The Indian SME IPO market has witnessed another spectacular oversubscription as Glen Industries sold its shares in the range of ₹92-97 apiece to raise ₹63.02 crore between July 8-10. This remarkable response from investors has created a buzz in the market, with allotment results expected today.
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Glen Industries IPO: A Phenomenal Success Story
The Kolkata-based company’s IPO has become the talk of the town, drawing massive investor interest that resulted in bids worth over ₹11,000 crore against the modest ₹63 crore offering. This represents an incredible oversubscription, highlighting the strong appetite for quality SME investments in the current market scenario.
Key IPO Details at a Glance
| Parameter | Details |
|---|---|
| Company | Glen Industries Limited |
| Issue Size | ₹63.02 crore |
| Price Band | ₹92 – ₹97 per share |
| Lot Size | 1,200 shares |
| Minimum Investment | ₹1,16,400 (2 lots) |
| Subscription Period | July 8-10, 2025 |
| Allotment Date | July 11, 2025 |
| Listing Date | July 15, 2025 |
| Platform | BSE SME |
Current Market Sentiment and GMP Analysis
The Grey Market Premium (GMP) for Glen Industries has been showing strong momentum. As of July 11, 2025, Glen Industries IPO GMP stood at ₹45, with an estimated listing price of ₹142, representing a 46.39% gain per share over the upper price band.
Different sources report varying GMP figures, with some indicating a GMP of ₹25 per share as of July 9, 2025, suggesting a potential listing price of ₹122 per share (25.77% above the upper price band). This variation reflects the dynamic nature of grey market trading and investor sentiment.
How to Check Your Allotment Status
Method 1: Registrar Website
Visit the official registrar’s website (Link Intime India) and follow these steps:
- Select “Glen Industries IPO” from the dropdown
- Enter your PAN number or application number
- Fill in the captcha and click “Search”
Method 2: BSE Website
- Go to the BSE official website
- Navigate to the “Investors” section
- Select “IPO” and then “Allotment Status”
- Choose Glen Industries from the list and enter your details
Company Performance and Growth Trajectory
Glen Industries has demonstrated impressive financial performance. In the financial year ending March 31, 2025, Glen Industries reported a net profit of ₹18.27 crore with revenue of ₹171.28 crore. For the previous financial year 2023-24, the company recorded a net profit of ₹8.58 crore on revenue of ₹145.22 crore.
This represents a remarkable 113% growth in net profit and 18% growth in revenue, showcasing the company’s strong operational efficiency and market position.
Fund Utilization and Future Plans
The company plans to utilize the IPO proceeds strategically for expansion. The net proceeds from the fresh issue will be used to set up a new manufacturing facility at Purba Bardhaman, PS – Jamalpur, which will significantly enhance their production capacity and market reach.
Investment Considerations
Positives:
- Strong financial performance with consistent growth
- Oversubscribed IPO indicating strong investor confidence
- Positive GMP suggesting potential listing gains
- Established market presence in the manufacturing sector
Risks:
- SME investments carry higher volatility
- Market conditions can affect listing performance
- Competition in the manufacturing space
What’s Next for Investors?
With allotment finalized on July 11, 2025, and listing expected on the BSE SME by July 15, 2025, investors are eagerly awaiting the listing performance. The strong subscription and positive GMP indicate potential gains, but investors should conduct thorough research before making investment decisions.
For more insights on upcoming IPOs and market trends, stay connected with TechnoSports.co.in for the latest updates and analysis.
The Indian SME IPO market continues to show remarkable growth, with companies like Glen Industries leading the charge. For official market information and regulatory updates, investors can refer to the BSE SME platform for comprehensive details.
Frequently Asked Questions
1. What is the current GMP for Glen Industries IPO and what does it indicate?
The Grey Market Premium (GMP) for Glen Industries IPO varies between ₹25-₹45 per share as of July 11, 2025, depending on the source. This suggests a potential listing price between ₹122-₹142, indicating possible gains of 25-46% over the upper price band of ₹97. However, GMP is speculative and actual listing prices may differ based on market conditions.
2. How can I check if I’ve been allotted shares in the Glen Industries IPO?
You can check your allotment status through two primary methods: (1) Visit the registrar’s website (Link Intime India) and enter your PAN or application number, or (2) Check on the BSE official website under the IPO allotment section. The allotment was finalized on July 11, 2025, and successful applicants will receive shares in their demat accounts before the listing date of July 15, 2025.
