29 Sep 2025 | 3 Mins Read
Glottis IPO sees 7% subscription on Day 1
Flipitmoney
Glottis Ltd's IPO received 7% subscription on the first day, with 14% for QIBs and 2% for non-institutional investors. The Rs 307-crore issue will conclude on October 1. Proceeds will fund commercial vehicle purchases and debt repayment. The company operates pan-India with eight branches, valued around Rs 1,200 crore at the upper end.