Mumbai, October 7, 2025 – Investors had a rough start with Glottis as the logistics firm’s shares made a disappointing debut on Dalal Street today. The stock opened nearly 35% lower than its issue price, signaling a weak response from the market despite decent IPO subscriptions.
Glottis had set its issue price between ₹120 and ₹129 per share, but when trading began, the stock listed at ₹84 on the NSE and around ₹88 on the BSE. The sharp decline took most investors by surprise, especially those expecting a positive listing amid a series of recent strong IPO performances.
Muted Debut Despite Decent Subscription
The company had aimed to raise around ₹307 crore through its initial public offering, combining a fresh issue of shares with an offer for sale from existing promoters. The funds were meant to support vehicle purchases, debt repayment, and general corporate expenses.
Despite the IPO receiving reasonable interest during its subscription window, the overall sentiment on listing day turned cautious. Market participants said that investors seemed worried about the company’s near-term profitability and the overall weakness in mid-cap counters.
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Why the Stock Fell So Sharply
Market experts believe there were several reasons behind the weak debut.
First, Glottis’ grey market premium had shown little excitement before listing, hinting that investors weren’t expecting strong listing gains. Second, the logistics sector itself has been facing cost pressures due to rising fuel prices and stiff competition, which has squeezed margins across the industry.
Adding to this, broad market volatility in recent weeks has made investors wary of new listings, especially those from companies with limited profit history. Analysts also pointed out that the IPO valuation looked slightly stretched compared to other listed peers, leaving limited room for upside on listing day.
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Analysts’ Take
According to market watchers, the weak debut doesn’t necessarily mean Glottis lacks long-term potential. They suggest that if the company executes its business plans efficiently — by expanding its logistics network and improving operational margins — the stock could recover gradually.
However, for short-term traders, the sentiment remains negative until the stock finds a stable support level. “Investors will be closely watching the company’s next quarterly performance before deciding to re-enter,” said one Mumbai-based market analyst.
A Tough Start for Glottis
The listing outcome reflects the cautious mood in India’s IPO market right now. Over the past few weeks, several new listings have failed to meet expectations as investors prefer to stay selective in a volatile environment.
For Glottis, a 35% drop on debut has turned what could have been a celebratory day into a reality check. The company will now need to focus on performance and consistent results to win back investor trust.