Registered Office:
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Kolkata - 700053,
West Bengal, India.
Phone : +91 98747 75191
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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.
*Subject to finalisation of basis of allotment
^A discount of ? 5 per equity share was offered to eligible employee bidding in the employee reservation portion.
| Issue |
Money Payable On |
| Opens On |
Closes On |
Allotment |
Application |
| 08-Jul-25 | 10-Jul-25 |
0.00-0.00 |
97.00-0.00 |
Minimum Application for shares in Nos :
2400
Further Multiples of :
1200
|
(Rs. in Cr) |
Lead Managers to the Issue |
| Project Cost |
56.59 |
GYR Capital Advisors Pvt Ltd |
| Project Financed |
63.02 |
|
| Post Issue |
24.06 |
|
| Issue Price |
24.06 |
|