Glass Wall Systems IPO Day 3: Subscription Status, Timeline & Key Issue Details

Glass Wall Systems's ₹427.89 crore initial public offering (IPO) entered its third day of public subscription today, September 10, 2026, with a price band of ₹172 to ₹182 per share. As of 10:30 A.M on the third day of bidding, the issue had been subscribed 11.58 times.

The basis of allotment is expected to be finalised on September 11, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 16, 2026.

Glass Wall Systems IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹427.89 crore
• Fresh Issue: Up to ₹60.00 crore
• Offer for Sale (OFS): Up to ₹367.89 crore
• Face Value: ₹2 per equity share
• Price Band: ₹172 to ₹182 per share
• Lot Size: 82 shares
• Minimum Investment Amount (Retail Investor): ₹14,924 (82 shares at the upper price)
• Listing: BSE, NSE
• Book Running Lead Managers: IIFL Capital Services Limited, Motilal Oswal Investment Advisors Limited
• Registrar: MUFG Intime India Private Limited

Glass Wall Systems IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Glass Wall Systems IPO Day 3 Subscription Status

[September 10, 2026, 10:30 A.M.]

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

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

About Glass Wall Systems Limited

Glass Wall Systems Limited is an Indian company engaged in providing premium façade and fenestration solutions, with operations extending to the USA and Australia. With over two decades of industry experience, the company had completed 158 projects as of March 31, 2026, offering façade systems, aluminium doors and windows, skylights, and other advanced architectural glazing products.

The company operates through three business verticals: domestic façade solutions, international façade product supply, and fenestration solutions. It provides end-to-end services spanning design, engineering, manufacturing, and installation, supported by its manufacturing facility in Vile Bhagad, Maharashtra, which has an expanded production capacity of 130 panels per day.

Key Financial Highlights 

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.   

To read the RA disclaimer, please click here