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Glass Wall Systems shares debut at 7% premium on NSE; here's how much investors made per lot

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on September 16, 2026, 10:02 IST

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SUMMARY

The ₹427.89 crore Glass Wall Systems IPO consisted of a fresh issuance of ₹60 crore and an offer for sale (OFS) of ₹367.89 crore by promoters Eshan Jawahar Hemrajani and Jawahar Hariram Hemrajani and investor India Business Excellence Fund IIA.

Glass Wall Systems (India) Ltd is a facade solutions and fenestration provider. | Image: glasswallsystems.com

Glass Wall Systems (India) Ltd is a facade solutions and fenestration provider. | Image: glasswallsystems.com

Glass Wall Systems' shares made a tepid debut on the stock exchanges on Wednesday, September 16. The stock started trading at ₹194 per share on the National Stock Exchange (NSE), reflecting an increase of 6.59% over the IPO issue price of ₹182 per share.

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On the BSE (formerly Bombay Stock Exchange), the scrip is listed at ₹190.10, up 4.45% from the IPO issue price.

Glass Wall Systems share price: Here's how much investors made per lot

A lot consisted of 82 shares and cost ₹14,924. Investors who received the Glass Wall Systems IPO allotment made ₹984 per lot, taking the value of their investment to ₹15,908, as per the listing price on the NSE.

The ₹427.89 crore IPO consisted of a fresh issuance of ₹60 crore and an offer for sale (OFS) of ₹367.89 crore by promoters Eshan Jawahar Hemrajani and Jawahar Hariram Hemrajani and investor India Business Excellence Fund IIA.

The objectives of the issue include capital expenditure requirements for setting up a glass processing facility as part of planned backward integration at its Vile Bhagad plant and corporate general purposes.

"Our company expects to receive the benefits of listing of equity shares on the stock exchanges, including enhancing our visibility and our brand image among our customers and creating a public market for our equity shares in India," the company said.

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The initial share sale was subscribed 81.65 times, with bids for 1,34,37,28,588 shares against 1,64,57,298 shares on offer, as per the BSE data.

CategoryReservedNo of Shares Bid ForNo of Times
Qualified Institutional Buyers47,02,08578,96,08,094167.93
Non-Institutional Investors35,26,56428,11,15,76279.71
Retail Investors82,28,64927,30,04,73233.18
Total1,64,57,2981,34,37,28,58881.65
Glass Wall Systems (India) Ltd, incorporated in 2002, is a facade solutions and fenestration provider. It operates in the domestic and overseas markets like the United States of America and Australia. As of financial year 2025-26, it has completed 158 projects.
Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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