IPO profile
Glass Wall Systems (India) Limited
GLASSWALL · NSE
- Price band
- ₹172 - ₹182
- Subscription
- Not available
Application & Issue Details
- Minimum Quantity
- 82 shares
- Minimum Application
- ₹14,924
- Issue Size
- Rs. 428 Cr
- Face Value
- Not available
- Issue Price
- ₹182
Company Overview
Glass Wall Systems India delivers turnkey domestic and international façade and fenestration solutions. Operating from Vile Bhagad, Maharashtra, the company integrates engineering, manufacturing, and installation for developers and contractors. Its core portfolio includes performance glass, aluminium extrusions, and curtain walls, expanded via the acquisition of Yes Systems. Revenue is driven by competitive project bidding and export sales.
Important Dates
- Open Date
- 8 Sept 2026
- Close Date
- 10 Sept 2026
- Allotment Date
- Not available
- Listing Date
- 16 Sept 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
Subscription data not available yet.
Actual Listing Performance
- Listing Date
- 16 Sept 2026
- Actual Listing Price
- ₹194
- Gain/Loss Per Share
- +₹12
- Gain/Loss Per Lot
- +₹984
- Listing Gain/Loss %
- +6.59%
- Measured Against
- ₹182
- Lot Size
- 82 shares
Historical result from the reported listing price, compared with the issue price. Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported strengths
- Proven track record in executing complex façade engineering projects.
- Diversified revenue across domestic, global, and luxury fenestration markets.
- Fully integrated in-house manufacturing and execution capabilities.
- Strategic backward integration to optimize costs and supply chain control.
- High repeat order rate from major domestic and international developers.
Key risks
- Top ten clients account for a massive 86.40% of total revenue.
- Complete reliance on a single manufacturing facility in Maharashtra.
- High vulnerability to raw material price volatility without long-term contracts.
- Outstanding tax demands and contingent liabilities totaling ₹33.41 crores.
- Financial performance is highly sensitive to real estate market cycles.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 12:08 pm IST · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.