited in 2024.
- Headquarters: Kolkata, West Bengal; manufacturing facility in Poly Park, Dhulagarh, Howrah.
- Business Focus: Eco-friendly packaging and service products—primarily thin‑wall containers, PLA & paper straws (including U‑shape compostable variants).
Product & Manufacturing
- Thin-Wall Food Containers: Started in 2011 with 80 MT/month capacity, expanded to 665 MT/month by 2022.
Straws:
- Paper straws: ~95 MT/month
- PLA straws: ~160 MT/month
- U‑shape PLA/paper straws launched in 2022
Facilities:
- 90,000 sq ft automated plant, featuring robotic, zero‑human-contact production lines sourced from Japan, Taiwan, China.
- Hygiene standards: FSSC 22000, ISO 9001:2015, HACCP certifications.
Sustainability & Certifications
- Complies with CPCB regulations; one of the earliest Central Pollution Control Board‑approved suppliers of compostable U‑shape straws.
- Recognized as a 2‑Star Export House and Authorized Economic Operator Tier‑2 by Indian Customs.
Leadership & Growth Journey
- Chairman: Lalit Agrawal
- MD & CEO: Nikhil Agrawal
- Whole-time Director: Niyati Seksaria
Milestones:
- 1998: Ballpoint pens via Ostern Pvt Ltd
- 2010: Diversified to food containers
- 2019: Launched GLEN Industries and compostable straws
- 2021–22: Capacity upgrades & U‑shape straw innovation
- 2024: ₹100 crore expansion plan; ₹500 crore investment announced to build new eco-friendly facility in Jaugram, Purba Bardhaman, generating ~3,000 jobs
Summary
GLEN Industries has evolved from stationery to a leading eco-conscious packaging player, backed by cutting-edge manufacturing, strong governance, and compelling financial performance. With its global footprint, sustainable positioning, and aggressive expansion across multiple product lines, it’s well-aligned for long-term growth.
GLEN Industries Limited Financial Information
Here’s a detailed summary of GLEN Industries Limited’s financial performance, based on its DRHP and restated financials across 2023– 2025:
| Metric | 20 23 | 2024 | 2025 (annualised) |
|---|---|---|---|
| Revenue (₹ crore) | ₹118.85 Crore | ₹144.50 Crore | ₹170.66 Crore |
| EBITDA (₹ crore) | ₹13.89 Crore | ₹24.86 Crore | ₹40.95 Crore |
| EBITDA Margin (%) | 11.69% | 17.20% | 24.00% |
| PAT (₹ crore) | ₹0.56 Crore | ₹8.58 Crore | ₹18.26 Crore |
| PAT Margin (%) | 0.47% | 5.94% | 10.70% |
| Assets (₹ crore) | ₹137.07 Crore | ₹160.31 Crore | ₹214.36 Crore |
| Net Worth (₹ crore) | ₹13.36 / 18.07* Crore | ₹21.94 / 26.65* Crore | ₹58.35 / 40.21* Crore |
| Total Debt (₹ crore) | ₹81.65 Crore | ₹88.82 / 88.83* Crore | ₹132.82 / 132.83* Crore |
| Debt-to-Equity (x) | 6.11 | ~4.05 | 2.28 |
| ROCE (%) | 16.50 | 22.84 | 16.94 |
| ROE (%) | 4.19 / ~8.22** | 39.11 / 32.19** | 31.29 / 45.43** |
| EPS (₹, basic) | 2.44 | 4.89 | 10.40 |
Key Insights
- Strong Growth: Revenue grew ~44% over two years; PAT surged from ₹0.56 cr to ₹18.3 cr in 2025—reflecting a huge turnaround.
- Improved Margins: EBITDA margin jumped from ~12% to 24%, and PAT margin improved to ~10.7% .
- High Leverage: Debt-to-equity has steadily reduced from ~6.1x to 2.28x, signaling improved balance sheet discipline.
- Returns: ROCE remained strong (~16–23%) across periods; ROE surged to over 30% in 2025.
- EPS Upside: EPS jumped from ₹2.44 in 2023 to ₹10.40 (annualised 2025), highlighting sharp earnings growth.
Key Performance Indicators (KPI)
Here are the Key Performance Indicators (KPIs) for GLEN Industries Limited based on their IPO filings and financial disclosures:
| KPI | Values |
|---|---|
| ROCE | 16.94% |
| Debt/Equity | 2.28 |
| RoNW | 45.43% |
| PAT Margin | 10.70% |
| EBITDA Margin | 23.60% |
| Price to Book Value | 0.22 |
Interpretation:
- ROE & ROCE: Very strong returns, especially 20 24 & 2025, showing efficient use of shareholder and total capital.
- EBITDA & PAT Margins: Rapid improvement suggests operational efficiency and cost control.
- EPS: Increased over 4× in 2 years—strong earnings momentum.
- Debt-to-Equity: Decreasing trend, improving financial stability.
GLEN Industries Limited Contact Details
Here are the official contact details for GLEN Industries Limited, compiled from authoritative sources:
🏢 Corporate Office
| Field | Details |
|---|---|
| Address | Raj Veena, 2nd Floor, 50A Block C, New Alipore, Kolkata 700053, West Bengal, India |
| Phone | +91‑33‑40019802 |
| info@glen‑india.com |
⚙️ Factory / Manufacturing Unit
| Field | Details |
|---|---|
| Address | PPF 16, Poly Park, Kandua (Dhulagarh), Howrah 711302, West Bengal, India |
| Phone | 033‑29556009 |
| info@glen‑india.com |
| com |
📨 Registrar (as per IPO document)
| Field | Details |
|---|---|
| info@glen‑india.com | |
| Phone | +91‑40‑67162222 |
| Fax | +91‑40‑23001153 |
| Address | Karvy Selenium Tower-B, 31 & 32, Financial District, Nanakramguda, Hyderabad 500032 |
Quick Summary
- Corporate HQ: Kolkata – +91‑33‑40019802, info@glen‑india.com
- Factory: Howrah – +91‑33‑29556009, same email
- IPO Registrar: Hyderabad – +91‑40‑67162222, fax +91‑40‑23001153
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