India's Glottis slumps 30.7% in trading debut

Glottis

07/10/2025 06:06

** Shares of Glottis GOTT.NS slump 30.7% to 89.45 rupees in trading debut

** GOTT valued at 8.27 bln rupees ($93.2 mln) as of 10:17 IST vs 11.92 bln rupees valuation it received post IPO

** Stock opened at 84 rupees, 34.9% lower than its IPO price of 129 rupees

** Logistics solutions provider's 3.07-bln-rupee IPO, which comprised fresh issue of shares and sale of shares from existing shareholders, was subscribed 2.05x

** Trading vols at 17.2 mln shares so far

** Funds raised from offering to be used for purchase of

commercial vehicles and containers and other corporate purposes

($1 = 88.7250 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))