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Glass Wall Systems IPO Subscription

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Updated 16 September 2026, 9:15 AM IST· Mainboard

Glass Wall Systems IPO subscription closed on 10 September 2026 at 81.65x overall by shares. QIB demand came in at 167.93x, NII at 79.71x, and retail at 33.18x. See Retail, SHNI, and BHNI allotment chances in the table…

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Allotment date is 11 September 2026. Listing date on NSE and BSE is 16 September 2026.

Issue Price
Rs 182.00
GMP Today
Rs 39.00 (+21.43%)
Overall Sub
81.65x
Issue Size
₹427.89 Cr
Allotment
11 Sept 2026
Listing
16 Sept 2026

Glass Wall Systems IPO Day-wise Subscription

Daily QIB, NII, Retail, and overall subscription as bids come in

DayQIBNIIRetailOverall
Day 1 - 8 Sept 20260.01x3.03x3.82x2.56x
Day 2 - 9 Sept 20260.30x12.41x10.96x8.23x
Day 3 - 10 Sept 2026167.93x79.71x33.17x81.65x

Glass Wall Systems IPO Allotment Chances

Retail, SHNI, and BHNI chances based on application subscription

Glass Wall Systems IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.

CategorySubscription (Apps)Allotment Chances
Retail29.55x1 in 30
SHNI (Rs 2L to Rs 10L)88.46x1 in 88
BHNI (above Rs 10L)15.00x1 in 15

Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.

Check the Glass Wall Systems IPO Allotment Status page from 11 September 2026 for your result.

Glass Wall Systems IPO Subscription by Amount

Category-wise subscription based on amount applied at issue price Rs 182.00

CategoryAmount OfferedAmount AppliedSubscription
QIBRs 85.58 CrRs 14,370.87 Cr167.93x
FII-Rs 3,419.45 Cr-
DFI-Rs 8,344.23 Cr-
Mutual Funds-Rs 430.06 Cr-
Other-Rs 2,177.12 Cr-
NIIRs 64.18 CrRs 5,116.29 Cr79.71x
bNII (above Rs 10L)Rs 42.79 CrRs 3,162.20 Cr73.90x
Corporate-Rs 58.23 Cr-
Individual-Rs 2,998.58 Cr-
Other-Rs 105.40 Cr-
sNII (Rs 2L to Rs 10L)Rs 21.39 CrRs 1,954.08 Cr91.34x
Corporate-Rs 10.53 Cr-
Individual-Rs 1,885.42 Cr-
Other-Rs 58.13 Cr-
RetailRs 149.76 CrRs 4,968.69 Cr33.18x
Cut-off price-Rs 4,385.53 Cr-
Fixed price-Rs 583.15 Cr-
TotalRs 299.52 CrRs 24,455.84 Cr81.65x

Glass Wall Systems IPO Subscription by Applications

Category-wise subscription based on applications received

CategoryApplications OfferedApplications ReceivedSubscription
QIB47,02,0854940.00x
FII-97-
DFI-43-
Mutual Funds-12-
Other-342-
NII3,0721,21,30039.49x
bNII (above Rs 10L)2,04830,71815.00x
Corporate-553-
Individual-29,148-
Other-1,017-
sNII (Rs 2L to Rs 10L)1,02490,58288.46x
Corporate-432-
Individual-87,411-
Other-2,739-
Retail1,00,34929,65,69929.55x
Cut-off price-26,12,397-
Fixed price-3,53,302-
Total48,05,50630,87,4930.64x

What Do These Subscription Numbers Mean?

81.65x overall by shares means bids covered about 82 times the shares on offer. Allotment chances depend on applications in each category.

QIB at 167.93x by shares shows institutional demand from mutual funds, FIIs, and banks.

NII covers bids above Rs 2 lakh (39.49x by applications). Split: SHNI 88.46x, BHNI 15.00x by applications. SHNI and BHNI allotment is by lottery.

At 29.55x subscription by applications, about 1 in 30 retail applicants may get allotment (~3% chance per application). Retail allotment is also by lottery.

Glass Wall Systems IPO GMP After Subscription

GMP for Glass Wall Systems IPO stands at Rs 39.00 today, giving an estimated listing price of Rs 221.00 per share.

The GMP has moved up from Rs 20.00 on 3 Sept 2026 to Rs 39.00 on 16 Sept 2026.

A subscription of 81.65x combined with a GMP of 21.43% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.

Track live GMP on the Glass Wall Systems IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.

