Glass Wall Systems (India) Limited IPO Details
Factual IPO information from public filings. Not investment advice.
Issue Details
- Price Band
- ₹172 – ₹182
- Lot Size
- 82 shares
- Min. Investment
- ₹14,924
- Total Issue Size
- ₹427.89 Cr
- 2,35,10,425 shares
- Fresh Issue
- ₹60 Cr
- 32,96,703 shares
- Offer for Sale
- ₹367.89 Cr
- 2,02,13,722 shares
- Face Value
- ₹2 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE, NSE
- Shares Pre-Issue
- 8,46,38,550
- Shares Post-Issue
- 8,79,35,253
Lot Size & Investment
1 lot = 82 shares
Retail (min)
1 lot · 82 shares
Retail (max)
13 lots · 1,066 shares
S-HNI (min)
14 lots · 1,148 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 82 | ₹14,924 |
| Small HNI (S-HNI) | 14 | 1,148 | ₹2,08,936 |
| Big HNI (B-HNI) | 68 | 5,576 | ₹10,14,832 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 468.38 | 316.63 | 281.76 |
| Total Income | 471.43 | 288.14 | 310.26 |
| Profit After Tax | 83.79 | 57.51 | 20.25 |
| EBITDA | 105.2 | 73.01 | 54.7 |
| Net Worth | 261.58 | 175.75 | 122.6 |
| Reserves & Surplus | 242.96 | 158.88 | 101.47 |
| Total Borrowing | 6.68 | 8.46 | 24.85 |
Key Performance Indicators
| Period | Mar-26 | Mar-25 |
|---|---|---|
| RoNW (%) | 32.03 | 32.72 |
| EPS (₹) | — | 9.9 |
| P/E (pre-issue) | — | 18.38 |
| P/E (post-issue) | — | 19.1 |
About Glass Wall Systems (India) Limited
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.
Company Information
- Book running lead managers
- IIFL Capital Services Ltd.
- Motilal Oswal Investment Advisors Ltd.
- Registered office
- 503-504, 5th Floor, A Wing, Marathon Futurex, Mafatlal Mills Compound, N.M. Joshi Marg, Lower Parel (East), Mumbai, Maharashtra, 400013