SEBI Approves Glass Wall Systems (India) IPO

Glass Wall Systems (India) received SEBI approval for its Initial Public Offer (IPO) on December 29, 2025. The approval is valid for 12 months, allowing the company to move forward with the next steps subject to market conditions and other regulatory clearances.

The proposed IPO will include a fresh issue of ₹60.00 crores and an offer for sale (OFS) of up to 4.02 crore equity shares. The equity shares are planned to be listed on NSE and BSE, with IIFL Capital Services Ltd. as the book running lead manager and MUFG Intime India Pvt. Ltd. as the registrar.

SEBI Approval and IPO Structure

The Securities and Exchange Board of India granted its approval for the IPO on December 29, 2025, following a review of the company’s draft prospectus. The approval remains valid for 12 months, giving the issuer flexibility to launch the offer within this timeframe.

The IPO will be a Book Build Issue comprising a fresh issue of ₹60.00 crores and an OFS of up to 4.02 crore equity shares. Key details such as the IPO dates, price band, and lot size have not yet been announced.

Company Profile and Operations

Incorporated in 2010, Glass Wall Systems (India) Ltd. is a façade solutions and fenestration provider with a presence in both domestic and international markets. The company has completed more than 150 projects as of March 31, 2025, including high-profile assignments in India and overseas.

Its operations span India, the United States, and Australia, serving real estate developers, contractors, hospitals, airport authorities, and corporations. Notable projects include The Capital, Kohinoor Square, Bagmane Rio, and Lodha World One in India, as well as Jackson Avenue and Harper Court in the U.S.

Business Verticals and Subsidiary

The company operates across three main verticals: Domestic Façade Solutions, International Façade Products Supply, and Fenestration Solutions. Domestic services include design, engineering, fabrication, supply, installation, and EPC solutions for real estate and corporate clients.

International operations focus on supplying sustainable façade products tailored for overseas contractors and façade companies. The Fenestration Solutions segment caters to the luxury market through Yes Systems Private Limited, acquired in August 2025, which operates under the ORIA brand and collaborates with global partners such as LIBART and OIKAS.

Read More: 2026 IPO Pipeline, Many Companies Set for Big Listings.

Conclusion

SEBI’s approval marks a significant milestone for Glass Wall Systems (India) as it prepares to enter the public market. The proposed IPO structure includes a fresh issue and an OFS, with listing planned on NSE and BSE.

While key offer details are yet to be disclosed, the company’s established presence in façade and fenestration solutions positions it as a notable entrant in the capital markets. The next steps will depend on market conditions and regulatory clearances.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.