GLASS WALL SYSTEMS IPO
GLASS WALL SYSTEMS is a MAINBOARD IPO with a current status of CLOSED. The price band is 172 - 182 . The issue opens on 08 SEP and closes on 10 SEP. The listing date is 16 SEP.
Price Band
172 - 182
Unofficial GMP
₹45
Lot Size
82 shares
Minimum Investment
₹14,924
GLASS WALL SYSTEMS IPO GMP
The latest available GMP is ₹45. Grey Market Premium is unofficial, may change frequently and does not guarantee the listing price, listing gains or investment returns.
Estimated Listing Price
₹227.00
Estimated Gain
+24.7%
GLASS WALL SYSTEMS IPO GMP History
35
06 SEP
51
07 SEP
56
08 SEP
62
09 SEP
66
10 SEP
45
11 SEP
GLASS WALL SYSTEMS IPO Details
- IPO Type
- MAINBOARD
- Status
- CLOSED
- Price Band
- 172 - 182
- Issue Size
- 427.89 Cr
- Issue Type
- Book Build Issue
- Fresh Issue
- ₹60.00 Cr
- Offer for Sale
- ₹367.89 Cr
- Face Value
- 2
- Lot Size
- 82
- Minimum Investment
- 14,924
- Exchange
- BSE, NSE
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead Managers
- Motilal Oswal Investment Advisors.
GLASS WALL SYSTEMS IPO Dates
- Open Date
- 08 SEP
- Close Date
- 10 SEP
- Allotment Date
- 11 SEP
- Refund Date
- 15 SEP
- Demat Credit Date
- 15 SEP
- Listing Date
- 16 SEP
GLASS WALL SYSTEMS IPO Subscription
- QIB
- 58.95x
- NII / HNI
- 71.84x
- Retail
- 28.18x
- Total
- 46.33x
GLASS WALL SYSTEMS IPO Financials
Revenue
FY2026
₹456.97 Cr
+64.18% vs FY2025
PAT
FY2026
₹83.79 Cr
+45.70% vs FY2025
Total Assets
FY2026
₹468.38 Cr
+47.93% vs FY2025
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 304.34 | 278.33 | 456.97 |
| Net Profit | 20.25 | 57.51 | 83.79 |
| Total Assets | 281.76 | 316.63 | 468.38 |
GLASS WALL SYSTEMS IPO Valuation
- Market Cap (Post IPO)
- 1600.42 Cr
- EPS
- 9.90
- P/E Ratio
- 18.38x
- Price to Book Value
- 5.89
- Industry P/E
- 17.40x
- ROE
- 38.62%
- ROCE
- 43.01%
- RONW
- 32.03%
- Debt / Equity
- 0.03%
- PAT Margin
- 18.34%
- EBITDA Margin
- 23.02%
- Valuation
- EXPENSIVE
GLASS WALL SYSTEMS Peer Comparison
| Peer | Revenue | PAT | EPS | P/E | ROE | RONW | Debt / Equity |
|---|---|---|---|---|---|---|---|
| Innovator Facade systems | -- | -- | 7.19 | 16.54 | -- | 8.65% | -- |
| Glass wall systems | -- | -- | 9.9 | -- | -- | 32.03% | -- |
GLASS WALL SYSTEMS IPO Market Lot
| Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail Minimum | 1 | 82 | ₹14,924 |
| Retail Maximum | 13 | 1,066 | ₹1,94,012 |
| Small HNI | 14 | 1,148 | ₹2,08,936 |
| Big HNI | 68 | 5,576 | ₹10,14,832 |
GLASS WALL SYSTEMS IPO Reservation
- QIB
- 50%
- NII / HNI
- 15%
- Retail
- 35%
GLASS WALL SYSTEMS Promoter Holding and Anchor Allocation
- Pre-IPO Promoter Holding
- 64.11%
- Post-IPO Promoter Holding
- 55.72%
- Anchor Allocation
- 70,53,127 Share
- Anchor Details
- https://www.chittorgarh.net/reports/anchor-investor/glasswall-ipo-anchor-book.pdf
GLASS WALL SYSTEMS Company Overview
Glass Wall Systems (India) Limited, incorporated in 2010, is a façade solutions and fenestration company engaged in designing, engineering, manufacturing, supplying and installing specialised façade systems for buildings. The company has operations across India as well as international markets including the USA and Australia. Its solutions include curtain-wall systems, architectural façades, glazing systems, cladding, aluminium doors and windows and other customised façade products. As of March 31, 2026, the company had completed more than 158 projects.
GLASS WALL SYSTEMS Business Model
The company's business model primarily revolves around providing end-to-end façade solutions. It undertakes design and engineering, procurement of materials, manufacturing/fabrication, supply and, particularly for domestic projects, installation of façade systems. Its product/service portfolio includes unitized and semi-unitized curtain walls, stick curtain walls, bolted façades, skylights, canopies, architectural louvers, rain-screen cladding, aluminium doors/windows and customised architectural metal works.
GLASS WALL SYSTEMS Objects of the Issue
| Particulars | Amount | | ----------------------------------------------------------------------------------------------: | | **Fresh Issue** | **₹60.00 Crore** | | **Offer for Sale (OFS)** | **NIL** | | Funding requirements / stated objects | As per final RHP | | General Corporate Purposes | As per RHP limits | | **Total Fresh Issue** | **₹60.00 Crore** |
GLASS WALL SYSTEMS Strengths
The company's key strengths include its established position in the façade solutions industry, presence in both domestic and international markets, integrated design and engineering capabilities and experience in executing complex façade projects. Its broad solution portfolio allows it to address different architectural and construction requirements. Another important strength is its execution track record: more than 158 projects had been completed as of March 31, 2026. The company also benefits from an experienced management team and specialised technical capabilities required for premium façade projects.
GLASS WALL SYSTEMS Risks
revenue from operations in FY2026, meaning loss of even a few major clients could materially affect revenue, profitability and cash flows. The company also depends on a limited number of suppliers for key raw materials and does not have long-term agreements with some suppliers. Aluminium extrusions, silicone and performance-glass units are important inputs, so price increases, shortages or supply disruptions could hurt margins and project execution. Its business is also exposed to project delays, construction-sector demand, execution risks and fluctuations in raw-material prices. Domestic façade operations accounted for about 48.88% of FY2026 revenue from operations, creating additional exposure to demand conditions in that segment.
GLASS WALL SYSTEMS Frequently Asked Questions
What is the GLASS WALL SYSTEMS IPO price band?
The GLASS WALL SYSTEMS IPO price band is 172 - 182 .
What is the latest GLASS WALL SYSTEMS IPO GMP?
The latest available GLASS WALL SYSTEMS IPO GMP in the IPOWEB database is ₹45. GMP is unofficial and does not guarantee a listing gain.
When does the GLASS WALL SYSTEMS IPO open and close?
The GLASS WALL SYSTEMS IPO opens on 08 SEP and closes on 10 SEP.
When is the GLASS WALL SYSTEMS IPO allotment date?
The GLASS WALL SYSTEMS IPO allotment date is 11 SEP.
When is the GLASS WALL SYSTEMS IPO listing date?
The GLASS WALL SYSTEMS IPO listing date is 16 SEP.
What is the GLASS WALL SYSTEMS IPO subscription?
The latest total subscription available for the GLASS WALL SYSTEMS IPO is 46.33x.