IPO Synopsis

GLEN Industries Ltd

Registered Office: Rajveena 2nd Flr 50A Block-C,New Alipore, Kolkata - 700053, West Bengal, India. Phone : +91 98747 75191   Fax: Email : info@glen-india.com Website :www.glen-india.com

Initial public offer of 64,96,800 equity shares of face value of Rs. 10/- each ("Equity Shares") of Glen Industries Limited (the "Company" or "Gil" or "issuer") at an issue price of Rs. 97 per equity share (including a share premium of Rs. 87 per equity share) for cash, aggregating Rs. 62.94 crores ("Public Issue") out of which 3,25,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 97 per equity share for cash, aggregating Rs. 3.15 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion") and 1,53,600^ equity shares aggregating Rs.1.41 crores for subscription by eligible employees (as defined hereinafter) (the "Employee Reservation Portion"). The company in consultation with the brlm, offered a discount equivalent of Rs. 5/- per equity share to the eligible employees bidding in the employee reservation portion ("Employee Discount") the public issue less market maker reservation portion and employee reservation portion i.e. issue of 60,18,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 97 per equity share for cash, aggregating Rs. 58.37 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 27.00% and 25.01% respectively of the post-issue paid-up equity share capital of the company. ^A discount of Rs. 5 per equity share was offered to eligible employee bidding in the employee reservation portion. Issue Opens On Closes On 08-Jul-25 10-Jul-25 Money Payable On Application Allotment 97.00 0.00 Minimum Application for shares in Nos : 2400 Further Multiples of : 1200 Cr Lead Managers to the Issue Project Cost (.Cr) 56.59 GYR Capital Advisors Pvt Ltd Project Financed through Current Offer (.Cr) 63.02   Post Issue Equity Share Capital (.Cr) 24.06 Issue Price () 97.00

Projects

Setting up a new mfg facility at General corporate purposes

Promoted By

Lalit Agrawal

Lata Agrawal

Nikhil Agrawal

Listing At

BSE - SME

Registrar to the Issue

No Data Available