GLEN Industries Ltd - IPO

GLEN Industries Ltd IPO Details

Initial public offer of upto 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. [*] per equity share (including a share premium of Rs. [*] per equity share) for cash, aggregating up to Rs. [*] crores (public issue) out of which upto 3,25,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion) and upto 1,53,600 equity shares aggregating up to Rs. [*] crores for subscription by eligible employees (as defined hereinafter) (the employee reservation portion). the public issue less market maker reservation portion and employee reservation portion i.e. issue of upto 60,18,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. [*] per equity share for cash, aggregating upto Rs. [*] crores is herein after referred to as the net issue. the public issue and net issue will constitute [*]% and [*]% respectively of the post- issue paid-up equity share capital of the company.Price Band: Rs. 92 to Rs. 97 per equity share of face value of Rs. 10 each.The floor price is 9.2 times of the face value and the cap price is 9.7 times of the face value.Bidscan be made for the minimum of 1200 equity shares and in multiples of 1200 equity shares thereafter.A discount of Rs. 5 per equity shares is being offered to eligible employees 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