Latest news with #GLEN
Time of India
15-07-2025
- Business
- Time of India
Glen Industries shares list at 62% premium over IPO price on BSE SME platform
Shares of Glen Industries listed at Rs 157 on the BSE SME platform on Tuesday, delivering a premium of 61.86% over the IPO price of Rs 97. The Rs 63.02 crore IPO, consisting entirely of a fresh issue of 64.97 lakh shares, received a robust response from investors, getting subscribed 260.28 times, making it one of the most oversubscribed SME IPOs this month. The company raised Rs 17.46 crore from anchor investors ahead of the offer. The strong demand came primarily from non-institutional investors (NIIs), whose quota was booked 476.25 times, followed by 225.15 times in the retail category and 192.46 times from qualified institutional buyers (QIBs). In the grey market, the IPO is currently commanding a GMP of Rs 49, suggesting a likely listing premium of around 51% over the issue price. What the company does Incorporated in 2007, GLEN Industries manufactures eco-friendly food packaging and service products. Its main products include thin-wall food containers and compostable straws, catering to the food and beverage industry both domestically and globally. It exports to markets such as Europe, the US, Australia, the Middle East, and Africa. The company recently expanded operations with a new 90,000 sq ft facility in West Bengal to meet growing demand. Financial performance GLEN posted a 113% YoY jump in net profit to Rs 18.27 crore for FY25, while EBITDA rose to Rs 40.43 crore, up from Rs 24.87 crore in the previous year. Its EBITDA margin stands at 23.6%, and the return on net worth (RoNW) is 45.43%, reflecting strong operating leverage. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
GMA Network
01-07-2025
- Entertainment
- GMA Network
Chelsea Manalo addresses recent sightings with rumored BF Cole Micek
Is Chelsea Manalo in a relationship with Cole Micek? In a message sent to GMA News Online, the reigning Miss Universe Asia addressed her recent public sightings together with the Filipino-American model and athlete. 'We work in different countries so we still make sure we have the time to talk and learn from each other. As what everyone see on videos of us together in public, that's the pace we are in. Just private but not a secret,' Chelsea simply said. Chelsea and Cole were both featured in the maiden issue of GLEN, a new digital magazine. The two were present during its launching event. Last month, they were also together during MEGA Ball 2025, which happened at Marquis Events Place in Taguig City. Chelsea represented the Philippines in Miss Universe 2024, where she was named Miss Universe Asia and received the Best National Costume award for her religion-themed ensemble called Hiraya. Meanwhile, aside from modeling, Cole is a basketball player who plays for the Macau Black Bears in The Asian Tournament. — LA, GMA Integrated News
