Glass Wall Systems (India) IPO
Glass Wall Systems (India) IPO is a mainboard IPO raising ₹428 Cr at ₹172 – ₹182 a share. The smallest application you can make is 82 shares, costing ₹14,924 at the top of the band. Bidding has closed; the shares list on 16 Sept 2026. So far it has been subscribed 82× in total.
81.6 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 47,02,085 | 78,96,08,094 | 168× |
| Foreign Institutional Investors | no separate quota | 18,78,82,008 | n/a |
| Domestic Financial Institutions | no separate quota | 45,84,74,300 | n/a |
| Mutual funds | no separate quota | 2,36,29,694 | n/a |
| Others | no separate quota | 11,96,22,092 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 35,26,564 | 28,11,15,762 | 80× |
| Non Institutional Investors | 23,51,043 | 17,37,47,340 | 74× |
| Corporates | no separate quota | 31,99,230 | n/a |
| Individuals | no separate quota | 16,47,56,942 | n/a |
| Others | no separate quota | 57,91,168 | n/a |
| Non Institutional Investors | 11,75,521 | 10,73,68,422 | 91× |
| Corporates | no separate quota | 5,78,756 | n/a |
| Individuals | no separate quota | 10,35,95,684 | n/a |
| Others | no separate quota | 31,93,982 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 82,28,649 | 27,30,04,732 | 33× |
| Cut Off | no separate quota | 24,09,63,396 | n/a |
| Price bids | no separate quota | 3,20,41,336 | n/a |
| Total | 1,64,57,298 | 1,34,37,28,588 | 82× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 10 Sept, 11:08 pm IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 18% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.26 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.