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15 Days Price Change

GLEN Industries IPO

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WEBSITE Inc. Year: 2007 Industry: Packaging Listed Page

Profile
Issue Size 45.56 Cr
Profile
Price Range 92  to  97 per share
Profile
Min Investment ₹97
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are engaged in the manufacturing of diverse range of Food packaging and Service Products primarily Thin Wall Food Containers, Polylactic Acid (PLA) Straws and Paper Straws all mainly supplied to the Hotel, Restaurant, and Café/Catering (HoReCa) sector, Beverage industry and food packaging industry. Our extensive product lineup, available in various shapes and sizes, is widely favored by sectors such as the HoReCa industry, Quick Service Restaurants (QSR), the food, beverage and dairy industry, etc. Our Company was originally incorporated as “Glen Stationery Private Limited” for manufacturing all kinds of stationery and printing materials. In the year 2019 our Company commenced manufacturing operation of Thin Wall Food Containers with a production capacity of 195 MT/month and with constant expansion and up-gradation of technology, our capacity currently stands at 665 MT/month running at its maximum capacity. Company also diversified into manufacturing paper straws and PLA straws in the year 2019 with a modest capacity of 21.75 MT/month and 40.60 MT/month respectively. In the year 2022 our company ventured into manufacturing of U shape straws for the beverage and dairy industry made from Paper and PLA. Present capacity of the PLA straws stands at 160 MT/month and for the paper straws capacity stands at 95 MT/month. Our Company reaffirming its dedication to meeting the escalating domestic and international demand with the unveiling of an ambitious project—an advanced manufacturing facility in Dhulagarh, Howrah, West Bengal spanning nearly 90,000 square feet, this facility is poised to be a key asset, empowering the company to elevate its production capacity and fortify its competitive advantage. Our production facility is fully equipped with micro-processor controlled All Electric injection moulding machines imported from Japan and China. Our cutting-edge facility is complemented by our well trained, professional and experienced staff who play a significant role in maintaining the quality. Every stage of operation from inspection of raw materials to production line operations, from printing/labelling & packing to logistics is dominated by an uncompromising adherence to quality standards. Read More

Basic Info

Face Value 10 per share

Price 92  to  97 per share

P/E (x) 9.3

Sales( Cr.) 171

PAT( Cr.) 18

EPS 10.4

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Lalit Agrawal Lata Agrawal Nikhil Agrawal Niyati Seksaria

Pre Issue Share Holding 100%

Post Issue Share Holding 73%

Listing Details:

Listing Price: 157

Listing Gain: 38.22%

Current Price: 70.4

Gain On Issue: 70.4 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jul 08, 2025
Closing Date Jul 10, 2025
Allotment Jul 11, 2025
Refund Jul 14, 2025
Delivery of Shares Jul 14, 2025
Listing Date Jul 15, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2400 232,800
Retail (Max) -- -- --
S-HNI (Min) 1 2400 232,800
S-HNI (Max) 4 9600 931,200
B-HNI (Min) 5 12000 1,164,000

Objective of the Issue

1. For Setting up a new manufacturing facility at Purba Bardhaman, PS – Jamalpur, Gram Panchayat: Jougram, Mouza – Jaugram, JL no 114, West Bengal 713166 2. General Corporate Purpose

Issue

Category Nos Bid Bid (x)
QIB 1204800 231871200 192.5x
NII 1231200 431809200 350.7x
Retail 2107200 474376800 225.1x
EMP 153600 55200 0.4x
Total 4696800 1138112400 242.3x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

GLEN Industries Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 94 119 145 171
Other Income 3 1 1 1
Total Income 97 120 145 171
Total Expenditure 83 103 120 130
Operating Profit 14 17 25 41
Interest 4 6 7 9
Depreciation 5 6 6 7
Exceptional Income / Expenses 0 -3 0 0
Profit Before Tax 5 3 12 25
Provision for Tax 1 1 3 6
Profit After Tax 4 1 9 18
Adjustments 0 0 0 0
Profit After Adjustments 4 1 9 18
Adjusted Earnings Per Share 2.1 0.8 4.9 10.4

GLEN Industries Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 23 36 45 58
Minority's Interest 0 0 0 0
Borrowings 36 35 32 49
Other Non-Current Liabilities 5 6 8 7
Total Current Liabilities 53 60 75 100
Total Liabilities 116 137 160 214
Fixed Assets 55 73 80 108
Other Non-Current Assets 3 2 3 3
Total Current Assets 58 62 77 104
Total Assets 116 137 160 214

GLEN Industries Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 1 1 0
Cash Flow from Operating Activities -14 11 14 5
Cash Flow from Investing Activities -22 -15 -14 -34
Cash Flow from Financing Activities 34 4 -0 30
Net Cash Inflow / Outflow -2 0 -1 1
Closing Cash & Cash Equivalent 1 1 0 1

GLEN Industries Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.09 0.85 4.88 10.4
CEPS(Rs) 4.83 4.25 8.53 14.59
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 10.19 11.03 15.92 26.32
Core EBITDA Margin(%) 11.53 13.74 17.01 23.64
EBIT Margin(%) 9.46 6.97 13.08 19.69
Pre Tax Margin(%) 5.36 2.22 7.98 14.43
PAT Margin (%) 3.92 1.25 5.94 10.7
Cash Profit Margin (%) 9.03 6.28 10.37 15.02
ROA(%) 3.16 1.17 5.77 9.75
ROE(%) 20.56 7.97 36.24 49.24
ROCE(%) 9.36 8.27 16.63 22.36
Receivable days 59.58 48.8 54.38 61.28
Inventory Days 115.07 101.13 98.27 108.14
Payable days 33.96 35.09 43.18 36.81
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.79 0.7 0.65 0.87
EV/Core EBITDA(x) 5.44 4.89 3.71 3.62
Net Sales Growth(%) 0 26.63 21.58 18.1
EBIT Growth(%) 0 -6.6 127.99 77.82
PAT Growth(%) 0 -59.61 477.51 112.91
EPS Growth(%) 0 -59.62 477.55 112.91
Debt/Equity(x) 3.19 3.39 2.72 2.87
Current Ratio(x) 1.09 1.03 1.02 1.03
Quick Ratio(x) 0.53 0.43 0.47 0.44
Interest Cover(x) 2.31 1.47 2.56 3.75
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 18% 22% 0% 0%
Operating Profit CAGR 64% 43% 0% 0%
PAT CAGR 100% 65% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 49% 31% 29% 29%
ROCE Average 22% 16% 14% 14%

Company Contact Information

GLEN Industries Ltd.

Shikha Sureka

+91 9831087598

info@glen-india.com

Rajveena, 2nd Floor 50 A, Block- C New Alipore

IPO Lead Manager(s)

GLEN Industries Ltd.

GYR Capital Advisors Pvt Ltd.

Registrar Info

GLEN Industries Ltd.

K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)

Karvy Selenium Tower B, Plot 31-32 Gachibowli,Financial District, Nanakramguda Hyderabad – 500032 Tel. No. 040 67161500 Fax. No. 040 23001153 E-mail: einward.ris@karvy.com Website: www.karvy.com Toll Free No. of exclusive Call Centre:1-800-345001

040 - 67162222/18003094001

einward.ris@kfintech.com

https://www.kfintech.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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