Glass Wall Systems IPO Subscription Status
Final figures at close of bidding: 16 Sept 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 167.93x |
| NII | 79.71x |
| sNII (₹2L–₹10L) | 91.34x |
| bNII (above ₹10L) | 73.9x |
| Retail (RII) | 33.18x |
| Total | 81.65x |
Bidding day 3
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 0.01x | 5x | 2.05x | 3.82x | 2.56x |
| Day 2 | 0.3x | 18.91x | 9.16x | 10.96x | 8.23x |
| Day 3 | 167.93x | 91.34x | 73.9x | 33.18x | 81.65x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
Demand in the Glass Wall Systems IPO accumulated over 3 days of bidding: overall subscription stood at 2.56× at the close of day 1, read 8.23× at the end of day 2, and finished at 81.65× on day 3. On the final day it was qualified institutional buyers (QIB) driving the book, at 167.93× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 3, when the overall multiple moved from 8.23× to 81.65×.
Category detail
The QIB portion ended at 167.93×. Non-institutional investors came in at 79.71×, split 91.34× in the small-NII bucket (bids under ₹10 lakh) and 73.9× among big NIIs (above ₹10 lakh). Within the NII book, the smaller sub-₹10-lakh applications outpaced the bigger bids. Retail investors put in bids for 33.18× the shares reserved for them. That puts qualified institutional buyers (QIB) at the top of the book at 167.93× and retail investors at the bottom at 33.18×.
What the multiple means for allotment
Retail bids ran to about 33.18 times the shares earmarked for the category. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 82 shares — ₹14,924 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Glass Wall Systems IPO open and close?
- The Glass Wall Systems IPO opens on 8 Sept 2026 and closes on 10 Sept 2026.
- How many times was the Glass Wall Systems IPO subscribed?
- The Glass Wall Systems IPO was subscribed 81.65 times in total across all investor categories.
- What is the reservation split in the Glass Wall Systems IPO?
- Of the total shares offered, retail investors get 35%, QIBs 20% (plus 30% anchor), non-institutional investors 15%.