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Glass Wall Systems Ltd IPO

Closed Mainboard BSE, NSE Bookbuilding IPO
Min Investment
₹14,924
82 shares · 1 lot

Glass Wall Systems Ltd IPO was priced at ₹172–₹182 per share with an issue size of ₹428 crore. The IPO opened on Sep 08, 2026 and closed on Sep 10, 2026, with a lot size of 82 shares and a minimum investment of ₹14,924.

Open
08 Sep
Close
10 Sep
Allotment
11 Sep
Refund
15 Sep
Listing
16 Sep

Market Sentiment

Grey Market Premium

Full history →
+₹55.00 +30.2%
Est. listing: ₹237
Updated 10 Sep 2026
GMP is an informal, unregulated grey-market figure. It is not a guaranteed listing price and can move sharply during the bidding window.

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IPO Details

Price Band ₹172.00 - ₹182.00 per share
Lot Size82 shares
Min Investment₹14,924
Total Issue Size ₹428.00 crore
Shares Offered2,35,10,425
Issue Structure Fresh Issue + Offer for Sale
Issue TypeBookbuilding IPO
Lead Manager(s)IIFL Capital Services Ltd., Motilal Oswal Investment Advisors Ltd.
RegistrarMUFG Intime India Pvt.Ltd.
Listing AtBSE, NSE

Quick Profit Calculator

Issue price ₹182 · lot size 82 shares · estimated listing price ₹237 (GMP +₹55)

Category Lots Shares Investment Value at listing Profit
Retail (Min) 1 82 ₹14,924 ₹19,434 +₹4,510
Retail (Max) 13 1,066 ₹1,94,012 ₹2,52,642 +₹58,630
S-HNI (Min) 14 1,148 ₹2,08,936 ₹2,72,076 +₹63,140
S-HNI (UPI limit) 33 2,706 ₹4,92,492 ₹6,41,322 +₹1,48,830
S-HNI (Max) 67 5,494 ₹9,99,908 ₹13,02,078 +₹3,02,170
B-HNI (Min) 68 5,576 ₹10,14,832 ₹13,21,512 +₹3,06,680
Estimated from the grey market premium, an informal and unregulated figure that moves sharply and frequently differs from the eventual listing price. Not a forecast. Assumes full allotment, which is rarely guaranteed when an issue is oversubscribed.

Financial Analysis

EPS
₹9.90
P/E (Post)
19.1 x
RoNW
32.03%
RoCE
43.01%
Net Worth
₹261.58 Cr
MetricLatest Reported
Total Income₹471.43 Cr
Profit After Tax₹83.79 Cr
Net Worth₹261.58 Cr

Promoters & Holding

Promoters: Jawahar Hariram Hemrajani, Eshan Jawahar Hemrajani

Promoter Holding (Pre-Issue)6411555%
Promoter Holding (Post-Issue)5572000%

Strengths & Risks

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 & Concerns

  • 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.
Summarised from the company's own DRHP/RHP disclosures. Informational only, not investment advice — always read the full prospectus before applying.

Company Information

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.

Completed more than 158 projects as of March 31, 2026.

Founded2010
HeadquartersMumbai, Maharashtra
IndustryCivil Construction
Websitehttps://www.glasswallsystems.in/

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

Registrar & Allotment

RegistrarMUFG Intime India Pvt.Ltd.
Phone022-49186000
Email[email protected]

Resources & Documents

Frequently Asked Questions

11 answers about Glass Wall Systems Ltd IPO — dates, pricing, allotment and listing.

Glass Wall Systems Ltd IPO is a bookbuilding ipo of ₹428 crore. The issue was priced at ₹172–₹182 per share, with a lot size of 82 shares. Bidding ran from Tue, 08 Sep 2026 to Thu, 10 Sep 2026, with shares to be listed on BSE and NSE.

The price band was ₹172–₹182 per share.

One lot was 82 shares. Bids had to be placed in multiples of 82.

A retail investor needed at least ₹14,924 – one lot of 82 shares at ₹182, the upper end of the price band.

Glass Wall Systems Ltd IPO opened on Tue, 08 Sep 2026 and closed on Thu, 10 Sep 2026.

Allotment was finalised on Fri, 11 Sep 2026.

Glass Wall Systems Ltd shares are expected to list on Wed, 16 Sep 2026 on BSE and NSE.

The company intended to use the net proceeds towards 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 and general corporate purposes.

IIFL Capital Services Ltd. and Motilal Oswal Investment Advisors Ltd. are the book running lead managers. MUFG Intime India Pvt.Ltd is the registrar to the issue.

Category-wise demand from retail, NII and QIB bidders is on the Glass Wall Systems Ltd IPO subscription page, and on the BSE and NSE websites.

From Fri, 11 Sep 2026, check the Glass Wall Systems Ltd IPO allotment status using your PAN, application number or DP ID – also available on the registrar's website.