Archive · 3 Sep 2026
Glass Wall Systems Sets IPO Price Band at ₹172–₹182
Glass Wall Systems is planning to sell shares to the public for the first time.
Each share will cost between ₹172 and ₹182.
The IPO will open on 8 September and close on 10 September.
The company will issue some new shares and existing shareholders will sell some shares.
The company expects to use the money to build a glass processing unit.
It will also use some money for general business needs.
Shares are proposed to be listed on the NSE and BSE.
The company provides façade and fenestration services for buildings.
It has completed more than 150 projects in India and other countries.
Glass Wall Systems has set its IPO price band at ₹172–₹182 per share, with a face value of ₹2.
The book-built issue comprises a ₹60 crore fresh issue and an offer for sale of up to 367.89 crore equity shares.
Subscription will open on 8 September and close on 10 September, with allotment scheduled for 11 September.
Retail investors are entitled to at least 35% of the offer, while QIBs can receive up to 50% and NIIs at least 15%.
Proceeds will fund a glass processing unit at the Vile Bhagad facility and general corporate purposes.
- Who
- Glass Wall Systems (India) Limited and existing shareholders selling shares through the offer for sale.
- What
- The company has announced a ₹172–₹182 price band for its upcoming IPO.
- When
- The IPO is scheduled to open on 8 September, close on 10 September, and have allotment finalised on 11 September; the year is not specified.
- Where
- The company operates in India, the United States and Australia; its shares are proposed to be listed on the NSE and BSE.
- Why
- The net proceeds will fund capital expenditure for a glass processing unit at the Vile Bhagad facility and general corporate purposes.
- Price band
- ₹172–₹182 per share
- Face value
- ₹2 per share
- Issue structure
- ₹60 crore fresh issue and an offer for sale of up to 367.89 crore equity shares
- Subscription period
- 8 September to 10 September
- Allotment
- Scheduled for 11 September
- Investor allocation
- QIBs: up to 50%; retail investors: at least 35%; NIIs: at least 15%
- Issue advisers
- IIFL Capital Services Ltd. is the book-running lead manager; MUFG Intime India Pvt. Ltd. is the registrar
