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Glottis IPO Date, Review, Price, Allotment Details

Glottis IPO Date, Review, Price, Allotment Details

Glottis IPO will open on September 29, 2025, and close on October 1, 2025. This is a Book Built Issue through which the company plans to raise about ₹307 crore, comprising a fresh issue of ₹160 crore and an offer for sale of up to 1,13,95,640 equity shares with a face value of ₹2 each.

The price band has been set at ₹120–₹129 per share. The allocation is 40% for retail investors, 30% for QIBs, and 30% for HNIs. The IPO is expected to list on both the BSE and NSE on October 7, 2025, with the share allotment scheduled for October 3, 2025.

For the financial year 2025, the company reported revenue of ₹942.55 crore, rising from ₹499.39 crore in 2024, and a profit of ₹56.14 crore, compared to ₹30.96 crore in 2024. Considering these financials, investors may view this IPO as a long-term investment opportunity.

About Glottis IPO

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:

  1. Ocean freight forwarding, including project cargo loads and full container loads for both import and export
  2. Air freight forwarding for both import and export
  3. Road transportation
  4. 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.

Glottis IPO Details:

Face Value

₹2 Per Equity Share

Fresh Issue

Approx ₹160 Crores

Ipo Date

September 29, 2025

Issue Price

₹120 to ₹129

Issue Type

Book Built Issue

Listing At

BSE, NSE

Listing Date

October 7, 2025

Listing Day Close

--

Listing Day Gain

--

Lot Amount

14,706

Lot Size

1

Offer For Sale

Approx 1,13,95,640 Equity Shares

Price Band

₹120 to ₹129 Per Share

Profit Loss

--

Share Holding Post Issue

--

Share Holding Pre Issue

--

Total Issue Size

Approx ₹307 Crores

--

--

Glottis IPO Timeline (Tentative Schedule)

Basis Of Allotment

2025-10-03

Credit Of Shares To Demat

2025-10-06

Cut Off Time For Upi Mandate

2025-09-30T23:30:00.000Z

Initiation Of Refunds

2025-10-06

Ipo Close Date

2025-10-01

Ipo Open Date

2025-09-29

Listing Date

2025-10-07

Key Performance Indicator

KPI

Values

Debt Equity

0.22

P Bv

--

Pat Margin

5.97

Roce

72.58

Roe

56.98

Ronw

56.98

Objects of the Issue (Glottis IPO Objectives)

Funding of capital expenditure requirements of our Company towards purchase of commercial vehicles and containers; and

General Corporate Purpose

Glottis IPO Review (Apply)

Glottis IPO Company Financial Report (₹ in Crores)

Year
Revenue
Expense
PAT
2023
478.77
445.45
22.44
2024
499.39
457.83
30.96
2025
942.55
866.68
56.14

Company Promoters

  • - Ramkumar Senthilvel
  • - Kuttappan Manikandan

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