Subscription status
- Qualified institutional buyers (QIB)167.93x
- Non-institutional investors (NII)79.71x
- NII: bids above ₹10 lakh (big NII)73.90x
- NII: bids of ₹2–10 lakh (small NII)91.34x
- Retail investors33.18x
- Total81.65x
Shares offered and bid for, by category
| Category | Shares offered | Shares bid for |
|---|---|---|
| Qualified institutional buyers (QIB) | 47,02,085 | 78,96,08,094 |
| Foreign institutions (FII) | – | 18,78,82,008 |
| Banks, financial institutions and insurers | – | 45,84,74,300 |
| Mutual funds | – | 2,36,29,694 |
| Other institutions | – | 11,96,22,092 |
| Non-institutional investors (NII) | 35,26,564 | 28,11,15,762 |
| NII: bids above ₹10 lakh (big NII) | 23,51,043 | 17,37,47,340 |
| Corporates | – | 31,99,230 |
| Individuals(Other than RIIs) | – | 16,47,56,942 |
| Others | – | 57,91,168 |
| NII: bids of ₹2–10 lakh (small NII) | 11,75,521 | 10,73,68,422 |
| Corporates | – | 5,78,756 |
| Individuals(Other than RIIs) | – | 10,35,95,684 |
| Others | – | 31,93,982 |
| Retail investors | 82,28,649 | 27,30,04,732 |
| Cut Off | – | 24,09,63,396 |
| Price bids | – | 3,20,41,336 |
| Total | 1,64,57,298 | 1,34,37,28,588 |
Lot size and investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 82 | ₹14,924 |
| Retail (maximum) | 13 | 1,066 | ₹1,94,012 |
| Small NII / sHNI (minimum) | 14 | 1,148 | ₹2,08,936 |
| Small NII / sHNI (maximum) | 67 | 5,494 | ₹9,99,908 |
| Big NII / bHNI (minimum) | 68 | 5,576 | ₹10,14,832 |
IPO details
| Company | Glass Wall Systems (India) Limited |
|---|---|
| Board | Mainboard (NSE and BSE) |
| Issue period | Tue, 8 Sep 2026 to Thu, 10 Sep 2026 |
| Price band | ₹172 – ₹182 |
| Face value | ₹2 per share |
| Lot size | 82 shares |
| Cut-off time for UPI Mandate Confirmation | 10-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. |
| Issue Size | Initial public offer comprising of Fresh Issue aggregating up to Rs. |
| Issue Type | Book Building |
| Discount | NA |
| Tick Size | Re. 1 |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Maximum Bid Quantity for QIB Investors | 1,64,57,236 Equity Shares in multiple of 82 Equity Shares |
| Maximum Bid Quantity for NIB Investors | 1,17,55,192 Equity Shares in multiple of 82 Equity Shares |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
| Sponsor Bank | HDFC Bank Limited and ICICI Bank Limited |
| Contact person name number and Email id | Shanti Gopalkrishnan, +91 810 811 4949, glasswallsystems.ipo@in.mpms.mufg.com |
| Registrar | MUFG Intime India Private Limited |
| Lead managers | IIFL Capital Services Limited (Formerly known as IIFL Securities Limited) and Motilal Oswal Investment Advisors Limited |
Offer documents
Frequently asked questions
When does the Glass Wall Systems (India) IPO open and close?
It opens on Tue, 8 Sep 2026 and closes on Thu, 10 Sep 2026.
What is the price band of the Glass Wall Systems (India) IPO?
₹172 – ₹182 per share, with a face value of ₹2.
What is the lot size and minimum investment?
One lot is 82 shares. The minimum application is one lot, which costs ₹14,924 at the top of the price band.
When is the allotment and listing date?
Allotment was on Fri, 11 Sep 2026 and the shares listed on Wed, 16 Sep 2026.
What was the Glass Wall Systems (India) IPO listing gain?
It listed at ₹194 on Wed, 16 Sep 2026, a gain of +6.6% on the issue price of ₹182.
How do I check the Glass Wall Systems (India) IPO allotment status?
On the registrar's website (MUFG Intime India Private Limited) or the NSE and BSE allotment pages, using your PAN or application number, from the allotment date.
For information only. Not investment advice. SmartFigure is not registered with SEBI as an investment adviser or research analyst. GMP is an unofficial, unregulated grey-market figure, averaged from public websites; it is not a prediction of the listing price. Rely on the offer documents.