Glass Wall Systems (India) IPO GMP
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Glass Wall Systems (India) IPO Details
Market capitalisation is the post-issue share count in the offer document’s capital structure (8,79,35,253 shares) multiplied by the upper end of the price band, ₹182. It is arithmetic on those two filed figures, not a valuation.
Glass Wall Systems (India) IPO Objects of the Offer what the fresh issue funds
| Object of the offer | ₹ crore |
|---|---|
| Funding capital expenditure for setting up a glass processing unit (the GPU Project) at the Vile Bhagad facility, as part of planned backward integration | ₹50 |
| General corporate purposes | — |
As stated in the “Objects of the Offer” section of the offer document. Proceeds of the offer for sale go to the selling shareholders, not to the company.
Glass Wall Systems (India) Financials ₹ in crore
| ₹ crore | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | ₹304.34 | ₹278.33 | ₹456.97 |
| Expenses | — | — | — |
| Net profit (PAT) | ₹20.25 | ₹57.51 | ₹83.79 |
| PAT margin | 6.7% | 20.7% | 18.3% |
| Total assets | ₹281.76 | ₹316.63 | ₹468.38 |
Glass Wall Systems (India) IPO Valuation and Listed Peers as stated in the offer document
| Company | P/E | EPS | RoNW | NAV / share |
|---|---|---|---|---|
| Glass Wall Systems (India) this issue, at ₹182 | — | ₹9.9 | 32.03% | ₹30.91 |
| Innovator Façade Systems Limited | 16.54× | ₹7.19 | 8.65% | ₹83.15 |
The issue’s own figures are copied from the “Basis for the Offer Price” section of its offer document at the upper end of the price band, and the peers are the listed companies Glass Wall Systems (India) names in that same section as its comparison set. Peer figures are for the periods the document states, so they are not necessarily the latest reported. Every cell is transcribed from the filing; none is calculated here, and a figure the document does not state is left blank.
Glass Wall Systems (India) Shareholding before & after the IPO
The founding owners and their group entities.
The pre-issue ring is the shareholding-pattern table printed in this issue’s red herring prospectus. No red herring prospectus states a post-issue register — every post-Offer column in one reads “[•], to be included in the Prospectus, subject to finalisation of Basis of Allotment”. So the second ring is worked out from the offer’s own structure. The fresh issue creates shares and dilutes everyone (₹600.00 million fresh issue ÷ ₹182 upper band); an offer for sale creates none, and moves the promoters’ holding only by what the promoters themselves sell — 54,494,876 held before the offer − 5,270,674 offered for sale by the promoters. Shares sold by an investor or any other shareholder reach the public without touching the promoter block. Projected at the upper end of the price band, and subject to the basis of allotment. Pre-issue percentages are taken from the disclosure, never estimated.
Glass Wall Systems (India) IPO Lot Size & Minimum Investment by investor category
| Application | Shares | Amount at ₹182 |
|---|---|---|
| Retail (min)1 lot | 82 | ₹14,924 |
| Retail (max)13 lots | 1,066 | ₹1,94,012 |
| sHNI (min)14 lots | 1,148 | ₹2,08,936 |
| bHNI (min)68 lots | 5,576 | ₹10,14,832 |
One lot is 82 shares, so a single application at the ₹182 cut-off costs ₹14,924. Retail applications are capped at ₹2,00,000, which is 13 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.
About Glass Wall Systems (India)
Glass Wall Systems (India) Limited is a façade engineering company working on architectural façades and glass curtain wall systems. Its offerings include curtain wall facades, storefront wall facades, unitized and semi-unitized curtain wall facades, and frameless facades. The company serves real estate developers, hospitals, airport authorities, general contractors, and corporate clients across India, as well as in the United States and Australia. It was incorporated in 2010.
Glass Wall Systems (India) IPO Strengths & Risks as disclosed in the DRHP
How to check Glass Wall Systems (India) IPO allotment status
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Glass Wall Systems (India) Limited, the registrar is MUFG Intime India Private Limited — allotment is finalised in the days between the issue closing on 10 Sept 2026 and listing on 16 Sept 2026.
Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.
The registrar publishes allotment on its own portal: MUFG Intime. Your bank will also show the blocked amount released if shares were not allotted.
Glass Wall Systems (India) IPO GMP FAQs
What is Glass Wall Systems (India) IPO GMP today?
No current grey market premium reading is being quoted for the Glass Wall Systems (India) Limited IPO — the issue has listed and the grey market stops quoting once shares trade on the exchange. The day-wise history on this page shows every reading we recorded. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice.
Is Glass Wall Systems (India) IPO GMP a guarantee of the listing price?
No. The grey market is an informal, over-the-counter market between private dealers that is not operated or supervised by NSE, BSE or SEBI. No trade settles through a clearing corporation and no dealer is obliged to honour a quote, so the premium can change sharply within a day or disappear after bidding closes.
How often is Glass Wall Systems (India) IPO GMP updated on alphave?
Readings are collected about once an hour from third-party grey-market reporters while the issue is open, and each reading is timestamped. The history table shows one row per day, with the number of readings behind it.
Glass Wall Systems (India) IPO Registrar where allotment and refund queries go
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
How to Apply for the Glass Wall Systems (India) IPO ASBA and UPI, as SEBI sets them
- Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
- Choose the number of lots and bid at the cut-off price. Retail applications are capped at ₹2,00,000; above that the bid moves to the non-institutional category.
- If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (10 Sept 2026).
- One application per PAN. A second application under the same PAN is rejected, and both may be.
- After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, MUFG Intime India Private Limited, not to the exchange or the broker.
What is GMP in an IPO?
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹41 on a ₹182 upper band means the grey market is dealing at ₹223.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.