Glottis shares make weak D-St debut, list at 35% discount to IPO price

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Glottis, a Chennai logistics company, experienced a weak market debut. Its shares listed at a discount on both NSE and BSE. The IPO saw a modest investor response despite the company's strong financials. Funds raised will support fleet expansion and capacity enhancement. Glottis offers integrated logistics solutions globally. Analysts suggest the IPO was fully priced, impacting near-term gains.