Listed

GLEN Industries Ltd. IPO

GLEN Industries Ltd, a Kolkata-headquartered maker of eco-friendly food-grade containers and compostable straws, opens its ₹63 cr SME IPO on July 8 priced at ₹92–97 per share. The fresh issue will fund a new manufacturing facility in West Bengal and support general corporate needs. Listing is expected on the BSE SME platform.

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Min Investment

₹1,16,400

Lot Size

1,200 Shares

Price Range

₹92-97

Issue Size (₹ Cr.)

₹63.02 Cr

IPO Type

BSE SME

Key Metrics

Face Value

₹ 10

GMP

₹ 25.0

Subscription

0.45x

EPS

₹ 7.59

P/E Ratio

12.78 x

RoNW

45.43%

ROE

16.94%

Debt to Equity (₹ Cr.)

2.28

Timeline

IPO Opened08/07/2025Tuesday

IPO Closed10/07/2025Thursday

Allotted11/07/2025Friday

Refunded14/07/2025Monday

Listed15/07/2025Tuesday

Strengths

Eco-Friendly Product Focus - GLEN Industries produces sustainable packaging items like compostable straws and food-grade containers, aligning with growing environmental concerns.
Export-Oriented Business - The company exports to over 15 countries, helping it diversify revenue beyond domestic markets.
Modern Production Facility - Its advanced manufacturing unit in West Bengal supports high-volume, high-efficiency output.
Strong Financial Growth - The company has shown a sharp increase in revenue and profit in recent years, reflecting operational efficiency.
Experienced Management - The leadership team brings solid experience in manufacturing and packaging, driving stable business growth.

Weaknesses

High Debt Levels - The company’s operations rely heavily on external borrowings, which could increase financial risk.
Limited Domestic Reach - A large share of revenue comes from exports, and its domestic brand presence remains underdeveloped.
Dependence on Imported Raw Materials - Key inputs are sourced internationally, making costs vulnerable to forex fluctuations and supply chain disruptions.
Legal Risks - Certain operational assets are under litigation, which may impact business continuity.
Sectoral Competition - The eco-packaging industry faces rising competition from both domestic and international players, impacting pricing power.