Glottis IPO price band has been fixed in the range of ₹120 to ₹129 per equity share of the face value of ₹2. The Glottis IPO date of subscription is scheduled for Monday, September 29 and will close on Wednesday, October 1. The allocation to anchor investors for the Glottis IPO is scheduled to take place on Friday, September 26.
The floor price is 60 times the face value of the equity shares and cap price is 64.50 times the face value of the equity shares. The Glottis IPO lot size is 114 equity shares and in multiples of 114 equity shares thereafter.
Glottis IPO has reserved not more than 30% of the shares in the public issue for qualified institutional buyers (QIB), not less than 30% for non-institutional Institutional Investors (NII), and not less than 40% of the offer is reserved for retail investors.
Tentatively, Glottis IPO basis of allotment of shares will be finalised on Friday, October 3 and the company will initiate refunds on Monday, October 6 while the shares will be credited to the demat account of allottees on the same day following refund. Glottis share price is likely to be listed on BSE and NSE on Tuesday, October 7.