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Glass Wall Systems IPO

Glass Wall Systems IPO

Glass Wall Systems IPO

Overview

Glass Wall Systems IPO is a book build issue of ₹427.89 crores. The issue is a combination of fresh issue of 32.97 lakh shares aggregating to ₹60.00 crores and offer for sale of 2.02 crore shares aggregating to ₹367.89 crores. Glass Wall Systems IPO opens for subscription on Sep 8, 2026 and closes on Sep 10, 2026. The allotment for the Glass Wall Systems IPO is expected to be finalized on Sep 11, 2026. Glass Wall Systems IPO will list on NSE and BSE with a tentative listing date fixed as Sep 16, 2026. Glass Wall Systems IPO is set issue price band at ₹172 to ₹182 per share. The lot size for an application is 82 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,924 (82 shares) (based on upper price). IIFL Capital Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.

Total Shares

2,35,10,425

Issue Size

₹428 Cr

Price Band

172 – ₹182

Lot Size

82 shares

Min. Investment

14,924

Max. Investment

1,94,012

Open Date

08 Sep, 2026

Close Date

10 Sep, 2026

Allotment

11 Sep, 2026

Listing

16 Sep, 2026

Announced

08 Sep, 2026

Opening Date

08 Sep, 2026

Closing Date

10 Sep, 2026

Basis of Allotment

11 Sep, 2026

Initiation of Refunds

15 Sep, 2026

Credit of Shares

15 Sep, 2026

Listing Date

16 Sep, 2026

Live GMP

Est. Listing: ₹227

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About Glass Wall Systems IPO

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

Glass Wall Systems IPO Share Price

Issue Breakdown

Total Issue2,35,10,425 shares₹428 Cr
Fresh Issue32,96,703 shares₹60 Cr
Offer for Sale0 shares₹368 Cr

Shareholding

Pre-Issue8,46,38,550
Post-Issue8,79,35,253

Dilution: 3.9% increase in shares

Glass Wall Systems IPO Financial Health

Glass Wall Systems (India) Ltd.'s revenue increased by 64% and profit after tax (PAT) rose by 46% between the financial year ending with March 31, 2026 and March 31, 2025.

Glass Wall Systems IPO Lot Size

Investors can bid for a minimum of 82 shares and in multiples thereof.

ApplicationLotsSharesAmount
Retail (Min)18214,924
Retail (Max)1310661,94,012
S-HNI (Min)1411482,08,936
S-HNI (Max)6754949,99,908
B-HNI (Min)68557610,14,832

(All values in CR)

Glass Wall Systems IPO Valuations

MetricValue
ROE38.62
ROCE43.01
Debt/Equity0.03
RoNW32.03
PAT Margin18.34
EBITDA Margin23.02
NAV30.91
Price to Book Value5.89

(All values in CR)

Glass Wall Systems IPO Strength & Risk

+Strengths

Glass Wall Systems IPO Strength

  • Diversified façade and fenestration business with domestic and international presence
  • Strong track record of executing major projects for reputed clients
  • Expertise in façade design, engineering and manufacturing
  • Strategically located manufacturing facility with advanced infrastructure
  • Growing presence in international markets, including the US and Australia
  • Focus on sustainable and high-performance façade solutions
  • Experienced promoters and management team
!Risks

Glass Wall Systems IPO Risk

  • High dependence on key customers, with a significant share of revenue coming from top clients
  • Reliance on a limited number of suppliers without long-term supply agreements
  • Volatility in aluminium, glass and other raw material prices can affect margins
  • Dependence on a single manufacturing facility creates operational concentration risk
  • Business is linked to real estate, construction and infrastructure activity
  • Significant international exposure creates foreign exchange and global market risks
  • Project delays, cost overruns and execution issues could affect profitability

Glass Wall Systems IPO GMP

Glass Wall Systems IPO last GMP is ₹45, last updated Sep 4th 2026 01:28 PM. With the upper price band of ₹182.00, Glass Wall Systems IPO's estimated listing price is ₹227 (cap price + today's GMP). The expected percentage gain/loss per share is 24.73%. >> Glass Wall Systems IPO Retail Subject to Sauda: ₹2800 >> Glass Wall Systems IPO Small HNI Subject to Sauda: ₹39200

+45+24.7%

Last updated 04 Sep, 2026 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
04 Sep, 2026182₹45-₹227 (24.73%)369004 Sep, 2026
03 Sep, 2026182₹20-₹202 (10.99%)164003 Sep, 2026

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

How to Apply for Glass Wall Systems IPO

1

Login to Your Trading App

Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.

2

Go to IPO Section

Find Glass Wall Systems IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

Enter UPI ID and Submit

Provide your UPI ID linked to your bank account and submit the application.

4

Approve Mandate on UPI App

Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.

5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.

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