Glen Industries Limited IPO Details

Glen Industries Limited, a food packaging products manufacturer catering to the HoReCa, QSR, and beverage sectors, is set to launch its ₹63.01 Crores IPO on the BSE SME platform through a Book Built Issue.

✅ Issue Details: Entirely fresh issue of 64.96 lakh shares.
✅ Subscription Dates: July 08 to July 10, 2025.
✅ Allotment Date: Expected on July 11, 2025.
✅ Tentative Listing Date: July 15, 2025.
✅ Price Band: ₹92–₹97 per share.
✅ Market Capitalisation (at ₹97): ₹233.39 Crores.

✅ Lot Size: 1,200 shares.

• Retail Minimum Investment: ₹1,16,400.

• HNI Minimum Investment: 2 lots (2,400 shares) at ₹2,32,800.

✅ Lead Manager: GYR Capital Advisors Private Limited.
✅ Registrar: KFIN Technologies Limited.
✅ Market Maker: Giriraj Stock Broking Private Limited.

Business Overview

Glen Industries manufactures a diverse range of food packaging and service products, including:

• Thin Wall Food Containers

• Polylactic Acid (PLA) Straws

• Paper Straws

Their extensive product lineup is used by:
✅ Hotels, Restaurants, and Cafés/Catering (HoReCa) sector
✅ Quick Service Restaurants (QSR)
✅ Food, Beverage, and Dairy industries

✅ Products offered in various shapes and sizes tailored to industry needs.

Promoter Background

The company's growth is led by:

• Mr. Lalit Agrawal: 40+ years of industry experience

• Mrs. Lata Agrawal

• Mr. Nikhil Agrawal

• Mrs. Niyati Seksaria

✅ The team brings strong sector expertise and operational experience.

Financial Performance

Glen Industries has delivered consistent growth:

• Revenue from Operations:

  • FY23: ₹11,959.13 Lakh

  • FY24: ₹14,552.41 Lakh

  • FY25: ₹17,128.44 Lakh

• EBITDA:

  • FY23: ₹1,426.22 Lakh

  • FY24: ₹2,529.80 Lakh

  • FY25: ₹4,096.74 Lakh

• Profit After Tax (PAT):

  • FY23: ₹148.55 Lakh

  • FY24: ₹857.89 Lakh

  • FY25: ₹1,826.57 Lakh

✅ Indicates strong operational and margin growth.

Valuation and Key Metrics

• Pre-issue EPS (FY24): ₹10.40

• Post-issue EPS (FY24): ₹7.59

• Pre-issue P/E ratio: 9.32x

• Post-issue P/E ratio: 12.78x

• Industry P/E benchmark: 16x

✅ Profitability Indicators (FY24):

• ROCE: 16.94%

• ROE: 37.10%

• RoNW: 45.43%

Verdict: The IPO is fairly priced with strong profit metrics.

Grey Market Premium (GMP) Analysis

✅ GMP today: ₹13
✅ Approximate listing gains expected: ~13.40%

⚠️ GMP is unofficial, unregulated, and subject to demand/supply fluctuations.

Use of IPO Proceeds

✅ Working capital needs
✅ Capacity expansion and general corporate purposes

Competitive Advantages

✅ Diverse packaging solutions across sustainable materials (PLA, paper)
✅ Wide industry reach in HoReCa, QSR, and beverages
✅ Steady revenue and profitability growth

Disclaimer:

This article is intended for informational and educational purposes only and does not constitute investment advice. Readers are advised to consult their financial advisor before making any investment decisions. Investments in securities are subject to market risks. Please read all related documents carefully before applying for the IPO. The data provided is based on publicly available information and may be subject to change.

The Upcoming IPOs in this week and coming weeks are  Asston Pharmaceuticals, CFF Fluid Control, Smarten Power Systems, Glen Industries, Travel Food Services, Anthem Biosciences, Chemkart India.

The Current active IPO are Crizac, Meta Infotech, Happy Square Outsourcing Services, Cryogenic OGS.

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