Glass Wall Systems (India) Ltd - IPO

Glass Wall Systems (India) Ltd IPO Details

Initial public offering of up to 23,510,425 equity shares of face value of Rs. 2 each (Equity Shares) of the company for cash at a price of Rs. 182 per equity share (including a share premium of Rs. 180 per equity share) (Offer Price) aggregating up to Rs. 427.89 Crores (Offer). The offer comprises a fresh issue of up to 3,296,703 equity shares (of face value of Rs. 2 each) aggregating up to Rs. 60.00 Crores by the company (Fresh Issue) and an offer for sale of up to 20,213,722 equity shares of face value of Rs. 2 each (Offered Shares) aggregating up to Rs. 367.89 Crores by the selling shareholders, consisting of up to 2,530,243 equity shares (of face value of Rs. 2 each) aggregating up to Rs. 46.05 Crores by Jawahar Hariram Hemrajani, up to 2,740,431 equity shares (of face value of Rs. 2 each) aggregating up to Rs. 49.88 Crores by Eshan Jawahar Hemrajani and up to 14,943,048 equity shares (of face value of Rs. 2 each) aggregating up to Rs. 271.96 Crores by India business excellence fund IIA (Such Offer For Sale of Equity Shares by the Selling Shareholders, the Offer for Sale).Price Band: Rs. 182 per equity share of face value of Rs. 2 each.The floor price is 91 times the face value of the equity shares.Bids can made for a minimum of 82 equity shares of face value of Rs. 2 each and in multiples of 82 equity shares of face value of Rs. 2 each. thereafter.

Objective of issue

Funding capital expenditure requirement for setting up of GPU Project as part of planned backward integration of the Company at the Vile Bhagad Facility. General corporate purposes.

Glass Wall Systems (India) Ltd Contact Details

Glass Wall Systems (India) Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - compliance@glasswallsystem.com

Website - www.glasswallsystems.in