Glottis IPO Listing, Oct. 7 -- In a disappointing stock market debut today, October 7, shares of Glottis Limited witnessed a massive gap-down listing. On the National Stock Exchange (NSE), Glottis share price listed at Rs.84, a discount of 34.88% or Rs.45 to the initial public offering (IPO) price of Rs.129. Meanwhile, on the BSE, Glottis share price debuted at a 31.78%, or Rs.41, discount at Rs.88 apiece.

The listing was steeply below expectations. The grey market premium (GMP) for Glottis IPO was nil, signalling a flat debut in the stock market today.

Amid a lacklustre GMP, Glottis IPO witnessed a tepid demand, garnering just 2.12 times bids for its initial share sale. The issue received bids for 4,12,86,240 shares, as against 1,95,14...