GLEN Industries IPO: Glen Industries, a company that makes Kolkata based food packaging products, is bringing its IPO in the stock market. This IPO will open to public on 8 July. The company is in a plan to raise ₹ 63 crore through its IPO. The IPO includes a fresh issue of 64.96 lakh shares completely with a price band ₹ 92-97 per share. This offer can be subscribed from July 8 to July 10. The allotment of IPO shares will be finalized by 11 July. Glen Industries shares will be available for trading on BSE SME on 14 July.
Glen Industries will use the money received from IPO mainly to set up a new manufacturing unit in Mauja Zogram in West Bengal. The remaining amount will be used for general corporate purposes. Merchant banker Gyr Capital Advisors for Glen Industries IPO.
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What does the company do and how is financial health?
Glen Industries is engaged in the manufacture of food packaging and service products. The company competes with Rajshree Polypack, the only listid company in the stock market. It mainly creates a food container with thin wall, polyalctic acid straw and paper straws which are mainly supplied to the food and beverage industry.
The financial performance of Glen Industries has been good over the years. The profit of the financial year 2025 increased by 112.9 percent to ₹ 18.3 crore as compared to the previous year, and revenue increased by 18.1 percent to ₹ 170.7 crore.