
Glass Wall Systems IPO Subscription
ListedUpdated 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…
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 below.
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Allotment date is 11 September 2026. Listing date on NSE and BSE is 16 September 2026.
Glass Wall Systems IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 8 Sept 2026 | 0.01x | 3.03x | 3.82x | 2.56x |
| Day 2 - 9 Sept 2026 | 0.30x | 12.41x | 10.96x | 8.23x |
| Day 3 - 10 Sept 2026 | 167.93x | 79.71x | 33.17x | 81.65x |
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.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 29.55x | 1 in 30 |
| SHNI (Rs 2L to Rs 10L) | 88.46x | 1 in 88 |
| BHNI (above Rs 10L) | 15.00x | 1 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
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 85.58 Cr | Rs 14,370.87 Cr | 167.93x |
| FII | - | Rs 3,419.45 Cr | - |
| DFI | - | Rs 8,344.23 Cr | - |
| Mutual Funds | - | Rs 430.06 Cr | - |
| Other | - | Rs 2,177.12 Cr | - |
| NII | Rs 64.18 Cr | Rs 5,116.29 Cr | 79.71x |
| bNII (above Rs 10L) | Rs 42.79 Cr | Rs 3,162.20 Cr | 73.90x |
| 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 Cr | Rs 1,954.08 Cr | 91.34x |
| Corporate | - | Rs 10.53 Cr | - |
| Individual | - | Rs 1,885.42 Cr | - |
| Other | - | Rs 58.13 Cr | - |
| Retail | Rs 149.76 Cr | Rs 4,968.69 Cr | 33.18x |
| Cut-off price | - | Rs 4,385.53 Cr | - |
| Fixed price | - | Rs 583.15 Cr | - |
| Total | Rs 299.52 Cr | Rs 24,455.84 Cr | 81.65x |
Glass Wall Systems IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 47,02,085 | 494 | 0.00x |
| FII | - | 97 | - |
| DFI | - | 43 | - |
| Mutual Funds | - | 12 | - |
| Other | - | 342 | - |
| NII | 3,072 | 1,21,300 | 39.49x |
| bNII (above Rs 10L) | 2,048 | 30,718 | 15.00x |
| Corporate | - | 553 | - |
| Individual | - | 29,148 | - |
| Other | - | 1,017 | - |
| sNII (Rs 2L to Rs 10L) | 1,024 | 90,582 | 88.46x |
| Corporate | - | 432 | - |
| Individual | - | 87,411 | - |
| Other | - | 2,739 | - |
| Retail | 1,00,349 | 29,65,699 | 29.55x |
| Cut-off price | - | 26,12,397 | - |
| Fixed price | - | 3,53,302 | - |
| Total | 48,05,506 | 30,87,493 | 0.64x |
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
| Event | Date |
|---|---|
| IPO Open Date | 8 September 2026 |
| IPO Close Date | 10 September 2026 |
| Allotment Date | 11 September 2026 |
| Refund Initiation | 12 September 2026 |
| Share Credit to Demat | 12 September 2026 |
| Listing Date | 16 September 2026 |
| Minimum Investment | Rs 14,924.00 |
| Lot Size | 82 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.
Glass Wall Systems IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Glass Wall Systems IPO Details
Issue size, price, financials, and company info
Glass Wall Systems IPO GMP
Live grey market premium and listing estimate
Glass Wall Systems IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Glass Wall Systems IPO Allotment
Allotment date, chances, and check by PAN
Glass Wall Systems IPO Review
SWOT, strengths, risks, and IPO review
Glass Wall Systems IPO FAQ
Common questions on dates, GMP, and allotment
Glass Wall Systems IPO Registrar
Registrar website and how to check allotment
Glass Wall Systems IPO Timeline
Open, close, allotment, and listing dates
Glass Wall Systems IPO News
Updates, blogs, and latest IPO news
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.