Logistics services provider Glottis Ltd made its debut on the stock markets on October 7, but the listing turned out to be disappointing for investors.

The stock opened well below its issue price, slipping into the red from the start, and trading at around Rs 88 per share, down nearly 31.78% against the IPO price band of Rs 120–129.

Glottis IPO Subscription Raised Expectations

Glottis’ Rs 307-crore IPO had received healthy demand during its subscription phase. It was subscribed 2.05 times overall, with bids for 4.12 crore shares against 2.01 crore on offer.

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The non-institutional investor (NII) segment saw the highest interest at 2.97 times subscription, while Qualified Institutional Buyers (QIBs) subscribed 1.87 times and Retail Individual Invest

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