Glass Wall Systems (India) IPO
Glass Wall Systems (India) IPO Details
-
Open Date
08 Sep 2026
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Close Date
10 Sep 2026
- IPO Price Range
₹ 172 to ₹182
- IPO Size
₹ 427.89 Cr
Glass Wall Systems (India) IPO Timeline
Last Updated: 05 September 2026 5:34 AM by 5paisa
Glass Wall Systems (India) Limited provides façade and fenestration solutions across India and international markets, including the United States and Australia. With over two decades of experience, it had completed more than 158 projects as of March 2026. Its operations span domestic façade solutions, international façade product supply and premium fenestration solutions through subsidiary Yes Systems Private Limited. The company serves developers, contractors, corporations, hospitals and airport authorities across diverse projects.
Established in: 2010
Managing Director: Eshan Jawahar Hemrajani
Peers :
| Metric | Glass Wall Systems Limited | Innovator Façade Systems Limited |
|---|---|---|
| Face Value | 2 | 10 |
| Closing Price on August 13, 2026 (₹) | - | 118.90 |
| Profit for the Year for the fiscal ended March 31 | 837.89 | 135.69 |
| EPS (Basic) | 9.90 | 7.19 |
| EPS (Diluted) | - | NA |
| NAV | 30.91 | 83.15 |
| P/E | - | 16.54 |
| RoNW (%) | 32.03 | 8.65 |
Glass Wall Systems (India) Objectives
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 IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹427.89 Cr |
| Offer For Sale | ₹367.89Cr |
| Fresh Issue | ₹60 Cr |
Glass Wall Systems IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 82 | 14,104 |
| Retail (Max) | 13 | 1,066 | 1,94,012 |
| S-HNI (Min) | 14 | 1,148 | 1,97,456 |
| S-HNI (Max) | 67 | 5,494 | 9,99,908 |
| B-HNI (Min) | 68 | 5,576 | 9,59,072 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 304.34 | 278.33 | 456.97 |
| EBITDA | 54.70 | 73.01 | 27.06 |
| PAT | 20.25 | 57.51 | 83.79 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 281.76 | 316.63 | 468.38 |
| Share Capital | 19.44 | 15.18 | 16.93 |
| Total Liabilities | 160.85 | 142.57 | 208.50 |
| Particulars (In ₹Crores.) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 42.72 | 72.95 | 73.25 |
| Net Cash Generated From / (used in) Investing Activities | 8.76 | -53.15 | -38.83 |
| Net Cash Generated From / (used in) Financing Activities | -44.25 | -25.53 | -5.30 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 7.23 | -5.72 | 29.12 |
Strengths
1. Over two decades of façade industry experience
2. Established presence across domestic and international markets
3. Diverse offerings across façade and fenestration solutions
4. Strong track record executing complex landmark projects
Weaknesses
1. Business remains dependent on project-based revenue flows
2. Execution delays may affect project profitability significantly
3. Operations require substantial skilled workforce and expertise
4. Exposure to fluctuations in key material costs
Opportunities
1. Rising urbanisation supports demand for modern façades
2. Sustainable buildings driving advanced façade solution adoption
3. International markets offer further export growth opportunities
4. Premium housing supports luxury fenestration market expansion
Threats
Intense industry competition may pressure operating margins
Construction slowdown could impact new project awards
Currency fluctuations affect profitability from overseas operations
Regulatory changes may increase project compliance costs
1. Established experience across façade solutions and fenestration
2. Diversified presence across India and overseas markets
3. Strong order book supporting future revenue visibility
4. Premium fenestration business expands addressable market opportunities
India’s façade and fenestration market is positioned for growth, supported by expanding real estate development, urbanisation and increasing demand for premium building solutions. Rising adoption of energy-efficient systems, sustainable construction practices and modern architectural designs is strengthening industry demand. Premium residential and commercial developments are also driving higher penetration of advanced façade solutions. The market is projected to grow at a 12.7% CAGR between FY2025 and FY2030.
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FAQs
Glass Wall Systems IPO opens from September 8 , 2026 to September 10, 2026.
The size of Glass Wall Systems IPO is approximately ₹427.89 crore.
The price band of Glass Wall Systems IPO is fixed at ₹172 to ₹182 per share.
To apply for Glass Wall Systems IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Glass Wall Systems IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size is 82 shares, requiring an investment of approximately ₹ 14,104.
The share allotment date of Glass Wall Systems IPO is September 11, 2026.
The Glass Wall Systems IPO will likely be listed on September 16, 2026.
IIFL Capital Services Ltd is the book-running lead manager.
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