Overview

• By 10:42 a.m. on the first day, bids covered 0.02 times overall with QIBs at 0, NIIs at 0.01 times and retail at 0.04 times.
• The issue totals Rs 307 crore, comprising a Rs 160 crore fresh issue and a Rs 147 crore offer for sale.
• Bidding closes on October 1, with tentative allotment on October 3, refunds and demat credits on October 6, and listing on October 7 on the BSE and NSE.
• Unofficial grey market indications were Rs 12–15 per share, implying roughly 9–12% potential upside, though such signals are speculative.
• Before opening, Glottis raised Rs 55.26 crore from seven anchor investors by allotting 42,83,755 shares at Rs 129 each, including funds such as LC Pharos and Meru Investment Fund.