Glass Wall Systems IPO: Price Band & Rs 431 Cr Details
By ThePip Desk
Discover Glass Wall Systems (India) IPO details, price band at Rs 172-182, and timeline to raise Rs 431.38 crore. Opens Sept 8, 2026.
IPO Details and Timeline
Glass Wall Systems (India) is launching an initial public offering (IPO) to raise up to Rs 431.38 crore. The subscription window for the issue opens on September 08, 2026, and concludes on September 10, 2026.
- Issue size: 2,37,02,094 shares.
- Price band: Rs 172-182 per equity share.
- Face value: Rs 2 per share.
- Listing exchanges: BSE and NSE.
Allocation and Management
The offering follows a 100% book building process. Allocation quotas for different investor categories are set as follows:
- Qualified Institutional Buyers: Not more than 50% of the issue.
- Mutual funds: 5% of the QIB portion.
- Non-institutional bidders: Not less than 15% of the issue.
- Retail investors: 35% of the issue.
- Lead managers: IIFL Capital Services and Motilal Oswal Investment Advisors.
- Compliance officer: Sagar Lambole.
Business Operations
The company operates across three distinct business verticals. Each segment carries different margin profiles and execution requirements.
- Domestic facade solutions: Executed under EPC contracts involving design, engineering, manufacturing, supply, and installation.
- International facade products supply: Focuses on exports to the USA and Australia, excluding on-site installation.
- Fenestration solutions: Provided through subsidiary Yes Systems, targeting the premium residential sector in India.
Revenue recognition for domestic projects follows the percentage of completion method. This makes financial performance sensitive to site readiness, client approvals, and project execution timelines.