Glass Wall Systems (India) IPO Day 1 Subscription Status: Issue Booked 2.52 Times

Authored By HDFC SKY | Published at: Sep 8, 2026 05:32 PM IST

Glass Wall Systems (India) IPO was subscribed 2.52 times on Day 1, with retail at 3.74x, NII at 3.02x and QIB (Ex Anchor) at 0.01x as of September 08, 2026.

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Mumbai, September 08: Glass Wall Systems (India) IPO saw a steady response from investors on the opening day of bidding. The bookbuilding issue was subscribed 2.52 times as of 5:05 PM on September 08, 2026.

The IPO opened for subscription on September 08 and will close on September 10, 2026. The issue comprises a fresh issue of 32.97 lakh shares aggregating up to ₹60 crore and an offer for sale of 2.02 crore shares aggregating up to ₹367.89 crore.

The price band has been fixed at ₹172 to ₹182 per share, while the lot size is 82 shares. At the upper end of the price band, the minimum investment for a retail investor is ₹14,924.

Glass Wall Systems (India) IPO Day 1 Subscription Status

By 5:05 PM on September 08, 2026, investors had bid for 4.14 crore shares against 1.65 crore shares offered across the public categories, excluding the anchor portion.

Category	Shares Offered	Shares Bid For	Subscription
QIB (Ex Anchor)	47,02,085	42,804	0.01x
NII	35,26,564	1,06,52,620	3.02x
NII (> ₹10 lakh)	23,51,043	48,14,958	2.05x
NII (< ₹10 lakh)	11,75,521	58,37,662	4.97x
Individual Investors	82,28,649	3,07,53,034	3.74x
Total	1,64,57,298	4,14,48,458	2.52x

The retail category recorded the highest subscription among the broad investor segments at 3.74 times. It received bids for 3.08 crore shares against 82.29 lakh shares available.

The NII category was subscribed 3.02 times. Within the segment, applications below ₹10 lakh were subscribed 4.97 times, while applications above ₹10 lakh recorded a subscription of 2.05 times.

The QIB portion excluding anchor investors received bids for 42,804 shares against 47.02 lakh shares on offer, resulting in a subscription of 0.01 times.

Category-wise Glass Wall Systems (India) IPO Subscription Status

Investor Category	Subscription
QIB (Ex Anchor)	0.01x
NII	3.02x
NII (> ₹10 lakh)	2.05x
NII (< ₹10 lakh)	4.97x
Individual Investors	3.74x
Total	2.52x

Glass Wall Systems (India) Day’s Wise Subscription Summary

The IPO recorded its strongest opening-day participation from retail investors, followed by the NII segment. Institutional bidding remained limited by the reported 5:05 PM timestamp.

Date	QIB (Ex Anchor)	NII	NII (> ₹10L)	NII (< ₹10L)	Retail	Total
Sep 08 (Day 1)	0.01x	3.02x	2.05x	4.97x	3.74x	2.52x

Glass Wall Systems (India) IPO Timeline

IPO Milestone	Date
Issue Open Date	September 08 2026
Issue Close Date	September 10 2026
Basis of Allotment Date	September 11 2026
Initiation of Refunds	September 15 2026
Credit of Shares	September 15 2026
Listing Date	September 16 2026

Brief Overview Of The IPO

Glass Wall Systems (India) IPO is a bookbuilding issue comprising a fresh issue and an offer for sale. The company provides facade and related building solutions, with its shares proposed to be listed on the BSE and NSE.

Particular	Details
Issue Size	₹427.89 crore
Issue Type	Bookbuilding IPO
Fresh Issue	32,96,703 shares
Fresh Issue Size	₹60 crore
Offer for Sale	2,02,13,722 shares
Offer for Sale Size	₹367.89 crore
Price Band	₹172 to ₹182 per share
Face Value	₹2 per share
Total Issue Size	2,35,10,425 shares
Issue Period	September 08 to September 10 2026
Lot Size	82 shares
Minimum Investment	₹14,924 at the upper price band
Listing Exchange	BSE and NSE
Lead Manager	IIFL Capital Services Ltd.
Registrar	MUFG Intime India Pvt. Ltd.
Day 1 Subscription	2.52x
Subscription Timestamp	September 08 2026, 5:05 PM

Source:

https://www.nseindia.com/market-data/issue-information?symbol=GLASSWALL&series=EQ&type=Active

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