The Initial Public Offering (IPO) will conclude on July 10, and the company’s shares will be listed on the SME platform of BSE, Glen Industries said in a statement.
The public issue is entirely a fresh issue of up to 64.97 lakh equity shares.
Proceeds from the issue will be utilised to set up a new manufacturing facility at Purba Bardhaman, West Bengal and for general corporate purposes.
Incorporated in 2007, Glen Industries is engaged in the manufacturing of eco-friendly food packaging and service products.
The company specialises in producing thin-wall food containers and compostable straws, serving sectors such as hotels, restaurants, cafes/catering (HoReCa), beverage, and the food packaging industry. It exports its products to Europe, the USA, Australia, the Middle East, and Africa. Glen Industries reported a revenue of Rs 170.66 crore and profit after tax of Rs 18.27 crore in FY25.
GYR Capital Advisors is the sole book-running lead manager, and Kfin Technologies is the registrar for the IPO.
