Shares of Glottis made a disastrous stock market debut on Tuesday, October 07 as the logistics solutions provider kicked-off its maiden trading session at Rs 84 on NSE, a discount of 34.88 per cent against its issue price of Rs 129 apiece. Similarly, stock was settled at a discount of 31.78 per cent on the given issue price at 88 xx on BSE. Advertisement

Listing of Glottis has been worse than expectations. Last heard, Glottis was commanding no grey market premium (GMP) in the unofficial market, suggesting a disappointing listing for the investors. Investors made a loss of Rs 5,130 on each lot of 114 equity shares worth Rs 14,706.

The IPO of Glottis ran for subscription between September 29 and October 01. It had offered its shares in the price band of Rs 120-129 per share with a lot siz

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