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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
Max. Investment
₹1,94,012
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:
- Domestic Façade Solutions – Design, engineering, fabrication, supply, installation, and EPC services
Glass Wall Systems IPO Share Price
Issue Breakdown
Shareholding
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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 82 | ₹14,924 |
| Retail (Max) | 13 | 1066 | ₹1,94,012 |
| S-HNI (Min) | 14 | 1148 | ₹2,08,936 |
| S-HNI (Max) | 67 | 5494 | ₹9,99,908 |
| B-HNI (Min) | 68 | 5576 | ₹10,14,832 |
(All values in CR)
Glass Wall Systems IPO Valuations
| Metric | Value |
|---|---|
| ROE | 38.62 |
| ROCE | 43.01 |
| Debt/Equity | 0.03 |
| RoNW | 32.03 |
| PAT Margin | 18.34 |
| EBITDA Margin | 23.02 |
| NAV | 30.91 |
| Price to Book Value | 5.89 |
(All values in CR)
Glass Wall Systems IPO Strength & Risk
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
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
Last updated 04 Sep, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 04 Sep, 2026 | 182 | ₹45▲ | - | ₹227 (24.73%) | 3690 | 04 Sep, 2026 |
| 03 Sep, 2026 | 182 | ₹20 | - | ₹202 (10.99%) | 1640 | 03 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
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
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).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
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