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GLEN Industries Ltd.

IPO Details
  • Issue Type Book building
  • Price range
  • Market Lot
  • Total Equity Shares 6500000
  • Face Value Rs. 10
  • Listing Date
IPO Timeline
Opening date
Closing date
Listing Date

IPO Details

We are engaged in the manufacturing of diverse range of Food packaging and Service Products primarily Thin Wall Food Containers,Polylactic Acid (PLA) Straws and Paper Straws all mainly supplied to the Hotel, Restaurant, and Café/Catering (HoReCa) sector,Beverage industry and food packaging industry. Our extensive product lineup, available in various shapes and sizes, is widelyfavored by sectors such as the HoReCa industry, Quick Service Restaurants (QSR), the food, beverage and dairy industry, etc. OurCompany was originally incorporated as “Glen Stationery Private Limited” for manufacturing all kinds of stationery and printingmaterials. In the year 2019 our Company commenced manufacturing operation of Thin Wall Food Containers with a productioncapacity of 195 MT/month and with constant expansion and up-gradation of technology, our capacity currently stands at 665MT/month running at its maximum capacity. Company also diversified into manufacturing paper straws and PLA straws in the year2019 with a modest capacity of 21.75 MT/month and 40.60 MT/month respectively. In the year 2022 our company ventured intomanufacturing of U shape straws for the beverage and dairy industry made from Paper and PLA. Present capacity of the PLA strawsstands at 160 MT/month and for the paper straws capacity stands at 95 MT/month. Our Company reaffirming its dedication tomeeting the escalating domestic and international demand with the unveiling of an ambitious project—an advanced manufacturingfacility in Dhulagarh, Howrah, West Bengal spanning nearly 90,000 square feet, this facility is poised to be a key asset, empoweringthe company to elevate its production capacity and fortify its competitive advantage. Our production facility is fully equipped withmicro-processor controlled All Electric injection moulding machines imported from Japan and China. Our cutting-edge facility iscomplemented by our well trained, professional and experienced staff who play a significant role in maintaining the quality. Everystage of operation from inspection of raw materials to production line operations, from printing/labelling & packing to logistics isdominated by an uncompromising adherence to quality standards.

Projects

1. Project Name: Setting Up a new manufacturing facility at Purba Bardhaman, PS – Jamalpur, Gram Panchayat: Jougram,

Project Cost: 480

Promoters

Prmoters Name

1. Lalit Agrawal

2. Lata Agrawal

3. Nikhil Agrawal

4. Niyati Seksaria

Prmoters Holdings
  • Pre Share Capital: 17564570
  • Pre Promoter Holding: 100
  • Offer to Public: 6500000
  • Post Share Capital:
  • Post Promoter Holding:

Registrar

Registrar Name:Karvy Computershare Pvt Ltd
Phone: 91-040-67161500
Email: einward.ris@karvy.com
Website: www.karvy.com

Lead Managers

  • GYR Capital Advisors Pvt Ltd.

Subscription Details