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The GMP of the GLEN Industries IPO stands at 36.08%, indicating strong sentiment among investors.
GLEN Industries IPO GMP Today.
GLEN Industries IPO GMP Day 3: The initial public offering of GLEN Industries Ltd is going to be closed today, Thursday, July 10. The price band of the BSE SME IPO, which aims to raise Rs 63.02 crore, has been fixed at Rs 97 apiece. Till 11:39 am the last day of bidding on Thursday, the issue received a 43.20 times subscription, garnering bids for 18,88,39,200 shares as against the 43,71,600 shares on offer.
The retail and NII participation stood at 54.59x and 79.19x, respectively. The QIB category also received a 1.69x subscription.
The IPO’s grey market premium (GMP) also stood at 36.08%, indicating strong sentiment among investors.
The three-day IPO was opened on July 8.
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GLEN Industries Ltd, founded in 2007, manufactures eco-friendly food packaging products like thin-wall containers and compostable straws, serving global HoReCa and beverage sectors with a new 90,000 sq. ft. facility in Dhulagarh.
GLEN Industries IPO GMP Today
According to market observers, unlisted shares of GLEN Industries Ltd are currently trading at Rs 132 against its upper IPO price of Rs 97. It means a grey market premium or GMP of Rs 35, which is 36.08% over its issue price, indicating strong listing gains.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
GLEN Industries IPO Price And Lot Size
The price of the IPO has been fixed at Rs 97 apiece.
Its minimum lot size is 1,200. It means investors will have to apply for a minimum of 1,200 shares or in multiple thereof.
Retail investors require a minimum capital of Rs 2,20,800 to apply for the IPO.
GLEN Industries IPO Allotment And Listing Dates
The basis of allotment of the GLEN Industries IPO will be finalised on Friday, July 11.
Its listing will take place on July 15, on both the BSE SME platform.
GLEN Industries IPO: More Info
The IPO, which is a bookbuilding of Rs 63.02 crore, is entirely a fresh issue of 64.97 lakh shares.
It includes a reservation of up to 1,53,600 shares for employees offered at a discount of Rs 5 to the issue price.
The company’s revenue increased by 18% and profit after tax (PAT) rose by 113% between the financial year ending with March 31, 2025 and March 31, 2024.
GYR Capital Advisors Private Limited is the book-running lead manager of the GLEN Industries IPO, while Kfin Technologies Limited is the registrar for the issue.The market maker for GLEN Industries IPO is Giriraj Stock Broking Private Limited.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
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