The initial public offering (IPO) of logistics service provider Glottis Ltd got subscribed 42 per cent on the first day of bidding on Monday.

The three-day IPO received bids for 84,69,402 shares against 2,01,23,929 shares on offer, according to NSE data.

Glottis IPO: Category-wise subscription

Qualified Institutional Buyers’ (QIBs) portion attracted 1.79 times subscription while the quota for Retail Individual Investors (RIIs) received 22 per cent subscription. The category for non-institutional investors got subscribed 16 per cent.

Glottis on Friday said 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 fixed at Rs 120-129 per share for the IPO. At the upper end, the company is valued clo

See Full Page