Glen Industries IPO GMP Today Signals Strong Listing Premium
Mumbai | July 10, 2025
On the final day of bidding, Glen Industries IPO GMP (Grey Market Premium) stood at ₹35 per share, indicating a potential listing price of ₹132 — a 36.08% premium over the upper issue price of ₹97. The IPO received strong investor demand across categories, with total subscriptions reaching 43.2 times by 11:40 a.m.
Robust Retail and NII Participation
According to exchange data, retail investors oversubscribed their quota 54.59 times, while non-institutional investors (NIIs) subscribed 79.19 times. The Qualified Institutional Buyers (QIBs) portion also showed interest, subscribed at 1.69 times, reflecting growing institutional confidence in the company’s fundamentals.
IPO Details at a Glance
- Price Band: ₹92–₹97
- GMP Today: ₹35 (36.08% above issue price)
- Issue Size: ₹63.02 crore
- Lot Size: 1,200 shares (Minimum investment: ₹2.20 lakh)
- Subscription (as of 11:40 a.m.): 43.2x overall
- Listing Date: July 15, 2025 (BSE SME)
- Registrar: KFin Technologies
- BRLM: GYR Capital Advisors
Financial Performance and Outlook
Glen Industries reported a 113% YoY increase in PAT to ₹18.27 crore for FY25, on revenue of ₹171.3 crore. The company plans to expand operations, aiming to hit ₹1,000 crore in revenue by 2030, backed by a ₹100.22 crore capex plan.
About Glen Industries
Founded in 2007, Glen Industries manufactures eco-friendly food packaging products such as compostable straws and thin-wall containers.Glen Industries supplies eco-friendly packaging solutions to global HoReCa, beverage, and dairy sectors, exporting to markets across the US, Europe, Australia, and the Middle East. The IPO proceeds will primarily fund a new facility in West Bengal.
Also Read : Crizac IPO Subscribed 60x: Massive Demand, Allotment Status, GMP & Listing Date Revealed
Competitive Landscape
The IPO comes at a time when demand for sustainable packaging is gaining strong momentum worldwide. Its peers in the eco-friendly space are few in the listed market, offering a first-mover advantage in the SME segment. Market observers suggest its positioning aligns with global ESG trends, supporting long-term investor interest.
Expert Take for Glen Industries IPO GMP
According to analysts tracking SME IPOs, the strong Glen Industries IPO GMP reflects confidence in the company’s niche and growth visibility. “Despite the segment being underrepresented in public markets, Glen’s export-heavy client base and FY25 performance make it a promising long-term bet,” said a Mumbai-based investment advisor.
Key Dates
- IPO Allotment: July 11
- Refunds/Unblocking: July 14
- Listing on BSE SME: July 15
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