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Glass Wall Systems (India) Ltd.

NSE & BSE
ListedListed on 16 Sept 2026+4.5%

₹172–182

₹ 300 Cr

82 Shares

₹ 14,104

₹2

Financial Summary

Consolidated(in ₹ million)
ParticularsFY 2025-26FY 2024-25
4,569.712,783.27
144.54101.93
4,714.252,885.2
3,517.732,057.02
1,110.95756.04
837.89575.1

Subscription Details

81.65xTotal
Subscription
33.18x
79.71x
167.93x
0.00x

IPO Timeline

IPO Offer Start

8 Sept 2026

IPO Offer Ends

10 Sept 2026

16 Sept 2026

Use of Proceeds

#PurposeAmount (₹ Million)
1Funding capital expenditure requirement for setting up of GPU Project as part of planned500

Promoters

Jawahar Hariram HemrajaniEshan Jawahar Hemrajani

Book Running Lead Managers

IIFL Capital Services Ltd.Motilal Oswal Investment Advisors Pvt Ltd

Promoter Shareholding

Pre-IPO

64.38%

Promoter stake

Post-IPO

53.22%

Promoter stake

Offered to Public

2,37,02,094

shares

Post Share Capital

4,68,00,462

shares

IPO Registrar

MUFG Intime India Pvt Ltd.

About the Company

The façade and fenestration sector serves as the critical interface between a building’s interior and its externalenvironment, combining advanced materials, precision engineering and architectural design to deliver both form andfunction. (Source: Ken Report) Façade solutions are integral components of modern architectural design,encompassing the exterior cladding of a building. (Source: Ken Report) Our façade solutions ensure the developmentof building exteriors that are both functional and visually appealing, while promoting sustainability and compliancewith international standards, such as ASTM International and Australian / New Zealand standards. Our offeringsinclude curtain wall facades, storefront wall facades, unitized and semi-unitized curtain wall facades and framelessfacades. These systems are highly engineered products designed based on stringent technical specifications to providestability and structural integrity to building frameworks. They enhance thermal efficiency, acoustic performance, andaesthetic appeal while ensuring structural integrity and durability.

Use of Proceeds

1. Funding capital expenditure requirement for setting up of a glass processing unit (“GPU Project”) as part of planned backward integration of the Company at our Vile Bhagad Facility;2. General corporate purposes.

IPO FAQs

The Glass Wall Systems (India) Ltd. IPO has a total of ₹300 crore, calculated at the upper end of the .

The Glass Wall Systems (India) Ltd. IPO is priced at ₹172–182 per share. bids must fall within this , against a of ₹2 per share.

The for the Glass Wall Systems (India) Ltd. IPO is 82 shares, which is also the minimum order quantity — you have to apply for at least 82 shares, and in multiples of 82 beyond that.

The minimum investment in the Glass Wall Systems (India) Ltd. IPO is about ₹14,104 — one lot of 82 shares, calculated at the lower end of the .

Bidding at the cut-off or upper price raises the amount blocked in your account.

The Glass Wall Systems (India) Ltd. opens on 8 Sept 2026 and closes on 10 Sept 2026.

Applications have to be in before 5:00 PM IST on the closing day, and your UPI mandate needs to be approved by then as well.

Glass Wall Systems (India) Ltd. shares were listed on 16 Sept 2026 on BSE and NSE.

MUFG Intime India Pvt Ltd. is the for the Glass Wall Systems (India) Ltd. IPO.

The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them — phone +91 810 811 8484 and email rnt.helpdesk@in.mpms.mufg.com.

Glass Wall Systems (India) Ltd. IPO shares are listed on BSE and NSE.

Each Glass Wall Systems (India) Ltd. share has a of ₹2.

Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.

held 64.38% of Glass Wall Systems (India) Ltd. before the IPO, which falls to 53.22% after the issue.

2,37,02,094 shares of Glass Wall Systems (India) Ltd. are being offered to the public in this issue.

The Glass Wall Systems (India) Ltd. IPO has been subscribed 81.65x overall — 167.93x, 79.71x and 33.18x.

figures update through the issue period until it closes.

  1. 1.Funding capital expenditure requirement for setting up of a glass processing unit (“GPU Project”) as part of planned backward integration of the Company at our Vile Bhagad Facility
  2. 2.General corporate purposes

IIFL Capital Services Ltd. and Motilal Oswal Investment Advisors Pvt Ltd are the for the Glass Wall Systems (India) Ltd. IPO.

Pre-apply means placing your Glass Wall Systems (India) Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.

Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.

You can apply in the Glass Wall Systems (India) Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.

Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.

Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.

You can check the Glass Wall Systems (India) Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.