Glottis IPO listing: Shares off to a disappointing start, debut at 35% discount to issue price
Glottis IPO Listing: In a disappointing stock market debut today, October 7, shares of Glottis Limited witnessed a massive gap-down listing. On the National Stock Exchange (NSE), Glottis share price listed at ₹84, a discount of 34.88% or ₹45 to the initial public offering (IPO) price of ₹129. Meanwhile, on the BSE, Glottis share price debuted at a 31.78%, or ₹41, discount at ₹88 apiece.
The listing was steeply below expectations. The grey market premium (GMP) for Glottis IPO was nil, signalling a flat debut in the stock market today.
Glottis IPO Details
Amid a lacklustre GMP, Glottis IPO witnessed a tepid demand, garnering just 2.12 times bids for its initial share sale. The issue received bids for 4,12,86,240 shares, as…
