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Business Desk – Glass Wall Systems IPO: The IPO of Glass Wall Systems (India) is going to open soon in the stock market. The company has fixed the price band of its IPO. The issue will open on 8 September 2026 (Tuesday) and close on 10 September 2026 (Thursday). Whereas, the IPO for Anchor Investors will open on 7 September 2026 (Monday). The company has fixed the price band of Rs 172 to Rs 184 per share for the IPO.

There will be 84 shares in one lot in IPO. According to the upper price band i.e. Rs 184, investors will have to invest Rs 15,456 for one lot. Face value of the share is Rs 2 per share. The company's shares will be listed on both BSE and NSE.

What is special in Glass Wall Systems IPO?

The company is issuing a fresh issue of Rs 60 crore through IPO. Apart from this, 2,02,13,722 shares will be sold under Offer for Sale (OFS). Company promoters Jawahar Hariram Hemrajani and Eshan Jawahar Hemrajani will sell their stake in OFS. India Business Excellence Fund IIA will also reduce its stake.

According to the company, out of the amount received from Fresh Issue, Rs 50 crore will be used for Capital Expenditure. This amount will be spent on the integration of Glass Processing Unit in Vile Bhagad Facility in Maharashtra. The remaining amount will be used for general corporate purposes. 50% of the IPO has been reserved for QIB, 15% for NII and 35% for Retail Investors. IIFL Capital Services and Motilal Investment Advisors are the book-running lead managers of the issue, while MUFG Intime India is the registrar to the IPO.

The company was started in 2002

Glass Wall Systems was established in 2002. The company operates in the business of Facade Solutions and Fenestration. Apart from India, the company also has business in America and Australia.

According to the company, according to Ken Report data, Glass Wall Systems was the second largest company in India's Facade Solutions Industry on the basis of revenue in fiscal years 2025 and 2024. At the same time, it remained India's largest Facade Exporter company on the basis of Revenue in 2024.

The company has completed 158 projects

By March 31, 2026, Glass Wall Systems had completed 158 projects. The company's products and services are used in commercial, residential and institutional projects. Its customers include Real Estate Developers, Hospitals, Airport Authorities, General Contractors and Corporate Companies.

The company provides products and solutions like Curtain Wall Facade, Storefront Wall Facade, Unitized and Semi-Unitized Curtain Wall Facade, Frameless Facade, Skylights, Canopies, Space Frames, Louvers, Rain Screen Cladding, Diagrids and Aluminum Doors-Windows.

What is Facade and Fenestration Business?

Facade and Fenestration is a business to the external structure of a building and its openings. In this, engineering and design are used along with glass, aluminum and other materials. Its objective is not only to enhance the beauty of the building, but also to improve energy efficiency and structural performance.

Capacity to make 130 panels daily

As of March 2026, the company's facility area was 32,415.45 square meters. After expansion, its production capacity has increased to 130 panels per day. The company has four production lines in this facility. By March 2026, more than 120 employees were working here.

Order book of more than Rs 980 crore

By July 2026, the order book of Domestic Facade Solutions of Glass Wall Systems stood at Rs 626.09 crore. Apart from this, there were outstanding orders of International Facade Product Supply worth Rs 186.19 crore. At the same time, the order book of the company's Fenestration Business under Yes Systems was Rs 169.26 crore. In this way, after adding these figures, the company had a total of orders worth Rs 981.54 crore to Domestic and International Business.

For the company, this strong order pipeline can become the basis of revenue growth in the coming times. However, before investing in any IPO, it is important to look at the company's Financial Performance, Valuation, Risk Factors and other information to the IPO.