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Glass Wall Systems IPO

₹172 – ₹172 · Issue Size ₹423 Cr

IPO Overview

StatusClosed
Price Band₹172 – ₹172
Issue Size₹423 Cr
Lot Size82 shares
Min Investment₹14,924
Face Value₹2
Issue Structure
Fresh Issue₹60 Cr
Offer for Sale₹2,02,13,722 Cr
Total Size₹423 Cr

Business Model

Competitive Advantages
  • Market leadership supported by a diversified business model and strong foothold in domestic and international
  • We are the second largest provider of façade solutions in India in terms of revenue in Fiscal 2025 and Fiscal 2024.
  • (Source: Ken Report) We are also India’s largest façade exporter in 2024 in terms of revenue. (Source: Ken Report)
  • Our expertise in designing and manufacturing innovative and sustainable façade systems makes us a preferred partner
  • We have strategically structured our operations to ensure a healthy mix of domestic business that includes

IPO Timeline

Open Date8 Sept 2026
Close Date10 Sept 2026
Allotment11 Sept 2026
Refund15 Sept 2026
Credit to Demat15 Sept 2026
Listing Date16 Sept 2026

Risk Factors

IIFL Capital Services Limitedlow

(formerly known as IIFL Securities Limited) Gaurav Mittal / Pavan

MUFG Intime India Private Limited (formerly Link Intimelow

India Private Limited) Shanti Gopalkrishnan Telephone: +91 810 811 4949 E-mail:

Strengths & Weaknesses

Strengths

  • Market leadership supported by a diversified business model and strong foothold in domestic and international
  • We are the second largest provider of façade solutions in India in terms of revenue in Fiscal 2025 and Fiscal 2024.
  • (Source: Ken Report) We are also India’s largest façade exporter in 2024 in terms of revenue. (Source: Ken Report)
  • Our expertise in designing and manufacturing innovative and sustainable façade systems makes us a preferred partner
  • We have strategically structured our operations to ensure a healthy mix of domestic business that includes

Weaknesses

  • !IIFL Capital Services Limited

Management & Promoters

J
Jawahar Hariram HemrajaniWhole-Time Director
E
Eshan Jawahar HemrajaniManaging Director
M
M. J. Infrastructure Enterprises PrivateNon-Executive Director
S
Simpolo S.R.L.Non-Executive Independent Director
S
Sunaina Primlani GeraNon-Executive Independent Director
S
Siddharth Nandkishore BafnaNon-Executive Independent Director
N
Nandita KhuranaNon-Executive Independent Director
E
Education Foundation.Non-Executive Independent Director

Shareholding Pattern

Pre-IPO
Category%
Promoters21%
Post-IPO
Category%
Promoters17%

Peer Comparison

CompanyP/EEPS
Glass Wall Systems IPO
Telephone: +91.0x
Telephone: +91.0x
Telephone: +91.0x
Dated September5.0x
Please read Section of the Companies Act32.0x

Pre-IPO Financials

PeriodRevenue (Cr)PAT (Cr)Net Worth (Cr)Total Assets (Cr)
March 2024₹1.4 Cr₹3.1 Cr₹312.13 Cr
March 2023₹201.5 Cr₹202.4 Cr₹312.13 Cr
March 2025₹-1.6 Cr₹2.9 Cr₹3.1 Cr
June 2025₹196.1 Cr₹312.13 Cr₹202.4 Cr
October 2021₹312.13 Cr₹312.13 Cr

About

Q-Line Biotech Ltd. (QBL) is engaged in the business of developing, manufacturing and marketing of diverse range of reagents (including kits and POC devices) & consumables and manufacturing, importing, distribution/supply of diagnostic equipment for different diagnostic healthcare needs. The company supplies diagnostic equipment and IVD products for different diagnostic healthcare needs since 2013 directly or through its distributor/s majorly to diagnostic service providers, hospitals and medica

Industry Overview

Key Regulations and Policies in India", "History and Certain Corporate Matters", "Restated Financial Information", "Outstanding Litigation and Other Material Developments", "Offer Procedure" and "Articles of Association" on pages 119, 138, 146, 156, 279, 287, 323, 475, 507 and 531, respectively, will have the meaning ascribed to such terms in those respective sections. General terms Term Description our Company / the Company / the Issuer Glass Wall Systems (India) Limited, a public limited company, that was incorporated under the Companies Act, 1956 and having its Registered and Corporate

ExchangeNSE
Issue Typemainboard
Face Value2 per share

Documents

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