Shares of GLEN Industries Ltd. are tentatively scheduled to be listed on the BSE SME platform on July 15.
GLEN Industries Ltd. plans to raise Rs 63 crore through its SME IPO, offering 64.97 lakh equity shares in a book-building issue with a price band of Rs 92 to Rs 97 per share.
The IPO comprises shares reserved for different investor categories, with retail investors able to apply for at least two lots of 2,400 shares each, and the subscription window open until July 10.
The net proceeds from the IPO will be used to set up a new manufacturing facility and for general corporate purposes. GLEN Industries reported revenue of Rs 171.28 crore and a profit after tax of Rs 18.27 crore in FY25.