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Glass Wall Systems (India) IPO Review

Glass Wall Systems (India) IPO has been reviewed by 10 analysts, and the overall consensus is Apply — carrying a score of 84. Out of the 10 analysts who have covered this IPO, 6 recommend subscribing while 4 advise caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹172-182 per share, with a minimum application size of 82 shares (minimum investment of approximately ₹14,924 at the upper band). Subscription ran from 08 Sep 2026 to 10 Sep 2026. The issue size is ₹428 crore, a mix of fresh issue and offer for sale. As of now, the grey market premium (GMP) for Glass Wall Systems (India) IPO is quoting at ₹41 (22.53%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
84/ 100
Apply 6 of 10 recommend subscribing
How analysts voted
Apply 6
May apply 2
Neutral 2

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Glass Wall Systems (India) supplies façade solutions and fenestration products to domestic and overseas markets including the United States and Australia. FY26 income jumped from ₹288.14 crore to ₹471.43 crore, with profit rising to ₹83.79 crore and return on equity of 32.2 percent. Five of the six analysts said subscribe, one stayed neutral.

Listing gains

The notes value the issue between about 18.4 and 19.1 times FY26 diluted earnings of ₹9.90 per share. Analysts pair that modest multiple with superior profitability and a debt to equity ratio of just 0.03 times against 0.26 times for its closest comparable, which is what drove the subscribe ratings.

Short-term strategy

Growth in FY26 was exceptional, with income up 64 percent and profit up 46 percent after a flat FY25. Façade work follows commercial construction cycles, so this pace reflects project timing as much as underlying demand, and repeating it is the near-term question analysts leave open.

Long-term strategy

The long-term case rests on commercial real estate development, urbanisation and rising demand for energy-efficient building envelopes, supported by a marquee client base and in-house engineering. The risk flagged is input supply: aluminium extrusions, silicone and performance glass come from few suppliers with no long-term fixed-price agreements.

How this is written: an AI-assisted summary of the 10 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Glass Wall Systems (India) IPO?

The analyst consensus for Glass Wall Systems (India) IPO tracked on this page is Apply, with a score of 84/100. Out of 10 analysts who have reviewed this IPO, 6 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 84 mean for Glass Wall Systems (India) IPO?

The score of 84 is an aggregate of all analyst ratings tracked for Glass Wall Systems (India) IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of Glass Wall Systems (India) IPO?

Glass Wall Systems (India) IPO listed on September 16, 2026 at ₹194, against the issue price of ₹182 — a gain of +6.59% (₹12 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Glass Wall Systems (India) IPO?

Glass Wall Systems (India) IPO was priced at ₹172-182 per share. The minimum lot size is 82 shares, making the minimum investment approximately ₹14,924 at the upper end of the price band. Subscription ran from 08 Sep 2026 to 10 Sep 2026.

Explore Glass Wall Systems (India) IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Glass Wall Systems (India) IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Apply
Score
84 / 100
Listed at
₹194
Full IPO details