The Glass Wall Systems (India) IPO began on 08-September-2026. It will close on 10-September-2026. The Total IPO Size is 428 Crores. The company set its IPO price at Rs 182 per share.
There are three basic categories in Glass Wall Systems (India) Subscription: 1) Qualified Institutional Buyers, 2) Non-Institutional Investors, and 3) Retail.
Glass Wall Systems (India) is a premium façade solutions and fenestration provider in India and across markets in the USA and Australia.
They are the second-largest provider of façade solutions in India in terms of revenue in Fiscal 2025 and Fiscal 2024.
The operations are categorized into three main verticals:
- Domestic Façade Solutions – We provide comprehensive façade solutions including design, engineering, fabrication and manufacturing, supply and installation services, serving real estate developers, general contractors and corporate clients. We primarily undertake engineering, procurement, and construction (“EPC”) and manufacturing services for façade solutions to clients.
- International Façade Products Supply – We are focused on providing design, engineering, fabrication and manufacturing and supply of sustainable façade products tailored to the specific requirements of general contractors and façade contracting companies;
- Fenestration Solutions – With the aim of capturing the growing high-end domestic fenestration market, we have recently commenced offering fenestration solutions tailored to developers of luxury residential properties and to highnet-worth individuals in the luxury sector of the Indian market and have acquired Yes Systems Private Limited (“Yes Systems”) pursuant to a share purchase agreement dated August 21, 2025 with effect from August 21, 2025. We specialize in premium fenestration solutions, including custom-designed luxury windows, doors, skylights, and partition systems, tailored to the luxury sector of the Indian real-estate market.
Glass Wall Systems (India) IPO Promoters
Jawahar Hariram Hemrajani and Eshan Jawahar Hemrajani are the promoters of the company.
Glass Wall Systems (India) Date, Details & Price Band
The Glass Wall Systems (India) Price Band, IPO Dates, Market lot and other details are mentioned in the table below.
| IPO Opening Dates | 08-September-2026 |
| IPO Closing Dates | 10-September-2026 |
| Price | 172-182 Rs |
| Fresh Issue | 60 Crores |
| Offer for sale | 368 Crores |
| Total IPO size | 428 Crores |
| Face Value | 2 INR per share |
| Issue Type | Book Built Issue |
| Listing On | NSE, BSE |
| Pre IPO Market Cap | 1,600.42 Cr (on Upper Price) |
Glass Wall Systems (India) Market Lot
The Glass Wall Systems (India) minimum market lot is 82 shares, with a ₹14,924 application amount.
| Lot | No of Shares | Amount | |
| Retail Minimum | 1 | 82 | ₹14,924 |
| Retail Maximum | 13 | 1,066 | ₹1,94,012 |
| S-HNI Minimum | 14 | 1,148 | ₹2,08,936 |
| S-HNI Maximum | 67 | 5,494 | ₹9,99,908 |
| B-HNI Minimum | 68 | 5,576 | ₹10,14,832 |
Restated Consolidated Financial Information (Amt. in Crore)
| Total Assets | Total Revenue | Profit After Tax | |
| 31-Mar-26 | 468.38 | 471.43 | 83.79 |
| 31-Mar-25 | 316.63 | 288.14 | 57.51 |
| 31-Mar-24 | 281.76 | 310.26 | 20.25 |
Glass Wall Systems (India) GMP & Grey Market Premium
The Glass Wall Systems (India) GMP (Grey Market Premium) has started today. Check the Latest Glass Wall Systems (India) GMP, Kostak Rates, and Subject to Sauda Price here.
Glass Wall Systems (India) Prospectus
The Glass Wall Systems (India) Prospectus is Available on the NSE/BSE and SEBI websites, as well as on our Portal. Please click here to download the Glass Wall Systems (India) Prospectus.
| DRHP | Download |
| RHP | Download |
| Anchor Investors List | Download |
Glass Wall Systems (India) Allotment Date & Details
| Allotment Date | 11-September-2026 |
| Initiation of refunds | 15-September-2026 |
| Transfer of shares to Demat accounts | 15-September-2026 |
| Listing Date | 16-September-2026 |
| Check Allotment Status | Click here |
Glass Wall Systems (India) Registrar
MUFG Intime India Private Limited (Formerly Link Intime India
Private Limited)
C-101,
Embassy 247, Lal Bahadur Shastri Marg
Vikhroli (West), Mumbai 400 083 Maharashtra, India
Telephone: +91 810 811 4949
E-mail: glasswallsystems.ipo@in.mpms.mufg.com
Investor grievance email:
glasswallsystems.ipo@in.mpms.mufg.com
Website: www.in.mpms.mufg.com
Contact person: Shanti Gopalkrishnan
SEBI Registration No: INR000004058
Glass Wall Systems (India) Contact 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
+91 22 6103 3456
compliance@glasswallsystem.com
Glass Wall Systems (India) Lead Managers
Motilal Oswal Investment Advisors Limited
Motilal Oswal Tower, Rahimtullah, Sayani Road,
Opposite Parel ST Depot, Prabhadevi
Mumbai 400 025, Maharashtra, India
Telephone: +91 22 7193 4380
Email: gws.ipo@motilaloswal.com
Website: www.motilaloswal.com
Investor grievance email: moiaplredressal@motilaloswal.com
Contact person: Ronak Shah / Vaibhav Shah
SEBI Registration No: INM000011005
IIFL Capital Services Limited (formerly known as IIFL
Securities Limited)
24th Floor, One Lodha Place, Senapati Bapat Marg, Lower Parel (W),
Mumbai 400 013, Maharashtra, India
Telephone: +91 22 4646 4728
E-mail: gws.ipo@iiflcap.com
Investor Grievance E-mail: ig.ib@iiflcap.com
Website: www.iiflcapital.com
Contact Person: Gaurav Mittal / Pawan Kumar Jain
SEBI Registration No.: INM000010940
