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Allotment

Glottis Limited

Glottis Ltd. IPO is a book-built issue aggregating to ₹307.00 crore. The issue comprises a fresh issue of 1.24 crore equity shares amounting to ₹160.00 crore and an offer for sale of 1.14 crore equity shares aggregating to ₹147.00 crore.

The IPO opened for subscription on September 29, 2025, and closed on October 1, 2025. The basis of allotment was finalized on October 3, 2025, and the equity shares were listed on both the BSE and NSE on October 7, 2025.

The price band for the Glottis IPO was fixed at ₹129 per share. The minimum application lot size was 114 equity shares. Retail investors were required to invest a minimum of ₹14,706 for one lot (114 shares) at the upper price band. For Small Non-Institutional Investors (sNII), the minimum application size was 14 lots (1,596 shares), amounting to ₹2,05,884, while for Big Non-Institutional Investors (bNII), the minimum application was 68 lots (7,752 shares), amounting to ₹10,00,008.

Pantomath Capital Advisors Pvt. Ltd. acted as the Book Running Lead Manager for the issue, and KFin Technologies Ltd. served as the registrar to the IPO.

Glottis Limited IPO & Charts
₹129

0%

Open

₹129

HIgh - Low

₹129

Previous Close

₹129

Total Traded Value

0

52 Weeks High

₹129

52 Weeks Low

₹129

Updates On

Sep 22, 2025

IPO. Open

Sep 29, 2026

IPO. Close

Oct 1, 2026

IPO. Price

₹129.00

IPO Market price

₹1,192.00 Cr

IPO Details

IPO Date 7 Oct
IPO Listing Date 7 Oct
IPO Face Value ₹2 per share
IPO Price Range ₹129.00
IPO Issue Size 2,37,98,640 shares
IPO Sale Type Fresh Capital & OFS
Employee Discount -
IPO Issue Type 100% Book Building
IPO Listing BSE, NSE Platform
hare Holding Pre Issue 8,00,00,000 shares

IPO Timeline

IPO Open Date 29 Sep
IPO Close Date 1 Oct
IPO Allotment (Tentative) 3 Oct
Refunds 6 Oct
Credit to Demat Account 6 Oct
IPO Listing Date 7 Oct

IPO Reservation

Category Offer
QIB Shares Offered 28,13,652
NII (HNI) Shares Offered 74,18,690
Retail Shares Offered 98,91,587

IPO Lot Size

Investors can bid for a minimum of 114 shares, with additional shares available in multiples of 114.

Application Lots Share Amount
Retail (Min) 1 114 ₹14,706
Retail (Max) 13 1,482 ₹1,91,178
S-HNI (Min) 14 1,596 ₹2,05,884
S-HNI (Max) 67 7,638 ₹9,85,302
B-HNI (Min) 68 7,752 ₹10,00,008
About Company

Incorporated in June 2024, Glottis Limited is a logistics solutions company offering integrated transportation services across ocean, air, and road modes. The company provides end-to-end, multimodal logistics solutions designed to optimize the movement of goods across regions and industries.

Glottis Limited’s service portfolio includes ocean freight forwarding for imports and exports, encompassing full container loads and project cargo; air freight forwarding services for international shipments; and comprehensive road transportation solutions. In addition, the company offers a range of ancillary services such as warehousing and storage, cargo handling, third-party logistics (3PL), and customs clearance, enabling seamless supply chain management for its clients.

During FY2024, the company handled approximately 95,000 TEUs of import cargo through ocean freight, reflecting its operational scale and execution capabilities.

As of February 2025, Glottis Limited operates through eight branch offices located in New Delhi, Gandhidham, Kolkata, Mumbai, Tuticorin, Coimbatore, Bengaluru, and Cochin, with its registered and corporate offices based in Chennai. This network provides strong coverage across India’s major logistics and transportation hubs.

The company has facilitated exports to multiple international markets, including Europe, North America, South America, Africa, the Middle East, and Asia. For the six months ended September 2024 and for FY2024, FY2023, and FY2022, Glottis Limited served 1,246, 1,662, 1,513, and 1,476 customers, respectively, across 119, 100, 87, and 85 countries.

As of January 10, 2025, Glottis Limited maintained a robust global network comprising 171 overseas agents, 98 shipping lines, 52 transporters, 43 customs house agents, 22 airlines, and 20 consolidation agents, built on long-standing professional relationships. The company also owned 17 commercial vehicles as of the same date, enabling greater control over operations and scalability. Its extensive agency and asset network allows the company to efficiently manage growing demand and undertake large-scale logistics projects.

Competitive Strengths:

One of the leading freight forwarding players serving the renewable energy sector

Extensive network of intermediaries supported by optimal utilization of owned assets

Scaled multimodal logistics operations capable of handling complex and diverse projects

Long-standing relationships with a broad and diversified customer base

Strong international presence across multiple geographies

Experienced and skilled management team with deep industry expertise

Glottis Ltd. reported an 89% increase in revenue and an 81% rise in profit after tax (PAT) for the financial year ended March 31, 2025, compared to the year ended March 31, 2024.

Company Financials (Consolidated)

Assets 156.1 81.72 72.08
Total Income 942.55 499.39 478.77
Profit After Tax 56.14 30.96 22.44
EBITDA 78.45 40.36 33.47
NET Worth 98.53 42.35 11.52
Reserves and Surplus 82.53 41.35 10.52
Total Borrowing 22.14 8.08 30.61

Key Performance Indicator (KPI

ROE 56.98%
ROCE 72.58%
Debt/Equity 0.22
RoNW 56.98%
PAT Margin 5.97%
EBITDA Margin 8.34%
Price to Book Value 10.47
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries 132.54
2 To meet out the expenses of Working Capital Requirement -
3 To meet out the General Corporate Purposes; 12.66
4 Offer for Sale (OFS) -

Contact Details

Glottis Ltd. Address
New No. 46, Old No. 311
1st Floor
Thambu Chetty Street
Chennai, Tamil Nadu, 600001
Phone: +91 444266 5587
Email: info@glottislogistics.in
Website: https://www.glottislogistics.in/

Detail Registrar

IPO Registrar

Kfin Technologies Ltd.
04067162222, 04079611000
glottisltd.ipo@kfintech.com

FAQ

The Glottis Limited IPO opened on September 29, 2025, and closed on October 1, 2025. The shares were listed on BSE and NSE on October 7, 2025.

The IPO aggregated to ₹307 crore, comprising a fresh issue of ₹160 crore and an offer for sale of ₹147 crore, totaling 2,37,98,640 equity shares.

The issue price was fixed at ₹129 per share with a face value of ₹2. Investors could apply for a minimum of 114 shares per lot.

Retail investors were required to apply for at least one lot of 114 shares, amounting to ₹14,706 at the issue price of ₹129 per share.

The IPO allocation included shares reserved for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (HNIs), and Retail investors, with retail receiving 98,91,587 shares.

For FY2025, the company reported revenue of ₹942.55 crore and profit after tax of ₹56.14 crore, showing strong year-on-year growth compared to FY2024.

The company planned to utilize IPO proceeds primarily for capital expenditure toward commercial vehicles and containers, along with funding general corporate purposes.

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