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Glass Wall Systems (India) Ltd
Closed NSE & BSE Bookbuilding IPO

Glass Wall Systems (India) Ltd IPO

GMP Today
+₹46
+26%
Issue Price
₹172
Est. Listing: ₹218
IPO Overview
Quick facts
Issue Price
₹172
Lot Size
82 shares
Min. Investment
₹14,104
Issue Size
2,35,10,425 shares (agg. up to ₹428 Cr)
Face Value
₹2
Issue Type
Bookbuilding IPO
Listing Exchange
NSE & BSE
Script Code
Important Dates
IPO Open
08 Sep 2026
Done
IPO Close
10 Sep 2026
Done
Allotment
11 Sep 2026
Done
Refund Init.
15 Sep 2026
Today
Demat Credit
15 Sep 2026
Today
Listing Date
16 Sep 2026
Glass Wall Systems (India) Ltd Stock Price
NSE
Open
High
Low
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Data via Yahoo Finance · For informational use only
Subscription Allocation
Category Shares Offered Lots Amount (₹)
QIB (Qualified Institutional) 4702085 ₹—
NII / HNI (Non-Institutional) 3526564
Retail (Individual) 8228649 1 ₹14,924
Fresh Issue 32,96,703 shares (agg. up to ₹60 Cr) ₹—
OFS (Offer for Sale) 2,02,13,722 shares of ₹2 (agg. up to ₹368 Cr) ₹—
Minimum Application Size
Investor Type Lots Shares Amount (₹)
Retail (Min 1 Lot) 1 82 ₹14,924
Subscription Status
Final
Metric QIB NII Retail Total
Subscription 167.93 79.71 33.18 81.65
Shares 4702085 3526564 8228649 16457298
Bids 789608094 281114614 273004650 1343727358
Financial Highlights

Amount in ₹ Crore

Metric 31 Mar 2026 31 Mar 2025 31 Mar 2024
Revenue 471288310
PAT 835720
EBITDA 1057354
Net Worth 261175122
Total Assets 468316281
Reserves 242158101
Borrowings 6824
ROE
32
ROCE
38
RONW
28
PAT Margin
17
EBITDA Mgn
23
D/E Ratio
0
Pre EPS
5
Objects of Issue
  • 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
  • General Corporate Purposes
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.

Apply for This IPO
₹172
Min. ₹14,104 · 82 shares/lot
Expected Listing ₹218
GMP +₹46 (+26%)
Close Date 10 Sep 2026
Check Allotment
Pre-Issue
8,46,38,550 shares
Post-Issue
8,79,35,253 shares
Company Contact
Registrar
MUFG Intime India Pvt.Ltd
  • 022-49186000
  • glasswallsystems.ipo@in.mpms.mufg.com
Lead Managers
  • IIFL Capital Services Ltd
  • Motilal Oswal Investment Advisors Ltd
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