The Glen Industries IPO is a book-building value Rs 63 crore. The BSE SME IPO includes completely a contemporary difficulty of 64.97 lakh shares. The IPO is open for bidding from Tuesday to Thursday. The IPO worth band has been set at Rs 92 to Rs 97 per share and every lot dimension includes 1,200 shares.
In accordance with Agrawal, the corporate’s manufacturing capability presently stands at 665 tonnes per 30 days for thin-wall meals containers, 110 tonnes for paper straws and 120 tonnes for PLA straws.
“So far as the highest line is worried, we consider that after the brand new facility is ready up, we shall be multiplying our turnover. At current, we’ve got finished Rs 170 crore. Within the present yr, possibly round Rs 200 crore we are going to do. And after the brand new setup is in operation, will probably be nearly two and a half occasions that,” he mentioned.
When requested about how quickly this new capability shall be operational, Agrawal mentioned that it’s anticipated to be up and working by January 2026.
“Once we arrange the brand new facility, we shall be nearly multiplying the meals container capability from 665… it’s going to go to nearly 1,900 to 2,000 metric tonnes per 30 days. And within the paper area, we shall be increasing across the capability of 700–750 metric tonnes per 30 days,” he defined.
Commenting on the corporate’s long-term progress outlook, Agrawal emphasised that Glen Industries will profit from the anticipated double-digit CAGR progress within the quick-service-restaurant trade over the subsequent 5–seven years.
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