Glass Wall Systems IPO Day 2: Subscription Status on 9 September 2026

The issue has entered Day 2 of its three day bidding window, which opened on 8 September and closes on 10 September 2026. Glass Wall Systems (India) Limited, a facade and fenestration solutions provider, is raising about Rs 427.89 crore through a combination of fresh issue and offer for sale, and the shares are proposed to list on both NSE and BSE.

Day 1 bidding for the issue crossed full subscription within about two and a half hours of opening, with retail and non-institutional investors driving the demand through the session, while institutional participation stayed thin. With QIB bids on mainboard issues typically concentrating on the final day, today's session and the 10 September close remain important for the final outcome.

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Glass Wall Systems IPO Details

The table below sets out the key parameters of the issue.

Open Date	8 September 2026
Close Date	10 September 2026
Price Band	Rs 172 to Rs 182 per share
Lot Size	82 shares
Issue Size	Rs 427.89 crore
Issue Type	Book Built Issue
Listing At	NSE and BSE
Allotment Date	11 September 2026
Listing Date	16 September 2026

Glass Wall Systems IPO Subscription Status Day 2

Category wise bidding for the issue is updated through the trading session on NSE and BSE. The table below shows the position at the close of Day 1 along with the overall figure recorded so far on Day 2.

Investor Category	Subscription at Day 1 Close (8 Sep)	Overall Subscription So Far (Day 2, 9 Sep)
Qualified Institutional Buyers (QIB)	0.01 times	Updating
Non-Institutional Investors (NII)	3.02 times	Updating
Retail Individual Investors	3.75 times	Updating
Overall	2.52 times	Updating through the session

Retail bidding has led the issue through Day 1, closely followed by non-institutional investors, while the QIB category has yet to show meaningful demand. Investors should treat the Day 2 figures as provisional since bidding remains open until the 10 September close.

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Glass Wall Systems IPO

1. Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
2. Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 172 to Rs 182 band, in multiples of 82 shares.
3. Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
4. Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 10 September.

Download the Univest iOS App or Univest Android App to apply for the issue before the 10 September close.

Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

Conclusion

The issue has opened strongly, crossing full subscription within hours on Day 1 with retail and NII demand leading the way, while the QIB book has room to build before the 10 September close. Investors considering the issue should review the company financials and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence.

FAQs

What is the Glass Wall Systems IPO subscription status on Day 2?

Ans. The issue closed Day 1 subscribed 2.52 times overall, with retail leading at 3.75 times, NII at 3.02 times, and QIB at 0.01 times, and figures for Day 2, 9 September 2026, are updating through today's session.

When does the Glass Wall Systems IPO close?

Ans. The issue closes for subscription on 10 September 2026, having opened on 8 September 2026.

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

Ans. The issue price band is Rs 172 to Rs 182 per share, with a lot size of 82 shares, taking the minimum retail investment to about Rs 14,924 at the upper band.

Which category led the Glass Wall Systems IPO on Day 1?

Ans. Retail investors led the issue on Day 1, subscribing their reserved portion 3.75 times, closely followed by non-institutional investors at 3.02 times, while qualified institutional buyers recorded only 0.01 times.

What is the Glass Wall Systems IPO GMP?

Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

How do I apply for the Glass Wall Systems IPO?

Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, entering your bid in multiples of 82 shares within the Rs 172 to Rs 182 band and approving the UPI mandate before the daily cut off.

When will the Glass Wall Systems IPO be allotted and listed?

Ans. The issue allotment is expected to be finalised on 11 September 2026, with listing on NSE and BSE tentatively scheduled for 16 September 2026.

Is the Glass Wall Systems IPO likely to close oversubscribed?

Ans. The issue was already subscribed 2.52 times through Day 1, so barring a sharp slowdown, the issue is well placed to close oversubscribed, though the QIB book, which stood at only 0.01 times, will only become clearer closer to the 10 September deadline.

What is the reservation split in the Glass Wall Systems IPO?

Ans. The issue reserves not more than 50 percent of the net offer for qualified institutional buyers, not less than 15 percent for non-institutional investors, and not less than 35 percent for retail individual investors.

What does Glass Wall Systems (India) Limited do?

Ans. Glass Wall Systems (India) Limited designs, manufactures and installs facade and fenestration systems, including glass facades, windows and doors, for domestic and international clients, and is the second largest facade solutions provider in India by revenue.