Glottis Limited – IPO
Glottis Limited – IPO Details
| IPO Date | September 29, 2025 to October 1, 2025 |
| Listing Date | October 7, 2025 |
| Face Value | ₹ 2 / Share |
| Price Band | ₹ 120 to ₹ 129 / Share |
| Lot Size | 114 Shares |
| Total Issue Size | 2,37,98,740 shares (Aggregating up to ₹307.00 Cr) |
| Fresh Issue | 1,24,03,100 shares (Aggregating up to ₹160.00 Cr) |
| Offer for Sale | 1,13,95,640 shares of ₹2 (Aggregating up to ₹147.00 Cr) |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 8,00,00,000 shares |
| Share holding post issue | 9,24,03,100 shares |
| Market Maker portion |
Glottis Limited Timeline (Tentative Schedule)
Glottis Limited IPO opens on September 29, 2025, and closes on October 1, 2025.
| IPO Open Date | September 29, 2025 |
| IPO Close Date | October 1, 2025 |
| Basis of Allotment | October 3, 2025 |
| Initiation of Refunds | October 6, 2025 |
| Credit of Shares to Demat | October 6, 2025 |
| Listing Date | October 7, 2025 |
| Cut-off time for UPI mandate confirmation | October 1, 2025 |
Glottis Limited IPO Lot Size
Investors can bid for a minimum of 114 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 114 | Rs.14,706 |
| Retail (Max) | 13 | 1,482 | Rs.191,178 |
| S-HNI (Min) | 14 | 1,596 | Rs.205,884 |
| S-HNI (Max) | 67 | 7,638 | Rs.985,302 |
| B-HNI (Min) | 68 | 7,752 | Rs.1,000,008 |
| HNI (Min) |
Glottis Limited IPO Promoter Holding
| Share Holding Pre Issue | 98.98% |
| Share Holding Post Issue |
Glottis Limited IPO Reservation
Glottis IPO offers a total of 2,37,98,740 shares. Out of which 71,39,622 (30.00%) allocated to QIB, 28,55,867 (12.00%) allocated to QIB (Ex- Anchor), 71,39,622 (30.00%) allocated to NII, 95,19,496 (40.00%) allocated to RII, and 42,83,755 (18.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | 71,39,622 (30.00%) |
|
| NII (HNI) Shares Offered | 71,39,622 (30.00%) |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 95,19,496 (40.00%) |
|
| Employee Shares Offered | |
|
| Total Shares Offered | 2,37,98,740 (100.00%) |
Glottis Limited IPO Anchor Investors Details
Glottis IPO raises ₹55.26 crore from anchor investors. Glottis IPO Anchor bid date is September 26, 2025.
| Bid Date | 2025-09-26 |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | 55.26 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 2, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 1, 2026 |
About Glottis Limited
Incorporated in June 2024, Glottis Limited is a logistics solutions company that offers comprehensive transportation services through ocean, air, and road logistics.
The company provides end-to-end logistics solutions with multimodal capabilities across various sectors, optimizing the movement of goods across different regions. Our services include:
- Ocean freight forwarding, including project cargo loads and full container loads for both import and export
- Air freight forwarding for both import and export
- Road transportation
- Ancillary services such as warehousing, storage, cargo handling, third-party logistics (3PL), and customs clearance
During Fiscal Year 2024, Glottis Limited handled approximately 95,000 TEUs of imports via ocean freight.
As of Feb 2025, the company operates in India through 8 branch offices in New Delhi, Gandhidham, Kolkata, Mumbai, Tuticorin, Coimbatore, Bengaluru, and Cochin, with registered and corporate offices in Chennai, covering major transportation hubs.
The company has exported its products to the countries such as Europe, North America, South America, Africa, Middle East and Asia.
For the six months ended September 2024 and for Fiscals 2024, 2023, and 2022, the company served 1,246, 1,662, 1,513, and 1,476 customers across 119, 100, 87, and 85 countries, respectively.
As of January 10, 2025, the company had a network of 171 overseas agents, 98 shipping lines, 52 transporters, 43 customs house agents, 22 airlines, and 20 consol agents, built on longstanding relationships.
As of January 10, 2025, the company owns 17 commercial vehicles. Our extensive vehicle and agency network allows us to scale with increasing demand and seize large business opportunities.
Competitive Strength
- One of the leading freight forwarding players operating in the Renewable Energy Industry
- Wide network of Intermediaries coupled with optimum utilisation of our asset portfolio.
- Scaled multimodal logistics operations with capabilities of handling diverse projects.
- Longstanding relationship with a diverse set of customers across industries.
- Widespread international presence.
- Skilled and experienced management team with relevant industry experience.
Key Performance Indicator
The market capitalization of Glottis IPO is ₹1192.00 Cr.
| KPI | Values |
|---|---|
| ROE | 56.98% |
| ROCE | 72.58% |
| Debt/Equity | 0.22 |
| RoNW | 56.98% |
| P/BV | 10.47 |
| PAT Margin (%) | 5.97% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.02 | 6.08 |
| P/E (x) | 18.38 | 21.23 |
Note:
- The Pre IPO EPS is calculated based on Pre-IPO shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 202,5, that is available in RHP.
Objects of the Issue (Glottis Limited IPO Objectives)
Glottis Limited Contact Details
Glottis Ltd. New No. 46, Old No. 311 1st Floor Thambu Chetty Street Chennai, Tamil Nadu, 600001 Phone: +91 444266 5587 Email: [email protected] Website: https://www.glottislogistics.in/ |
Glottis Limited IPO Registrar
Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: [email protected] Website: https://ipostatus.kfintech.com/ |