Markets / IPO / Glass Wall Systems (India)

Glass Wall Systems (India) IPO

Updated 17:57

Mainboard IPO on NSE and BSE · Other Construction Materials

Status

Listed

Price band

₹172–182

Lot size

82 shares · ₹14,924

Subscribed

81.65×

How it listed

Issue price

₹182

Listing price (open)

₹194.00 +6.59%

First-day close

₹214.85 +18.05%

Price now

₹245.60 +34.95%

Listing day	16 Sept 2026
Open / high / low / close	₹194.00 / ₹229.00 / ₹185.20 / ₹214.85
Shares traded on NSE	5,08,39,300
Market value at the listing-day close	₹1,818 cr

Closing prices since listing: 26 Oct ₹212.90, 27 Oct ₹216.90, 28 Oct ₹215.25, 29 Oct ₹217.05, 30 Oct ₹211.85, 2 Nov ₹225.99, 3 Nov ₹230.72, 4 Nov ₹244.63, 5 Nov ₹248.99, 6 Nov ₹246.80.

Glass Wall Systems (India) share price, live chart and technicals →

Key dates

Bidding opens	8 Sept 2026
Bidding closes	10 Sept 2026
Allotment	11 Sept 2026
Refunds and shares in demat	15 Sept 2026
Listing	16 Sept 2026

Issue reservation

Investor group	Shares	% of issue	Most applicants allotted
Institutions (QIB)	47,02,085	28.57%	–
HNI / NII	35,26,564	21.43%	–
HNI, above ₹10 lakh	23,51,043	14.29%	421
HNI, ₹2–10 lakh	11,75,521	7.14%	1,023
Retail	82,28,649	50.00%	1,00,349

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

Application	Lots	Shares	Amount
Retail (minimum)	1	82	₹14,924
Retail (maximum)	13	1,066	₹1,94,012
Small HNI (minimum)	14	1,148	₹2,08,936
Small HNI (maximum)	67	5,494	₹9,99,908
Big HNI (minimum)	68	5,576	₹10,14,832

At ₹182 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance

At least 1 in 33

Retail allotments available

1,00,349 × one lot

Retail portion subscribed

33.18×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor category	Shares offered	Shares bid for	Times subscribed
Institutions (QIB)	47,02,085	78,96,08,094	167.93×
HNI / NII	35,26,564	28,11,15,762	79.71×
HNI, above ₹10 lakh	23,51,043	17,37,47,340	73.90×
HNI, ₹2–10 lakh	11,75,521	10,73,68,422	91.34×
Retail	82,28,649	27,30,04,732	33.18×
Total	1,64,57,298	1,34,37,28,588	81.65×

NSE and BSE bids together, as of 10 Sept 2026 19:00.

Demand at each price

Top price ₹182	11,033.57 lakh shares	82.0%
Cut-off final price, whatever it is; mostly retail	2,411.17 lakh shares	17.9%
Lower prices ₹172–181	4.36 lakh shares	0.0%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date	7 Sept 2026
Lock-in ends for the first 50% (30 days)	10 Oct 2026
Lock-in ends for the remaining 50% (90 days)	9 Dec 2026 (in 33 days)

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

	At issue price	Now
Market value	₹1,540 cr	₹2,079 cr
P/E (last 12 months' profit)	–	–

Revenue, last 12 months	–
Profit, last 12 months	–
Return on equity	–
Debt to equity	–

From results the company filed with NSE (latest period to 30 Jun 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Other Construction Materials

Company	Listed	Subscribed	On listing	Since IPO
Teamtech Formwork Solutions SME	26 May	–	+19.05%	+168.97%

IPO details

Price band	₹172–182
Final issue price	₹182
Lot size	82 shares
Minimum investment	₹14,924 (1 lot)
Market	NSE mainboard
Issue type	Book Building
Face value	₹2 per Equity Share
Industry	Other Construction Materials
Issue size	₹427.89 crore (about 2.35 crore shares) · Fresh issue + offer for sale: fresh ₹60.00 cr, offer for sale ₹367.89 cr
ISIN	INE644Q01039
Registrar	MUFG Intime India Private Limited Helpline: +91 810 811 4949, glasswallsystems.ipo@in.mpms.mufg.com
Lead managers	IIFL Capital Services Limited (Formerly known as IIFL Securities Limited) and Motilal Oswal Investment Advisors Limited
Prospectus	Red herring prospectus (NSE)

Check allotment status

Allotment was finalised on 11 Sept 2026. Check it on the registrar's page (MUFG Intime India Private Limited), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Glass Wall Systems (India) IPO price band and lot size?

The price band is ₹172–182 per share, and one lot is 82 shares (₹14,924 at the upper price).

When is the Glass Wall Systems (India) IPO allotment date?

Allotment was finalised on 11 Sept 2026, the next working day after bidding closed on 10 Sept 2026.

How many times was the Glass Wall Systems (India) IPO subscribed?

In total 81.65 times, on NSE and BSE together; retail 33.18 times.

What is the Glass Wall Systems (India) IPO listing date?

It listed on 16 Sept 2026 on NSE and BSE.

What is the chance of getting Glass Wall Systems (India) IPO shares?

At least 1 in 33 retail applicants got the minimum lot: 1,00,349 retail allotments with the retail portion subscribed 33.18 times. Winners are picked by lottery.

When does the Glass Wall Systems (India) anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 10 Oct 2026 and the 90-day lock-in on the rest ends on 9 Dec 2026; they can sell from the next trading day.

What was the Glass Wall Systems (India) listing gain?

It opened at ₹194.00 against an issue price of ₹182, a gain of 6.59%. It is now up 34.95% from the issue price.