Exchanges
BSE, NSE
Industry
Other Construction Materials
Issue
Book building

Glass Wall Systems (India) IPO

₹214.85

+18.05% on listing

Listing-day close · NSE · 16 Sep 2026 · issue price ₹182

Glass Wall Systems (India)’s ₹428 crore IPO was priced at ₹182 a share. It listed on the NSE on 16 Sep 2026 and closed its first day at ₹214.85, up 18.05% on the issue price.

Timeline

  1. Opens
  2. Closes
  3. Allotment
  4. Refunds
  5. Shares in demat
  6. Listing

Issue details

Issue size
₹428 Cr
Fresh issue
₹60 Cr
Offer for sale
₹368 Cr
Lot size
82 shares
Minimum investment
₹14,924
Face value
₹2
Registrar
MUFG Intime India

Subscription

Glass Wall Systems (India) IPO subscription by investor category
CategoryShares offeredTimes subscribed
Qualified institutions (QIB)47.02 L167.93×
Non-institutional (NII)35.27 L79.71×
Retail82.29 L33.18×
Total1.65 Cr81.65×

At the close of the issue, excluding anchor investors.

Financials and valuation

Market cap (post-issue)
₹1,600 Cr
P/E (post-issue)
19.1
EPS (post-issue)
₹9.53
Price to book
5.9
ROE
38.62%
ROCE
43.01%
Debt to equity
0.03
EBITDA margin
23.02%
PAT margin
18.34%
Promoter holding
61.52% → 53.22%

Financials as of 31 Mar 2026, from the offer documents.

Listing

Listing date
16 Sep 2026
Issue price
₹182
Open
₹194.00
High
₹229.00
Low
₹185.20
Close
₹214.85

Listing day on the NSE. The close was +18.05% on the issue price.

FAQs

When did the Glass Wall Systems (India) IPO open and close?

It opened on 8 Sep 2026 and closed on 10 Sep 2026.

What was the Glass Wall Systems (India) IPO price?

The price band was ₹172–182 a share. The final issue price was ₹182.

What is the lot size and minimum investment?

One lot is 82 shares, ₹14,924 at ₹182 a share. Retail investors apply in whole lots.

How much did Glass Wall Systems (India) raise?

₹428 crore: ₹60 crore of new shares and ₹368 crore offered by existing shareholders.

How many times was the Glass Wall Systems (India) IPO subscribed?

81.65 times overall: qualified institutions 167.93 times, non-institutional 79.71 times, retail 33.18 times.

How did Glass Wall Systems (India) list?

It listed on the NSE on 16 Sep 2026 at ₹194.00 and closed the day at ₹214.85, up 18.05% on the ₹182 issue price.

Who is the registrar of the Glass Wall Systems (India) IPO?

MUFG Intime India handles the allotment, refunds and credit of shares.

For information only. Not investment advice or a research report.

Full disclaimer

See how an IPO fits your plan

Armor checks every holding against your goals, risk and timeline.

Get the app