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About Glass Wall Systems (India) Limited IPO
Glass Wall Systems (India) Limited is a façade solutions and fenestration provider with operations across India, the United States and Australia. Its business operates across three verticals: Domestic Façade Solutions, offering design, engineering, fabrication, supply, installation and EPC services to real estate developers, contractors and corporate clients; International Façade Products Supply, providing sustainable façade products to overseas contractors and façade companies; and Fenestration Solutions, offering customised luxury windows, doors, skylights and partition systems for the high-end domestic market through its subsidiary, Yes Systems Private Limited, acquired in August 2025. Yes Systems operates under the ORIA brand and partners with international brands, including LIBART and OIKAS. The company caters to commercial, residential and institutional projects for clients including real estate developers, contractors, hospitals, airport authorities and corporates. Its notable projects include The Capital, Kohinoor Square, Bagmane Rio and Lodha World One in India, along with Jackson Avenue, 1400 South Wabash, Spark GTIC and Harper Court in the U.S., and Project Dove in Australia.
Glass Wall Systems (India) Limited IPO Subscription Status
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| TBA | 0 | 0 | 0 | 0 |
| TBA | 0 | 0 | 0 | 0 |
Glass Wall Systems (India) Limited IPO Financial Status
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 468.38 | 316.63 | 281.76 |
| Total Income | 471.43 | 288.14 | 310.26 |
| Profit After Tax | 83.79 | 57.51 | 20.25 |
| EBITDA | 105.20 | 73.01 | 54.70 |
| NET Worth | 261.58 | 175.75 | 122.60 |
| Reserves and Surplus | 242.96 | 158.88 | 101.47 |
| Total Borrowing | 6.68 | 8.46 | 24.85 |
Glass Wall Systems (India) Limited IPO SWOT Analysis
Strengths
- Market leadership supported by a diversified business model and strong foothold in domestic and international markets.
- Expertise in design and engineering and strategically located manufacturing facility with large capacity and advanced infrastructure.
- Focused on creating environmentally sustainable high-performance solutions.
- Marquee client base with proven track record of successful project execution.
Weaknesses
- High client concentration, with the top 10 clients contributing over 84% of revenue, makes the business vulnerable to the loss of key clients.
- Dependence on a single manufacturing facility in Vile Bhagad, Maharashtra exposes the business to operational disruption risks.
- Exposure to the Indian and overseas real estate sectors makes the business vulnerable to downturns.
- Hazardous operations and machinery handling could lead to operational disruptions and legal liabilities.
Frequently Asked Questions
1-What is the issue size of Glass Wall Systems (India) IPO?
The issue size for Glass Wall Systems (India) IPO is ₹428 Cr |
2-What is 'pre-apply' for Glass Wall Systems (India) IPO?
You can apply for the Glass Wall Systems (India) IPO 2 days before the official subscription period begins using the pre-apply option. |
3- How can I pre-apply for Glass Wall Systems (India) IPO?
Pre-applying for the Glass Wall Systems (India) IPO lets you apply before it officially opens. Click on the Apply Now link to apply for Glass Wall Systems (India) IPO on Religare Broking. |
4-If I pre-apply for Glass Wall Systems (India) IPO, when will my order get placed?
Your order will be submitted to the exchange as soon as bidding for Glass Wall Systems (India) begins. You will receive a UPI request within 24 hours after the bidding starts. |
5- When will I know if my Glass Wall Systems (India) IPO order is placed?
We will notify you when your Glass Wall Systems (India) order is placed with the exchange. |
6- What are the open and close dates of the Glass Wall Systems (India) IPO?
The open date is 8 Sep’2026 and the closing date is 10 Sep’2026 |
7- What is the lot size of the Glass Wall Systems (India) IPO?
The lot size of the IPO is 82 shares |
8- What is the price band of the Glass Wall Systems (India) IPO?
The price band of the IPO is ₹172 to ₹182 per share |
Upcoming IPOs Announced & Expected
Registrar information
Name
MUFG Intime India Pvt.Ltd.
Phone number
022-49186000
Email ID
glasswallsystems.ipo@in.mpms.mufg.com