Glass Wall Systems IPO Day 1: Subscription Status, Timeline & Key Issue Details

Glass Wall Systems's ₹427.89 crore initial public offering (IPO) opened for public subscription today, September 8, 2026, with a price band of ₹172 to ₹182 per share. As of 10:12 A.M on the first day of bidding, the issue had been subscribed 0.15 times.

The IPO will remain open for subscription until September 10, 2026. 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 1 Subscription Status

[September 8, 2026, 10:12 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 specializing in premium façade and fenestration solutions, with a presence in the USA and Australia. Backed by more than 20 years of industry experience, it has completed 158 projects as of March 31, 2026, delivering façade systems, aluminium doors and windows, skylights, and other high-end architectural glazing solutions.

The company operates across three key segments: domestic façade solutions, international façade product supply, and fenestration solutions. It offers end-to-end capabilities covering design, engineering, manufacturing, and project execution, supported by its manufacturing facility at Vile Bhagad, Maharashtra, which has a post-expansion production capacity of 130 panels per day.

Key Financial Highlights 

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