Home / Business / Business News / Article / Glass Wall Systems India's Rs 428-crore IPO to open on September 8; price band at Rs 172-182 per share

Glass Wall Systems India's Rs 428-crore IPO to open on September 8; price band at Rs 172-182 per share

Of the proceeds from the fresh issue, Rs 50 crore will be utilised for setting up a glass processing unit as part of the company's planned backward integration at its Vile Bhagad facility in Maharashtra. The remaining funds will be used for general corporate purposes

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Representational Image. File pic.

Representational Image. File pic.

Facade solutions provider Glass Wall Systems (India) Ltd on Thursday set a price band of Rs 172-182 per equity share for its upcoming Rs 428 crore Initial Public Offering (IPO).

The IPO will open for public subscription on September 8 and close on September 10. The bidding for anchor investors will take place on September 7, according to a public announcement.

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