The Glottis IPO enters its third day of subscription today, 1 October 2025. Till the end of Day 2, the issue was subscribed to 2.23 times.
[1-October-2025 12:03:00]
Investor Category |
Subscription (Times) |
Qualified Institutional Buyers (QIBs) |
1.79 |
Non-Institutional Investors |
1.47 |
Retail Individual Investors (RIIs) |
0.95 |
Total |
1.26 |
[30-September-2025 17:03:00]
Investor Category |
Subscription (Times) |
Qualified Institutional Buyers (QIBs) |
1.79 |
Non-Institutional Investors |
1.08 |
Retail Individual Investors (RIIs) |
0.58 |
Total |
0.93 |
The company aims to use the net proceeds from the fresh issue towards the following objectives.
Glottis provides comprehensive, multimodal logistics solutions across domestic and international markets. This includes ocean freight forwarding, air freight forwarding, and road transportation. In addition to core transportation services, the company also provides a range of value-added logistics support, including warehousing, cargo storage, customs clearance, cargo handling, and third-party logistics (3PL) services.
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