New Delhi, Dec. 17 -- Global Ocean Logistics India IPO: The initial public offering (IPO) by Global Ocean Logistics India, a freight forwarding company with multi-modal logistics solutions, opened for bidding on Wednesday, December 17. The offer will close for bidding on Friday, December 19.

Global Ocean Logistics India IPO was off to a decent start, garnering over 40% bids within an hour of opening.

Global Ocean Logistics India IPO received bids for 10,00,000 shares as against 25,95,200 shares on offer, resulting in a 0.39 times subscription as of 11.20 am.

The retail portion of Global Ocean Logistics India IPO was subscribed 8%, while the non-institutional investor (NII) quota was subscribed 1.61 times. The qualified institutional bu...