Kolkata-based Glen Industries has announced its maiden IPO, seeking to raise Rs. 63.02 crore via the SME platform of BSE, with a price band of Rs. 92–97 per share. The entirely fresh capital issue, open from July 8 to 10, aims to fund the establishment of a new manufacturing unit in Purba Bardhaman, West Bengal, along with general corporate purposes. Specializing in eco-friendly food containers and biodegradable straws, Glen serves the HoReCa sector and exports to markets including Europe, the USA, Australia, the Middle East, and Africa.