📊 Glen Industries IPO Subscription Soars 132.44x on Final Day; Retail, HNIs Lead the Charge
Glen Industries IPO subscription closed with an overwhelming response on July 10, clocking a total bid volume of 132.44 times the shares on offer. Strong demand from retail and high-net-worth investors signals strong market appetite ahead of listing.
🚀 Glen Industries IPO Subscription Highlights
The ₹63.02-crore initial public offering (IPO) of Glen Industries Ltd received massive investor interest on the final day of bidding. The IPO, which opened on July 8 and closed on July 10, was subscribed 132.44 times overall, as per data available on the BSE SME platform.
Glen Industries IPO Subscription Breakdown (as of July 10, 1:54 PM):
| Investor Category | Subscription (x) |
|---|---|
| Retail Individual Investors | 125.67x |
| Non-Institutional Investors | 256.95x |
| Qualified Institutional Buyers | 67.50x |
| Employees | 0.23x |
| Overall | 132.44x |
- Total shares offered: 43.71 lakh
- Total bids received: 57.89 crore shares
- Total amount bid: ₹5,616.06 crore (approx.)
📈 Strong Demand Across Segments
The Non-Institutional Investors (NII) category witnessed the most aggressive bidding, particularly from Big HNIs (bNII), who subscribed their portion 313.42 times. Retail investors also came out in full force, subscribing 125.67 times, while Qualified Institutional Buyers (QIBs) subscribed 67.50 times, reflecting institutional confidence in Glen’s business model.
💹 IPO Price Band, Lot Size & Investment
- Price Band: ₹92 – ₹97 per share
- Minimum Lot Size: 1,200 shares
- Minimum Retail Investment (2 lots): ₹2,20,800
- HNIs (3 lots min.): ₹3,49,200
📊 Grey Market Premium (GMP) Insight
As of July 10, Glen Industries IPO commanded a grey market premium (GMP) of ₹35, pointing to a potential listing at ₹132 — about 36% higher than the issue’s upper price band of ₹97. The elevated GMP underscores strong investor appetite reflected in the robust subscription across categories.
⚠️ GMP is unofficial and speculative; actual listing price may vary.
🏭 Use of IPO Proceeds
The company intends to deploy funds towards:
- Setting up a new manufacturing facility in Purba Bardhaman, West Bengal
- General corporate purposes
🗓️ Glen Industries IPO: Key Dates
| Event | Date |
|---|---|
| IPO Open | July 8, 2025 |
| IPO Close | July 10, 2025 |
| Allotment Date | July 11, 2025 |
| Refunds & Demat Credit | July 14, 2025 |
| Listing on BSE SME | July 15, 2025 |
🏢 About Glen Industries
Founded in 2007 and headquartered in Kolkata, Glen Industries is a specialist in thin-wall containers and biodegradable straws, supplying eco-friendly food-grade packaging to clients in the HoReCa, dairy, and beverage sectors. The company exports to 25+ countries including the US, Europe, Australia, and the Middle East.
🔍 Quick Take: Why This Matters
- Massive oversubscription shows investor appetite for sustainable, export-oriented businesses
- GMP of ₹35 points to strong potential listing gains
- Listing on July 15 will be closely watched by retail and institutional investors alike
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Glen Industries IPO Subscription Hits 132.44x on Final Day; Retail & HNIs Drive Demand
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Glen Industries IPO subscription closed with 132.44x overall bids. Retail booked 125.67x, HNIs 256.95x. GMP at ₹35 signals strong listing prospects. Allotment on July 11.
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