GLEN Industries Ltd - IPO

GLEN Industries Ltd IPO Details

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.^A discount of Rs. 5 per equity share was offered to eligible employee bidding in the employee reservation portion.

Objective of issue

Setting up a new mfg facility at. General corporate purposes.

GLEN Industries Ltd Contact Details

GLEN Industries Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - info@glen-india.com

Website - www.glen-india.com