Glass Wall Systems IPO Key Dates

EventDate
IPO Open Date8 September 2026
IPO Close Date10 September 2026
Allotment Date11 September 2026
Refund Initiation12 September 2026
Share Credit to Demat12 September 2026
Listing Date16 September 2026
Minimum InvestmentRs 14,924.00
Lot Size82 shares

About Glass Wall Systems IPO

Originally founded in 2002 as a partnership firm and incorporated as a company in 2010, Glass Wall Systems (India) Limited is a leading architectural façade solutions and fenestration engineering provider in India with international operations spanning the United States and Australia. The company's business is structured across three core verticals: Domestic Façade Solutions (design, engineering, fabrication, and EPC installation for landmark commercial and residential developments), International Façade Products Supply (manufacturing sustainable unitized curtain wall panels for overseas contractors), and Premium Fenestration Solutions (luxury architectural doors, windows, skylights, and partition systems marketed under the 'ORIA' brand via subsidiary Yes Systems). Supported by an integrated manufacturing setup at Vile Bhagad, Maharashtra, the company has completed over 150 marquee projects globally, including The Capital, Kohinoor Square, and Lodha World One in India, alongside major architectural towers across Chicago and New York.

Understanding Subscription Categories

QIB - Qualified Institutional Buyers

Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.

NII - Non-Institutional Investors (SHNI & BHNI)

Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.

Retail - Retail Individual Investors

Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.

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Glass Wall Systems IPO Subscription FAQs

What is Glass Wall Systems IPO subscription status today?

Glass Wall Systems IPO subscription closed on 10 September 2026 with overall subscription of 81.65x (by shares) as of 18 October 2026, 5:17 PM IST. QIB 167.93x, NII 39.49x, Retail 29.55x.

What is the overall subscription of Glass Wall Systems IPO?

Glass Wall Systems IPO is subscribed 81.65x overall by shares at close on 10 September 2026. QIB 167.93x, NII 39.49x, and Retail 29.55x.

What is Glass Wall Systems IPO QIB subscription?

Glass Wall Systems IPO QIB (Qualified Institutional Buyers) subscription is 167.93x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.

What is Glass Wall Systems IPO Retail subscription?

Glass Wall Systems IPO Retail subscription is 29.55x by applications. Retail bids are up to Rs 2 lakh per PAN.

What is Glass Wall Systems IPO NII, SHNI, and BHNI subscription?

Glass Wall Systems IPO NII subscription is 39.49x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 88.46x and BHNI (above Rs 10L) at 15.00x.

What are Glass Wall Systems IPO retail allotment chances?

At 29.55x subscription by applications, about 1 in 30 retail applicants may get allotment (~3% chance per application). Allotment is by lottery. Share subscription was 33.18x. Allotment chances use applications, not share volume.

What are Glass Wall Systems IPO SHNI allotment chances?

At 88.46x subscription by applications, about 1 in 88 SHNI applicants may get allotment (~1% chance per application). Allotment is by lottery. Share subscription was 91.34x. Allotment chances use applications, not share volume.

What are Glass Wall Systems IPO BHNI allotment chances?

At 15.00x subscription by applications, about 1 in 15 BHNI applicants may get allotment (~7% chance per application). Allotment is by lottery. Share subscription was 73.90x. Allotment chances use applications, not share volume.

When is Glass Wall Systems IPO allotment date?

Glass Wall Systems IPO allotment date is 11 September 2026. Check Glass Wall Systems IPO Allotment Status on IPOwiz from that day using your PAN.

When does Glass Wall Systems IPO subscription close?

Glass Wall Systems IPO subscription closed on 10 September 2026. No new applications are accepted after the close.

What is Glass Wall Systems IPO GMP today?

Glass Wall Systems IPO GMP is ₹39 today (+21.43% over issue price ₹182). See live GMP on the Glass Wall Systems IPO GMP Today page.

What is Glass Wall Systems IPO issue price and lot size?

Glass Wall Systems IPO issue price is ₹182 per share. Lot size is 82 shares. Minimum investment is ₹14,924 per lot. Issue size: ₹427.89 Cr.

When is Glass Wall Systems IPO listing date?

Glass Wall Systems IPO listing date is 16 September 2026 on NSE and BSE. Allotment is on 11 September 2026.

How does subscription affect Glass Wall Systems IPO allotment?

In Glass Wall Systems IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 81.65x overall, competition is very high.

For allotment results from 11 September 2026, visit the Glass Wall Systems IPO Allotment Status page. For listing day updates on 16 September 2026, download the IPOwiz App.

Sources

We match Glass Wall Systems IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • IPO RegistrarRegistrar details are on the allotment page for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.