Glass Wall Systems (India) IPO Day 2 Subscription Status: Issue Booked 8.23 Times

Authored By HDFC SKY | Published at: Sep 9, 2026 06:39 PM IST

The Glass Wall Systems (India) IPO saw strong subscription across the retail and NII categories on Day 2. The retail portion was subscribed 10.96 times, while the NII category recorded 12.41 times subscription. The QIB portion excluding the anchor allocation stood at 0.30 times. Overall subscription increased from 2.52 times on Day 1 to 8.23 times by 5:03 PM on Day 2.

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Mumbai, September 09: The Glass Wall Systems (India) IPO was subscribed 8.23 times by 5:03 PM on the second day of bidding on September 9, 2026. The issue received bids for 13,53,97,662 shares against 1,64,57,298 shares offered to the public, excluding the anchor portion. The ₹427.89 crore IPO comprises a fresh issue of 32.97 lakh shares aggregating to ₹60 crore and an offer for sale of 2.02 crore shares aggregating to ₹367.89 crore. The price band has been fixed at ₹172 to ₹182 per share, with a lot size of 82 shares.

Glass Wall Systems (India) IPO Day 2 Subscription Status

At 5:03 PM on September 9, 2026, the Glass Wall Systems (India) IPO had received bids across all three main investor categories.

Category	Subscription
QIB (Ex Anchor)	0.30x
NII/HNI	12.41x
Retail	10.96x
Total	8.23x

The total number of shares bid for stood at 13,53,97,662 against 1,64,57,298 shares offered to the public, excluding the anchor portion.

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

Category	Shares Offered	Shares Bid For	Subscription
QIB (Ex Anchor)	47,02,085	14,25,734	0.30x
NII/HNI	35,26,564	4,37,68,812	12.41x
NII (>₹10L)	23,51,043	2,15,43,942	9.16x
NII (<₹10L)	11,75,521	2,22,24,870	18.91x
Retail	82,28,649	9,02,03,116	10.96x
Total	1,64,57,298	13,53,97,662	8.23x

The NII category recorded 12.41 times subscription overall. Within this segment, the portion for applications below ₹10 lakh was subscribed 18.91 times, while applications above ₹10 lakh were subscribed 9.16 times.

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

The IPO was subscribed 2.52 times on Day 1. Subscription increased to 8.23 times by 5:03 PM on Day 2.

Date	QIB (Ex Anchor)	NII	NII (>₹10L)	NII (<₹10L)	Retail	Total
September 08, 2026 (Day 1)	0.01x	3.03x	2.05x	5.00x	3.82x	2.52x
September 09, 2026 (Day 2)	0.30x	12.41x	9.16x	18.91x	10.96x	8.23x

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 ₹427.89 crore bookbuilding issue comprising a fresh issue of 32.97 lakh shares aggregating to ₹60 crore and an offer for sale of 2.02 crore shares aggregating to ₹367.89 crore.

The price band is ₹172 to ₹182 per share. The retail lot size is 82 shares, requiring a minimum investment of ₹14,924 at the upper end of the price band.

IPO Particulars	Details
Issue Size	₹427.89 crore
Issue Type	Bookbuilding IPO
Fresh Issue	32.97 lakh shares
Fresh Issue Value	₹60 crore
Offer for Sale	2.02 crore shares
Offer for Sale Value	₹367.89 crore
Price Band	₹172 to ₹182 per share
Face Value	₹2 per share
Lot Size	82 shares
Minimum Retail Investment	₹14,924
Issue Open Date	September 08 2026
Issue Close Date	September 10 2026
Basis of Allotment	September 11 2026
Listing Date	September 16 2026
Listing Exchanges	BSE, NSE
Registrar	MUFG Intime India Pvt. Ltd.
Lead Manager	IIFL Capital Services Ltd.

The Glass Wall Systems (India) IPO will remain open until September 10, 2026. The basis of allotment is scheduled for September 11, followed by refunds and credit of shares on September 15. The shares are scheduled to list on BSE and NSE on September 16, 2026.

Source:

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

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