Glottis IPO
Glottis Limited (GLOTTIS) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 07 October 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain 0.0% (likely range -6% to +2%), day's high +4.0%, chance of a gain 33%. Actual: -34.9% at the open, -27.9% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 28,13,652 | 52,62,240 | 1.87x | |
| NII (HNI) total | 74,18,690 | 2,20,03,368 | 2.97x | |
| Big NII (above ₹10 lakh) | 49,45,794 | 1,79,42,004 | 3.63x | |
| Small NII (₹2-10 lakh) | 24,72,896 | 40,61,364 | 1.64x | |
| Retail | 98,91,587 | 1,40,28,270 | 1.42x | |
| Total | 2,01,23,929 | 4,12,93,878 | 2.05x |
Bids on NSE and BSE together, as published by NSE, as of 01 Oct 2025, 07:00 PM. Shares offered exclude the anchor portion. 28% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Glottis's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| GTPL HathwayJun 2017 | 1.48x | 2.85x | 0.99x | 1.53x | ₹492 Cr | 0.0% | +2.9% |
| BMW VenturesSep 2025 | 3.09x | 3.03x | 0.99x | 1.50x | ₹235 Cr | -21.2% | -21.2% |
| Laxmi India FinanceJul 2025 | 1.30x | 1.84x | 2.22x | 1.87x | ₹254 Cr | -13.0% | -7.2% |
| S.P. ApparelsAug 2016 | 2.21x | 5.10x | 1.90x | 2.66x | ₹254 Cr | +2.6% | +7.7% |
| S J S EnterprisesNov 2021 | 1.42x | 2.32x | 1.38x | 1.59x | ₹817 Cr | 0.0% | +1.7% |
| Pace DigitekSep 2025 | 1.60x | 2.90x | 1.03x | 1.59x | ₹863 Cr | +2.7% | +5.5% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Pantomath Capital Advisors | 19 | +20.0% | 79% |
Offer documents (NSE)
Frequently asked
What is the Glottis IPO price band and lot size? ₹120–129 per share, with a lot of 114 shares, so the smallest retail bid is ₹14,706.
How many times has it been subscribed? 2.05x overall: QIB 1.87x, NII 2.97x, retail 1.42x.
How did it list? It opened at ₹84.0, -34.9% against the issue price of ₹129, and closed its first day -35.1%.
