Glottis IPO Sees Moderate Demand, Subscribed 2.12x by Day 3

Glottis Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third and final day of subscription, with Glottis' stock price set at ₹120-129 per share reflecting steady market reception. The ₹307.00 crore IPO reached 2.12 times by 5:04:50 PM on day three, indicating moderate investor interest in this logistics solutions provider incorporated in 2024.

Glottis IPO non-institutional investors segment leads with strong 3.08 times subscription, whilst qualified institutional buyers (ex-anchor) demonstrate moderate participation at 1.84 times and retail investors show moderate interest at 1.47 times, whilst anchor investors show complete participation at 1.00 times, reflecting measured investor confidence in this Chennai-based logistics company. Glottis IPO subscription reached moderate 2.12 times on day three, led by Non-Institutional Investors (3.08x), Qualified Institutional Buyers Ex-Anchor (1.84x), and Retail Investors (1.47x). Total applications reached 1,06,634.

IPO Subscription Status

Here are the subscription details for Glottis IPO as of Day 3 (October 1, 2025, 5:04:50 PM):

Total Applications: 1,06,634

Key Highlights - Day 3

• Overall subscription reached moderate 2.12 times, showing substantial improvement from day two's 0.96 times
• Non-institutional investors displaying strong interest at 3.08 times, building substantially from day two's 1.12 times
• Qualified institutional buyers (ex-anchor) showing moderate performance at 1.84 times, building marginally from day two's 1.76 times
• Retail investors showing moderate confidence at 1.47 times, building substantially from day two's 0.60 times
• Total applications reached 1,06,634, indicating outstanding investor participation for this mainboard IPO
• Cumulative bid amount reached ₹532.59 crores, exceeding the issue size of ₹307.00 crores
• Anchor investors fully subscribed at ₹55.26 crores as expected

Key Highlights - Day 2

• Overall subscription reached limited 0.96 times, showing substantial improvement from day one's 0.43 times
• Qualified institutional buyers (ex-anchor) showing moderate performance at 1.76 times, unchanged from day one's 1.76 times
• Non-institutional investors displaying moderate interest at 1.12 times, building substantially from day one's 0.17 times
• Retail investors showing limited confidence at 0.60 times, building substantially from day one's 0.23 times
• Total applications reached 44,125, indicating reasonable investor participation for this mainboard IPO
• Cumulative bid amount reached ₹242.36 crores, falling short of the issue size of ₹307.00 crores

Key Highlights - Day 1

• Overall subscription reached a limited 0.43 times, showing cautious initial investor interest.
• Qualified institutional buyers (ex-anchor) showing moderate performance at 1.76 times, indicating decent institutional appetite.
• Retail investors are displaying minimal confidence at 0.23 times, showing very weak retail sentiment.
• Non-institutional investors are showing minimal performance at 0.17 times, indicating a very weak HNI appetite.
• Total applications reached 16,903, indicating weak investor participation for this mainboard IPO.
• Cumulative bid amount reached ₹109.27 crores, falling significantly short of the issue size of ₹307.00 crores.
• Anchor investors fully subscribed at ₹55.26 crores as expected.

About Glottis Limited

Glottis Limited is a logistics solutions company offering comprehensive transportation services through ocean, air, and road logistics, providing end-to-end multimodal logistics solutions including freight forwarding, warehousing, cargo handling, and customs clearance, operating eight branch offices across major Indian cities and having handled approximately 95,000 TEUs of ocean freight imports during Fiscal 2024.