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Glass Wall Systems (India) Ltd

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹172
₹172
GMP (Grey Market)
+₹46
+26.74%
Est. Listing Price
₹218
Based on GMP
Min. Investment
₹14,104
1 lot × 82 shares
Subscribed
56.97x
Over-subscribed
IPO Details
Open Date
08 Sep 2026
Close Date
10 Sep 2026
Allotment
11 Sep 2026
Listing Date
16 Sep 2026
Exchange
NSE & BSE
Price Band
₹172
Listing Price
See chart
Allotment Status
Price Band
₹172
Per share
Face Value
₹2 per share
 
Lot Size
82 Shares
per lot
Issue Size
2,35,10,425 shares (agg. up to ₹428 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,104
1 lot
Pre-IPO Holding
8,46,38,550 shares
Promoters
Post-IPO Holding
8,79,35,253 shares
Promoters
EPS (Pre)
₹5.18
 
UPI Deadline
5:00 PM on 10 Sep 2026
Mandate
GMP
+₹46
+26.74% est.
Anchor AllotmentMon, 07 Sep 2026
Basis of AllotmentFri, 11 Sep 2026
Refund InitiationTue, 15 Sep 2026
Demat CreditTue, 15 Sep 2026
Listing DayWed, 16 Sep 2026
UPI Mandate Deadline5:00 PM on 10 Sep 2026
Sale TypeFresh capital cum OFS
Fresh Issue Shares32,96,703 shares (agg. up to ₹60 Cr)
Offer for Sale2,02,13,722 shares of ₹2 (agg. up to ₹368 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Glass Wall Systems (India) Ltd IPO subscribed 56.97 times overall. Retail: 32.93x. QIB: 67.07x. NII: 79.36x. By 10 Sep 2026.
QIB
67.07x
Over
NII/HNI
79.36x
Over
Retail
32.93x
Over
Total
56.97x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 67.07x
11,755,212
₹202.19
NII / HNI
Over 79.36x
3,526,564
₹60.66
Retail
Over 32.93x
8,228,649
₹141.53
Total 56.97x
23,510,425
100% ₹404.38
IPO Shares Offered
Glass Wall Systems (India) Ltd IPO total issue size: ₹404.38 Cr. Retail: ₹141.53 Cr. QIB: ₹202.19 Cr. NII: ₹60.66 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
QIB 11,755,212 ₹202.19
50.00%
NII 3,526,564 ₹60.66
15.00%
Retail 8,228,649 ₹141.53
35.00%
Total 23,510,425 ₹404.38
100.00%
* Based on upper price band ₹172 per share
Basis of Allotment
QIB NII Retail Total
Ex. Anchor Anchor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (shares) 3,526,564 8,228,649 11,755,213
Allotment price (₹) 172 172 172 172 172 172 172 172
No. of applications
No. of shares applied
Amount collected (₹Cr) ₹141.53 ₹141.53
Times subscribed 67.07x 79.36x 32.93x 56.97x
Shares allotted 3,526,564 8,228,649 11,755,213
No. of allottees
* Upper price band ₹172 · ** Anchor allotment excluded from public shares
Lot Size & Investment
Lot Size
82
Shares per Lot
Issue Price
₹172.00
Upper Band
Min Investment
₹14,104
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2164₹28,208
Retail (Max — 14 Lots)141,148₹197,456
S-HNI (Min — 15 Lots)151,230₹211,560
B-HNI (Min — 71 Lots)715,822₹1,001,384
* Issue Price ₹172 × Lot Size 82 shares
IPO Schedule
Anchor
07 Sep 2026
✓ Done
IPO Open
08 Sep 2026
✓ Done
IPO Close
10 Sep 2026
✓ Done
Allotment
11 Sep 2026
✓ Done
Refunds
15 Sep 2026
✓ Done
Demat Credit
15 Sep 2026
✓ Done
Listing Day
16 Sep 2026
✓ Done
Glass Wall Systems (India) Ltd — Live Price LIVE
₹172.00
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Issue ₹172.00 GMP: +₹46 Live Price
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:Domestic Façade Solutions – Design, engineering, fabrication, supply, installation, and EPC services for real estate developers, contractors, and corporate clients.International Façade Products Supply – Supply of sustainable façade products, tailored to contractors and façade companies overseas.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.
Objects of the Issue
1
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
2
General Corporate Purposes
Glass Wall Systems (India) Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹310.3
31 Mar 2024
₹288.1
31 Mar 2025
₹471.4
31 Mar 2026
Profit After Tax (PAT)
₹20.3
31 Mar 2024
₹57.5
31 Mar 2025
₹83.8
31 Mar 2026
Particulars31 Mar 202631 Mar 202531 Mar 2024
Revenue from Operations 471.43 288.14 310.26
EBITDA 105.20 73.01 54.70
Profit After Tax (PAT) 83.79 57.51 20.25
Net Worth 261.58 175.75 122.60
Total Assets 468.38 316.63 281.76
Reserves & Surplus 242.96 158.88 101.47
Borrowings 6.68 8.46 24.85
EBITDA Margin (%) 23.73
PAT Margin (%) 17.90
RoE
32.75
RoCE
38.32
RoNW
28.54
PAT Margin
17.90
EBITDA Margin
23.73
Debt/Equity
0.06
Issue Structure & Shareholding
Total Shares Offered2,35,10,425
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding8,46,38,550 shares
Post-Issue Promoter Holding8,79,35,253 shares
P/BV RatioN/A
RoE32.75
RoCE38.32
Debt / Equity0.06
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
IIFL Capital Services Ltd
Motilal Oswal Investment Advisors Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Glass Wall Systems (India) Ltd IPO subscribed?

Glass Wall Systems (India) Ltd IPO is subscribed 56.97 times by Sep 10, 2026. Retail: 32.93x. QIB: 67.07x. NII: 79.36x.

Investor CategorySubscription
Qualified Institutional (QIB)67.07x
Non Institutional (NII/HNI)79.36x
Retail Individual32.93x
Total Subscription56.97x
What is Glass Wall Systems (India) Ltd IPO retail subscription status?

The Glass Wall Systems (India) Ltd IPO retail category is subscribed 32.93 times as of 10 Sep 2026. The retail portion is oversubscribed.

How to subscribe Glass Wall Systems (India) Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 08 Sep 2026 and closes 10 Sep 2026. Min investment: ₹14,104 (1 lot = 82 shares). UPI mandate: 5:00 PM on 10 Sep 2026.

How many times Glass Wall Systems (India) Ltd IPO subscribed?

The Glass Wall Systems (India) Ltd IPO subscribed 56.97x overall. QIB: 67.07x, NII: 79.36x, Retail: 32.93x. Applications: from NSE/BSE.

How to check Glass Wall Systems (India) Ltd IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd) at https://in.mpms.mufg.com/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 11 Sep 2026. Refunds: on 15 Sep 2026.

When Glass Wall Systems (India) Ltd IPO will be listed?

The Glass Wall Systems (India) Ltd IPO listing date is 16 Sep 2026, Wednesday. Listed on: NSE & BSE. Issue price: ₹172. Estimated listing: ₹218. GMP: +₹46.

When Glass Wall Systems (India) Ltd IPO close?

The Glass Wall Systems (India) Ltd IPO closes on 10 Sep 2026, Thursday. UPI mandate: 5:00 PM on 10 Sep 2026. Allotment: 11 Sep 2026. Listing: 16 Sep 2026.