Glass Wall Systems Shares Surge 38% in 2 Days

Glass Wall Systems India Ltd continued their strong run on Thursday, locking in the 20% upper circuit limit and extending gains for the second consecutive session since listing. The stock quoted at Rs 257.82 on the NSE, marking a sharp rally that has pushed the counter up nearly 38% from its issue price of Rs 182. On its debut day Wednesday, the stock had already delivered a solid performance. It listed at a premium and settled over 18% higher, closing at Rs 214.85 on the NSE and Rs 215.35 on the BSE. The robust listing followed an IPO that was subscribed a healthy 81.65 times, with the price band set at Rs 172-182 per share. Thursday’s upper-circuit move lifted the company’s market capitalisation to approximately Rs 2,267 crore, an increase of over Rs 373 crore from the previous close. Investors appeared encouraged by the company’s established presence in the façade solutions and fenestration space.