Glass Wall Systems IPO Subscription Update: Issue Subscribed 8.24x on Day 2
On the second day, Glass Wall Systems (India) received bids for 14,24,586 shares against 47,02,085 shares available for subscription, according to NSE data. The retail investor category was subscribed 10.96, while the Non-Institutional Investor (NII) category and Qualified Institutional Buyer (QIB) portion had received 12.41 and 0.30 bids at the time of the update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
Glass Wall Systems (India) IPO Subscription Details
| Sr. No. | Category | No. of Times of Total Meant for the Category |
|---|---|---|
| 1. | Qualified Institutional Buyers (QIBs) | 0.30 |
| 2. | Non-Institutional Investors | 12.41 |
| 3. | Retail Individual Investors (RIIs) | 10.96 |
| - | Total | 8.22 |
Glass Wall Systems (India) IPO Overview & Purpose
Glass Wall Systems (India) is a façade glazing solutions provider offering products and services for building façades and fenestration. The company’s IPO comprises a fresh issue of Rs 60 crore and an Offer for Sale of Rs 367.89 crore, taking the total issue size to around Rs 427.89 crore. The price band is fixed at Rs 172-Rs 182 per share, with a lot size of 82 shares.
The company plans to use the fresh issue proceeds to fund capital expenditure for setting up a glass processing unit at its Vile Bhagad facility, along with general corporate purposes.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
Other News
Pranav Constructions IPO Day 3: Issue Subscribed 121.18 on Final Day
The Pranav Constructions IPO witnessed strong demand on the final day of bidding, with the issue seeing robust participation across investor categories. The NII category led subscriptions at 72.88x, while the retail portion was subscribed 16.65x. The QIB portion stood at 5.79x.
Kanohar Electricals IPO Subscription Update: Issue Subscribed 2.70x on Day 2
The Kanohar Electricals IPO continued to attract strong investor interest on Day 2 of bidding. As per the latest subscription data, the issue was subscribed 2.70 times overall, with Non-Institutional Investors (NIIs) leading the demand at 4.87x, followed by Retail Individual Investors at 3.29x. The QIB portion was subscribed 0.03x. The IPO opened on September 8 and will remain open until September 10, 2026.
Rentomojo IPO Subscription Update: Issue Subscribed 1.42x on Day 1
The Rentomojo IPO received a strong response from investors on the first day of bidding, with the issue fully subscribed. The IPO, which opened on September 9, will remain open for subscription until September 11. The company has fixed the price band at Rs.384 to Rs.404 per share.