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  5. Glass Wall Systems IPO subscribed 27.40 times so far on Day 3: Check allotment date and steps

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Glass Wall Systems IPO subscribed 27.40 times so far on Day 3: Check allotment date and steps

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on September 10, 2026, 13:53 IST

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SUMMARY

The ₹427.89 crore Glass Wall Systems IPO comprises a fresh issuance of shares totalling ₹60 crore and an offer-for-sale (OFS) of 2.02 crore shares worth ₹367.89 crore by promoters Jawahar Hariram Hemrajani and Eshan Jawahar Hemrajani, and investor shareholder India Business Excellence Fund IIA.

Incorporated in 2002, Glass Wall Systems India is a facade solutions and fenestration provider. | Image: glasswallsystems.com

Incorporated in 2002, Glass Wall Systems India is a facade solutions and fenestration provider. | Image: glasswallsystems.com

Facade solutions provider Glass Wall Systems (India) Ltd's initial public offering has been subscribed 27.40 times so far on Thursday, September 10, the final day of bidding.

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It received bids for 45,09,62,936 shares against 1,64,57,298 shares on offer, according to the NSE data until 1:52 pm.

The quota for retail investors was subscribed 24.10 times, while the non-institutional investors (NIIs) category was booked 51.01 times. The portion for qualified institutional buyers (QIBs) received a 15.47 times subscription.

The ₹427.89 crore issue comprises a fresh issuance of shares totalling ₹60 crore and an offer-for-sale (OFS) of 2.02 crore shares worth ₹367.89 crore by promoters – Jawahar Hariram Hemrajani and Eshan Jawahar Hemrajani – and investor shareholder India Business Excellence Fund IIA.

Fresh issue proceeds to the tune of ₹50 crore will be used for establishing a glass processing unit as part of the company's planned backward integration at Maharashtra's Vile Bhagad facility. The remaining funds will be utilised for general corporate purposes.

With a price band of ₹172 to ₹182 per share, a lot consists of 82 shares.

Incorporated in 2002, Glass Wall Systems India is a facade solutions and fenestration provider, operating in the domestic and overseas markets such as the US and Australia.

Glass Wall Systems IPO: Allotment and listing date

The basis of allotment of Glass Wall Systems (India) Ltd is likely to be finalised on Friday, September 11. The listing on stock exchanges will take place on September 16.

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Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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