News Details

( As on 04/07/2025 07:00)

GLEN Industries announces launch of initial public offering

GLEN Industries Ltd. has announced public offering of 6496800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 87.00 per share. The gross proceeds of the issue are expected to be Rs 6,301.90 lakhs.

The company's initial public offer (IPO) will open on 08 July 2025 and is expected to close on 10 July 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 92.00-97.00 per share.

The IPO includes a fresh Issue of 6496800 Equity Shares of the Company at an price of Rs 97.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

GLEN Industries Ltd. anticipates using the proceeds of the issue for Jougram, Mouza – Jaugram, JL no , West Bengal General Corporate Purpose.

GYR CAPITAL ADVISORS PRIVATE LIMITED as lead manager & KFin Technologies Ltd. is the registrar, to the issue.