Glass Wall Systems Limited, a company that provides turnkey architectural facade solutions, plans to raise ₹428 crore through an IPO.
[Fresh Issue ₹60 Cr + OFS ₹368 Cr]
Glass wall systems ipo price: ₹172–₹182 per share
Glass Wall Systems: History
The Company was originally formed pursuant to a deed of partnership on July 19, 2002, with Jawahar Hariram Hemrajani and Kamlesh Arjun Choudhary as partners.
The Company was then converted into a public limited company on April 3, 2025, under a special resolution passed by the shareholders.
Its name was subsequently changed to Glass Wall Systems Limited, and the RoC issued a fresh certificate of incorporation on April 28, 2025.
Glass Wall Systems: Business
Glass Wall Systems Limited is a premium façade solutions and fenestration provider in India and across markets in the United States and Australia.
The Company operates across three verticals –
- Domestic façade solutions,
- International façade product supply, and
- Premium fenestration.
With over two decades of experience in the façade solutions industry, the Company has completed more than 150 projects as of March 31, 2025.
The Company’s offerings include –
Curtain wall facades,
Storefront wall facades,
Unitized & semi-unitized curtain wall facades, and
Frameless facades.
These systems are highly engineered products designed to meet stringent technical specifications, providing stability and structural integrity to building frameworks.
The company’s client base includes airport authorities, contractors, real estate developers, hospitals, and corporations in commercial, residential, and institutional projects.
Acquisition of Yes Systems
The company has strengthened its presence in the luxury residential segment through the acquisition of Yes Systems.
Yes Systems operates under the ORIA brand and offers premium windows, skylights, doors, and partition systems.
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Strategies Ahead
Strategically expand global reach.
Enhance leadership in domestic markets.
Focus on expanding luxury fenestration business through integration of Yes Systems.
Drive growth and improve profitability through capacity expansion.
Focus on backward integration and technological advancement to enhance operational efficiency and market competitiveness.
Company Promoters
- Jawahar Hariram Hemrajani,
- Eshan Jawahar Hemrajani.
Refer to Glass Wall Systems DRHP for further details.
IPO Detail
ipo date: 8 Sept – 10 Sept 2026
Minimum Amount: ₹14,924
Minimum Bid: 82 Shares
Face Value: INR 2 per share
Listing On: NSE, BSE
Financial
Book Running Lead Managers
IIFL Capital Services
Motilal Oswal Investment Advisors
CONCLUSION
Considering financial performance and the nature of the business, FinBlab recommends ‘SUBSCRIBE‘ ratings (keeping a long-term view in mind) for the Glass Wall Systems IPO.
Do come back to learn more about “upcoming IPOs”.
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