📢 Glen Industries IPO Opens Today – Key Things to Know

IPO Dates: • Opens: July 8 • Closes: July 10 • Listing: July 15 on BSE SME About the IPO: • Total Issue Size: ₹63 crore • Price Band: ₹92 – ₹97 per share • Fresh Issue: 64.96 lakh shares • Allotment Date: July 11 Anchor Investor Boost: • Raised ₹17.46 crore from 12 anchor investors • HDFC Bank, Aarth AIF, SB Opportunities Fund, and others participated • Largest buyers: Bharat Venture Fund (4.12 lakh shares), Swyom India, and Sanshi Fund How IPO Money Will Be Used: • ₹47.73 Cr to build a new factory in Jamalpur, West Bengal • Rest for general corporate use & expenses What Glen Industries Does: A Kolkata-based maker of: • Thin-wall food containers • Compostable & paper straws • Supplies to hotels, restaurants, cafes, and food packaging brands Bottom Line: Glen Industries is tapping the SME market with strong backing from known investors. If you're eyeing the IPO, watch for listing-day action and how well demand holds during the subscription window.