Archive · 8 Sep 2026
Glass Wall Systems IPO Subscribed 2.18x on Opening Day
Glass Wall Systems is selling shares to the public through an IPO.
The company wants to raise about Rs 428 crore.
The IPO received more demand than the number of shares available on its first day.
Overall, investors applied for 2.18 times the shares offered.
Retail investors showed especially strong interest.
Each lot for a retail investor contains 82 shares and costs Rs 14,924 at the upper price.
The IPO will remain open until September 10, 2026.
The shares are expected to be listed on the NSE and BSE on September 16.
The grey-market premium suggests a possible higher listing price, but it is unofficial and can change.
Glass Wall Systems’ Rs 427.89 crore IPO was subscribed 2.18 times within hours of opening.
Investors bid for 3.58 crore shares against the 1.64 crore shares on offer.
The price band is set at Rs 172–Rs 182 per share, with bidding open from September 8 to 10, 2026.
Retail investors subscribed 3.34 times, while non-institutional investors subscribed 2.34 times.
The IPO is expected to list on the NSE and BSE on September 16, with an unofficial GMP of Rs 53.
- Who
- Glass Wall Systems, along with participating retail, non-institutional and institutional investors.
- What
- Glass Wall Systems’ Rs 427.89 crore IPO was subscribed 2.18 times on its opening day.
- When
- The IPO opened on September 8, 2026, and is scheduled to close on September 10, 2026.
- Where
- The Mumbai-based company is expected to list its shares on the NSE and BSE.
- Why
- The company is raising funds through fresh shares, while existing investors are selling shares through an offer for sale.
- Issue size
- Rs 427.89 crore
- Price band
- Rs 172–Rs 182 per share
- Overall subscription
- 2.18 times; 3.58 crore shares bid for against 1.64 crore shares offered
- Anchor funding
- Rs 128.25 crore raised before the IPO opened
- Retail lot size
- 82 shares, requiring Rs 14,924 at the upper price band
- Unofficial GMP
- Rs 53, or about 29%, implying Rs 235 based on the upper price band
- Expected listing date
- September 16, 2026, on the NSE and BSE