This issue listed on 16 Sep 2026 — grey-market quoting band ho chuki hai. Final unofficial premium +₹41 (+22.5%) tha, actual debut +18.1% debut gain. Compare the two to judge how honest the street signal was.
Glass Wall Systems (India) commands a grey-market premium of ₹41 (+22.5% of the ₹182 upper band), about ₹3,362 per lot of 82 shares. Street demand is cooling: the quote slipped from ₹52 to ₹41 across 3 tracked sessions — late-window weakness often precedes a soft debut. Books show 81.65x total subscription (QIB 167.93x, NII 79.71x, retail 33.18x). Institutions are carrying this issue — QIB demand near 167.93x is the smart-money leg that grey quotes usually follow, not lead. This issue has already listed — compare the debut against the premium trail above to judge how honest the street signal was.
Unofficial street quote — treat as sentiment alongside subscription breadth and fundamentals, never as a promised listing price.
| Date | GMP | Est. Gain |
|---|---|---|
| 17 Sep | +₹41 | +22.5% |
| 16 Sep | +₹41 | +22.5% |
| 15 Sep | +₹52 | +28.6% |
Est. gain = GMP as % of the upper band price (indicative listing premium).
Grey Market Premium is an unofficial, off-exchange quote. SEBI does not recognise grey-market trading; the actual listing price is decided by order-book demand on debut day.
| Price Band | ₹172 - ₹182 |
|---|---|
| Lot Size | 82 shares |
| Issue Size | ₹428 Cr |
| Opening Date | 08 Sep 2026 |
| Closing Date | 10 Sep 2026 |
| Listing Date | 16 Sep 2026 |
| Subscription | 81.65x |
The last unofficial grey market premium for Glass Wall Systems (India) IPO was ₹41 (+, frozen at listing). Actual debut gain was +18.1% — compare with the premium trail above. Grey market quoting stops once an issue lists.
Grey market premium is a street quote that reacted to subscription momentum and market mood — the final unofficial premium was ₹41, frozen once the issue listed. It was never guaranteed.
No. GMP is an unofficial sentiment indicator that can change quickly. The actual listing price is decided by regular order-book demand on the exchanges on debut day. For Glass Wall Systems (India), the book stands at 81.65x overall with QIB demand at 167.93x — read that breadth next to the premium, not the premium alone.
The full report with subscription status, RHP financials, strengths and data-based analysis signal is on the Glass Wall Systems (India) IPO detail page.
Read the full Glass Wall Systems (India) IPO report →
Last updated: 16 Sep 2026 IST