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The Economic Times
The Economic Times
Ritesh Presswala

Glass Wall Systems IPO Day 3: Issue subscribed over 82x, GMP at 36%; Check details

Glass Wall Systems IPO

The Glass Wall Systems IPO witnessed strong investor interest on final day of bidding, with the issue subscribed 81.65 times overall against the 1.64 crore shares on offer, showed the NSE data. Adding to the positive sentiment, the IPO is commanding a Grey Market Premium (GMP) of around 36%, signalling that investors expect a potentially strong listing for the company.

On the second day of bidding, the issue was subscribed 8.22 times overall, against the 1.64 crore shares on offer. Retail Individual Investors (RIIs) subscribed 10.96 times to the 82.28 lakh shares reserved for them.

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