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Glass Wall Systems (India) IPO
Glass Wall Systems (India) Limited IPO 2026 – Complete Details
Upcoming Mainboard IPOGlass Wall Systems (India) IPO Profile
| IPO Name | Glass Wall Systems (India) IPO |
|---|---|
| IPO Type | Mainboard IPO |
| Issue Type | Book Built Issue |
| Issue Size | Approx. ₹427.89 Crore |
| Fresh Issue | Approx. ₹60 Crore |
| Offer for Sale | Approx. ₹367.89 Crore |
| Price Band | ₹172 – ₹182 per Equity Share |
| Face Value | ₹2 per Equity Share |
| Lot Size | 82 Shares |
| Minimum Investment | ₹14,924 |
| Listing | BSE & NSE |
Glass Wall Systems (India) IPO Details
| IPO Open Date | 08 September 2026 |
|---|---|
| IPO Close Date | 10 September 2026 |
| Basis of Allotment | 11 September 2026 |
| Refund Initiation | 15 September 2026 |
| Share Credit | 15 September 2026 |
| Listing Date | 16 September 2026 |
| Retail Quota | Not Less Than 35% |
| NII Quota | Not Less Than 15% |
| QIB Quota | Not More Than 50% |
| Registrar | MUFG Intime India Pvt. Ltd. |
Glass Wall Systems (India) Company Profile
Glass Wall Systems (India) Limited is a façade solutions and fenestration company engaged in providing architectural façade, glass curtain wall and related building-envelope solutions.
The company was incorporated in 2010 and has operations in India along with international markets including the United States and Australia.
Its business activities include design, engineering, fabrication, supply, installation and EPC services for façade systems. The company also supplies façade products to international markets.
As of March 2026, the company had completed more than 158 projects across its business operations.
Business Segments
- Domestic Façade Solutions: Design, engineering, fabrication, supply, installation and EPC services.
- International Façade Products Supply: Supply of façade products to overseas customers.
- Fenestration Solutions: Building-envelope and architectural solutions for real estate and construction projects.
Glass Wall Systems (India) Company Financials
Financial figures are in ₹ Crore.
| Particulars | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Total Income | 471.43 | 288.14 | 310.26 |
| EBITDA | 105.20 | 73.01 | 54.70 |
| Profit After Tax | 83.79 | 57.51 | 20.25 |
| Net Worth | 261.58 | 175.75 | 122.60 |
| Total Assets | 468.38 | 316.63 | 281.76 |
| Total Borrowings | 6.68 | 8.46 | 24.85 |
Glass Wall Systems (India) IPO Strengths & Risks
Key Strengths
- Established presence in façade and fenestration solutions.
- Presence in both domestic and international markets.
- Integrated design, engineering, manufacturing and project execution capabilities.
- Experienced management and promoter group.
- Strong improvement in profitability in FY2026.
- Low borrowing compared with the company's net worth.
- Growing opportunities from real estate and infrastructure development.
Key Risks
- Business has significant dependence on key customers.
- Revenue can be affected by delays in real estate and construction projects.
- International operations expose the company to foreign exchange and overseas market risks.
- Raw material prices can affect margins.
- Façade and construction businesses can be affected by economic cycles.
- Competition in the façade and fenestration industry may affect growth and margins.
- Future profitability may not remain at the same level as recent financial performance.
Glass Wall Systems IPO Allotment Status
Glass Wall Systems (India) IPO allotment is scheduled for 11 September 2026.
Investors can check their IPO allotment status using PAN, Application Number or DP/Client ID after the allotment is finalised.
Check IPO Allotment StatusObjects of the Glass Wall Systems IPO
The company proposes to utilise the net proceeds from the fresh issue primarily towards funding capital expenditure for setting up a Glass Processing Unit as part of planned backward integration at its Vile Bhagad facility.
| Purpose | Amount |
|---|---|
| Capital expenditure for setting up a Glass Processing Unit at Vile Bhagad Facility | ₹60 Crore |
| General Corporate Purposes | As per IPO documents |
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