Glass Wall Systems (India) Limited
ListedCivil Construction · Mainboard IPO · INE644Q01039
Price band
₹172 – ₹182
Lot size
82 shares
Min. investment
₹14,924
Issue size
₹428 Cr
Face value
₹2
Registrar
MUFG Intime India Pvt.Ltd.
Issue timeline
Bidding opens
08 Sept 2026
Bidding closes
10 Sept 2026
Allotment
11 Sept 2026
Listing
16 Sept 2026
Final subscription
21,55,212
applications
₹16,951 Cr
bid value
| Category | Bid for | ₹ Cr* |
|---|---|---|
| Qualified Institutional (QIB) | 51,77,55,052 | 9,423 |
| Non-Institutional >₹10L (bNII) | 14,24,66,882 | 2,593 |
| Non-Institutional ₹2–10L (sNII) | 8,14,08,370 | 1,482 |
| Retail (RII) | 18,97,64,236 | 3,454 |
| Total | 93,13,94,540 | 16,951 |
Live category-wise demand from NSE only. Add each category's offered shares (from the RHP) in IPO Master to show the subscription (x) multiple.
About the company
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.
Issue details
Issue size
₹428 Cr
Fresh issue
₹60 Cr
Offer for sale
₹368 Cr
Industry
Civil Construction
Promoter holding (pre)
64.11
Promoter holding (post)
55.72
Financials (₹ Cr)
| Metric | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Total income | 310.26 | 288.14 | 471.43 Cr |
| EBITDA | 54.70 | 73.01 | 105.20 |
| Profit after tax | 20.25 | 57.51 | 83.79 Cr |
| Net worth | 122.60 | 175.75 | 261.58 Cr |
| Total assets | 281.76 | 316.63 | 468.38 |
| Total borrowing | 24.85 | 8.46 | 6.68 |
Objects of the 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
Strengths
- Over two decades of industry experience.
- Strong client base including real estate developers, contractors, hospitals, and airport authorities.
- Diverse business structure across domestic and international markets.
Risks
- Dependence on a limited number of clients for a significant portion of revenue.
- Exposure to fluctuations in raw material prices.
- Competition from other façade solution providers.
Documents
Calculate your bid
At cut-off price ₹182
Lots
1
- Shares
- 82
- Amount
- ₹14,924
UPI mandate — funds are blocked, not debited.
- SEBI-registered broker — NSE member 90113
- Funds stay blocked in your own bank — debited only on allotment
- Apply for your whole family from one login