31 Mar 2023
Assets137.07
Total Income119.59
EBITDA13.89
Profit After Tax1.49
NET Worth18.07
Reserves and Surplus30.67
Total Borrowing81.65
At a glance
Updated 2026-09-11The shares listed at ₹157.00, a 61.86% move from the issue price. GLEN Industries is a SME IPO with an issue size of ₹62.94 crore, proposed for listing on BSE SME. The offer opens on 8th Jul 2025 and closes on 10th Jul 2025. The issue structure includes a fresh issue of ₹59.79 crore. The current listing schedule points to 15th Jul 2025.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹62.94 Cr
Fresh issue₹59.79 Cr
Face value₹10
Price band₹92.00–₹97.00
Allotment11th Jul 2025
Listing15th Jul 2025
Listing performance
Full performance ↗Issue price₹97.00
Listing price₹157.00
Current price—
Listing gain61.86%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹55.00
GMP / upper price56.70%
Est. listing₹152.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens8th Jul 2025
Closes10th Jul 2025
Allotment11th Jul 2025
Refund14th Jul 2025
Demat14th Jul 2025
Listing15th Jul 2025
Subscription demand
Full bidding ↗Total260.28×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2400 | ₹232,800 |
Company
Incorporated2007
Use of proceeds
| Object | Amount |
|---|---|
| Setting Up a new manufacturing facility at Purba Bardhaman, PS – Jamalpur, Gram Panchayat: Jougram, Mouza – Jaugram, JL no 114, West Bengal 713166 | ₹47.73 Cr |
| General Corporate Purpose | ₹8.86 Cr |
| Public Issue Expense | ₹6.35 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue171.28₹ Cr · +17.9% vs prior year
EBITDA40.43₹ Cr · +62.6% vs prior year
PAT18.27₹ Cr · +112.9% vs prior year
Assets214.36₹ Cr · +33.7% vs prior year
Net Worth40.21₹ Cr · +50.9% vs prior year
Borrowing132.83₹ Cr · +49.5% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets160.31
Total Income145.22
EBITDA24.87
Profit After Tax8.58
NET Worth26.65
Reserves and Surplus39.16
Total Borrowing88.83
31 Mar 2025
Assets214.36
Total Income171.28
EBITDA40.43
Profit After Tax18.27
NET Worth40.21
Reserves and Surplus40.80
Total Borrowing132.83
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROCE | 16.94% |
| Debt / Equity | 2.28% |
| RoNW | 45.43% |
| PAT Margin | 10.70% |
| EBITDA Margin | 23.60% |
| Price to Book Value | 0.22 |
Valuation & shareholding
Pre-IPO EPS10.40
Post-IPO EPS7.59
Pre-IPO P/E9.33
Post-IPO P/E12.78
Promoter holding pre100%
Promoter holding post72.99%
Market cap₹233.40 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| GLEN Industries IPO | — | 12.78 x | — | — |
| Dhaval Packaging IPO | — | 17.08 x | — | — |
| Utkal Speciality IPO | — | 17.63 x | — | — |
| RFBL Flexi IPO | — | 15.19 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manager Fees. | ₹0.30 Cr |
| Underwriting Fees | ₹3.15 Cr |
| Fees payable to the Market maker to the Issue | ₹0.06 Cr |
| Fees payable to the Registrar to the Issue | ₹0.05 Cr |
| Fees payable for Advertising and Publishing Expense | ₹0.15 Cr |
| Fees payable to Regulators including Stock Exchange & Depositories | ₹0.21 Cr |
| Payment for Printing & Stationary, Postage etc | ₹0.00 Cr |
| Fees payable to statutory auditors, Legal Advisors & other Professionals | ₹2.30 Cr |
| Other Expense | ₹0.13 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- GYR Capital Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-11.
IPO UPDATE ALERTS
Register for IPO Updates →Track GLEN Industries without missing an update
Register for subscription, GMP, allotment and listing notifications.