About Glass Wall Systems (India) Ltd IPO
Incorporated in 2010, Glass Wall Systems (India) Limited is a premium façade solutions and fenestration provider with operations in India, the USA and Australia. With over two decades of experience, the Company has completed 158 projects as of March 31, 2026.
The Company offers façade and fenestration solutions including curtain wall façades, storefront façades, unitized and semi-unitized curtain walls, frameless façades, skylights, canopies, louvers, rainscreen cladding, diagrids, and aluminium doors and windows.
Its business operates across three verticals: Domestic Façade Solutions, International Façade Products Supply and Fenestration Solutions. The Company provides end-to-end services covering design, engineering, manufacturing, supply and installation.
The Company has an integrated delivery model encompassing design and engineering, manufacturing and project management. Its design and engineering team comprises over 46 designers, while its Vile Bhagad manufacturing facility in Maharashtra is spread across a developed area of 32,415.45 sq. m. and has a post-expansion production capacity of 130 panels per day as of March 31, 2026. The facility is equipped with CNC machinery and operates under ISO 9001:2015 and ISO 45001:2018 certifications.
The Company serves real estate developers, hospitals, airport authorities, general contractors and corporate clients across India, along with façade and general contractors in the USA and Australia.
The Company has executed notable projects across India and international markets, including The Capital, Kohinoor Square, Bagmane Rio and Lodha World One in India, as well as Jackson Avenue, 1400 South Wabash, Spark GTIC and Harper Court in the U.S. and Project Dove in Australia.
Incorporated in 2010, Glass Wall Systems (India) Limited is a premium façade solutions and fenestration provider with operations in India, the USA and Australia. With over two decades of experience, the Company has completed 158 projects as of March 31, 2026. The Company offers façade and fenestration solutions including curtain wall façades, storefront façades, unitized and se
Glass Wall Systems IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 50% | 1,18,51,047 crores |
| Non-Institutional Investors (NIIs) | 15% | 35,55,314.1 crores |
| Retail Individual Investors (RIIs) | 35% | 82,95,732.9 crores |
Glass Wall Systems IPO Strengths & Weaknesses
Established presence in the domestic and international façade and fenestration markets, supported by a diversified business model.
Established client relationships and a proven track record of executing projects across domestic and international markets.
Strategically located manufacturing facility in Maharashtra with access to key transportation and port infrastructure.
Focus on Sustainable, High-Performance Solutions.
Dependence on a limited number of suppliers without long-term agreements exposes the Company to raw material price volatility, shortages and supply disruptions.
Overseas operations contributed 45.20%, 41.21% and 43.38% of revenue from operations in Fiscals 2026, 2025 and 2024, respectively. Adverse developments in these markets could impact the Company’s business and financial performance.
Failure to effectively integrate and manage acquired companies or businesses could adversely affect profitability and growth plans.
Dependence on a single manufacturing facility at Vile Bhagad, Maharashtra exposes the Company to risks from disruptions, shutdowns or adverse developments affecting the facility or region.
Glass Wall Systems IPO Important Dates & Issue Details
| Allotment Date | Listing Date | Refund Date |
|---|---|---|
| 11 Sep '26 | 16 Sep '26 | 15 Sep '26 |
| Issue Composition: | |
|---|---|
| Face Value | ₹2 per share |
| Total Issue Size | 2,37,02,094 shares (aggregating up to ₹14,924 crores) |
| Fresh Issue | 16,48,351.5 shares (aggregating up to ₹32,96,703 crores) |
| Offer for Sale | 1,01,06,861 shares of ₹2 (aggregating up to ₹2,02,13,722 crores) |
| Issue Type | Book Building IPO |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 100 shares |
| Post-Issue Shareholding | 100 shares |
Glass Wall Systems IPO Lot Size and Investment Details
| Minimum Lot Size | 82 shares |
| Maximum Lot Size (Retail) | 2,706 shares |
The lot size of Glass Wall Systems ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for Glass Wall Systems IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
Glass Wall Systems IPO Contact & Registrar Details
Contact Details
Address
503-504, 5th Floor, A Wing Marathon Futurex, Mafatlal Mills Compound N.M. Joshi Marg, Lower Parel (East) Mumbai
Phone Number
Registrar Details
Registrar Name
MUFG Intime India Pvt.Ltd.
Phone Number
Glass Wall Systems Lead Manager(s)
| Book Running Lead Manager(s) |
|---|
| IIFL Capital Services Ltd. | Motilal Oswal Investment Advisors Ltd. |
