Glen Industries IPO Subscribed 242×; Allotment Today, Listing on July 15

Here’s the breakdown of what happened: IPO Details: • Company: Glen Industries (Food packaging & service products maker) • IPO Size: ₹63.02 Cr • Shares Offered: 64.96 lakh • Price Band: ₹92–₹97 per share • IPO Dates: July 8–10 • Type: 100% fresh issue (all funds go to the company) Massive Investor Demand: • Total Subscription: 242.32 times • Bids Received: 113.81 Cr shares for 46.96 lakh on offer • Applications: ~2.43 lakh Category-wise demand: • Retail: 225.12× • Non-Institutional Investors: 350.72× • Qualified Institutional Buyers (QIBs): 192.46× Anchor Investment (July 7): Raised ₹17.46 Cr from 12 institutions including HDFC Bank, Aarth AIF, Nine Alps Trust, etc. Key Dates: • Allotment Finalisation: July 11 • Listing on BSE SME: July 15 Use of Funds: • ₹47.73 Cr to set up new plant in Jamalpur, West Bengal • Remaining for general corporate purposes Strong demand signals big interest in the SME space. Watch out for its BSE SME debut on July 15.