Glen Industries Share Price Soars 62% on Bumper Market Debut

Market Performance

Glen Industries shares made a stellar debut on July 14, 2025, on the BSE SME platform.

The stock opened at ₹157 per share, registering a sharp 61.86% premium over the IPO issue price of ₹97 per share.

This remarkable listing reflects the strong demand and investor confidence seen during the IPO process.

Main News

The IPO of Glen Industries, which aimed to raise ₹63.02 Crore, was an entirely fresh issue of 64.96 lakh shares priced between ₹92 and ₹97 per share.

• The issue was subscribed to 242 times during its bidding window from July 8 to July 10.
• Non-institutional investors led the charge, booking their quota over 350 times.
• Retail investors followed, subscribing over 225 times.
• Qualified institutional buyers subscribed over 192 times.

This overwhelming response resulted in one of the most successful SME listings of the year.

Company Details

Glen Industries operates in the food packaging and service products segment, catering primarily to the food & beverage and food packaging industries.

Before its public offering, the company had raised ₹17.46 Crore on July 7 via an anchor round.

This was achieved by allotting 18 lakh shares to 12 prominent institutional investors, including:

• HDFC Bank
• Aarth AIF Growth Fund
• Nine Alps Trust
• Sanshi Funds
• Mili Capital Investment Trust
• Swyom India Alpha Fund

IPO Allotment and Returns

At the upper price band of ₹97, the minimum lot size for investors was 1,200 shares, requiring an investment of ₹1,16,400.

• At the listing price of ₹157, the same lot is valued at ₹1,88,400.
• This translates to a listing gain of ₹72,000 per lot.

Such substantial gains have made Glen Industries one of the most watched SME listings this quarter.

Use of IPO Proceeds

Glen Industries plans to utilise the ₹47.73 Crore IPO proceeds as follows:

• Setting up a new manufacturing facility at Jamalpur, West Bengal.
• The balance of the proceeds will be used to meet general corporate requirements.

Summary of the Article

Glen Industries' share price has made headlines with a 62% premium listing on the BSE SME platform.

The IPO was heavily oversubscribed, witnessing 242x overall demand, with strong participation from non-institutional, retail, and institutional investors alike.

The company's business in food packaging and expansion plans signal solid fundamentals that fueled the successful listing.

With such a significant debut, Glen Industries' share price is likely to remain in the spotlight among SME investors and market watchers.