Glen Industries IPO GMP at 31% as issue gets subscribed over 6 times on day 2, so far

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Glen Industries IPO subscribed over 6 times; RII portion booked 10.19x, with GMP at Rs 30.
Shares expected to list at Rs 127, a 31% premium over the issue price of Rs 97.
Company makes eco-friendly packaging; exports to US, Europe, Australia, and Middle East.
IPO funds to set up a West Bengal facility; FY25 PAT jumped 113% to Rs 18.27 crore.

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