IPO IPO-Synopsis
GLEN Industries Ltd

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Registered Office: Rajveena 2nd Flr 50A Block-C,New Alipore , Kolkata - 700053 , West Bengal , India.
Phone : +91 98747 75191   Fax:
Email :  info@glen-india.com  
Website :  www.glen-india.com
Initial public offer of 64,96,800 equity shares of face value of Rs10/- each ("Equity Shares") of Glen Industries Limited (the "Company" or "Gil" or "issuer") at an issue price of Rs97 per equity share (including a share premium of Rs87 per equity share) for cash, aggregating Rs62.94 crores ("Public Issue") out of which 3,25,200 equity shares of face value of Rs10/- each, at an issue price of Rs97 per equity share for cash, aggregating Rs3.15 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion") and 1,53,600^ equity shares aggregating Rs1.41 crores for subscription by eligible employees (as defined hereinafter) (the "Employee Reservation Portion"). The company in consultation with the brlm, offered a discount equivalent of Rs5/- per equity share to the eligible employees bidding in the employee reservation portion ("Employee Discount") the public issue less market maker reservation portion and employee reservation portion i.e. issue of 60,18,000 equity shares of face value of Rs10 each, at an issue price of Rs97 per equity share for cash, aggregating Rs58.37 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 27.00% and 25.01% respectively of the post-issue paid-up equity share capital of the company. ^A discount of Rs5 per equity share was offered to eligible employee bidding in the employee reservation portion.

Issue Money Payable On
Opens On Closes On Application Allotment
08-Jul-25 10-Jul-25 Rs97.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :2400  Further Multiples of :1200

  Rs Cr Lead Managers to the Issue
Project Cost 56.59
GYR Capital Advisors Pvt Ltd
Project Financed through Current Offer 63.02  
Post Issue Equity Share Capital 24.06  
Issue Price Rs97.00  
Projects
Setting up a new mfg facility atGeneral corporate purposes
Promoted By
Lalit Agrawal
Lata Agrawal
Nikhil Agrawal
Listing At
BSE - SME 
Registrar to the Issue
KFin Techologies Ltd