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Glass Wall Systems (India) Ltd IPO
NSE & BSE Bookbuilding IPO Fresh capital cum OFS Upcoming
GMP +₹0 +0% Est. Listing ₹172
Issue Price
₹172
Face ₹2
GMP
+₹0
+0% premium
Est. Listing
₹172
GMP based
Lot Size
82
shares / lot
Min Amount
₹14,104
1 lot · 82 shares
Opens
08 Sep
Upcoming
Allotment
Important Dates
0/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Soon
Open Date
08 Sep 2026
Tue Upcoming
Soon
Close Date
10 Sep 2026
Thu Upcoming
Soon
Allotment
11 Sep 2026
Fri Upcoming
Soon
Refund
15 Sep 2026
Tue Upcoming
Soon
Demat Credit
15 Sep 2026
Tue Upcoming
Soon
Listing Date
16 Sep 2026
Wed Upcoming
Issue Details
Pricing & Size
Issue Price
₹172 Face ₹2
Lot Size
82 shares
Min Investment
₹14,104
Total Issue Size
2,35,10,425 shares (agg. up to ₹428 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh capital cum OFS
Listing Exchange
NSE & BSE
Script / Ticker
-
Allocation Breakdown
Market Maker
-
QIB Portion
Not more than 50% of the Offer
NII / HNI
Not less than 15% of the Offer
Retail
Not less than 35% of the Offer
Employee
-
Net Offer to Public
-
Shareholding Pattern
Pre-Issue Shareholding
8,46,38,550 shares
Post-Issue Shareholding
8,79,35,253 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 82 ₹14,924
HNI / NII 14 1,148 ₹2,08,936
bHNI / bNII 68 5,576 ₹10,14,832
Objects of Issue
2 objectives
1
Funding capital expenditure requirement for setting up of a glass processing unit (GPU Project) as part of planned backward integration of the Company at Vile Bhagad Facility
60.00 Cr
2
General Corporate Purposes
Lead Managers & Market Maker
Book Running Lead Managers
IIFL Capital Services Ltd
Motilal Oswal Investment Advisors Ltd
IPO Timeline
Open
08 Sep
Upcoming
Close
10 Sep
Upcoming
Allotment
11 Sep
Upcoming
Listing
16 Sep
Upcoming
Registrar Details
MUFG Intime India Pvt.Ltd
SEBI Registered Registrar & Transfer Agent
Phone
022-49186000
Email
glasswallsystems.ipo@in.mpms.mufg.com
Company Contact
Email
compliance@glasswallsystem.com
Phone
+91 22 6103 3456
Address
503-504, 5th Floor, A Wing Marathon Futurex, Mafatlal Mills Compound N.M. Joshi Marg, Lower Parel (East) Mumbai, Maharashtra, 400013
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹172
Est. Listing
₹172
Lot Size
82 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Category-wise Subscription
Category Sub (×) Offered Bid For
QIB Not more than 50% of the Offer
NII / HNI (Total) Not less than 15% of the Offer
Retail Investors Not less than 35% of the Offer
Total **
Market Maker *
* Based on ₹172.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
Not more than 50% of the Offer
NII
Not less than 15% of the Offer
Retail
Not less than 35% of the Offer
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Revenue471.43288.14310.26
PAT83.7957.5120.25
EBITDA105.2073.0154.70
Net Worth261.58175.75122.60
Total Assets468.38316.63281.76
Reserves242.96158.88101.47
Borrowings6.688.4624.85
Key Financial Ratios
32.75
ROE
Return on Equity
38.32
ROCE
Return on Capital Employed
28.54
RONW
Return on Net Worth
17.90
PAT Margin
PAT / Revenue
23.73
EBITDA Mgn
EBITDA / Revenue
0.06
D/E Ratio
Debt to Equity
5.18
Pre EPS
EPS Pre-Issue
About Glass Wall Systems (India) Ltd

Incorporated in 2010, Glass Wall Systems (India) Limited is a façade solutions and fenestration provider with operations in India as well as international markets, including the United States and Australia. The company has over two decades of industry experience and, as of March 31, 2026, has completed more than 158 projects.

Its business is structured across three verticals:

  1. Domestic Façade Solutions – Design, engineering, fabrication, supply, installation, and EPC services for real estate developers, contractors, and corporate clients.
  2. International Façade Products Supply – Supply of sustainable façade products, tailored to contractors and façade companies overseas.
  3. Fenestration Solutions – Custom luxury windows, doors, skylights, and partition systems, catering to the high-end domestic market, primarily through its subsidiary Yes Systems Private Limited (acquired in August 2025). Yes Systems operates in the premium fenestration space under the brand ORIA and collaborates with international partners such as a Swiss window systems brand, LIBART, and OIKAS.

The company’s client base includes real estate developers, contractors, hospitals, airport authorities, and corporations in commercial, residential, and institutional projects. Notable projects include The Capital, Kohinoor Square, Bagmane Rio, Lodha World One in India, and international assignments such as Jackson Avenue, 1400 South Wabash, Spark GTIC, Harper Court in the U.S. and Project Dove in Australia.

As of March 31, 2026, the company employed 370 permanent staff.

Frequently Asked Questions
What is the issue price of Glass Wall Systems (India) Ltd IPO?
The issue price of Glass Wall Systems (India) Ltd IPO is ₹172 per share, face value ₹2.
What is the lot size?
Minimum lot size is 82 shares, requiring ₹14,104.
What are the IPO dates?
Opens 08 Sep 2026, closes 10 Sep 2026.
When is the listing date?
Tentative listing: 16 Sep 2026 on NSE & BSE.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹172 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Glass Wall Systems (India) Ltd IPO · Expected 11 Sep 2026

Check on Registrar
Post-IPO Timeline
Allotment Date
11 Sep 2026
Refund Initiation
15 Sep 2026
Demat Credit
15 Sep 2026
Listing Date
16 Sep 2026
Quick Facts
Upcoming
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹172
Face ₹2
Lot Size
82
shares / lot
Min Amount
₹14,104
1 lot
Est. Listing
₹172
GMP +₹0
Key Dates
Open
08 Sep Soon
Close
10 Sep Soon
Listing
16 Sep Soon
Registrar
MUFG Intime India Pvt.Ltd
A
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