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Glass Wall Systems IPO | Key Dates, Price Band, and Lot Size
Author
Shoonya Team
Glass Wall Systems (India) Limited is launching a ₹427.89 crore IPO, opening for subscription on September 8, 2026. The IPO will close on September 10, 2026. The shares will be listed on the BSE and NSE, with a tentative listing date of September 16, 2026.
The price band is set at ₹172 to ₹182 per share, and the minimum lot size is 82 shares. Retail investors need a minimum investment of ₹14,924 at the upper price band. In comparison, sNII investors must apply for at least 1,148 shares worth ₹2,08,936, while bNII investors must apply for at least 5,576 shares worth ₹10,14,832.
The Glass Wall Systems IPO comprises a fresh issue of 32.97 lakh shares aggregating to ₹60 crore and an offer for sale of 2.02 crore shares aggregating to ₹367.89 crore.
Glass Wall Systems | IPO Details
| Detail | Information |
|---|---|
| IPO Opening Date | September 8, 2026 |
| IPO Closing Date | September 10, 2026 |
| Tentative IPO Listing Date | September 16, 2026 |
| Face Value | ₹2 per share |
| Price Band | ₹172 – ₹182 per share |
| Lot Size | 82 shares |
| Total Issue Size | 2,35,10,425 shares, aggregating to ₹427.89 crore |
| Fresh Issue | 32,96,703 shares, aggregating to ₹60 crore |
| Offer for Sale | 2,02,13,722 shares, aggregating to ₹367.89 crore |
| IPO Segment | Main Board, Book-Building IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 8,46,38,550 shares |
| Shareholding Post-Issue | 8,79,35,253 shares |
| Market Cap (At Upper Price) | ₹1,600.42 Cr |
Glass Wall Systems | Company Overview
Incorporated in 2010, Glass Wall Systems (India) Limited provides façade and fenestration solutions in India and international markets, including the US and Australia. As of March 31, 2026, the company had completed more than 158 projects.
The company operates across three business verticals. Its domestic façade business provides design, engineering, fabrication, supply, installation and EPC services. Its international business supplies façade products to overseas contractors and façade companies.
Its customers include real estate developers, contractors, hospitals, airport authorities and companies undertaking commercial, residential and institutional projects. As of March 31, 2026, Glass Wall Systems had 370 permanent employees.
Interested in applying for the Glass Wall Systems IPO?
Subscription open September 8–10, 2026 · Price band ₹172–₹182 · Min. investment ₹14,924
Glass Wall Systems | Key Dates
- IPO Opening Date: September 8, 2026
- IPO Closing Date: September 10, 2026
- Allotment Date: September 11, 2026
- Refunds Initiated: September 15, 2026
- Shares Credited to Demat: September 15, 2026
- Listing Date: September 16, 2026
- Cut-off Time for UPI Mandate Confirmation: Typically 5 PM on the IPO closing date, September 10, 2026
Glass Wall Systems IPO | Lot Size & Investment
Investors can bid for a minimum of 82 shares and in multiples thereof. The application amounts below are calculated at the upper price band of ₹182 per share.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 82 | ₹14,924 |
| Retail Maximum | 13 | 1,066 | ₹1,94,012 |
| sNII Minimum | 14 | 1,148 | ₹2,08,936 |
| sNII Maximum | 67 | 5,494 | ₹9,99,908 |
| bNII Minimum | 68 | 5,576 | ₹10,14,832 |
Investor Category Reservations
| Category | Application Value | Cut-off Price Option |
|---|---|---|
| RII | Up to ₹2 lakh | Yes |
| sNII | Above ₹2 lakh and up to ₹10 lakh | No |
| bNII | Above ₹10 lakh | No |
Up to 50% of the offer is reserved for Qualified Institutional Buyers, at least 35% for retail investors and at least 15% for Non-Institutional Investors.
Glass Wall Systems | Financial Overview
Glass Wall Systems’ total income increased by approximately 64% between the financial years ending March 31, 2025, and March 31, 2026.
Here is a snapshot of its year-on-year financial performance:
| Detail | 31-Mar-26 | 31-Mar-25 | Change | Change % |
|---|---|---|---|---|
| Assets | 468.38 | 316.63 | +151.75 | +47.93% |
| Total Income | 471.43 | 288.14 | +183.29 | +63.61% |
| Profit After Tax | 83.79 | 57.51 | +26.28 | +45.70% |
| EBITDA | 105.20 | 73.01 | +32.19 | +44.09% |
| Net Worth | 261.58 | 175.75 | +85.83 | +48.84% |
| Reserves & Surplus | 242.96 | 158.88 | +84.08 | +52.92% |
| Total Borrowings | 6.68 | 8.46 | -1.78 | -21.04% |
Glass Wall Systems IPO | FAQs
When does the Glass Wall Systems IPO open and close?
The Glass Wall Systems IPO opens on September 8, 2026, and closes on September 10, 2026.
What is the price band and lot size for the Glass Wall Systems IPO?
The price band is ₹172 to ₹182 per share, and the minimum lot size is 82 shares. Retail investors must apply for at least one lot, amounting to ₹14,924 at the upper price band.
How can I check the allotment status of the Glass Wall Systems IPO?
You can check the IPO allotment status on MUFG Intime India Private Limited’s website using your PAN, application number or Demat account details. The status may also be available through the BSE and NSE issue pages.
Who is the registrar for the Glass Wall Systems IPO?
MUFG Intime India Private Limited is the registrar for the Glass Wall Systems IPO.
What is the refund and Demat credit date for the Glass Wall Systems IPO?
Refunds or the release of blocked funds are tentatively scheduled for September 15, 2026. Shares are also expected to be credited to successful applicants’ Demat accounts on the same date.
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