IPO Details
| Key | Value |
|---|
| IPO Date | September 29, 2025 to October 1, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Issue Price Band | ₹120 to ₹129 per share |
| Issue Price Final | ₹129 per share |
| Lot Size | 114 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| 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) |
| 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 |
IPO Subscription Details
| Key | Value |
|---|
| Anchor Investors | 1 |
| QIB (Ex Anchor) | 1.84 |
| Non-Institutional Buyers | 3.08 |
| bNII (bids above ₹10L) | 3.77 |
| sNII (bids below ₹10L) | 1.71 |
| Retail Investors | 1.47 |
| Total ** | 2.12 |
IPO Important Dates
| Key | Value |
|---|
| IPO Open Date | Mon, Sep 29, 2025 |
| IPO Close Date | Wed, Oct 1, 2025 |
| Tentative Allotment | Fri, Oct 3, 2025 |
| Initiation of Refunds | Mon, Oct 6, 2025 |
| Credit of Shares to Demat | Mon, Oct 6, 2025 |
| Tentative Listing Date | Tue, Oct 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 1, 2025 |
IPO Lot Size
| Application | Lots | Shares | 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 |
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 156.10 | 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 |
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|
| Glottis | 7.02 | 7.02 | 12.32 | | 56.98 | |
| Allcargo Logistics | 1.75 | 1.75 | 24.65 | 17.95 | 2.03 | 1.29 |
| Transport Corporation of India | 53.43 | 53.43 | 279.65 | 25.60 | 19.42 | 4.14 |
Information about company
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.
Objectives of IPO
The Company Glottis IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Funding of capital expenditure requirements of our Company towards purchase of commercial vehicles and containers; and
132.54
2
General Corporate Purposes
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|
| Day 1
Sep 29, 2025 | 1.76 | 0.17 | 0.19 | 0.12 | 0.23 | 0.43 |
| Day 2
Sep 30, 2025 | 1.76 | 1.12 | 1.51 | 0.35 | 0.60 | 0.96 |
| Day 3
Oct 1, 2025 | 1.84 | 3.08 | 3.77 | 1.71 | 1.47 | 2.12 |
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|
| 04-10-2025 | 129.00 | 0(0.00%) | 129 |
| 03-10-2025 | 129.00 | 0(0.00%) | 129 |
| 02-10-2025 | 129.00 | 1(0.78%) | 130 |
| 01-10-2025 | 129.00 | 1(0.78%) | 130 |
| 30-09-2025 | 129.00 | 5(3.88%) | 134 |
| 29-09-2025 | 129.00 | 20(15.50%) | 149 |
| 28-09-2025 | 129.00 | 12(9.30%) | 141 |
| 27-09-2025 | 129.00 | 12(9.30%) | 141 |
| 26-09-2025 | 129.00 | 15(11.63%) | 144 |
| 25-09-2025 | 129.00 | 15(11.63%) | 144 |
| 24-09-2025 | 129.00 | 0(0.00%) | 129 |
| 23-09-2025 | | 0(%) | (%) |
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|
| QIB Shares Offered | 71,39,622 (30.00%) | NA |
| − Anchor Investor Shares Offered | 42,83,755 (18.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 28,55,867 (12.00%) | NA |
| NII (HNI) Shares Offered | 71,39,622 (30.00%) | NA |
| − bNII > ₹10L | 47,59,748 (20.00%) | 2,982 |
| − sNII < ₹10L | 23,79,874 (10.00%) | 1,491 |
| Retail Shares Offered | 95,19,496 (40.00%) | 83,504 |
| Total Shares Offered | 2,37,98,740 (100.00%) | |
