07 Oct 2025 | 5 Mins Read
Glottis debuts with 35% discount to IPO price
Flipitmoney
Glottis Ltd. made its stock market debut at ₹87 per share, a 33% discount from its IPO price of ₹129. The IPO saw a 2.05x subscription, with full demand for retail investors but subdued demand for Qualified Institutional Bidders. Glottis raised ₹160 crore to acquire vehicles and containers, aiming to reduce leased assets and improve operational control and cost efficiency.