Glass Wall Systems Shares List at 7% Premium on NSE
Glass Wall Systems made its stock market debut on Wednesday, September 16, 2026, with its shares listing at a 6.59% premium on the NSE. The stock opened at ₹194.00 apiece on the NSE against its IPO issue price of ₹182 per share. On the BSE, the shares debuted at ₹190.10 per share, representing a 4.45% premium over the issue price.
The company’s ₹427.89 crore IPO was open for subscription from September 8 to September 10, 2026, and witnessed strong investor interest. The issue was subscribed 81.65 times by the end of the bidding period.
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
Explore other Upcoming IPOs on BSE and NSE.
Glass Wall Systems IPO Overall Subscription Status
[September 10, 2026, 7:00 P.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
167.93x |
|
Non-Institutional Investors (NIIs) |
79.71x |
|
Retail Individual Investors (RIIs) |
33.18x |
|
Total |
81.65x |
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
Incorporated in India, Glass Wall Systems Limited provides premium façade and fenestration solutions, with operations spanning India, 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 architectural glazing products.
The company operates through three business segments: domestic façade solutions, international façade product supply, and fenestration solutions. Its integrated capabilities include design, engineering, manufacturing, and installation, supported by its manufacturing facility in Vile Bhagad, Maharashtra, which has a post-expansion production capacity of 130 panels per day.
Key Financial Highlights
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from operations |
456.97 |
278.33 |
304.34 |
|
EBITDA |
105.20 |
73.01 |
54.70 |
|
Profit After Tax (PAT) |
83.79 |
57.51 |
20.25 |
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