Glass Wall Systems IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 310.26 | 288.14 | 471.43 |
| Expense | 262.72 | 212.53 | 360.33 |
| Profit (PAT) | 20.25 | 57.51 | 83.79 |
| Total Assets | 281.76 | 316.63 | 468.38 |
Promoters: Jawahar Hariram Hemrajani and Eshan Jawahar Hemrajani
Strengths & Risks
- Healthy grey-market premium — +11% over the issue price.
- Revenue grew 64% in the latest reported year.
- Solid profit margin — 17.8%.
- Strong return on equity — 39%.
- Low leverage — debt/equity of 0.03.
- Largely an offer for sale — most proceeds go to selling shareholders, not the company.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
| Purpose | Amount (Cr) |
|---|---|
| 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; | 60.00 |
| Purposes | - |
Resources & Documents
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
Glass Wall Systems has set a price band of Rs 172–Rs 182 per share for an issue size of Rs 428 crore. The Mainboard issue is scheduled to open for subscription on September 08, 2026 — 5 days from now.
The issue is promoted by Jawahar Hariram Hemrajani and Eshan Jawahar Hemrajani with IIFL Capital Services Ltd., Motilal Oswal Investment Advisors Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding capital expenditure requirement for setting up of a glass processing unit (“GPU Project”) as part of planned bac… (Rs 60 crore) and Purposes.
Grey market is quoting a premium of +Rs 20 (+11.0% over issue price).
On fundamentals, the company is posting revenue growth of 63.6%, a profit margin of 17.8%, return on equity of 38.6% in its most recent reported period. Listed peers in this segment include Innovator Façade Systems Limited (P/E 16.54x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Glass Wall Systems IPO GMP — What It Means
The latest grey market premium for Glass Wall Systems IPO is ₹20 (+11.0%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Glass Wall Systems it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Glass Wall Systems GMP history and trend, or learn how grey market premium works and how reliable it is.
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