Glass Wall Systems IPO Details
Glass Wall Systems IPO Market Lot
The Glass Wall Systems IPO minimum market lot is 82 shares with ā¹14,924 application amount. The retail investors can apply up-to 13 lots with 1,066 shares of ā¹1,94,012 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 82 | ā¹14,924 |
| Retail Maximum | 13 | 1,066 | ā¹1,94,012 |
| S-HNI Minimum | 14 | 1,148 | ā¹2,08,936 |
| S-HNI Maximum | 67 | 5,494 | ā¹9,99,908 |
| B-HNI Minimum | 68 | 5,576 | ā¹10,14,832 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 70,53,127 Shares | 30% |
| QIB (Ex. Anchor) | 47,02,085 Shares | 20% |
| NII Shares Offered | 35,26,564 Shares | 15% |
| Retail Shares Offered | 82,28,649 Shares | 35% |
Glass Wall Systems IPO Anchor Investors
Glass Wall Systems IPO Dates
The Glass Wall Systems IPO date is September 8 and the close date is September 10. The Glass Wall Systems IPO allotment will be finalized on September 11 and the IPO listing on September 16.
| IPO Open Date: | September 8, 2026 |
| IPO Close Date: | September 10, 2026 |
| Basis of Allotment: | September 11, 2026 |
| Refunds: | September 15, 2026 |
| Credit to Demat Account: | September 15, 2026 |
| IPO Listing Date: | September 16, 2026 |
Promoters and Holding Pattern
The promoters of the company are Jawahar Hariram Hemrajani and Eshan Jawahar Hemrajani.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | 54,494,876 | 64.38% | 34,281,154 | 38.98% |
| Others* | 30,143,674 | 35.62% | 53,654,099 | 61.02% |
| Total | 8,46,38,550 | 100% | 87,935,253 | 100% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| Funding capital expenditure requirement for setting up of a glass processing unit (āGPU Projectā) as part of planned backward integration of the Company at our Vile Bhagad Facility; | ā¹60.00 |
| Purposes | ā¹- |
About Glass Wall Systems
Glass Wall Systems (India), founded in 2010, is one of the leading Facade Solutions (exterior glass/wall systems) and fenestration providers (windows/doors) across India and the international market in the United States and Australia. The firm has over 20 years of industry experience and has completed more than 158 projects so far.
The company runs 3 main businesses: Domestic FaƧade Solutions: Designs, makes, supplies, and installs building exteriors for Indian clients. International FaƧade Products: supplies eco-friendly faƧade products overseas. Fenestration solutions: Makes premium windows, doors, skylights, and partitions for high-end customers in India. The firm serves its products to various clients, including real estate developers, contractors, hospitals, airport authorities, and corporations in commercial, residential, and institutional projects.
Company Financials
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ā¹310.26 | ā¹262.72 | ā¹20.25 | ā¹281.76 |
| 2025 | ā¹288.14 | ā¹212.53 | ā¹57.51 | ā¹316.63 |
| 2026 | ā¹471.43 | ā¹360.33 | ā¹83.79 | ā¹468.38 |
Company Valuation – FY2026
Check Glass Wall Systems IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 38.62% |
| ROCE: | 43.01% |
| EBITDA Margin: | 23.02% |
| PAT Margin: | 18.34% |
| Debt to equity ratio: | 0.03 |
| Earning Per Share (EPS): | ā¹9.90 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 32.03% |
| Net Asset Value (NAV): | ā¹30.91 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Innovator FaƧade Systems Limited | 7.19 | 16.54 | 8.65% | 83.15 | 227.52 Cr. |
IPO Lead Managers aka Merchant Bankers
- IIFL Capital Services Ltd.
- Motilal Oswal Investment Advisors Ltd.
Company Address
Glass Wall Systems (India) Ltd.
503-504, 5th Floor, A Wing
Marathon Futurex, Mafatlal Mills Compound
N.M. Joshi Marg, Lower Parel (East)
Mumbai, Maharashtra, 400013
Phone: +91 22 6103 3456
Email: compliance@glasswallsystem.com
Website: http://www.glasswallsystems.in/
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: 022-49186000
Email: glasswallsystems.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
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