Glen Industries Launches ₹63 Crore SME IPO to Expand Sustainable Packaging Business

Glen Industries Launches Rs 63 Crore SME IPO

Image Credits: Glen Industries

Glen Industries is identified for its sustainable packing solutions, and has launched its Rs 63 crore primary public offering (IPO). This IPO is a completely fresh subject of 64,96,800 equity shares, with a price band set between Rs 92 and Rs 97 per share. Retail stockholders must put on for a least two lots, equal to 2,400 stocks, necessitating a minimum asset of Rs 2,32,800. Small Non-Institutional Investors (sNII) and Big Non-Institutional Investors (bNII) must put on for a least three masses, valued at Rs 3,49,200. A total of 1.53 lakh shares have been reserved for workers at a Rs 5 discount per stake.

The primary unbiased objective of the IPO is to account for the formation of a new engineering capacity, with Rs 47.73 crore owed for this drive. The outstanding funds will cover IPO incidentals and overall business requirements. Glen's business goal is to significantly enlarge its processes, leveraging its current custom base that comprises main brands like Dabur, Amul, Coca-Cola, and ITC.

Glen Industries is situated to capitalize on the mechanical change in the direction of sustainable packing, driven by favourable supervisory developments such as a ban on single-use plastics and increasing ESG awareness. It expanded and certified a product portfolio, including PLA and paper-based packaging is well-associated with the acquiescence necessities of large dairy players, QSR, and beverage expressed Arihant Capital Markets.

In the financial year wind-up March 31, 2025, Glen Industries reported a net income of Rs 18.27 crore with a profit of Rs 171.28 crore. For the earlier financial year 2023-24, the corporation verified a net revenue of Rs 8.58 crore on income of Rs 145.22 crore. This imposing development trajectory sites Glen Industries as an auspicious speculation opening with a marketplace capitalisation anticipated at Rs 233.40 crore post-IPO.

Glen Industries' strategies to attain Rs 500 crore in income post-commissioning of its new capability by FY26, with a long-term aim of Rs 1,000 crore by 2030. The corporation now exportations to over 19 countries, comprising Australia, the US, and the UK.

Advanced profits for FY24 and beyond raise questions around the corporation's practicality as it contends in an extremely uneven marketplace. Current monetary results propose that the problem is completely valued, it expressed.

The grey industry top for Glen Industries stocks is presently Rs 25, representing potential list improvements of 26% for depositors. The corporation effectively raised Rs 17.46 crore from 12 anchor depositors, comprising protruding funds like HDFC Bank and Paradise Moon Investment Fund, by issuing 18 lakh shares at Rs 97 each.

Kunvarji Wealth expressed, "We recommend subscribing to this IPO with a medium to long-term view. Glen Industries manufactures and markets a wide variety of food packaging and service items. Both its top and bottom lines showed an increase over the periods under review."