- By Aditya Pratap Singh
- Thu, 10 Sep 2026 06:39 PM (IST)
- Source:JND
- Kanohar Electrical IPO was subscribed 90.59 times, the highest demand.
- Glasswall Systems IPO saw an 81.65 times subscription.
- Kanohar Electrical leads GMP with a 37% potential listing gain.
Three major IPOs—Kanohar Electrical, Glasswall, and Prasol Chemicals—conclude their subscription period on Thursday, September 10. These initial share sales opened for public subscription on September, this week. Meanwhile, during the three-day bidding period, Kanohar Electrical and Glasswall IPOs have witnessed an overwhelming response from investors—subscribed 90 and 81 times, respectively, while Prasol Chemicals witnessed a decent response, booking three times.
On the other hand, the Grey Market Premium of these IPO are showing reflection to their subscription data. Below are the subscription figures and latest grey market premiums (GMP).
Kanohar Electrical IPO GMP And Subscription Status
Total Subscription status: 90.59 times, receiving bids for 1,05,92,88,437 shares against 1,16,93,326 total offered shares, as per NSE data till 5:30 PM
Category | Subscription Status |
|---|---|
Qualified Institutional Buyers | 215.37 times |
Non-Institutional Investors | 87.74 times |
Retail Individual Investors | 20.51 times |
Kanohar Electrical IPO GMP
According to Investorgain, the latest grey market premium of Kanohar Electricals IPO was Rs 235, showing a potential of 37 per cent gain on listing day over the IPO Price.
IPO Details
- Issue Size - 1,055.74 crore
- Bidding Dates- September 8 to September 10
- Listing Date: September 16, 2026. The shares are proposed to be listed on BSE and NSE)
- Price Band: Rs 601 to Rs 632 per share
Glass Wall Systems IPO Subscription And GMP
Total subscription status: 81.65 times, receiving bids for 1,34,37,27,276 shares against 1,64,57,298 total offered shares, as per NSE data till 5:30 PM.
Category | Subscription Status |
|---|---|
Qualified Institutional Buyers | 167.93 times |
Non-Institutional Investors | 79.71 times |
Retail Individual Investors | 33.18 times |
Glass Wall Systems IPO GMP
According to Investorgain, the latest grey market premium of Glass Wall Systems IPO was Rs 48, showing a potential of 26 per cent gain on listing day over the IPO price.
IPO Details
- Issue Size - 427.89 crore
- Bidding Dates- September 8 to September 10
- Listing Date: September 16, 2026. The shares are proposed to be listed on BSE and NSE)
- Price Band: Rs 172 to Rs 182 per share
Prasol Chemicals IPO Subscription Status And GMP
Total Subscription status: 3.30 times, receiving bids for 1,79,62,318 shares against 54,43,229 total offered shares, as per NSE data till 5:30 PM.
Category | Subscription Status |
|---|---|
Qualified Institutional Buyers | 7.22 times |
Non-Institutional Investors | 1.8 times |
Retail Individual Investors | 1.7 times |
Parasol Chemicals IPO GMP And Subscription Status
According to Investorgain, the latest grey market premium of Parasol Chemicals IPO was Rs 4, reflecting a flat listing potential.
IPO Details
- Issue Size - 500 crore
- Bidding Dates- September 8 to September 10
- Listing Date: September 16, 2026. The shares are proposed to be listed on BSE and NSE)
- Price Band: Rs 643 to Rs 676 per share
Who Won the Subscription and GMP Race?
Kanohar Electricals emerged as the clear winner in both subscription demand (90.59 times) and grey market premium (Rs 235, 37 per cent potential gain), followed closely by Glasswall (81.65x subscription, 26 per cent potential gain).
Disclaimer: This story is for informational purposes only. It should not be considered investment advice. The grey market premium is taken from Investorgai. GMP is not official data; it does not guarantee a precise listing price.