Glen industry IPO opens for auction, applying 21% on 1st day; This is what GMP indicates

Mumbai: Initial public stockings (IPO) Products environmentally friendly food 8, 202.02 crore is worth 6.49 million shares. No offer for sale (of) ingredients in this public issue.

Story Application Day 1 Day: 21 percent that books

By 11am, IPO has been offered 9,99,600 shares per 419 million shares purchases available for 21 percent subscriptions.

Responsible retail investors, apply 35 percent of its receiving part.

Non-institutional investors (NIIS) followed by 22 percent subscriptions.

Quality institutions buyer (QBSS), however, does not configure any of the latest updates.

Price bar, very scale

The company set the price bar of Rs 92-Rs 97 per share.

More scale: 1,200 shares

Retail Investors can bid at least two (2,400 shares), with cost 2,32,800 at the top bar.

HNIS (Each high-value person) must be invested at least 3,49,200 rupees for 3 lots (3,600 shares).

Important date and schedule in the list

IPO closing date: July 10th, 2025

Basics of Sharing: Expected on July 11, 2025

List on BSE SM: tentatristly on July 15, 2025

Strong gray market fee (GMP)

IPO is commanding 25 holes £ 25 £ 252 per cent prices complicated 25.77 percent. This represents a strong interest from an informal market.

Using the IPO Prosts

According to the red herring supplement (RHP), the quality industry uses:

Rs 47.7 crore in setting a new manufacturing place at Jougram, Puba Bardhaman, West Bengal. The rest for the purpose of the general company.

About Glen Industry

Set up in 2007, Glen industry makes environmental friendly food packages and service products, including:

– containing some food food

– PLA (polypactic acid) straws

– paper straps

Its products serve Horeca (hotels, restaurants, restaurants, as well asrah, west bengal.

(Disorder: This article is for only information purposes