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IPO Synopsis

GLEN Industries Ltd
  • 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 upto 64,96,800 equity shares of face value of Rs. 10/- each ("equity shares") of glen industries limited (the "company" or "gil" or "issuer") at an issue price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) for cash, aggregating up to Rs. [*] crores ("public issue") out of which upto 3,25,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion") and upto 1,53,600 equity shares aggregating up to Rs. [*] crores for subscription by eligible employees (as defined hereinafter) (the "employee reservation portion"). the public issue less market maker reservation portion and employee reservation portion i.e. issue of upto 60,18,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. [*] per equity share for cash, aggregating upto Rs. [*] crores is herein after referred to as the "net issue". the public issue and net issue will constitute [*]% and [*]% respectively of the post- issue paid-up equity share capital of the company. Price Band: Rs. 92 to Rs. 97 per equity share of face value of Rs. 10 each. The floor price is 9.2 times of the face value and the cap price is 9.7 times of the face value. Bidscan be made for the minimum of 1200 equity shares and in multiples of 1200 equity shares thereafter. A discount of Rs. 5 per equity shares is being offered to eligible employees bidding in the employee reservation portion.
Issue
Opens On Closes On
08-Jul-25 10-Jul-25
Money Payable On
Application Allotment
92.00 0.00
Minimum Application for shares in Nos : 2400 Further Multiples of : 1200
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 0.00 GYR Capital Advisors Pvt Ltd
Project Financed through Current Offer (.Cr) 59.77  
Post Issue Equity Share Capital (.Cr) 24.06
Issue Price () 92.00
Projects
Setting up a new mfg facility at
General corporate purposes
Promoted By
Lalit Agrawal
Lata Agrawal
Nikhil Agrawal
Listing At
BSE - SME
Registrar to the Issue
KFin Techologies Ltd
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