Glottis IPO: The initial public offering (IPO) of Glottis Limited concluded its final day of public bidding today, October 1, with the issue subscribed 2.05 times at the end of the session, as per provisional exchange data. The logistics solutions provider aims to raise Rs 307 crore from the public offering.

Glottis IPO subscription status:

Overall, investors bid for 4.12 crore shares against the total 2.01 crore shares on offer, with Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) subscribing 1.87 times, 2.97 times and 1.42 times, respectively.

In terms of shares, QIBs bid for 52.62 lakh shares, NIIs have bid for 2.20 crore shares, and RIIs have bid for 1.40 crore shares out of their respective allotted portion so far.

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