Glottis IPO GMP And Allotment In Spotlight; Check Status, GMP, Listing Date

Investors can expect a flat listing when shares of Glottis debut on the market next week.

The allotment status for the Glottis IPO will be finalised today. (Image source: Glottis/LinkedIn)

After the conclusion of the subscription process on October 1, the allotment status for the Glottis IPO will be finalised on Friday, October 3.

Glottis IPO GMP Today

The grey market premium (GMP) for Glottis Ltd. IPO stood at Rs 1 as of 9:00 a.m. on October 3. With a price band of Rs 129, the IPO’s estimated listing price works out to around Rs 130, implying a potential gain of approximately 0.78% per share.

Note: GMP does not represent official data and is based on speculation. GMP data sourced from InvestorGain.

Applicants of the Glottis IPO can check their allotment status on the NSE or BSE websites, or through the registrar, Kfin Technologies.

How To Check Glottis IPO Allotment Status On BSE

  • Visit the BSE’s official IPO allotment page here https://www.bseindia.com/investors/appli_check.aspx.

  • Select equity as the issue type.

  • From the dropdown menu, choose Glottis Ltd.

  • Enter your application number or PAN.

  • Complete the captcha verification.

  • Click search to view your allotment status.

How To Check Glottis IPO Allotment Status On NSE

How To Check Glottis IPO Allotment Status On KfinTech

  • Visit the KfinTech IPO allotment page — https://ipostatus.kfintech.com/.

  • From the dropdown menu, choose ‘Glottis Limited’ as the IPO name.

  • Select one of the available identification options – PAN number, Application number or DP ID/client ID.

  • Enter the details based on the option you selected.

  • Click on the ‘Search’ button.

  • Your IPO allotment status will be displayed on the screen.

Refunds and credit of shares to investors’ demat accounts are likely to happen on October 6.

The tentative listing date for the Glottis IPO on the BSE and NSE is scheduled for Tuesday, October 7.

Use of IPO Proceeds

Glottis Ltd. plans to use the net proceeds from its IPO primarily to fund capital expenditure, including the purchase of commercial vehicles and containers. The remaining funds will be allocated for general corporate purposes.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.

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