Glass Wall Systems IPO

The Glass Wall Systems IPO is a book-built issue of Rs 427.89 crore, comprising a fresh issue of 32.97 lakh shares worth Rs 60 crore and an offer for sale of 2.02 crore shares worth Rs 367.89 crore, opening for subscription from Sep 8 to Sep 10, 2026, with allotment expected on Sep 11, 2026 and a tentative listing on NSE and BSE on Sep 16, 2026. The IPO’s price band is Rs 172 to Rs 182 per share, with a lot size of 82 shares, requiring a minimum retail investment of Rs 14,924. IIFL Capital Services Ltd. is the lead manager, and MUFG Intime India Pvt. Ltd. is the registrar for the issue.

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Glass Wall Systems IPO Details

Check out the issue details for Glass Wall Systems IPO as disclosed in SEBI.

IPO Price

₹ 182

Price Band

₹ 172 - 182

Issue Size

428.00 Cr.

Issue Type

Book Built

Open

2026-09-08

Close

2026-09-10

Listing price

₹ 194

Listing Gain

6.59%

Listing Date

2026-09-16

CMP

₹ 286.55

Current Return

57.45%

Company Financials

You can get the following financial statements of Glass Wall Systems as of now.

Glass Wall Systems IPO Details

The details about the Glass Wall Systems IPO are as follows:

  • The issue size of the IPO is Rs 427.89 Cr.
  • The price band for Glass Wall Systems IPO is Rs 172 to Rs 182.
  • The shares of Glass Wall Systems IPO will list on BSE and NSE.
  • The latest tentative GMP of Glass Wall Systems IPO is Rs .
  • The shares of Glass Wall Systems IPO are subscribed 81.65 Times.

 

Glass Wall Systems IPO Valuation

The approximate valuation of Glass Wall Systems IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 182
Existing Shares (Qty) 8.46 Cr
Fresh Issue Rs 60.00 Cr
Market Cap Rs 1599.72
EPS (FY25) Rs 9.90
PE Ratio 18.38x
Industry PE 16.54x

 

Glass Wall Systems IPO Issue Size

Glass Wall Systems IPO issue size is Rs 427.89 Cr.

Issue Amount
Fresh Issue Rs 60.00 Cr
Offer For Sale Rs 367.89 Cr

 

Glass Wall Systems IPO Market Lot

An individual can apply for a minimum of 1 lot of 82 shares and a maximum of 13 lots (1,066 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 82 Rs 14,924
Retail Maximum 13 1,066 Rs 1,94,012

 

Glass Wall Systems IPO Share Offer

The shares of Glass Wall Systems IPO are subscribed 81.65 Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not more than 50%
Non-Institutional Not less than 15%
Retail Individual Not less than 35%

 

Glass Wall Systems IPO GMP (Grey Market Premium)

As on GMP (Tentative)
Sep 8, 2026 Rs

Glass Wall Systems IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

Glass Wall Systems IPO Dates

Find below the dates for Glass Wall Systems IPO

Schedule Date
Basis of Allotment 11 Sep 2026
Refunds 15 Sep 2026
Credit to Demat Account 15 Sep 2026
IPO Listing Date 16 Sep 2026

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2023 Mar 2024 Mar 2025
Net Sales 240.51 282.17 244.76
Total Expenditure 231.52 239.71 187.06
Operating Profit 8.99 42.46 57.7
Other Income 4.53 6.57 7.32
Interest 8.46 8.41 3.02
Depreciation 3.02 3.02 3.07
Exceptional Items 0 -16.19 0
Profit Before Tax 2.04 21.42 58.93
Provision for Tax -14.07 9.47 15.12
Net Profit 16.11 11.95 43.81
Adjusted EPS (Rs.) 0.17 0.12 0.58

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 19.44 19.44 15.18
Total Reserves 82.75 94.6 138.32
Borrowings 10.06 8.46 6.73
Other N/C liabilities -18.7 -9.93 1.24
Current liabilities 187.9 133.01 125.77
Total Liabilities 281.45 245.58 287.24
Assets
Net Block 46.16 45.19 45.62
Capital WIP 0 0 7.93
Intangible WIP 0 0 0
Investments 0.05 0.05 0.05
Loans & Advances 36.99 31.39 25.72
Other N/C Assets 14.09 4.1 5.17
Current Assets 184.16 164.85 202.75
Total Assets 281.45 245.58 287.24
* Other Non-current Liabilities include Net deferred Liabilities

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2026 53.22 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2023 Mar 2024 Mar 2025
Profit from operations 2.04 21.42 58.93
Adjustment 9.97 31.7 1.1
Changes in Assets & Liabilities 2.61 -20.2 10.37
Tax Paid 4.2 1.2 -3.23
Operating Cash Flow 18.81 34.13 67.17
Investing Cash Flow 3.11 10.63 -55.11
Financing Cash Flow -22 -37.95 -18.66
Net Cash Flow -0.08 6.81 -6.59
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