• Price band of ₹172 – ₹182 per Equity Share bearing face value of ₹2 each (“Equity Shares”)
  • Anchor Investor Bidding Date – Monday, September 7, 2026
  • Bid/Offer Opening Date – Tuesday, September 8, 2026 and Bid/Offer Closing Date – Thursday, September 10, 2026
  • Minimum Bid Lot is 82 Equity Shares of face value of ₹2 each and in multiples of 82 Equity Shares of face value of ₹2 each thereafter

Mumbai:  Glass Wall Systems (India) Limited (“Company”) proposes to open the initial public offering (“Offer”) of its equity shares of face value ₹ 2 each and has fixed the price band of ₹172 to ₹182 per Equity Share of face value ₹2 each for its maiden initial public offer.

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, September 8, 2026, for subscription and close on Thursday, September 10, 2026.

Investors can bid for a minimum of 82 Equity Shares and in multiples of 82 Equity Shares thereafter.

The issued, subscribed and paid-up Equity Shares capital of the Company is ₹169,277,100 divided into 84,638,550 Equity Shares of ₹2 each.

The Offer comprises of a fresh issue of up to ₹600.00 million and an offer-for-sale for up to 20,213,722 equity shares by the promoter selling shareholders, namely Jawahar Hariram Hemrajani and Eshan Jawahar Hemrajani and investor selling shareholder – India Business Excellence Fund IIA.

The proceeds from its fresh issuance worth ₹500.00 million will be utilized for funding capital expenditure requirement for setting up of glass processing unit as part of planned backward integration of the Company’s Vile Bhagad, Maharashtra, facility.

The Offer is being made through the book-building process, in compliance with SEBI ICDR Regulations, wherein not more than 50% of the net offer will be available for allocation to qualified institutional buyers (QIBs), not less than 15% to non-institutional investors (NIIs), and not less than 35% to retail individual investors (RIIs).

Incorporated in 2002, the Company is a façade solutions and fenestration provider in India and across markets in the USA and Australia. It is the second-largest provider of façade solutions in India in terms of revenue in Fiscal 2025 and Fiscal 2024 (Source: Ken Report).

The Company is also India’s largest façade exporter in 2024 in terms of revenue (Source: Ken Report). With over two decades of experience in the façade solutions industry, the Company has successfully completed 158 projects, as of March 31, 2026, showcasing its expertise in delivering innovative solutions.

Façade and Fenestration Solutions and the Company’s offerings

The façade and fenestration sector serves as the critical interface between a building’s interior and its external environment, combining advanced materials, precision engineering and architectural design to deliver both form and function (Source: Ken Report).

The Company’s façade solutions ensure the development of building exteriors that are both functional and visually appealing, while promoting sustainability and compliance with international standards, such as ASTM International and Australian / New Zealand standards. Its offerings include curtain wall façades, storefront wall facades, unitized and semi-unitized curtain wall façades and frameless façades.