Status
Listed
Price band
₹172–₹182
Shares in one lotA lot is the smallest bundle of shares you can apply for. Lot size, in the glossary
82 shares
Minimum money
₹14,924 for 1 lot
Issue size
₹427.89 crore
Dates
8 Sept 2026 – 10 Sept 2026
Official links
- Prospectus
- Allotment statusAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
How to apply
Use UPI and ASBA. The guide covers the close, allotment, and the T+3 listing.
Open the guideRelated guides
Glass Wall Systems (India) Ltd. IPO is listed. It opens on 8 Sept 2026 and closes on 10 Sept 2026. The price band is ₹172 to ₹182. One lot is 82 shares, and the minimum amount is ₹14,924. The issue size is ₹427.89 crore, with a fresh issue of ₹60 crore and an offer for sale of ₹367.89 crore. In FY26, total income was ₹471.43 crore and profit after tax was ₹83.79 crore. Total income was up 63.6% from ₹288.14 crore in FY25. Profit after tax was up 45.7% from ₹57.51 crore in FY25.
The total subscription for Glass Wall Systems (India) Ltd. is 81.65 times.
Glass Wall Systems (India) Ltd. listed at ₹194.
Glass Wall Systems designs and installs glass facades and window systems for buildings. It works in India and overseas markets such as the US and Australia.
Dates
Opens
8 Sept 2026
Closes
10 Sept 2026
AllotmentAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
11 Sept 2026
Refunds
15 Sept 2026
Demat credit
15 Sept 2026
Listing
16 Sept 2026
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
- Issue Expenses
Promoters
Jawahar Hariram Hemrajani and Eshan Jawahar Hemrajani
Subscription
Subscribed 81.65x overall. Final, as of 10 Sept 5 pm IST.
Big fundsQIB means a big institution, such as a mutual fund or a bank. How allotment works
167.93x
Large bidsNII means a bid bigger than the retail limit, and not from a big institution. How allotment works
79.71x
Retail
33.18x
Total
81.65x
Issue structure
Fresh issue and offer for sale
How the issue is split. Amounts are in ₹ crore.
| Part | Amount |
|---|---|
| Fresh issue | ₹60 crore |
| Offer for sale | ₹367.89 crore |
Reservation
Share kept for each group. The percents are the published figures.
| Part | Amount |
|---|---|
| Retail | 35% |
| Large bids | 15% |
| Big funds | 50% |
Issue
- Face value
- ₹2
- Fresh issue
- ₹60 crore
- Offer for saleOFS means offer for sale. Existing owners are selling shares. The company does not get that money.
- ₹367.89 crore
- Exchanges
- BSE, NSE
- Registrar
- MUFG Intime India Pvt. Ltd.
Reservation
- Retail
- 35%
- Large bidsNII means a bid bigger than the retail limit, and not from a big institution. How allotment works
- 15%
- Big fundsQIB means a big institution, such as a mutual fund or a bank. How allotment works
- 50%
Financials
₹ crore, for the last three reported years.
Total income and profit
Each chart has its own scale. Amounts are in ₹ crore.
Total income
Profit after tax
| Year | Total income | Profit |
|---|---|---|
| FY24 | ₹310.26 crore | ₹20.25 crore |
| FY25 | ₹288.14 crore | ₹57.51 crore |
| FY26 | ₹471.43 crore | ₹83.79 crore |
Net worth
₹ crore, for each year that reports net worth.
| Year | Net worth |
|---|---|
| FY24 | ₹122.6 crore |
| FY25 | ₹175.75 crore |
| FY26 | ₹261.58 crore |
| Year | Total income | PAT | Net worth | Assets | Borrowings |
|---|---|---|---|---|---|
| FY24 | 310.26 | 20.25 | 122.6 | — | — |
| FY25 | 288.14 | 57.51 | 175.75 | — | — |
| FY26 | 471.43 | 83.79 | 261.58 | — | — |
Listing
- Listing price
- ₹194
- Close on listing day
- ₹214.85
- Listing gainListing gain is how far the first traded price sits above or below the issue price. Capital gains, in the glossary
- 6.59% versus ₹182
Frequently asked questions
When does this issue open?
It opens on 8 Sept 2026 and closes on 10 Sept 2026.
What is the lot size and the minimum amount?
One lot is 82 shares. The minimum amount is ₹14,924 for 1 lot.
When are allotment and listing?
Allotment is on 11 Sept 2026. Listing is on 16 Sept 2026.
What is the price band?
The price band is ₹172 to ₹182.
What is the issue size?
The issue size is ₹427.89 crore.
How many times was it subscribed?
The total subscription is 81.65 times, checked 10 Sept 2026, 5:00 pm IST.
What was the listing gain?
The listing gain against the top of the price band is 6.59%.
This page is a calendar of dates and prices. It is not a recommendation to apply.