The initial public offer of Glottis Ltd got subscribed 7% on the first day of bidding so far on September 29.

The IPO received bids for 13,53,066 shares against 2,01,23,929 shares on offer, as per NSE data.

The portion reserved for Qualified Institutional Buyers (QIBs) saw 14% subscription so far and non-institutional investor portion got 2% subscription. Retail Individual Investors (RIIs) quota got subscribed 8% so far.

Logistics service provider Glottis said on September 26 that it has mobilised a little over Rs 55 crore from anchor investors.

The Rs 307-crore issue will conclude on October 1. The price band has been set at Rs 120 to Rs 129 per share for the IPO. At the upper end, the company is valued close to Rs 1,200 crore.

The Chennai-based company's IPO is a combination of a

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