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Glass Wall Systems (India) IPO Subscription Status

The Glass Wall Systems (India) IPO has been subscribed 81.65x times overall. Retail investors have shown interest with bids for 33.18x the shares available. The Non-Institutional Investor (NII) category has been subscribed 79.71x. Within NII, Big HNI (B-HNI) subscribed 73.9x and Small HNI (S-HNI) subscribed 91.34x. Qualified Institutional Buyers (QIBs) have subscribed 167.93x. Data last updated on 11 Sep, 11:00 PM.

The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 08 Sep, 2026 and closes on 10 Sep, 2026. The shares are expected to list on stock exchanges on 16 Sep, 2026.

Full Details Check GMP

Live Subscription Data
Day-wise Subscription History
Allotment Probability
What Does This Subscription Data Mean?
Frequently Asked Questions

Total Subscription

81.65 x

QIB 167.93x

BHNI 73.9x

SHNI 91.34x

Retail 33.18x

Live Bidding

Category	Offered	Applied	Amount (Cr)	Bid Details	TIMES
QIB	47,02,085	78,96,08,094	14,370.87 Cr	78,96,08,094 of 47,02,085 14,370.87 Cr	167.93x
1(a) Foreign Institutional Investors (FIIs)		18,78,82,008	3,419.45 Cr	18,78,82,008 3,419.45 Cr
1(b) Domestic Financial Institutions (Banks/FIs/Insurance)		45,84,74,300	8,344.23 Cr	45,84,74,300 8,344.23 Cr
1(c) Mutual Funds		2,36,29,694	430.06 Cr	2,36,29,694 430.06 Cr
1(d) Others		11,96,22,092	2,177.12 Cr	11,96,22,092 2,177.12 Cr
NII	35,26,564	28,11,15,762	5,116.31 Cr	28,11,15,762 of 35,26,564 5,116.31 Cr	79.71x
2.1 Big NII — bid amount above ₹10 Lakh	23,51,043	17,37,47,340	3,162.20 Cr	17,37,47,340 3,162.20 Cr	73.9
2.1(a) Corporates		31,99,230	58.23 Cr	31,99,230 58.23 Cr
2.1(b) Individuals (other than RIIs)		16,47,56,942	2,998.58 Cr	16,47,56,942 2,998.58 Cr
2.1(c) Others		57,91,168	105.40 Cr	57,91,168 105.40 Cr
2.2 Small NII — bid amount ₹2–10 Lakh	11,75,521	10,73,68,422	1,954.11 Cr	10,73,68,422 1,954.11 Cr	91.34
2.2(a) Corporates		5,78,756	10.53 Cr	5,78,756 10.53 Cr
2.2(b) Individuals (other than RIIs)		10,35,95,684	1,885.44 Cr	10,35,95,684 1,885.44 Cr
2.2(c) Others		31,93,982	58.13 Cr	31,93,982 58.13 Cr
Retail	82,28,649	27,30,04,732	4,968.69 Cr	27,30,04,732 of 82,28,649 4,968.69 Cr	33.18x
TOTAL	1,64,57,298	1,34,37,28,588	24,455.86 Cr	1,34,37,28,588 24,455.86 Cr	81.65x

Last Updated: 11 Sep 2026, 11:00 PM

Application-wise Breakup (Estimated)

Approximate application counts — the exchanges don't publish these during bidding. Estimated from shares bid using the typical application size seen in recent IPOs' Basis of Allotment data. Final counts appear here once the Basis of Allotment is out.

Category	Max Applications	Est. Applied	Times
Retail max 94,836	94,836	27,28,756	28.77x
sNII (₹2–10 L) max 968	968	89,188	92.14x
bNII (₹10 L+) max 398	398	30,344	76.24x
TOTAL (EST.)		28,48,288

Subscription Insights

Retail Allotment

High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 34 applicants will be successful.

Institutional Backing

Massive institutional interest with QIBs subscribing 167.93x. This often signals long-term confidence from professional funds.

Day-wise Subscription History

Subscription trends over the last 3 days

Date	Total	QIB	BHNI	SHNI	Retail
10 Sep 2026 DAY 3	81.65x	167.93x	73.9x	91.34x	33.18x
QIB 167.93x BHNI 73.9x SHNI 91.34x Retail 33.18x
09 Sep 2026 DAY 2	8.22x	0.3x	9.16x	18.9x	10.96x
QIB 0.3x BHNI 9.16x SHNI 18.9x Retail 10.96x
08 Sep 2026 DAY 1	2.52x	0.01x	2.05x	4.97x	3.74x
QIB 0.01x BHNI 2.05x SHNI 4.97x Retail 3.74x

