<ul data-eligibleForWebStory="false"><li>Glen Industries is conducting an initial public offering to raise Rs 63 crore for expanding its production capacity, with a focus on manufacturing thin-wall food containers and paper-based packaging.</li><li>The IPO funds will predominantly be used for setting up a new production facility that is estimated to cost around Rs 100 crore, with a portion coming from equity and the rest through a term loan.</li><li>The current production capacity of Glen Industries includes 665 tonnes per month for thin-wall food containers, alongside quantities for paper and PLA straws, with plans to increase production significantly upon the new facility's completion.</li><li>The company anticipates a substantial revenue increase post-expansion and aims to have the new facility operational by January 2026, aligning with expectations of exponential turnover growth within the quick-service-restaurant industry.</li></ul>

Glen Industries To Utilise IPO Funds For Capacity Expansion

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