Glottis IPO
Open MainLineCurrent GMP
₹1 (+0.78%)
Price Band
₹ 120 – 129
Lot Size
114
Issue Size
₹307 Cr
Minimum Investment
₹14706 (114 Shares)
Listing Date
07 October 2025
Subscription
2.05x
About the Company
Glottis Limited – Company Profile
Incorporated in June 2024, Glottis Limited is a logistics solutions company offering comprehensive multimodal transportation services through ocean, air, and road logistics. The company delivers end-to-end supply chain solutions across diverse industries, ensuring efficient movement of goods across domestic and international regions.
Service Portfolio
- Ocean Freight Forwarding: Project cargo, full container loads (FCL), and other import/export services.
- Air Freight Forwarding: Import and export solutions through global airline partnerships.
- Road Transportation: Nationwide distribution with owned and partner fleets.
- Ancillary Services: Warehousing, storage, cargo handling, third-party logistics (3PL), and customs clearance.
Operational Highlights
- During Fiscal Year 2024, the company handled approximately 95,000 TEUs of import cargo via ocean freight.
- As of February 2025, Glottis Limited operates across India through 8 branch offices in New Delhi, Gandhidham, Kolkata, Mumbai, Tuticorin, Coimbatore, Bengaluru, and Cochin, with its registered and corporate offices in Chennai. This network covers major transportation hubs nationwide.
- The company has a strong global presence, exporting to Europe, North America, South America, Africa, the Middle East, and Asia.
Customer Base
- Served 1,246 customers across 119 countries in the six months ended September 2024.
- Served 1,662 customers across 100 countries in Fiscal 2024.
- Served 1,513 customers across 87 countries in Fiscal 2023.
- Served 1,476 customers across 85 countries in Fiscal 2022.
Global Network
As of January 10, 2025, Glottis Limited has built a robust ecosystem of long-standing relationships with:
- 171 overseas agents
- 98 shipping lines
- 52 transporters
- 43 customs house agents
- 22 airlines
- 20 consol agents
Fleet & Scalability
The company owns 17 commercial vehicles, supported by its extensive network of agents and partners. This infrastructure allows Glottis Limited to scale operations rapidly, meet rising demand, and capture large business opportunities in the global logistics market.
Promoters
- Ramkumar Senthilvel
- Kuttappan Manikandan
Promoters Holding
Holding Pre Issue
98.98%
Holding Post Issue
74.23%
Objects of the Issue
The Company Glottis IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding capital expenditure requirements of our Company, towards purchase of commercial vehicles and containers
- General corporate purposes
Address / Contact Info
Glottis Ltd.
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/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 29 September 2025
IPO Close Date
Wednesday, 01 October 2025
Basis of Allotment
Friday, 03 October 2025
Initiation of Refunds
Monday, 06 October 2025
Credit of Shares to Demat
Monday, 06 October 2025
Listing Date
Tuesday, 07 October 2025 — NSE & BSE
Important Dates
Open Date
29 September 2025
Close Date
01 October 2025
Basis Of Allotment
03 October 2025
Listing Date
07 October 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 156.1 | 81.72 | 72.08 |
| Revenue | 942.55 | 499.39 | 478.77 |
| Profit After Tax | 56.14 | 30.96 | 22.44 |
| Net Worth | 98.53 | 42.35 | 11.52 |
| Reserve & Surplus | 82.53 | 41.35 | 10.52 |
| Total Borrowings | 22.14 | 8.08 | 30.61 |
EPS Pre
7.02%
EPS Post
6.08%
P/E Pre
18.38
P/E (Post Issue)
21.23x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 56.98 | 73.1 | 194.82 |
| ROCE % | 72.58 | 95.91 | 256.67 |
| Debt / Equity | 29 | 17 | 5 |
| RoNW % | 56.98 | 73.1 | 194.82 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 5.97 | 6.23 | 4.69 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 2813652 | 13.98 | 0 |
| Non-Institutional | 7418690 | 36.87 | 0 |
| BNII | 4945794 | 24.58 | 83504 |
| SNII | 2472896 | 12.29 | 0 |
| Retail Investors | 9891587 | 49.15 | 0 |
| Total | 20123929 | 100 | 0 |
Subscription Status ( Wed, 01 Oct 25 01:37 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 2813652 | 5262240 | 1.87x |
| Non-Institutional | 7418690 | 22003368 | 2.97x |
| BNII | 4945794 | 17942004 | 3.63x |
| SNII | 2472896 | 4061364 | 1.64x |
| Retail Investors | 9891587 | 14028270 | 1.42x |
| Total | 20123929 | 41293878 | 2.05x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Glottis Limited | 2 | 0.00 | 7.02 | 7.02 | 56.98 | 2.32 |
| Allcargo Logistics Ltd | 2 | 17.95 | 1.75 | 1.75 | 2.03 | 24.65 |
| Transport Corporation of India Ltd | 2 | 25.60 | 53.43 | 53.43 | 19.42 | 279.65 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 114 | 14,706.00 |
| Retail (Max) | 13 | 1,482 | 191,178.00 |
| S-HNI (Min) | 14 | 1,596 | 205,884.00 |
| S-HNI (Max) | 67 | 7,638 | 985,302.00 |
| B-HNI (Min) | 68 | 7,752 | 1,000,008.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Pantomath Capital Advisors Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Glottis IPO is a Book-building IPO worth ₹307 crores. The price band is ₹120 to 129 per share. The IPO opens on Mon, Sep 29, 2025 and closes on Wed, Oct 1, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Glottis IPO opens on Mon, Sep 29, 2025 and closes on Wed, Oct 1, 2025
Glottis IPO Price Band is ₹120 to 129.
Glottis IPO lot size is 114, and the minimum amount required for application is ₹14706.
The minimum investment for Glottis IPO is approximately ₹14706 based on the upper price band.
To apply for the Glottis IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Oct 1, 2025. After submission, funds are blocked until the basis of allotment of Glottis IPO is finalised.
Glottis IPO issue size is ₹307 crores.
Glottis IPO allotment date is Sat, Jun 27, 2026.
The registrar for Glottis IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Glottis IPO through their official website or helpline.
The Glottis IPO GMP (Grey Market Premium) is ₹1 as of Fri, Oct 3, 2025. Based on the upper price band of ₹129 per share, the estimated Glottis IPO listing price is ₹130, indicating a potential listing gain of approximately 31% over the issue price.