Glottis Ltd.'s IPO is a book-built issue of Rs 307 crore, comprising a fresh issue of 1.24 crore shares raising Rs 160 crore and an offer-for-sale of 1.14 crore shares. (Image source: Glottis/LinkedIn) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Glottis Ltd.'s initial public offering has opened for its second day of bidding on Tuesday. The IPO was subscribed 0.42 times on the first day on Monday. The company specialises in logistics solutions across ocean, air and road transport.

The IPO is a book-built issue of Rs 307 crore, comprising a fresh issue of 1.24 crore shares raising Rs 160 crore and an offer-for-sale of 1.14 crore shares amounting to Rs 147 crore. The IPO has been priced at a band of Rs 120 to Rs 129 per share.

The application lot size for retail investo

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