Glottis files IPO papers with Sebi; eyes Rs 200-cr via fresh issue

Logistics service provider Glottis has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The Chennai-based company's IPO is a combination of a fresh issue of equity shares worth Rs 200 crore and an offer for sale (OFS) of up to 1.45 crore equity shares by promoters, according to the Draft Red Herring Prospectus (DRHP).