Niva Market Watch

Glass Wall Systems (India) Limited IPO

listed · NSE · Bookbuilding IPO

Glass Wall Systems (India) Limited IPO was a ₹428 crore book-built issue on NSE with a price band of ₹172–₹182 per share, open for bidding from 8 Sep 2026 to 10 Sep 2026.

Last updated: · How we collect data

Company overview

Website
https://www.glasswallsystems.in/

IPO overview

Glass Wall Systems (India) Limited raised ₹428 crore through a book-built issue, combining new shares issued by the company (a fresh issue) with shares sold by existing shareholders (an offer for sale).

Bids were accepted within a price band of ₹172–₹182 per share (face value ₹2); the final issue price is set within this band after bidding closes.

The shares listed on NSE on 16 Sep 2026.

IIFL Capital Services Ltd. was the book-running lead manager and MUFG Intime India Pvt.Ltd. is the registrar, which processes applications, allotment and refunds.

Issue type
Bookbuilding IPO
Issue structure
Fresh capital cum OFS
Issue size
₹428 crore
Price
₹172–₹182 per share
Face value
₹2 per share
Exchange
NSE
Lead manager
IIFL Capital Services Ltd.
Registrar
MUFG Intime India Pvt.Ltd.

IPO timeline

  1. Bidding opens 8 Sep 2026
  2. Bidding closes 10 Sep 2026
  3. Basis of allotment 11 Sep 2026
  4. Refunds / unblocking 15 Sep 2026
  5. Shares credited to demat 15 Sep 2026
  6. Listing 16 Sep 2026

Bidding ran from 8 Sep 2026 to 10 Sep 2026.

After bidding, the basis of allotment was due on 11 Sep 2026, refunds / unblocking of funds were due on 15 Sep 2026 and shares were due to be credited to demat accounts on 15 Sep 2026.

The shares listed on 16 Sep 2026.

Subscription summary

By the close of bidding, the issue was subscribed 81.65× overall (last figure recorded 10 Sep 2026).

By category: qualified institutional buyers (QIB) 167.93×, non-institutional investors (NII) 79.71× and retail investors 33.18×.

Recorded day by day: 8 Sep 2.57×, 9 Sep 8.24× and 10 Sep 81.65×.

Bids were received for 81.65× the shares available, so not every applicant in an oversubscribed category will receive shares.

CategorySubscribed (as of 10 Sep 2026)
QIB167.93×
NII79.71×
Retail33.18×
Overall81.65×

Grey market premium (unofficial)

The last grey market premium (GMP) we recorded for this issue was ₹41 on 15 Sep 2026, equal to 22.5% of the upper price band.

Across 13 readings between 3 Sep 2026 and 15 Sep 2026, the quoted GMP ranged from ₹20 to ₹66.

We do not yet record actual listing prices, so this page does not compare the GMP with where the shares opened.

  • GMP is unofficial: it is not published or verified by NSE, BSE or SEBI, changes quickly, and is not a forecast or guarantee of the listing price.

Allotment

The basis of allotment was due on 11 Sep 2026. Applicants can check their status using their PAN, application number or demat account details.

The registrar, MUFG Intime India Pvt.Ltd., processes allotment; check status on its website or the exchange's application-status page.

Offer documents

Where the offer document differs from any figure on this page, the document prevails.

Sources and data methodology

NSE & BSE public-issue data; Chittorgarh and InvestorGain (fill gaps only); InvestorGain live subscription report (third-party); InvestorGain grey market report (unofficial); Chittorgarh allotment calendar. Methodology · Report an error

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