On to the latest D-Street entrant – Glottis has listed with a massive disappointment. It has made a debut at 35% discount on NSE at Rs 84 per share. The issue price for the IPO was fixed at Rs 129 per share.

Glottis IPO details

The Rs 307 crore book-built issue was a combination of 1.24 crore fresh issue and 1.14 crore offer for sale. The issue was open between September 29-October 1 and the allotment was finalised on October 3.

Glottis IPO subscription

The Glottis IPO was subscribed 2.12 times.The retail section saw 1.47 times subscription while QIBs werre subscribed 1.84 times and the public issue was subscribed 3.08 times in the NII category.

Glottis: Business fundamentals

Glottis offers multi-modal integrated logistics solutions, including end-to-end transportation services thr

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