New Delhi, Oct 1 (PTI) The initial public offer of logistics service provider Glottis Ltd garnered 2.05 times subscription on the final day of bidding on Wednesday.

The Rs 307-crore share sale received bids for 4,12,93,878 shares against 2,01,23,929 shares on offer, according to details available with the NSE.

The component meant for non-institutional investors attracted 2.97 times subscription, while the category for Qualified Institutional Buyers (QIBs) received 1.87 times subscription. The quota for Retail Individual Investors (RIIs) got subscribed 1.42 times.

Glottis on Friday said it has mobilised a little over Rs 55 crore from anchor investors.

The price band for the offer is Rs 120-129 per share. At the upper end, the company is valued close to Rs 1,200 crore.

The Chennai-based

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