GLEN Industries IPO Allotment Today: Check Status, GMP And Listing Date
The SME issue received a fantastic response from the investors as the issue was booked over 260 times.
The initial public offering (IPO) of GLEN Industries was subscribed 260.28 times on the third day of bidding on Thursday, July 10. The BSE SME issue received bids for 1,13,78,42,400 shares against 43,71,600 shares on offer. The allotment for the GLEN Industries IPO will be finalised on Friday, July 11.
The Qualified Institutional Buyers (QIBs) booked their category 192.46 times and the Non-Institutional Investors (NIIs) subscribed the issue 476.25 times. The retail portion of the IPO was booked 225.15 times. Employees' quota was booked 0.36 times.
Find below the steps to check the GLEN Industries IPO allotment status on the websites of BSE and Kfin Technologies, the registrar for the issue.
Steps to check GLEN Industries IPO allotment status on BSE
Visit the IPO allotment page on the BSE website here.
Select 'Equity' under the issue type.
From the issue name dropdown menu, choose ‘GLEN Industries Limited’.
Enter the PAN or Application number.
Tick the 'I'm not a robot' captcha.
Click the Search option to check your IPO allotment details.
Steps to check GLEN Industries IPO allotment status on KFin Technologies:
Visit the IPO Status page on the KFintech website here.
Click on any of the links displayed on the page to view IPO Allotment Status.
From the IPO dropdown menu, choose 'GLEN Industries Limited’.
Select the input option as PAN, Application number, or Demat Account.
Enter your PAN, Application number or Demat Account details based on the option selected above.
Enter the captcha details to proceed ahead.
Click the Submit option to check your IPO allotment details.
GLEN Industries IPO GMP Today
The grey market premium (GMP) for the GLEN Industries IPO was Rs 45 as of :30 a.m. on July 11. The latest GMP indicates a listing price of Rs 142 apiece at a premium of 46.39% on the upper limit of the price band.
According to the GMP trends, this is the highest grey market premium for the SME issue since it opened for subscription on July 8. The lowest grey market premium for the GLEN Industries IPO was Rs 25 when the issue opened for bidding on Day 1.
Note: GMP does not represent official data and is based on speculation.
GLEN Industries IPO Listing Date
Shares of GLEN Industries Limited will list on BSE SME on Tuesday, July 15, as the likely listing date.
Unsuccessful bidders of the GLEN Industries IPO will receive a refund of their investment on July 14. Successful bidders will also get the credit of shares to their demat accounts on the same day.
GLEN Industries IPO Details
The Glen Industries IPO is a book-building issue of Rs 63.02 crore. It comprises entirely a fresh issue of 64.97 lakh shares. The price band for the IPO has been fixed between Rs 92 and Rs 97 per share.
The subscription window for the IPO was open from July 8 to July 10.
GYR Capital Advisors Pvt. is the book-running lead manager of the Glen Industries IPO. KFin Technologies Ltd. is the registrar and Giriraj Stock Broking Pvt. is the market maker for the issue.
Glen Industries is a manufacturer of thin-wall food containers and compostable straws. The company exports its products to over 25 countries.
Use Of Proceeds
The company will use proceeds from the IPO to set up a manufacturing facility and for general corporate purposes.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
