New Delhi, Sept. 3 -- Glass Wall Systems has announced the price band for its upcoming initial public offering (IPO). Glass Wall Systems IPO price has been fixed at Rs.172- Rs.182 per share, with a face value of Rs.2.

The Glass Wall Systems IPO is a book build issue consisting of fresh issue of Rs.60 crores and an offer for sale (OFS) of up to 367.89 crore equity shares.

The upcoming IPO will open for subscription on Tuesday, 8 September and will close on Thursday, 10 September.

The IPO has reserved shares across investor categories, with Qualified Institutional Buyers (QIBs) eligible for not more than 50% of the offer. Retail investors have been allocated not less than 35% of the offer, while Non-Institutional Investors (NIIs) are ent...