Glen Industries IPO: Detailed Analysis

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

• Thin Wall Food Containers

• Polylactic Acid (PLA) Straws

• Paper Straws

These products are primarily supplied to:

✅ Hotels, Restaurants, Cafés & Catering (HoReCa)
✅ Quick Service Restaurants (QSR)
✅ Beverage & Dairy Industries
✅ General Food Packaging Sector

The company offers an extensive range of shapes and sizes, helping it address a wide customer base in India’s growing food service market.

Promoter Background

Led by Mr. Lalit Agrawal (40+ years of industry experience) along with:

• Mrs. Lata Agrawal

• Mr. Nikhil Agrawal

• Mrs. Niyati Seksaria

Their experience has been instrumental in scaling Glen’s operations and reputation.

IPO Details

Financial Performance (₹ in Lakhs)

✅ Strong revenue CAGR over three years
✅ Significant profit growth highlights operational leverage
✅ EBITDA more than doubled from FY23 to FY25

Valuation Metrics

📊 Valuation is slightly conservative compared to industry averages, making it reasonably priced for growth investors.

GMP & Listing Prospects

Note: GMP can fluctuate and is unofficial, but current premium suggests potential for listing gains.

Strengths

✅ Diversified packaging products portfolio
✅ Strong demand from HoReCa, QSR, and beverage industries
✅ Steady, high-margin growth in EBITDA and PAT
✅ Experienced promoter group with industry knowledge

Risks & Concerns

⚠️ High retail ticket size (₹2.3 lakh minimum) may deter smaller investors
⚠️ SME IPOs can have limited post-listing liquidity
⚠️ Highly competitive industry with both organised and unorganised players
⚠️ Raw material price fluctuations can impact margins

Expert Recommendation

Final Verdict

Glen Industries IPO is a reasonably valued offering with clear growth in sales and profits, serving a resilient, expanding market.

The ~13% GMP indicates potential listing gains for risk-tolerant investors.

📉 Recommendation:
✅ Risky investors can apply for listing gains.
❌ Avoid for very conservative or purely retail small-ticket investors.

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 Meta Infotech, Happy Square Outsourcing Services, Cryogenic OGS.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.