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Anchor Investor Allocation

Breakdown of shares allotted to anchor investors before the IPO opening

#	Anchor Investor	Group Entity	Shares Allotted	Amt (₹ cr.)	% Allocated	% of Issue
1	HDFC BUSINESS CYCLE FUND	HDFC MUTUAL FUND	1098882	₹20.00 Cr	15.58%	4.67%
2	IKIGAI EMERGING EQUITY FUND	IKIGAI	604422	₹11.00 Cr	8.57%	2.57%
3	PINEBRIDGE GLOBAL FUNDS-PINEBRIDGE INDIA EQUITY FUND	PINEBRIDGE	604422	₹11.00 Cr	8.57%	2.57%
4	HDFC INFRASTRUCTURE FUND	HDFC MUTUAL FUND	549482	₹10.00 Cr	7.79%	2.34%
5	BENGAL FINANCE & INVESTMENT PVT.LTD.	BENGAL FINANCE & INVESTMENT	531852	₹9.68 Cr	7.54%	2.26%
6	ABAKKUS GROWTH FUND-OPEN ENDED	ABAKKUS	494542	₹9.00 Cr	7.01%	2.10%
7	KOTAK MAHINDRA LIFE INSURANCE CO.LTD.	KOTAK LIFE INSURANCE	471992	₹8.59 Cr	6.69%	2.01%
8	INTEGRATED CORE STRATEGIES (ASIA) PTE.LTD.	INTEGRATED CORE	471992	₹8.59 Cr	6.69%	2.01%
9	SUBHKAM VENTURES (I) PVT.LTD.	SUBHKAM VENTURES	412132	₹7.50 Cr	5.84%	1.75%
10	BANK OF INDIA MANUFACTURING & INFRASTRUCTURE FUND	BANK OF INDIA MUTUAL FUND	384632	₹7.00 Cr	5.45%	1.64%
11	BANK OF INDIA ELSS TAX SAVER	BANK OF INDIA MUTUAL FUND	329670	₹6.00 Cr	4.67%	1.40%
12	EDELWEISS LIFE INSURANCE CO.LTD.	EDELWEISS LIFE INSURANCE	274777	₹5.00 Cr	3.90%	1.17%
13	LC PHAROS MULTI STRATEGY FUND VCC-LC PHAROS MULTI STRATEGY FUND SF1	LC PHAROS	274777	₹5.00 Cr	3.90%	1.17%
14	INDIA CAPITAL GROWTH FUND LTD.	INDIA CAPITAL	274777	₹5.00 Cr	3.90%	1.17%
15	AUTHUM INVESTMENT & INFRASTRUCTURE LTD.	AUTHUM INVESTMENT	274776	₹5.00 Cr	3.90%	1.17%
	Total		7,053,127	₹128.36 Cr	100.00%

Glass Wall Systems (India) IPO Allotment Probability

Retail (up to ₹2 L)

1 in 34

~3% chance per PAN — based on 33.18x subscription. Winners get exactly 1 lot (₹14,924) by SEBI lottery, however many lots you bid.

Small HNI (₹2–10 L)

1 in 92

~1.1% chance — based on 91.34x subscription. Lottery allots the minimum S-HNI application of 14 lots (₹2.1 L) per winner; bidding bigger doesn't improve odds.

Big HNI (above ₹10 L)

1 in 74

~1.4% chance — based on 73.9x subscription. Lottery allots the minimum B-HNI application of 68 lots (₹10.1 L) per winner; the rest is proportionate.

QIB (institutions)

167.93x

Proportionate allotment — at 167.93x, institutions receive ~0.6% of their bid. No lottery; not open to individual investors. Strong institutional endorsement.

Odds marked with applicant counts are computed from the exchange's actual application data (applicants ÷ allotment slots); others assume minimum-size bids at the current subscription multiple. Retail and HNI allotment is by SEBI-mandated lottery of the minimum application when oversubscribed; QIB allotment is proportionate. Numbers move until subscription closes. This is not investment advice.

What Does This Subscription Data Mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during market hours (10 AM – 5 PM IST) on active subscription days.

Frequently Asked Questions

What is the current subscription status of Glass Wall Systems (India) IPO?

As of IPO close date (10 Sep, 2026), the Glass Wall Systems (India) IPO is subscribed 81.65x times. Retail category is 33.18x, and NII is 79.71x subscribed.

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

The allotment for Glass Wall Systems (India) IPO is expected to be finalized on 11 September, 2026.

What is the GMP of Glass Wall Systems (India)?

The Grey Market Premium (GMP) for Glass Wall Systems (India) is currently ₹41, indicating a potential listing gain of 22.53%.

When will Glass Wall Systems (India) IPO list on the stock market?

Glass Wall Systems (India) is scheduled to list on BSE and NSE on 16 September, 2026.

What are the chances of getting allotment in Glass Wall Systems (India) IPO?

The retail category is oversubscribed at 33.18x, meaning allotment is by lottery. Statistically, approximately 1 in 34 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 167.93x mean for Glass Wall Systems (India) IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 167.93x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

How to check Glass Wall Systems (India) IPO allotment status?

After the allotment date (11 Sep, 2026), you can check your Glass Wall Systems (India) IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.