
Glass Wall Systems IPO 2026: Date, Price, GMP & Allotment

₹14104
Min. Investment
Glass Wall Systems IPO
Engineering – Construction
Bookbuilding IPO | ₹428 Cr | Listing at BSE, NSE | Tue, Sep 8, 2026 – Thu, Sep 10, 2026
| Issue Size | ₹428 Cr |
| IPO Type | Mainboard |
| Market Cap | ₹1600.4 Cr |
| Price Range | ₹172-182 |
| Listing Ex. | BSE, NSE |
| Revenue | ₹456.9 Cr |
| Lot Size | 82 Shares |
| RHP | Read |
| Growth Rate | 22.54% |
About Glass Wall Systems (India) Limited
Incorporated in 2010, Glass Wall Systems (India) Limited is a façade solutions and fenestration company serving customers across India as well as international markets, including the United States and Australia. The company has more than two decades of industry experience and has completed over 158 projects as of March 31, 2026.
The company provides integrated solutions covering the design, engineering, fabrication, manufacturing, supply and installation of architectural façade systems. Its business is divided into three main verticals: Domestic Façade Solutions, International Façade Products Supply and Fenestration Solutions.
Domestic Façade Solutions
Under its domestic façade business, Glass Wall Systems provides end-to-end façade services, including design, engineering, fabrication, manufacturing, supply, installation and EPC services. Its solutions cater to real estate developers, contractors and corporate clients involved in commercial, residential and institutional projects.
International Façade Products Supply
The company also supplies engineered and sustainable façade products to customers in overseas markets. Its international business primarily serves contractors and façade companies, with a growing presence in markets such as the United States and Australia.
Fenestration Solutions
Glass Wall Systems entered the premium fenestration segment through its acquisition of Yes Systems Private Limited in 2025. The business offers customised luxury windows, doors, skylights and partition systems for the high-end domestic market under the ORIA brand.
The company also works with international partners in the window and façade systems space, strengthening its capabilities in premium fenestration solutions.
Projects and Customer Base
Glass Wall Systems has worked with real estate developers, contractors, hospitals, airport authorities and corporate clients across commercial, residential and institutional projects.
Its completed project portfolio includes prominent developments such as The Capital, Kohinoor Square, Bagmane Rio and Lodha World One in India. International projects include Jackson Avenue, 1400 South Wabash, Spark GTIC and Harper Court in the United States, along with Project Dove in Australia.
As of March 31, 2026, the company had 22 domestic clients and 5 international clients with active projects, while its workforce stood at 370 permanent employees.
Manufacturing and Operations
The company's manufacturing operations include a facility at Vile Bhagad, Maharashtra, supported by modern production infrastructure, CNC machinery and automated logistics. As of March 31, 2026, the facility had four production lines and an expanded production capacity of 130 panels per day.
Overall, Glass Wall Systems has built its business around an integrated design-to-installation model, allowing it to handle multiple stages of façade projects internally while also expanding into international façade product supply and premium fenestration solutions.
At a Glance
| Particulars | Details |
|---|---|
| Incorporated | 2010 |
| Industry | Façade Solutions & Fenestration |
| Markets | India, USA & Australia |
| Projects Completed | 158+ as of March 31, 2026 |
| Business Verticals | Domestic Façade, International Façade Products, Fenestration |
| Key Subsidiary | Yes Systems Private Limited |
| Fenestration Brand | ORIA |
| Employees | 370 permanent employees |
| Manufacturing Facility | Vile Bhagad, Maharashtra |
| Production Capacity | 130 panels per day |
Key Business Strengths
- Integrated façade solutions covering design, engineering, manufacturing, supply and installation
- Diversified business model across domestic façades, international product supply and fenestration
- International presence across markets including the United States and Australia
- Strong project execution track record with 158+ projects completed
- Premium fenestration offering through the ORIA brand
- Established relationships with leading real estate developers and corporate customers
- Modern manufacturing infrastructure with CNC machinery and automated logistics
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 82 | ₹14,924 |
| Retail (Max) | 13 | 1,066 | ₹1,94,012 |
| S-HNI (Min) | 14 | 1,148 | ₹2,08,936 |
| S-HNI (Max) | 67 | 5,494 | ₹9,99,908 |
| B-HNI (Min) | 68 | 5,576 | ₹10,14,832 |
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The company operates through three major business verticals: Domestic Façade Solutions, International Façade Products Supply and Fenestration Solutions.
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