Glass Wall Systems (India) Limited IPO Details

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Glass Wall Systems (India) IPO DRHP (Draft Red Herring Prospectus) has been Filed With SEBI.

Offer for Sale consists of 4,02,34,552 shares (aggregating up to ₹0.00 Cr.).

The Lead Managers for Glass Wall Systems (India) IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is IIFL Capital Services Limited, Motilal Oswal Investment Advisors Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For detailed information, Refer to the Glass Wall Systems (India) Limited DRHP.

Glass Wall Systems (India) IPO Details

Open Date
-
Close Date
-
Listing Date
-
Issue Price
₹0 - ₹0
Face Value
₹2 per share
Lot Size
0
GMP
₹0
Issue Type
IPO
Listing On
NSE, BSE
Type
Book Built Issue
Share holding pre issue
84638550
Share holding post issue
-
Total Issue Size
-
Fresh Issue
-4,02,34,552 shares
Offer for Sale
4,02,34,552 shares (aggregating up to ₹0.00 Cr.)
DRHP Status
Filed With SEBI

Glass Wall Systems (India) IPO Lot Size

ApplicationLotsSharesAmount
To be announced

Glass Wall Systems (India) IPO Reservation

Promoter Holding

Pre Issue:64.11%
Post Issue:-
Promoter Names:
Jawahar Hariram Hemrajani, Eshan Jawahar Hemrajani

Glass Wall Systems (India) IPO Valuations

ROE:32.75%
ROCE:38.32%
DEBT/EQUITY:0.06
RONW:28.54%
PAT MARGIN:17.90%

Glass Wall Systems (India) Financial Information

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets289.57258.34303.93
Total Income251.70288.02242.18
Profit After Tax43.8111.9516.11
EBITDA58.0943.1911.86
NET Worth153.50114.04102.19
Reserves and Surplus138.3294.6082.75
Total Borrowing8.4618.5547.13
Amount in ₹ Crore

About Glass Wall Systems (India) IPO

Incorporated in 2010, Glass Wall Systems (India) Limited is a façade solutions and fenestration provider with operations in India as well as international markets, including the United States and Australia. The company has over two decades of industry experience and, as of March 31, 2025, has completed more than 150 projects.

Its business is structured across three verticals:

  1. Domestic Façade Solutions – Design, engineering, fabrication, supply, installation, and EPC services for real estate developers, contractors, and corporate clients.
  2. International Façade Products Supply – Supply of sustainable façade products, tailored to contractors and façade companies overseas.
  3. Fenestration Solutions – Custom luxury windows, doors, skylights, and partition systems, catering to the high-end domestic market, primarily through its subsidiary Yes Systems Private Limited (acquired in August 2025). Yes Systems operates in the premium fenestration space under the brand ORIA and collaborates with international partners such as a Swiss window systems brand, LIBART, and OIKAS.

The company’s client base includes real estate developers, contractors, hospitals, airport authorities, and corporations in commercial, residential, and institutional projects. Notable projects include The Capital, Kohinoor Square, Bagmane Rio, Lodha World One in India, and international assignments such as Jackson Avenue, 1400 South Wabash, Spark GTIC, Harper Court in the U.S. and Project Dove in Australia.

As of March 31, 2025, the company employed 289 permanent staff.

Strength Of Glass Wall Systems (India) IPO

To be announced

Risk Of Glass Wall Systems (India) IPO

To be announced

Objectives Glass Wall Systems (India) IPO

1. Funding capital expenditure requirement for setting up of a glass processing unit (“GPU Project”) as part of planned backward integration of the Company at our Vile Bhagad Facility;

2. General corporate purposes

Company Contact Details

Glass Wall Systems (India) Ltd.
503-504, 5th Floor, A Wing
Marathon Futurex, Mafatlal Mills Compound
N.M. Joshi Marg, Lower Parel (East)
Mumbai, Maharashtra, 400013
Phone: +91 22 6103 3456
Email: compliance@glasswallsystem.com
Website: http://www.glasswallsystems.in/

Registrar Contact Details

Name: MUFG Intime India Private Limited
Phone: +91-22-4918 6270

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