Latest news with #GlenIndustries
Business Standard
15-07-2025
- Business
- Business Standard
BSE SME Glen Industries' market entry whets investor appetite
Shares of Glen Industries was trading at Rs 160 on the BSE, a premium of 64.95% compared with the issue price of Rs 97. The scrip was listed at Rs 157, a premium of 61.86% compared with the initial public offer (IPO) price. The stock is currently up 1.97% over its listing price. The counter hit a high of Rs 164.85 and a low of Rs 149.50. About 31.91 lakh shares of the company changed hands at the counter. Glen Industries' IPO was subscribed 242.32 times. The issue opened for bidding on 8 July 2025 and it closed on 10 July 2025. The price band of the IPO was set at Rs 92 to Rs 97 per share. The IPO comprised fresh issue of 64,96,800 equity shares. The company intends to utilize the net proceeds for setting up a new manufacturing facility at Purba Bardhaman, PS Jamalpur, West Bengal and general corporate purposes. Ahead of the Glen Industries on 7 July 2025, raised Rs 17.46 crore from anchor investors. The board has allotted 18 lakh shares at Rs 97 per share to 12 anchor investors. Glen Industries is engaged in the manufacturing of a diverse range of food packaging and service products, primarily thin-wall food containers, polylactic acid (PLA) straws, and paper straws. These products are mainly supplied to the hotel, restaurant, and cafcatering (HoReCa) sector, the beverage industry, and the food packaging industry. The companys extensive product lineup, available in various shapes and sizes, is widely favored by sectors such as the HoReCa industry, quick service restaurants (QSR), and the food, beverage, and dairy industries. As of 31 May 2025, the company had 306 permanent employees. The company recorded revenue from operations of Rs 170.66 crore and net profit of Rs 18.27 crore for the period ended 31 March 2025.
Economic Times
15-07-2025
- Business
- Economic Times
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. ADVERTISEMENT 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. 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 company recently expanded operations with a new 90,000 sq ft facility in West Bengal to meet growing 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) (You can now subscribe to our ETMarkets WhatsApp channel)
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)
Economic Times
15-07-2025
- Business
- Economic Times
Glen Industries shares to list today. Check GMP ahead of debut
What the company does Live Events Financial performance (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Glen Industries are set to debut on the BSE SME platform on Tuesday following a strong response to its Rs 63.02 crore IPO. The public issue, entirely a fresh offer of 64.97 lakh shares, was subscribed a massive 260.28 times, making it one of the most oversubscribed SME IPOs of the IPO was priced at Rs 97 per share, and 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 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 company recently expanded operations with a new 90,000 sq ft facility in West Bengal to meet growing 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.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
15-07-2025
- Business
- Time of India
Glen Industries shares to list today. Check GMP ahead of debut
Shares of Glen Industries are set to debut on the BSE SME platform on Tuesday following a strong response to its Rs 63.02 crore IPO. The public issue, entirely a fresh offer of 64.97 lakh shares, was subscribed a massive 260.28 times, making it one of the most oversubscribed SME IPOs of the month. The IPO was priced at Rs 97 per share, and 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). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Many Are Watching Tariffs - Few Are Watching What Nvidia Just Launched Seeking Alpha Read More Undo 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. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. 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. Live Events 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)
